News roundup—6th February 2009

News roundup—6th February 2009

Champagne Warehouse toasted a record six months after
securing an invoice finance line worth £1.75 million from
asset-based lender Davenham, reports the Yorkshire Business Desk.

Snow news is good news at Webtogs, an outdoor
gear supplier. It experienced a 400 per cent increase in online
sales this week, all thanks to the recent cold snap.

Reiterating what most of us in the home shopping sector
already know, Horticulture Week tells its readers that
“businesses should use well-designed catalogues to direct
customers to their websites”.

The Times reports that Royal Mail is
looking to axe 16,000 jobs-or 10 per cent of its workforce-as
part of its cost-cutting programme. This comes just one month
after the postal operator announced record profits of £255
million for the nine months to 31 December. Further, unions
have warned that up to 50,000 more jobs will be at risk if a
private investor is allowed to take a stake in state-owned
Royal Mail.


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