Christmas Cancelled
THE HIGH STREET
MK One, the 125-store discount retailer previously owned by Hilco, a Woolworths suitor, has collapsed for a second time this year, putting 1,400 jobs at risk.
The high street chain, which was put into administration yesterday by its leading creditor, has struggled to compete with other discount retailers, such as Primark. It has been in and out of administrations and restructurings for the past 12 months.
MK One’s failure before the peak December shopping season will heighten fears that limping retailers will not even make it through Christmas and that the festive period will be one of the worst on record.
THE CAR INDUSTRY
Meanwhile, Honda, the Japanese car maker, is to close its UK factory during February and March as its slows production amid plunging sales. French car company Peugeot Citroen has announced plans to shed 2,700 jobs because of falling demand in Europe.
Japan's fifth-largest car maker, Mazda, has announced 1,300 job losses and has lowered its production target for the current financial year by 48,000 vehicles. Another Japanese car maker, Isuzu, is shedding 1,400 jobs and has cut production by 10%
General Motors has suspended production for two months and is shedding 258 jobs at its Rayong factory in Thailand. Toyota has also scaled down production at its Thai factory and is seeking early retirement for 340 workers.
HOUSING
The number of Britons being evicted from their homes rose 12 per cent in three months, according to the Council of Mortgage Lenders.
THE FUNNY BIT AT THE END THAT MAKES YOU LAUGH
Cheeky lovable side-splittingly unfunny pwankster Jonathan Woss is to be weinstated to his £6-million-a-year job with the Beeb, after the BBC Trust claimed it is not its wesponsibility to dictate sanctions against pwesenters. Ranker.
MK One, the 125-store discount retailer previously owned by Hilco, a Woolworths suitor, has collapsed for a second time this year, putting 1,400 jobs at risk.
The high street chain, which was put into administration yesterday by its leading creditor, has struggled to compete with other discount retailers, such as Primark. It has been in and out of administrations and restructurings for the past 12 months.
MK One’s failure before the peak December shopping season will heighten fears that limping retailers will not even make it through Christmas and that the festive period will be one of the worst on record.
THE CAR INDUSTRY
Meanwhile, Honda, the Japanese car maker, is to close its UK factory during February and March as its slows production amid plunging sales. French car company Peugeot Citroen has announced plans to shed 2,700 jobs because of falling demand in Europe.
Japan's fifth-largest car maker, Mazda, has announced 1,300 job losses and has lowered its production target for the current financial year by 48,000 vehicles. Another Japanese car maker, Isuzu, is shedding 1,400 jobs and has cut production by 10%
General Motors has suspended production for two months and is shedding 258 jobs at its Rayong factory in Thailand. Toyota has also scaled down production at its Thai factory and is seeking early retirement for 340 workers.
HOUSING
The number of Britons being evicted from their homes rose 12 per cent in three months, according to the Council of Mortgage Lenders.
THE FUNNY BIT AT THE END THAT MAKES YOU LAUGH
Cheeky lovable side-splittingly unfunny pwankster Jonathan Woss is to be weinstated to his £6-million-a-year job with the Beeb, after the BBC Trust claimed it is not its wesponsibility to dictate sanctions against pwesenters. Ranker.