One million small firms should be exempted from business rates in overhaul of way companies are taxed by local councils, according to report from property industry: The British Property Federation will publish its proposal in the coming weeks to replace the current system of reviewing each firm’s annual business rates every five years with a yearly review for bigger companies.
Marks & Spencer’s online sales in China surge after deal to sell clothes through internet giant Alibaba: Marks & Spencer sells its clothes through Alibaba’s subsidiary, Tmall, and it said almost half its dress sales in China are online, adding that it was the fastest growing womenswear brand on Tmall.
Scandinavia is the right way for us, says Marks & Spencer as retailer steps up international expansion: Marks & Spencer is to step up its international expansion by opening in Scandinavia for the first time. Britain’s biggest clothing retailer plans 15 new franchise shops in Finland and Norway with a four-storey flagship in Helsinki.
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