UK high street retail sales slipped 6.1% in April from the same month last year, dragged down by a 9.2% drop in apparel sales, according to accounting firm BDO's sales tracker. A shift to online shopping has taken a toll on older retailers that haven't kept up with changing times, including BHS and Austin Reed, both of which entered administration last month, analysts said.
Hotels with spas have higher average daily rates than those without, according to a report by PKF Consulting USA. "Our research doesn't assume there's cause and effect. There could be numerous other factors at play accounting for the increase, including location, target market, overall positioning in the market and so on," PKF's Andrea Foster said.
Bloomberg's financial-news and data service could be under threat from companies such as Dataminr, which monitors Twitter's data stream in real time to find potentially market-moving news and trends, Omar Akhtar writes. Dataminr says it can deliver actionable data faster than conventional news wires, perhaps giving it an edge over Bloomberg's lucrative terminal-based business model.
International convergence projects and accounting for private companies are among the top items on Russell Golden's agenda as he prepares to take over as Financial Accounting Standards Board chairman on July 1 following the end of Leslie Seidman's term. Read more about Golden's priorities.
Talking to yourself can be a good thing, according to a study. Subjects who engaged in self-talk were better at certain tasks, such as locating objects on a supermarket shelf, compared with those who didn't. The finding suggest a link between speech and visual processing, the researchers wrote.