Business News in Brief: Incorrect information costs businesses £125m a year

British businesses are losing out on £125m every year due to incorrect customer data, according to Royal Mail research.

Nearly three-quarters of people who have recently moved in to new build properties said that they have problems when ordering goods and services. Businesses have failed to update their customer databases with the addresses of newly-built residential developments. As a result, businesses struggle to recognise postcodes, with 17 per cent of people still experiencing difficulties six months after moving in.

FitSpace in expansion talks with Barclays

No frills gym chain FitSpace is in talks with Barclays Bank to fund an expansion across major towns in the UK. The budget operator currently has eight clubs and is looking at snapping up under-performing clubs or converting and leasing existing buildings. It costs up to £600,000 to convert a property into a FitSpace gym.. Chartered surveyor Humberts Leisure is advising the gym chain, which is currently debt-free and charges £10 a month for membership.

Three FTSE-100 giants set to report results

FTSE 100 giants British Airways (BA), AstraZeneca and Royal Dutch Shell will all report results in a busy week for the City. Analysts at Charles Stanley expect BA to announce a first-half pre-tax profit of £60m, having suffered a £292m pre-tax loss in the same period last year. Pharmaceuticals giant Astrazeneca is expected to announce a "very much more downbeat" third quarter results following an excellent six months, according to Charles Stanley.