Mirror Group owner Reach’s shares tumble as it axes 200 jobs in £30m cost savings drive January 11, 2023 Daily Mirror and Express publisher Reach is to axe 200 jobs as part of major cost-cutting following a slump in advertising revenue. Shares in Reach plummeted by a quarter on Wednesday morning after a downbeat update from bosses. The company told staff would be cutting further roles across all parts of the business as it [...]
Sainsbury’s refocuses on food in new growth strategy with ‘progressive’ dividends and buybacks too February 7, 2024 Currently only 15 per cent of its supermarkets offer the full food range, with the new plan to focus on 180 of these highest potential stores.
Rishi Sunak warns his cabinet about ‘challenging’ winter of UK strikes December 13, 2022 Rishi Sunak has warned his cabinet that winter will be “challenging” as widespread industrial action ramps up and as the economic downturn deepens. The Prime Minister’s official spokesman today said the “government will do all we can to minimise disruption”, while calling for union bosses to get back to the negotiating table. Today marks the [...]
FTSE 100 close: Gilt yields fall and sterling dips after Pill’s rate cut comments November 7, 2023 The biggest riser on the top index was Primark owner Associated British Foods, which reported revenues up by almost £20bn
Only five UK retailers issued profit warnings in first leg of 2023, but experts warn of challenges April 24, 2023 Only five UK retailers raised concerns about their profits in the first leg of 2023. However, the sector has warned that challenges remain for shops and the high street. According to data by accountancy firm EY, the number of profit warnings issued by retailers fell by 44 per cent in quarter one compared to the [...]
Thames Water launches a live sewage discharge map – see if your local drain is overflowing January 5, 2023 Thames Water have launched a map of its sewage discharge points to mark the new year – and those living in the area won’t be very impressed. The map appears to show a host of monitors registering live discharge as of 1:40pm, with many focussed around Oxford and out into the Berkshire countryside. The company [...]
Gaucho’s Martin Williams interviews England rugby star Simon Shaw November 27, 2023 Martin Williams, founder of M Restaurant and owner of Gaucho, invites former England rugby player Simon Shaw for lunch at his newly refurbished Gaucho City
Johnson says no new restrictions needed as top scientist warns people with ‘sniffle’ to stay home December 6, 2021 Boris Johnson has today insisted no new restrictions are needed, despite warnings from a top Covid scientist that people with a “sniffle” should work from home. Johnson this morning said the UK had been “the first country in the world to take decisive measures to tackle Omicron” in the face of criticism that his government [...]
Mick Lynch: Only ‘sensible’ proposals will bring end to rail strikes January 2, 2023 Only “sensible” proposals will bring the ongoing rail dispute to an end, according to union leader Mick Lynch. After disrupting Christmas plans for millions of Britons, walkouts at Network Rail and 14 other operators will resume from tomorrow. Members of the union RMT will down tools on Tuesday, Wednesday as well as Friday and Saturday [...]
Is the bottom in? Markets rally following festive slump January 2, 2023 The colour of the crypto markets returned to shades of green this morning after spending much of the holiday season sporting a red hue.