Tesco is removing 1,700 deputy managers from its stores February 27, 2017 Around 1,700 Tesco employees face an uncertain future as the business eliminates a layer of management and replaces the jobs with lower-paid roles. The UK's biggest supermarket is replacing deputy managers in its "Express" convenience stores and creating 3,300 new, lower-paid "shift leader" jobs. Read more: Why Tesco could be better off leaving Booker on the shelf [...]
Sainsbury’s (SBRY) share price soars after confirming Asda merger proposal will lead to price cuts of around 10 per cent April 30, 2018 Sainsbury’s this morning provided more detail on its plans to merge with Asda, after reporting a return to growth with full-year profit before tax up 1.4 per cent to £589m. Shares in the supermarket soared in early trading after the tie-up proposal was confirmed, up more than 16 per cent in early trading. The combination [...]
Gender pay gap: Royal Bank of Scotland Group (RBS) pays women 37 per cent less than men February 23, 2018 Royal Bank of Scotland Group may have announced its first annual profit in a decade this morning, but it wasn’t all good news for the state-backed lender. RBS said it pays women about 37 per cent less than men on average, largely due to men holding more senior roles. The bank announced that women held [...]
Tesco returns nearly £10m to 140,000 employees after payroll error March 9, 2017 The UK's biggest supermarket will return nearly £10m to 140,000 current and former staff after discovering a payroll error that meant they did not receive the national minimum wage. Tesco said the payments will be up to £40 for each of the employees affected, and that they will be handing out the payments by the end [...]
Why Tesco could be better off leaving Booker on the shelf February 1, 2017 The stock market’s initial reaction to takeover deals can often be a poor indicator of how those deals work out. Just look at the market’s sceptical response to Sainsbury’s purchase of Argos owner Home Retail Group as a recent example. Now we have another unexpected deal in the supermarket sector with Tesco bidding to take [...]
Take Pride in your work: representation in advertising isn’t just about ‘pinkwashing’ July 2, 2018 REPRESENTATION matters. Advertising is a constant presence in our everyday lives, but for people in minority groups, it’s not a given that they will see themselves depicted in the media. Take the LGBTQ community. Seven per cent of the UK population identify as lesbian, gay, bisexual, transgender, or otherwise queer, according to the Stonewall charity. [...]
Pride and the LGBTQ: Why representation in advertising isn’t just about “pinkwashing” July 2, 2018 Representation matters. Advertising is a constant presence in our everyday lives, but for people in minority groups, it’s not a given that they will see themselves depicted in the media. Take the LGBTQ community. Seven per cent of the UK population identify as lesbian, gay, bisexual, transgender, or otherwise queer, according to the Stonewall charity. [...]
The City’s Pret employees celebrate £1,000 bonus after JAB Holdings takeover May 29, 2018 Pret A Manger employees in the City today celebrated news that they would be receiving a £1,000 bonus after the company announced it will be acquired by German conglomerate JAB Holdings. “I only just heard,” said Mohamed Naim, 19, who works at a store on Fenchurch Street. “I still can’t believe it. It’s a bit [...]
Podcast: Dunnhumby founder Edwina Dunn on Tesco Clubcard, selling up – and International Women’s Day March 8, 2017 Edwina Dunn is one half of the husband-and-wife team which created the Tesco Clubcard and revolutionised loyalty schemes everywhere. After the pair made more than £100m through the sale of their marketing firm, Dunnhumby, to Tesco in 2010, Dunn is back with a new project: The Female Lead. On International Women's Day, she talks about what inspires [...]
How FMCG giants can beat the challengers June 18, 2018 It is not a good time to be a fast-moving consumer goods (FMCG) giant. The old certainties of rising incomes, abundant retail space, and established marketing techniques are fast vanishing, and the pressure is on. According to the 2017 edition of the FMCG Global 50 from OC&C Strategy Consultants: “Revenue growth for the Global 50 [...]