Bosses at Joules brace for ‘significant loss’ in pre-tax profit this year August 19, 2022 Bosses at retailer Joules are bracing for a “significant loss” in profit in the first half of this year, as inflation and the recent heatwave hit sales. While the company expects its finances to improve in the second half of the year, the board announced today, Joules is expected to report a pre-tax loss for [...]
Explainer: Tesco needs more than cheap milk to keep loyalty in the supermarket price war with Aldi and Lidl April 14, 2023 Tesco has had a rocky week. In the midst of a cost of living crisis, remaining loyal to businesses is tough, as the nation has been forced to favour being frugal over buying name brand goods. This revelation rang all too true for Tesco on Thursday, as Britain’s biggest supermarket reported its operating profit was [...]
British Airways owner IAG’s profits soar as leisure demand booms October 28, 2022 British Airways owner IAG is back in the black with a profit after tax of €853m (£736m), as leisure revenue has recovered to pre-pandemic glory. The London-listed firm swung into profit in its third quarter results – ahead of market expectations – after posting a 2021 loss of €574m. IAG’s overall passenger capacity plans are [...]
Childcare: Two in five mothers say high costs are still keeping them out of the workplace April 14, 2023 Two in five mothers feel prohibited from returning to work due to the high cost of childcare, even with Jeremy Hunt’s expanded childcare offering, a new survey of 2,000 mothers has revealed. “Nursery and childminder costs can swallow a huge chunk of new parents’ earnings, and with the current cost of living crisis squeezing every [...]
Currys commits to price freeze as full year profits jump July 7, 2022 Electrical retailer Currys committed to a price freeze on dozens of products today as it reported a jump in profits to £126m for the full year.
The iron grip of Whitehall-think of keeping Britain’s productivity down March 10, 2023 Jeremy Hunt needs to keep the ship steady, but he’s also missing an obvious trick to allow Britain to build up it’s depleted productivity again, writes John Dickie
Virgin Atlantic flies above aviation’s staff shortages in post-Covid re-hiring spree June 5, 2022 The boss of Virgin Atlantic has suggested the reason it has been left out of recent airport chaos is because it has been re-hiring at ease amid industry-wide staff shortages. Virgin Atlantic has been absent from half-term holiday headlines detailing long queues and cancelled flights, which chief executive Shai Weiss put down to its success [...]
Citizens Advice calls for better use of personal data to create social tariff March 8, 2023 The government should use Brits' personal data about income tax rates and energy usage to create a new social tariff, argues Citizens Advice.
Road tax ‘fairer and more popular than fuel duty’ May 15, 2022 SMF calls for fuel duty to overhauled, and suggest a levy based on miles driven, which would be 'fairer' and more 'popular'.
Half of Brits not received a pay rise in over a year despite inflation skyrocketing August 30, 2022 Nearly half of all UK workers have been waiting more than 12 months for a pay rise, as inflation hits 10.1 per cent. As the cost of living crisis puts pressure on household finances, research from Aspire – a recruitment agency – has found that 32 per cent of workers will look to change roles in the [...]