Why gender parity is still 70 years away despite two thirds of FTSE 350 company boards comprising of women February 28, 2023 The UK claims to be a world-leader for women’s representation on top company boards, with data revealing that 40.2 per cent of FTSE 350 board positions are now held by women. The findings were part of a report by the Government-backed FTSE Women Leaders Review, which is sponsored by Lloyds Banking Group and KPMG. Adopting [...]
Labour urges Boris Johnson to create minister to handle supply chain crisis September 4, 2021 Labour has urged prime minister Boris Johnson to create a fresh ministerial post to handle the intensifying supply chain crisis. Ed Miliband, shadow business secretary, accused the government of “falling asleep at the wheel” over mounting problems of scarcity of materials prompting many sectors of the UK economy to snarl up. The minister would oversee [...]
On a roll: Greggs upgrades profit forecast again as sales increase November 11, 2019 Greggs has upgraded its profit expectations for the year after the bakery chain reported boosted sales for its latest period. Total sales were up 12.4 per cent in the six weeks to 9 November while like-for-like sales in company-managed shops increased 8.3 per cent. Read more: Greggs is cooking up vegan versions of popular products [...]
Brexit disruption: Tesco chairman warns supermarket shelves could be empty at Christmas August 27, 2021 Supermarket shelves could be empty at Christmas due to food retailers grappling with severe Brexit-related supply chain issues, the chief of one of the UK’s largest supermarkets warned yesterday. John Allen, chairman of Tesco, told the BBC’s World at One programme that supermarkets are struggling to source stock ahead of the busy festive period as [...]
Lorry drivers’ wage growth surges more than seven times UK average as firms hike pay amid worker shortages August 26, 2021 Wages for lorry drivers are soaring as UK logistics businesses scramble to scale staffing levels to clear a swelling backlog of delivery orders, according to fresh figures published today. Research from job site Indeed shows salaries for driving jobs have surged more than seven times faster than the average wage growth recorded for all jobs [...]
Sales growth slows at Greggs as it warns of increased Brexit costs October 1, 2019 Sales growth at bakery chain Greggs slowed in the third quarter as it warned of tough comparatives and increased input costs because of Brexit. Greggs today posted a sales increase of 12.4 per cent for the 13 weeks to 28 September. Read more: Greggs upgrades outlook as sales rise on vegan sausage roll success Like-for-like [...]
British Gas owner Centrica still suffering from fall in electricity demand May 10, 2021 British Gas owner Centrica today said that the pandemic was continuing to heap pressure on its finances, with electricity demand down 15 per cent in the first quarter. The company’s quarterly residential boiler installations were also down 11 per cent compared to the same period in 2020, while non-essential visits were postponed due to Covid [...]
CBI chief calls for government to act urgently to clear worker shortages September 6, 2021 The chief of the Confederation of British Industry has urged the government to take drastic action to help clear severe worker shortages that have put the British economy in a vice. Tony Danker, director general at the CBI, urged the government to put HGV drivers on a list that exempts them from stricter post-Brexit immigration [...]
From Poll Tax to tampons and 10p rates: Historic U-turns that left governments red faced October 4, 2022 Kwasi Kwarteng was forced into a U-turn on plans to scrap the 45p tax rate yesterday, just ten days after announcing the proposal in his ‘mini-budget’. While undoubtedly embarrassing for the new Chancellor, he is by no means alone in having to rapidly rethink big Budget announcements. City A.M. caught up with AJ Bell head [...]
JD Wetherspoon hit by supply chain disruption as beers unavailable September 1, 2021 Pub goers hoping to order a pint of Carling or Coors have been left disappointed after JD Wetherspoon confirmed shortages of some products. The pub chain did not know how many sites had been impacted by beer shortages but said it was only aware of supply issues with Carling and Coors beers. Some customers have [...]