Do FTSE 100 bosses need more money? May 23, 2023 A debate is raging in the Square Mile over how much executives are paid - do UK firms need to pay more money to attract the best talent?
Brexit-supporting Newark in shock as largest employer shuts up shop and heads for mainland Europe April 21, 2022 Local media and residents in the English town of Newark, as well as its local MP Robert Jenrick, are said to be shocked and disappointed by the decision of food producer Goodlife Foods to shut up shop and move its entire production to mainland Europe. The decision is likely to result in around 110 job [...]
How should Waitrose move on as Ocado deal comes to an end? February 12, 2020 Supermarket chain Waitrose has announced an overhaul of its products and a new advertising campaign to retain customers this summer when its deal with delivery provider Ocado comes to an end. Ocado’s partnership with Waitrose comes to an end in August, and a new deal with Marks & Spencer will be delivered shortly after. As [...]
London is triumphing over its reputation as the weird cousin of US tech successes December 15, 2022 Next year will mark twenty-five years since the dot.com boom that took place between 1998 and 2001. It was a time of huge creativity. Capital, talent and enthusiasm flowed into new ideas and young start-ups. What can London in 2023 learn from those heady days? We were there in 1998 with the lofty ambition of [...]
Ocado retains crown as Britain’s fastest-growing supermarket February 4, 2020 Ocado has retained its position as Britain’s fastest growing supermarket, with the online grocer achieving its quickest growth in the North of England. Ocado’s overall sales grew 11.2 per cent year-on-year during the quarter, with its market share rising 0.2 percentage points, according to data from Kantar. While over half of the grocer’s sales come [...]
London markets whacked by AO World tumbling on supply chain profit hit November 23, 2021 Supply chain snarl ups and soaring costs have whacked AO World’s profits, sending the online electricals retailer’s shares tumbling, dragging the mid-cap FTSE 250 down with it this morning. In the first hour of trading, London markets plunged into the red, with the capital’s premier FTSE 100 index dropping 0.59 per cent to 7,212.35 points, [...]
When is the Bank of England interest rate decision and what is going to happen? March 23, 2023 The Bank of England is going to deliver its interest rate decision today against the backdrop of a shock rise in inflation and a now becalmed banking mini-crisis. Before Wednesday’s surprise increase in inflation to 10.4 per cent, there was speculation about whether the Bank’s decision making body, the Monetary Policy Committee (MPC) would raise [...]
No, it’s not sci-fi. Robots really could help dig us out of our low productivity spiral October 25, 2022 Earlier this month, a robot named Ai-Da gave evidence to the House of Lords on the future of the creative industries. The members of the Lords Communications and Digital committee were fairly quite stumped. For all its weirdness, this episode proved a point: robots are among us. When thinking of robots, many of us imagine [...]
Ocado falls to £215m loss after Andover warehouse fire February 11, 2020 Online supermarket Ocado fell to a £214.5m loss last year, which the company blamed on a huge fire which burned down one of its warehouses in Andover last February. The figures Group revenue rose 9.9 per cent in the year, up from £1.6bn in 2018 to £1.8bn this year. This was largely driven by 10.3 [...]
London markets open flat as travel sector rally loses steam January 5, 2022 London markets posted a mixed performance yesterday as a rally among travel and airline stocks lost some steam. The capital’s premier FTSE 100 index closed 0.16 per cent higher at 7,516.87 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the UK economy, lost 0.53 per cent to finish [...]