Debenhams to close 22 stores in 2020 as lenders warn of 1,200 job losses April 26, 2019 Debenhams revealed its store closure plan this morning, with up to 22 stores expected to be shuttered in 2020. Around 1,200 jobs are at risk due to the two Company Voluntary Arrangements (CVAs), one for property and one for retail, the company said today. Read more: Debenhams owners to outline plans to shut 20 stores The [...]
British Gas owner Centrica to axe 700 management jobs in UK June 19, 2019 British Gas owner Centrica has confirmed it will slash up to 700 management and back office roles in the UK as part of a previously announced wave of job cuts. The latest losses will count towards the 4,000 job cuts figure announced in February 2018, which Centrica intends to complete by 2020. Read more: British [...]
Inside Amazon’s Black Friday operations hub: How the e-commerce giant prepares for its busiest day of the year November 29, 2019 Where could be a better place to witness the behind-the-scenes impact of Black Friday than at the heart of Amazon’s UK warehouse operations? Some of the credit – or perhaps, blame – for the annual shopping event’s popularity in Britain surely lies with the US e-commerce giant. The fulfilment centre – which is the size [...]
British Airways strikes: Can I get a refund and is my flight affected? September 7, 2019 British Airways strikes are set to commence on Monday affecting as many as 1,600 flights next week and 280,000 customers. When are the British Airways strikes? Members of the British Airline Pilots’ Association (Balpa) are striking on Monday and Tuesday next week, with a further strike date set for 27 September. Read more: British Airways [...]
Marks & Spencer provokes Twitter storm with move to make Percy Pig sweets vegetarian-friendly May 1, 2019 Marks & Spencer customers have reacted with outrage to the British retailer's decision to remove gelatine from the longstanding recipe for its Percy Pig sweets. Although now suitable for vegetarians, the new recipe – introduced this month – has provoked a Twitter storm of anger, with the supermarket being condemned for altering the sweets, which it has sold since [...]
British Steel seeks further £75m loan from government to avert collapse May 14, 2019 Britain’s second-largest steel manufacturer is looking to Whitehall for a second emergency loan in a matter of weeks. British Steel today said it has asked the government for a support package, believed to be as much as £75m, citing “Brexit-related issues”. Little over a fortnight ago the company was handed £120m to pay an EU [...]
Chart: Departing CEO oversaw a 73 per cent drop in Centrica’s share price July 30, 2019 Iain Conn marked his departure from British-Gas owner Centrica this morning by slashing the dividend and launching an attack on the government’s energy price cap. The price cap was brought in at the start of 2019 to save consumers money. Read more: How long will luck last for Centrica’s 13% dividend yield? Conn said this [...]
Japanese PM Shinzo Abe says the ‘whole world’ wants to avoid a ‘no deal’ Brexit January 10, 2019 The “whole world” wants to see a ‘no deal’ Brexit avoided, according the Japanese Prime Minister Shinzo Abe. Flanking Theresa May at a press conference in Downing Street on Thursday evening, Abe dialled up the pressure on MPs planning to vote down the Brexit agreement. Around 1,000 companies in the UK are funded with Japanese [...]
Angry Beefeaters: Historic Royal Palaces staff may take to the picket lines after losing pension scheme November 29, 2018 Beefeaters from the Tower of London will vote tomorrow on whether to strike for the first time in more than 50 years in a row over pension cuts. The iconic guards, as well as Jewel House Wardens and other employees of Historic Royal Palaces (HRP) are set to lose their defined benefit pension schemes, and [...]
Bombardier slashes hundreds of Belfast jobs in cost cutting drive November 21, 2018 Aerospace manufacturer Bombardier is to axe 490 jobs in Belfast as it scrambles to cut costs and streamline its operations. The aerospace firm had indicated earlier this month that UK jobs may be at risk as it announced 5,000 worldwide redundancies, most of those in Canada, where it is based. Bombardier said following the announcement [...]