Amazon, NHS, Google, Tesco or Apple perhaps: These are the companies we want to work for the most January 22, 2022 As we all have differing dreams and ambitions, the organisation we want to work for can vary. S ome of us are motivated by working in sectors that offer the most financial gain, whereas others are interested in jobs that can make a real difference in the world. But is there a particular organisation that [...]
Mounting Bank of England rate hike speculation weighs on London markets November 16, 2021 Mounting speculation that strong jobs figures will coax the Bank of England into hiking interest rates next month weighed on London markets this morning. The capital’s FTSE 100 index pulled back 0.16 per cent to 7,340.28 points, while the mid-cap FTSE 250 lost 0.10 per cent to dip to 23,598.73 points. Experts are stepping up [...]
Shoppers opted for premium products this Christmas as grocery inflation hit 3.5 per cent January 5, 2022 Grocery sales hit £11.7bn over the Christmas period, as shoppers were keen to make the most of the festive period after Covid restrictions hampered celebrations last year. Shoppers spent record amounts on supermarkets’ premium own brand products, with £627m spent on pricier items over the four weeks to 26 December. This was an increase of [...]
New York-based Apollo Global Management mulls buyout of Marks & Spencer November 22, 2021 Private equity giant Apollo Global Management is reportedly mulling a buyout of UK high street staple Marks & Spencer.
Supermarket sales slow over Easter as Brits start to cut back on grocery purchases May 4, 2022 Supermarket sales slowed last month as spending habits returned to normal after pandemic restrictions. Households are tightening their purse strings after the first tranche of higher bills hit budgets this spring while spending habits are also normalising after the easing of lockdown restrictions. Shoppers added slightly fewer items to their baskets over the last four [...]
1 in 15 customer service staff have faced death threats as businesses call for better treatment December 8, 2021 Retail staff have said customer abuse has become more aggressive after the shops were hit by stock and labour shortages this year. The Institute of Customer Service, alongside bosses from household names including Marks and Spencers, Sainsbury’s and Wickes, has signed an open letter calling for better treatment of customer service staff. Workers fear abuse [...]
Theo Paphitis: Dragons’ Den star says the high street is going nowhere and neither is he June 14, 2022 Theo Paphitis is not in any hurry to hang up his boots. After decades running the show at companies from lingerie to stationery firms, one might be mistaken for thinking the Dragons’ Den star, retail titan and former Millwall chairman may be mulling a change of pace. However, Paphitis tells City A.M. he has “a [...]
Sainsbury’s tells staff to delay Christmas parties until next year as UK Omicron cases top 300 December 6, 2021 Sainsbury’s staff have been asked to delay their Christmas get-togethers until next year amid fears of staff shortages. The request came following the return of mask rules to shops and public transport networks last week, following the arrival of new coronavirus variant Omicron in the UK. “We have asked all of our teams to postpone [...]
Shortages saga: A third of UK mid-size firms forced to slim down offerings October 4, 2021 With the UK’s supply chains riddled with labour shortages and continued Covid-19-related hang-ups, a third of mid-size firms have been forced to reduce their offering. More than 34 per cent of businesses already trimmed their product lines and services by mid-September – before the fuel crisis had gripped the nation, according to accountancy firm BDO. [...]
Asda rolls out one-hour home delivery service across 96 stores October 8, 2021 Asda said this morning it is planning to extend its one-hour express delivery service to 96 stores following a successful trial over the summer. The service gives customers access to Asda’s full online range of more than 30,000 grocery products for delivery within the hour if they live within a three-mile radius of a store [...]