Thousands of Tesco distribution workers to strike before Christmas as unions warn of empty shelves December 6, 2021 Thousands of disgruntled Tesco distribution workers across the country are to strike in the run-up to Christmas. Up to 5,000 Tesco workers in the Union of Shop, Distributive and Allied Workers (Usdaw) could take part in industrial action while some 1,200 workers in union Unite are also preparing to strike. Members of both unions are [...]
Exclusive: BDO’s managing partner on audit reforms, staffing issues and the company Christmas party December 3, 2021 This week accounting giant BDO saw its profits jump to over three quarters of a million pounds per partner, putting them ahead of their peers at rival firms EY and KPMG. At £760,000 per BDO partner, the firm leads the payout battle as EY partners were paid an average of £749,000 this year and KPMG [...]
Last-minute Christmas shoppers rush to central London as capital readies to slow down for the holidays December 24, 2021 Many Londoners rushed to Oxford Street and other major shopping districts in the capital this afternoon for their last-minute Christmas shopping, as the country readies to shut slow for Christmas Day tomorrow. Despite the army shoppers this afternoon, footfall in central London has dropped more rapidly than elsewhere in the country over the last week [...]
Asda sales dip as supermarket charters cargo ship to ensure Christmas stock availability November 29, 2021 Asda has reported a fall in underlying quarterly sales as it said it chartered its own cargo ship to ensure Christmas decorations and toys make it to UK shelves. The supermarket, owned by the billionaire Issa brothers and private equity firm TDR Capital, said like-for-like sales, excluding fuel, fell 0.7 per cent year-on-year in the [...]
’50 storeys of joy, hope and love’ as City skyscraper is lit up for NHS Christmas staff December 23, 2021 Concord London and Brookfield told City A.M. this evening they are lighting up the 50-storey Principal Tower which borders the City and Shoreditch, with a show of hearts for the many thousands of NHS workers who will be working and not with loved ones during this festive period. ’50 storeys of joy, hope and love’ will take place [...]
Hospitality sector ‘bleeding out’ with looming £1.5bn Christmas Eve rent bill December 21, 2021 A £1.5bn rent bill and the sudden drop in seasonal shopping means the hospitality sector faces a flood of bankruptcies in the new year, according to reports. The £1.5bn payment for rent is due on Christmas Eve, according to the Telegraph, which first reported the news. But a third of pubs, bars and restaurants have [...]
No comment from Tesco on takeover talk as it promises customers a good Christmas October 6, 2021 Tesco has denied its share buyback programme has anything to do with private equity takeover rumours. Following US private equity firm Clayton, Dubilier & Rice winning Morrisons at auction with a bid of £7bn, Tesco and Sainsbury’s have been singled out as next in line for a takeover. Tesco said it would purchase £500m of [...]
Shoppers are already panic buying frozen turkeys as Christmas shortage looms October 6, 2021 As a shortage of turkeys is looming this Christmas, shoppers are already buying frozen turkeys in a bid to avoid any potential disruption to their Christmas dinner, the boss of Tesco has said. The supermarket giant said it was confident of good product availability for Christmas but there could still be “bumps in the road” [...]
London hotels hope for a cracker Christmas as Covid recovery lags behind rest of country November 25, 2021 London hotels are still lagging behind in their Covid recovery compared to rivals elsewhere – but have reported strong festive bookings. The capital’s occupancy rates were 26 per cent behind pre-pandemic levels last month, as the sector continues to suffer from the slow return of international tourists and business travellers. Hotels are also facing a [...]
One in three Brits plans to stockpile food and drink this month for Christmas October 6, 2021 One third of consumers have already stockpiled food and drink items for Christmas, or are likely to before the end of the month. A survey from Lumina Intelligence found that more than half (56 per cent) of consumers were somewhat worried about media coverage of others stockpiling. 10 per cent said they were very worried. [...]