Govt accused of ‘rank double standards’ as civil servants paid £30m in vouchers December 29, 2022 The Government has been accused of “rank double standards” after giving almost £30 million in high-street vouchers to civil servants amid a pay freeze prompted by the cost-of-living crisis. Sixteen Whitehall departments in 2021-22 paid out a combined total of £29.57 million to staff in the form of ‘reward and recognition’ vouchers, a third more [...]
Currys, Asos and Sainsbury’s top retail stocks this Christmas December 23, 2022 For investors looking to give their portfolios a seasonal shake-up, CityA.M. takes a look at analysts’ selections of the retail stocks to keep a close eye on in the coming weeks. Analysts at Hargreaves Lansdown chose Currys, Asos and Sainsbury’s as the three retail stocks to watch this Christmas. It comes as retailers have been [...]
Argo Blockchain gets Nasdaq notification for minimum bid price deficiency  December 16, 2022 Cryptocurrency mining firm Argo Blockchain has been notified by the Nasdaq stock exchange’s regulatory department that it has not met the minimum bid price as the closing bid remained below $1.00 for 30 consecutive days. According to Nasdaq rules, Argo has until 12 June 2023 to regain compliance with the minimum bid price requirement for [...]
World Cup fans flock to shops to buy TV screens and football Christmas decor December 9, 2022 Football fans have upgraded their screening set-ups ahead of England v France this weekend, with sales for televisions and projectors surging. The Three Lions are set to take on their rivals on Saturday evening, with shoppers rushing to upgrade their TV sets after England made it through to the showdown. High street stalwart John Lewis [...]
Black Friday: Cash-strapped shoppers look to snap up Christmas bargains before cutting back November 25, 2022 Cash-strapped shoppers will take advantage of Black Friday discounts this weekend as they try to make Christmas special, before tightening their belts as the UK enters into a recession. While retailers may see a temporary boost in sales this weekend, shoppers will pull forward Christmas spending rather than “buying twice” as in previous years, Hargreaves [...]
City Moves: Who’s switching jobs in the Square Mile? November 11, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Merkle Customer experience management company Merkle has bolstered its media practice with a new head of agency sales. Michael Butler, who joins from Essence after 11 years, has worked with some of the UK’s top brands such [...]
Sainsbury’s profits dip as supermarket giant battles to keep prices low November 3, 2022 Sainsbury’s has posted subdued half-year profits, after taking a hit to keep prices competitive for customers and boost pay for staff. The supermarket giant, which also owns Argos, said underlying pre-tax profit dipped eight per cent to £340m over the half-year to 17 September , compared with the same period last year. It had previously [...]
Sainsbury’s adds 18,000 Christmas jobs in hiring spree November 2, 2022 Supermarket giant Sainsbury’s has announced plans to hire 18,000 seasonal staff this year. The hiring spree includes 15,000 roles at Sainsbury’s, 2,000 at Argos and 1,000 in logistics. Temporary staff will work up until 7 January 2023 with roles including fixed term contracts of between three and 12 weeks. It comes as supermarkets are battling [...]
Shares tank 15 per cent for Argo Blockchain as it pens new crypto mining agreement October 7, 2022 Shares plunged nearly 15 per cent for Argo Blockchain after the cryptocurrency mining giant penned an agreement with an undisclosed party to host and operate mining machines at its Helios facility in Texas. Up to 32 megawatts of power capacity will be provided by the company, which is roughly enough to power over 10,000 mining machines. In [...]
Queen’s funeral: Drivers warned as Sainsbury’s, Tesco, Asda and Morrisons to shut forecourt petrol stations September 15, 2022 Drivers have been warned not to get caught out after supermarkets including Sainsbury’s, Tesco, Asda and Morrisons said they are closing their forecourt petrol stations on Monday for the Queen’s funeral. The retailers made the announcement today as many companies, including even Heathrow, curtail usual operations out of respect for the late monarch. “All Sainsbury’s [...]