Storm brewing at Tetley Tea as workers vote on strike July 27, 2023 Workers at Tetley Tea have threatened strike action if a ballot by the GMB union passes in a move that could see 150 workers walk out from 3 August, threatening supplies of one of the nation’s favourite tea brands. A majority of 88 per cent of GMB members at Tata Consumer Products, based in Teesside, [...]
The Notebook: Emma-Lou Montgomery on retail’s not so cheery Christmas December 4, 2023 Where the City's movers and shakers get a few things off their chests. Today, Emma-Lou Montgomery, financial commentator at Fidelity, takes the pen.
FTSE 100 close: London sinks into the red as shares in St James’s Place crash, Reckitt and Taylor Wimpey fall February 28, 2024 Shares in St James Place plummeted after it slashed its dividend and warned that costs connected to complaints would be a drag on growth in the coming year.
London’s priciest mansions struggle to sell as luxury property market faces change December 7, 2023 Economic headwinds are taking a toll on the two priciest mansions in London, reports suggest, as the luxury property market continues to adapt. The two properties – Rutland Gate and The Holme – are on the market with a combined listing of £475m. A person familiar with the matter told Bloomberg that founder of real [...]
Tesco UK chief steps down as Britain’s biggest supermarket brings in former Aldi top exec October 26, 2023 Tesco’s UK division will bring in a senior executive from challenger grocer Aldi, following the departure of its veteran chief. Britain’s biggest supermarket said Matthew Barnes will take over after Jason Tarry today announced his upcoming departure today, following 33 years with the company. Tarry, who has been at the top for six years, will [...]
Digital training programme for businesses launched in latest push for growth February 22, 2024 The latest UK government-funded programme to boost small business growth will give London entrepreneurs free access to digital training and tools until 2025.
Watches of Switzerland: Rolex seller ‘cautiously optimistic’ as it posts modest growth amid ‘rich-session’ May 16, 2024 Watches of Switzerland, the British retailer which sells the likes of Rolex and Tag Heuer watches, said it was “cautiously optimistic” about trading over the next financial year as the firm reports modest growth.
400 jobs saved in Dirty Martini deal June 13, 2023 Some 400 hospitality jobs have been saved thanks to Night Cap bar group’s acquisition of Dirty Martini and Tuttons Brasserie following a pre-pack administration sale for close to £5m. The deal includes five Dirty Martini bars in London and five across Birmingham, Bristol, Leeds, Manchester and Cardiff. Tuttons Brasserie, a restaurant in Covent Garden, which [...]
Sweeping powers to hike broadband bills must be stopped August 24, 2023 Consumer group Which? has accused Virgin Media of 'breaking the law' with new price increases.
Hotel Chocolat shares plummet 13 per cent after profit warning on flagging consumer sentiment June 23, 2023 Hotel Chocolat shares have plummeted by around 12 per cent as the premium brand is expected to be back in the red. The retailer, which has fallen victim to cash-strapped Brits cutting back on luxuries, said it now anticipates revenue of £201.8m and underlying profit before tax of £0.3m for the 2023 financial year. It [...]