Labour MP leaves parliament for Sellafield, setting up by-election December 21, 2016 A Labour MP and critic Jeremy Corbyn’s leadership has gone for the nuclear option and announced he is to stand down from parliament, setting up a by-election. Jamie Reed is to quit as MP for Copeland in Cumbria at the end of January, moving on to become head of development and community relations at the [...]
Tesco fraud trial: Former chairman Sir Richard Broadbent gives evidence November 9, 2017 Former Tesco chairman Sir Richard Broadbent told a court yesterday of the pressure facing Tesco in 2014 which caused him to replace the company’s chief executive. As early as 2013, Broadbent told the jury, “you could tell results were beginning to show a downward trend”. He said he had taken the decision to find a [...]
Consumer spending cooled in December after post-Brexit spending spree January 10, 2017 Consumer spending cooled towards the end of 2016, pointing to a slowdown in Britain's spending spree following the Brexit vote. In October and November, consumer spending growth hit 5.5 per cent and 5.1 per cent respectively, according to Barclaycard. But this figure fell to four per cent growth year-on-year in December. Read more: Aldi bags [...]
John Lewis Partnership bonus 2016: Four charts showing just how generous it is and why staff are still celebrating despite it being cut to its lowest in years March 10, 2016 The bonus of staff working at high street favourite John Lewis and Waitrose is less than last year, but you'll still find them cheering that cut. They'll be taking home 10 per cent of their annual salary, amounting to a bonus pot totaling £145m, but that's less than last year and the third consecutive year it's been cut – so why the happy faces? [...]
Everything you need to know about Black Friday 2016 November 1, 2016 Black Friday 2016 is almost upon us. Falling on 25 November, this year's mega-deals day is already expected to exceed last year's sales bonanza. Already the rumour mill has started up, with deal tip sites suggesting plenty of bargains will be on offer from electricals specialists from Currys to Carphone Warehouse, while the big players Amazon, John Lewis [...]
Black Friday 2016: Customers of this lender are spending £32,000 a minute November 25, 2016 Nationwide card holders are spending £32,000 a minute in the Black Friday sales. The building society said that between midnight and 8:30am today customers had shelled out £16.3m, an increase on last year's spend. Read more: The best Black Friday deals on consoles and games More than 400,000 transactions have taken place – up 50 per cent [...]
Top business leaders are getting to work on making British industry digital to boost productivity and jobs February 1, 2017 It's full speed ahead for Britain's digital economy as top business leaders embark on ambitious plans to pull industry into the modern age and position itself at the forefront of the fourth industrial revolution. Increasing productivity and creating highly-skilled jobs will be the focus of the ambitious new plan to put digital technology, such as artificial [...]
John Lewis hails record-breaking Black Friday week December 4, 2015 John Lewis has reported the best week of trading in its 151-year history, as frenzied demand for the latest wearable technology, toys and televisions over the Black Friday helped the retailer smash last year’s record. The department store group said it racked up £187.7m of sales in the week ending 28 November, which was up [...]
Shoppers spent over £2bn using Visa cards on Black Friday November 29, 2016 UK shoppers spent more than £2bn using Visa cards on Black Friday this year. The figure was up 13 per cent on last year's, and half of the spend was made online. Visa said that there has also been a strong uptake in contactless payments, across all age groups. Among those aged between 55 and [...]
A Lidl competition: Aldi becomes the highest-paying supermarket in the UK January 5, 2017 Aldi has given its employees a late Christmas present as it unveiled new pay rates this morning – and boasted that the new deal will make it the highest-paying employer in the supermarket sector. The supermarket is known for offering the cheapest groceries in the UK, but is now insisting it won't settle for a [...]