Primark set to reject Treasury’s furlough bonus payment July 12, 2020 Primark will reportedly reject a £30m bonus handout unveiled in the Chancellor’s summer statement. The retailer has said it will not claim the £1,000 payment for every worker it brings back from furlough, according to the Sunday Times. Last night gambling firm William Hill also reportedly indicated it would also reject the furlough bonuses worth [...]
When Is A Solution Not A Solution? Navigating The Complexities Of Sustainability April 16, 2024 Defining what constitutes a genuine solution can feel like a tricky endeavour as businesses strive towards sustainability. As stakeholders become increasingly aware of sustainability issues, they naturally scrutinise claims more closely. The boundaries between impactful environmental actions, economic considerations, social impact, and mere greenwashing are often blurred, raising concerns about efficacy, unintended consequences, and ethical [...]
420: Should you invest your green in the cannabis industry? April 20, 2024 The global cannabis industry is going through a growth spurt in April, with green shoots popping up across the world.
Primark owner shares surge as traders welcome ‘encouraging’ reopening July 2, 2020 Shares in Primark owner ABF jumped 4.5 per cent this morning after the firm issued a positive trading update over its chances of bouncing back from the coronavirus pandemic. Although group revenue at Associated British Foods (ABF) dropped 39 per cent in the third quarter, led by a collapse in sales at high street fashion [...]
H&M slashes 1,500 jobs as shoppers pull back on fashion spending November 30, 2022 The world’s second largest fashion retailer has announced a wave of lay-offs as the apparel sector grapples with weakening demand from shoppers. The Swedish apparel giant said around 1,500 job cuts come as part of a plan set out earlier this autumn to save around 2bn Swedish crowns (£160m) each year. “We are in a [...]
FTSE 100 hoisted by investors pouring into retailers ahead of Black Friday November 24, 2022 London’s FTSE 100 was bumped higher today by investors heading into retailers ahead of Black Friday today. The capital’s premier index inched 0.02 per cent higher to close at 7,466.60 points, while the domestically-focused mid-cap FTSE 250 index, which is more responsive to the health of the UK economy, jumped 0.2 per cent to 19,540.34 [...]
John Lewis to join Primark in rejecting government jobs retention bonus July 13, 2020 Department store chain John Lewis is expected to join Primark in rejecting the government’s offer of a job retention bonus. The chancellor last week announced that firms could claim a £1,000 bonus for each worker they bring back from furlough and continue to employ until at least January. John Lewis, which last week announced the [...]
Revenue surges to £4bn for outsource giant Mitie thanks to new contract wins June 9, 2022 Outsource company Mitie recorded a 58 per cent revenue boost of £2.5bn thanks new contract wins, as well as good growth at Interserve Facilities Management.
FTSE 100 closes higher despite yet more recession signals November 23, 2022 London’s FTSE 100 finished higher today despite yet more data signalling the UK is on a one ticket to recession. The capital’s premier index climbed 0.17 per cent to 7,465.24 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.4 per cent to 19,500.5 [...]
Why Greggs is beating Pret in the battle of the lunch break May 30, 2024 While Pret has failed to commit to any real market position, Greggs is reaping the rewards of building an irreverent and loyal fanbase, says Dougie Hastings There’s an old saying in London – you’re never more than 6ft from a rat and 50m from a Pret a Manger. But the popular high street sandwich chain [...]