Rishi Sunak preparing more help for families facing rising energy bills March 13, 2022 Rishi Sunak is reportedly drawing up plans to provide more financial help to families facing further increases in energy bills in the wake of the Russo-Ukraine war. The chancellor is expected to outline details of a two-stage intervention to ease the cost of living crisis during his spring statement on 23 March, according to the [...]
Top dog: Pets at Home appoints Lyssa McGowan as chief executive February 7, 2022 Pets at Home has poached its new chief executive Lyssa McGowan from Sky UK with the offer of a £580,000 salary.
Growth slows for pest-control firm Rentokil following acquisition boom April 21, 2022 Pest-control firm Rentokil posted nearly two per cent of revenue growth this morning to £722m. Pest Control delivered organic growth of 5.5 per cent in the first quarter with all regions in positive growth. Ongoing Revenue in the Growth and Emerging markets grew by 10.9 per cent and 13.6 per cent respectively. Customer retention was [...]
Morrisons loses ‘use-by’ date to fight food waste January 10, 2022 Morrisons has announced it will lose the ‘use-by’ date from 90 per cent of its milk bottles as a way to better fight food waste. Instead of abiding by the ‘use-by date’, from the end of January the supermarket chain will ask customers to sniff the milk and see if it’s still drinkable, urging shoppers [...]
Consumer confidence resilient in June despite freedom day delay June 25, 2021 Consumer confidence remained resilient despite a delay to a lifting of the remaining lockdown restrictions in the UK, a closely watched survey has revealed. Data from GfK shows overall consumer confidence remained unchanged over the last month at minus nine in June 2021. But, this is up significantly from minus 30 in June last year. [...]
A recession will tempt firms into short-term cuts and sacrifice of future growth July 6, 2022 Throughout the history of recessions and periods of high inflation, when businesses have felt compelled to cut back to protect their margins, they’ve often looked at marketing spend with a raised eyebrow. It’s usually one of the biggest line items and certainly one of the easiest to cut. It’s a deep shame, therefore, it has [...]
Money and mental health czar Richard Lloyd named FCA boss while search for Charles Randell successor kicks off February 4, 2022 The Treasury announced this afternoon that they have started the search for the next Chair of the FCA. While the search for Charles Randell’s permanent successor kicks off, Richard Lloyd OBE will act as interim chair of the FCA from 1 June, with Aidene Walsh will become interim chair of the PSR from 1 April. Richard Lloyd [...]
‘Wind power, not windfall taxes,’ says energy sector to incoming PM Rishi Sunak October 25, 2022 Industry bodies across the energy sector urged incoming Prime Minister Rishi Sunak to boost domestic energy and not bring in new taxes.
Virgin Money UK reports profit boost thanks to rising interest rates and unsecured lending May 5, 2022 Virgin Money UK posted a boom compared to 2021 figures, with underlying profit increasing 58 per cent to £388m, reflecting stronger income.
UK consumers ‘left in the dark’ over post-Brexit trade deals October 6, 2021 More than two-thirds of UK consumers feel left in the dark about post-Brexit trade deals amid public concerns the government is failing to take into account key consumer concerns. According to a survey published today, the majority of the British public is concerned that the government is not providing enough information on trade negotiations, with [...]