Carpetright owed almost £350m when it collapsed into administration August 14, 2024 Carpetright owed almost £350m when it collapsed into administration with the loss of more than 1,500 jobs before being rescued, it has been revealed. The Essex-headquartered carpet and tiling retailer was acquired by rival Tapi in July in a move that saved the jobs of more than 300 people and 54 stores. At the time [...]
John Lewis to make redundancies as major store changes announced August 13, 2024 Department store giant John Lewis is to cut more than 150 jobs as it unveiled a major restructuring plan to its partners. The company is to reduce its headcount by 153 roles, about one per cent of its current workforce, which it hopes to achieve by natural attrition and voluntary redundancies. The news was first [...]
Inmotion Ventures: Jaguar Land Rover’s investment arm slips to loss after busy year August 12, 2024 Inmotion Ventures, the investment arm of Jaguar Land Rover (JLR), made a loss during its latest financial year after backing six new companies. The Coventry-headquartered business has posted a pre-tax loss of £2.6m for the year to March 31, 2024, newly-filed accounts with Companies House have revealed. The loss comes after Inmotion Ventures made a [...]
Whittard of Chelsea: UK popularity grows but international sales falter August 12, 2024 Whittard of Chelsea’s UK sales increased during its latest financial year but its international performance suffered in 2023, it has been revealed. The Oxfordshire-headquartered company has posted a turnover of £45.6m for 2023, up from £42.3m, according to newly-filed accounts with Companies House. The business also reported a pretax profit of £903,991, down from the [...]
Peloton loses almost £100m as UK arm sheds hundreds of jobs August 12, 2024 The UK arm of Peloton lost almost £100m and shed hundreds of jobs, it has been revealed. The London-headquartered division has posted a pre-tax loss of £98.1m for the 12 months to June 30, 2023, according to newly-filed accounts with Companies House. Peloton previously posted a pre-tax loss of £173.7m for its prior financial year. [...]
Britain’s paltry paternity leave is yet another thing pricing out parenthood August 10, 2024 Two weeks of paternity leave places Britain firmly near the bottom of fatherly league tables. It’s time to extend it, writes Cameron Smith After months of nervous anticipation for your first child’s arrival, the best-laid plans often go awry. As a new dad, you’ll listen closely to the birth plan your partner carefully arranges with [...]
Iceland sheds 1,000 jobs as sales pass £4bn and loss slashed August 6, 2024 Sales at supermarket giant Iceland passed the £4bn mark during its latest financial year as its pre-tax loss was slashed by more than £30m, according to newly-filed accounts. The Flintshire-headquartered chain has posted a revenue of £4.2bn for the year to March 29, 2024, up from the £3.9bn it reported during the prior 12 months. [...]
Life after prison: Battling homelessness and unemployment July 25, 2024 “People do come out of prison, that’s the whole point. So what’s next?” Lucy Kenningham speaks to ex-offender Jason Barnfather
Labour’s growth push continues with ‘fundamental’ welfare reform promised July 23, 2024 Liz Kendall, the work and pensions secretary, said that her department would become “a genuine department for work” as the new government attempts to tackle the rise in economic inactivity. “DWP has focused almost entirely on the benefits system, and specifically on implementing Universal Credit,” she said in a speech in Barnsley. “Nowhere near enough [...]
BBC to cut hundreds more jobs over next two years July 23, 2024 The BBC has announced plans to make a net reduction of 500 full-time roles over the next two years as it continues its move outside of London.