Typhoo Tea: How trespassers and losing £120m led to downfall of historic brand Retail Despite not making a profit since 2017, the management running Typhoo Tea had still been optimistic for 2024 just months before the historic brand crashed into administration. Writing in its latest accounts, the company’s directors stated they were “excited” for the 2024 financial year, proclaiming that “legacy issues have been largely dealt with and the [...]
Vauxhall owner Stellantis puts over 1,100 jobs at risk with plans to shut major factory Business The Dutch carmaker said it would instead consolidate electric van production at Ellesmere port in Cheshire, unveiling a £50m investment.
Youth unemployment is at a decade-high. Ignoring it will breed division Opinion Being left behind while others prosper creates fertile ground for extremism. So we can't afford to ignore youth unemployment, writes Russell Hobby.
Hellofresh puts 900 UK jobs at risk as major site set to be closed October 30, 2024 Hellofresh has revealed plans to close one of its major UK sites in a move which has put 900 jobs at risk. The recipe box delivery company has said the Nuneaton distribution centre would remain operational until the middle of 2025 if the proposals are approved. The 237,000 sqft building was Hellofresh’s second site when [...]
Recruiter SThree holds guidance despite ‘challenging’ market conditions September 24, 2024 SThree, the recruiter specialising in STEM fields, reported a six per cent contraction in its quarterly order book, which sits at £167m.
Hellofresh: Cuts to UK workforce significantly slashes loss September 13, 2024 The last time the UK arm of Hellofresh made a pre-tax profit was the £8m it reported in 2020. Since then it has lost almost £50m.
Bank of England gets the ‘green light’ for another rate cut following wage figures September 10, 2024 For the second month in a row the figures show that pay growth eased markedly even while unemployment edged lower.
JD Sports puts almost 200 jobs at risk as it moves to close major distribution centre September 10, 2024 Almost 200 jobs have been put at risk of redundancy after JD Sports confirmed plans to close one of its major distribution centres. The Greater Manchester-headquartered group, which is listed on the London Stock Exchange, is to shutter its location at Derby Commercial Park. The move comes after JD Sports penned a 20-year lease on [...]
Wage growth slows ‘markedly’ in a boost for the Bank of England September 10, 2024 Strong wage growth has been a concern for policymakers at the Bank of England due to fears that it could keep cost pressures elevated, particularly in the labour-intensive services sector.
More than 750 jobs at risk as Bakkavor set to axe major UK factory September 5, 2024 More than 750 jobs are at risk at the fresh food maker Bakkavor after the London-listed group said it would close one of its North West factories. The company, which is headquartered in London, said today it was looking at axing its Wigan facility after a review revealed it would need “significant investment” to continue [...]