John Lewis boss takes 20 per cent pay rise as retailer cuts jobs Retail The new chairman of John Lewis took a pay rise and bonus despite the retailer cutting thousands of jobs. Jason Tarry saw his basic pay rate increase by 21 per cent and took a two per cent bonus, despite his firm slashing more than 3,000 jobs last year. Tarry took the reins of the John [...]
Supermarket bosses meet Rachel Reeves amid dire food inflation warning Retail The bosses of some of the UK’s biggest supermarkets met Chancellor Rachel Reeves in emergency cost of living talks on Wednesday, amid warnings that food inflation could rise to double digits this year. Leading supermarkets including Tesco, Sainsbury’s and Morrisons attended Downing Street after efforts to gather industry bosses last week were abandoned amid concerns [...]
Gen Z still wants ESG Opinion There's still a case for purpose over profit, not least because our Gen Z business successors are demanding it, writes Natasha Frangos.
Reeves summons supermarket bosses again after snub March 31, 2026 Rachel Reeves has summoned supermarket bosses for a Downing Street meeting on Wednesday after being snubbed last week. The new meeting will be attended by executives at Sainsbury’s and Tesco but bosses at Asda, Aldi and John Lewis will miss out, supposedly due to diary clashes. The Chancellor hastily invited grocery executives to a meeting [...]
Unemployment is rising and top bosses want to do something about it March 25, 2026 Business giants have come together to find ways of hiring more people currently out of work as private sector bosses move to play a more active role in improving the state of the UK labour market. Company chiefs from the likes of BT, Shell, Marks & Spencer and Pret have joined a new, non-governmental ‘Employer [...]
Fevertree takes Environment Agency to court over green packaging tax March 24, 2026 Fevertree has launched a legal challenge against the Environment Agency over its application of a sustainability packaging tax, which is charged on glass bottles. The premium drink mixer brand claims the glass used in some of its products should be classified as non-household packaging and be exempted from the Extended Producer Responsibility (EPR) levy, and [...]
‘Digging a hole then filling it in’ – Labour to subsidise youth employment March 16, 2026 The Labour government is set to hand businesses cash to hire benefits claimants in a bid to lower the number of under-25s not in education, employment and training, otherwise referred to as ‘Neets’. Pat McFadden, the work and pension secretary, unveiled a new £3,000 subsidy scheme for employers taking on young people who have not been [...]
Nine in ten hospitality job switchers quit the sector March 13, 2026 Nine in ten workers in hospitality and tourism quit the sector altogether when they switch jobs, as the hiring “churn” drives costs and dampens the industry’s productivity. As many as 87 per cent of hospitality and tourism workers who quit jobs end up leaving the industry for good, while the exit rate stands at 82 [...]
John Lewis boss: Labour must keep pledge to reform business rates March 12, 2026 Labour must honour its manifesto promise to fundamentally reform the business rates system, John Lewis boss Jason Tarry has said. The retail chairman said the changes at last year’s Budget were positive for retail but offered a “short-term” fix to a system which unfairly disadvantages physical retailers as opposed to online shops. Chancellor Rachel Reeves [...]
John Lewis reinstates staff bonus but remains ‘cautious’ March 12, 2026 John Lewis has returned its staff bonus after years of its suspension, as the retail titan turned a profit but remains “cautious” in a testing retail environment. The partnership, which also owns Waitrose, made a £134m profit in the year to January 2025, up six per cent from the year before, and notched growing sales [...]