The Notebook: Giles Kenningham on improving Rugby’s fortunes, banning the bots and the renewable investment boom February 28, 2023 The Notebook is a place for interesting people to say interesting things. Today, it’s Giles Kenningham, founder of Trafalgar Strategy.
Sainsbury’s: Up to 1,400 jobs could go as overhaul leads to the closure of two depots in Manchester and Essex February 28, 2023 Sainsbury’s has revealed plans to close two Argos depots over the next three years as part an overhaul that expected to impact more than 1,400 jobs. The supermarket giant has confirmed it is aiming to shut its Argos warehouse in Basildon, Essex, and a depot in Heywood, Greater Manchester, by 2026. It said 1,400 jobs [...]
B&M to close four more stores but warns it has ‘nothing to do’ with diminishing high street February 28, 2023 B&M is closing more stores across Britain in the coming weeks, however the discount retailer has warned that it is “nothing to do with the diminishing highstreet”. The retailer, which sells home goods and electronics, will close four stores in total across the UK – having previously announced the closure of two sites. According to [...]
Renters’ protection on the cards as competition watchdog launches probe into housing malpractice and land ‘banking’ February 28, 2023 Housing tenants could be given extra protections and housebuilders forced to change their practices, the competition watchdog has warned. The Competition and Markets Authority (CMA) has announced a probe into the building and rental sectors, saying it would “need to find” any competition issues that might be holding back house building in the UK. “The [...]
‘Total Coke addict’ Rishi Sunak says he’s cut down to drinking one a week February 28, 2023 Rishi Sunak insisted he has cut down to drinking one Coke a week as he visited a Coca-Cola bottling plant. The Prime Minister previously revealed he had a particular taste for Coca-Cola, describing himself as a “total Coke addict” in an interview with two school children in 2019, and that it left him with seven [...]
Fintech ‘innovation hubs’ set to launch around the UK in levelling up push February 28, 2023 A host of “innovation hubs” are set to be launched in cities across the UK today as part of a Treasury-backed plans to boost the growth of fintech beyond London. The hubs have been announced as part of the launch of the new Centre for Finance, Innovation and Technology (CFIT), a key recommendation of the [...]
Ocado not for you: Three reasons why online grocer’s results may not be as bad as they seem February 28, 2023 Ocado’s crown as the online food retailer which keeps the middle classes stocked in organic essentials has been threatening to slip for a while now. As one of the companies which sits at the ‘higher-end’ of the online supermarket price point the rising cost of living, not to mention higher mortgage interest rates, was expected [...]
Travis Perkins: Toolstation owner slashed 400 jobs and 19 branches as slowdown hit construction sector February 28, 2023 Builders’ merchant Travis Perkins has revealed it axed 400 jobs and shut 19 branches at the end of last year as a slowdown in the construction sector hit its bottom line. The group, which owns the Toolstation chain, said it was forced to take some “difficult decisions” to slash costs by £25 million this year. [...]
Christmas comes early: PayPoint swoops on savings club Appreciate in £83m ‘earnings enhancing’ deal February 28, 2023 PayPoint has completed its acquisition of Christmas vouchers firm Appreciate Group. The two companies agreed the £83m deal last November and the boards have now finalised the buy-out agreement. The deal with PayPoint, which allows Brits to pay bills at 28,000 convenience stores across the country, involves the incorporation of some of Appreciate Group’s board [...]
Man Group bucks investor exodus trend with £2.57bn inflows February 28, 2023 Man Group said investors pumped £2.57bn ($3.1bn) into its funds last year as it bucked an industry-wide investor exodus that has rocked many of its peers. In its full year results today, the London-listed asset manager said flows into its funds had sailed past analysts estimate and topped the industry average by 5.3 per cent, [...]