Coca-Cola HBC reports strong growth despite fluctuating volumes in Russia and Ukraine October 31, 2023 Chief executive Zoran Bogdanovic said the company continues to invest in its future with a "clear" focus.
Reform business rates to keep food prices low, retail sector warns October 31, 2023 The rate at which food prices are increasing sank to its lowest level since last summer this month, as sector heads make fresh calls to the government to slash business rates to ensure the deceleration continues. According to the latest reading from the British Retail Consortium (BRC) food inflation came in at 8.8 per cent [...]
Shazam founder warns retailers to embrace AI – or lose out October 31, 2023 A founder of Shazam has said businesses must deploy AI in online shopping, or risk losing out to the likes of Amazon.
‘A few people tried to talk me out of it’: The Deutsche Bank analyst who opened up thriving Farmer J lunch chain October 31, 2023 Farmer J is on track to hit sales of c.£17m in 2023 and it has plans to open six more site launches next year.
Small business confidence grows — but it’s still stuck in negative territory October 30, 2023 Small business confidence has not been in positive territory since last year
Evri pays £8m in backdated pensions payments as profits slump October 30, 2023 Delivery service Evri, formerly known as Hermes, paid more than £8m pounds in backdated pensions payments to thousands of its self-employed workers, following pressure from the pensions watchdog and GMB Union to enrol them into pension schemes. The watchdog, alongside workers union GMB, has been encouraging gig economy companies – such as Evri – to [...]
Mike Ashley’s Frasers offloads Missguided to Shein just one year after acquisition October 30, 2023 Frasers Group will retain Missguided’s real estate and employees which have already been blended into the Sports Direct owners fashion division.
Are UK restaurants struggling to ‘keep their heads above water?’ October 30, 2023 A combination of "pressures" could be to blame for struggling UK restaurants, noted associate director at Mazars Paul Maloney.
Better pay and conditions needed for night workers – TUC October 28, 2023 Black and ethnic minority (BME) workers are “significantly more likely” than white workers to do regular night work, new research suggests. Around one in seven BME workers work nights compared to one in 11 white workers, said the TUC, adding that it was evidence of “structural racism”. The union organisation said night work is routinely [...]
Could Asos be set to offload Topshop? October 28, 2023 Asos, the ailing online fashion retailer, is exploring a sale of Topshop, less than three years after it acquired the high street brand from Philip Green’s collapsed Arcadia empire. Notice of the sale could be announced as soon as Wednesday in conjunction with the digital retailers full year results, which Asos said have been pushed [...]