Rail strikes ‘cost £500m to the economy’ as Nightcap boss says action ‘decimating’ bars November 10, 2022 Ongoing railway strikes have cost the UK economy £500m this year, with businesses pleading with unions and bosses to find a solution to the disruption. “If we don’t get the services restored I’m worried people will give up on rail,” newly-appointed rail minister Huw Merriman told the Railway Industry Association’s conference on Thursday. “That would [...]
Appetite for high-emission foods growing as sustainability takes a back seat amid rising bills November 10, 2022 Brits are giving up on going green as over half of all consumers in the UK have ditched environmentally friendly products. This is largely due to the cost-of-living crisis as one in two Brits admit price is now significantly more important than health, sustainability and quality when it comes to the weekly food shop. Despite [...]
Exclusive: Premier Foods inks long-term partnership with food poverty charity FareShare November 10, 2022 One of the country’s biggest food manufacturers has said it has agreed to join forces with charity FareShare, to tackle hunger and food waste. Premier Foods has inked a five year partnership to provide food directly to FareShare, which will then redistribute the donations to almost 9,500 charities and community groups in its network. The [...]
Next boss laments not getting ‘Brexit I wanted’ and calls for migration changes to fill staff shortages November 10, 2022 The CEO of Next has implored ministers to ease rules for overseas workers wanting to come to the UK and said he did not get “the Brexit I wanted.” Lord Simon Wolfson reiterated previous pleas for the government to make it easier for workers to move to the UK to plug staff shortages across the [...]
Domino’s pins hopes on World Cup boost and Just Eat tie-up after VAT hit eats away sales November 10, 2022 Domino’s Pizza said this morning the company saw sales fall after a VAT hit and as it came up against last year’s boost from the Euro football tournament, but is eyeing a strong end to 2022 amid the upcoming World Cup. The UK and Ireland takeaway pizza giant saw like-for-like system sales, excluding so-called split [...]
Young’s declares City heartland back in business as pub sales up 11 per cent November 10, 2022 Pub operator Young’s has said its Square Mile sites are bustling with office workers and tourists once more, as it declares central London back in business. Sales in the City – which has seen hospitality venues hammered hard by home-working trends and Covid lockdowns in recent years – were up 11.1 per cent in recent [...]
B&M hopes to win long-term customers from shoppers trading down in economic crunch November 10, 2022 B&M has said it is optimistic that it would be able to retain the loyalty of shoppers who are switching to the discount retailer amid the economic downturn. The British-Luxembourg business said it was “well positioned” to reap the rewards of customers who were trading down in both grocery and non-grocery, against the backdrop of [...]
WH Smith swings back to profit as retailer eyes global expansion November 10, 2022 WH Smith is back in the black after footfall to airports and railway stations returned this year, following the opening up of society post-Covid. The high street staple posted group profit before tax of £63m for the year to the end of August, compared to a loss of £116m it booked the year previously. WH [...]
Next snaps up collapsed Made.com in £3.4m swoop November 9, 2022 NEXT snapped up the brand, domain names and intellectual property of Made.com for £3.4m in a prepack administration this morning, just 18 months after it made its £775m London debut. In a statement this morning, Made.com confirmed it had appointed administrators PwC to sell off its other assets and pay off its debts. Former chief [...]
City workers surprised by golden state coach in pre-dawn rehearsal for Lord Mayor’s Show November 9, 2022 City workers getting to the Square Mile in the early hours of this morning were surprised by a golden State coach during a rehearsal for the Lord Mayor’s show this weekend. The Lord Mayor’s golden coach made its way through the dimly-lit streets of the City of London pulled by six horses, and followed by [...]