Deliveroo slashes sales forecast as cost of living bites July 18, 2022 Deliveroo slashed its sales forecasts today as it predicted the rising cost of living would lead to a slowdown in consumer spending this year.
Fever-Tree boss snaps up £1m worth of shares as tonic maker slashes profit guidance July 17, 2022 The boss behind tonic-maker Fever-Tree has coughed up more than £1m on shares after the firm suffered a huge blow last week. A concerning profit warning meant the London-listed company’s stock crashed by some 26 per cent late last week. Now, chief executive Tim Warrillow has bought 115,000 shares at 870.8p each while Fever-Tree’s chairman [...]
Taste the rainbow: Skittles ‘unfit for human consumption’, lawsuit claims July 17, 2022 Lawyers have claimed that Skittles are “unfit for human consumption”, alleging that the sweets contain a toxin called titanium dioxide. A lawsuit filed late last week in a northern California federal court against Mars Inc has sought class-action status. Skittles fans are “at heightened risk of a host of health effects for which they were [...]
Next apologises to staff for underpaying them for months after payroll malfunction July 17, 2022 Next has apologised to staff who have been underpaid for several months after a new IT system malfunctioned. Staff have been underpaid for months after payroll functions were outsourced to the US tech firm Oracle in February, according to The Sunday Times. The London-listed firm has been trying to solve the error for months, with [...]
M&S removes best before dates as 6.6m tonnes of food waste thrown away by households per year July 17, 2022 M&S will get rid of best before dates on hundreds of fresh produce in an endeavour to slash food waste in stores and households. The supermarket said it would remove best before dates from the labelling on more than 300 fruit and vegetable packages. Dates are to be replaced with a new code that shop [...]
Sale brewing? Starbucks considers disposal of 300-store strong UK operation July 17, 2022 Coffee giant Starbucks is mulling a possible sale of its UK operations against a backdrop of tough macroeconomic conditions. The global coffee titan had requested adviser and investment bank Houlihan Lokey to scout for interest in its UK arm, according to a report in The Sunday Times. Some 300 stores within Starbucks’ 1,000-shop strong UK [...]
Fast fashion: Mike Ashley’s retail behemoth Frasers Group eyes I Saw It First July 17, 2022 Mike Ashley’s retail empire may make a swoop for I Saw It First, an online fast-fashion brand owned by Boohoo founder Jalal Kamani. According to a report in The Telegraph, Frasers Group could add I Saw It First to its list of retail takeovers within a matter of weeks. The Telegraph’s sources told the newspaper [...]
Brits turn to ice cream, paddling pools, BBQs and fans as temperatures set to break record today July 17, 2022 Sales of paddling pools and fans are soaring and ice cream is set to break a record for the amount bought in a single week as Brits prepare for more heat with temperatures continuing to rise. With an “amber” extreme heat warning in place for much of England and Wales today, tomorrow and Tuesday, Tesco [...]
Heatwave: Extreme Red warning announced as temperatures to fetch record-breaking 40c next week July 15, 2022 The UK Met Office has issued a red extreme heat warning as temperatures of 40c are forecast for the first time. The move comes ahead of forecasts that next week on Monday and Tuesday it is expected to reach between 38 and 40 degrees. The record temperature for the UK is 38.7C reached in 2019. [...]
Amazon goes on UK hiring spree as e-com giant creates 4,000 new jobs July 15, 2022 Amazon has gone on a hiring spree in the UK, creating more than 4,000 permanent jobs this year. Spread across the UK, the new jobs will include positions at the Wakefield and Knowsley new fulfilment centres, where staff pack and ship orders. Corporate and technology as well as product management and software development jobs will [...]