Amazon ups Stateside pay for frontline workers as union pressure mounts in UK September 29, 2022 Amazon has agreed to boost the average pay of frontline workers in the US, adding increasing pressure on the firm this side of the Atlantic to bolster pay. The e-commerce giant said it would boost salaries from $18 to $19 (£16.60 to £17.60) per hour, while transportation teams would earn between $16 and $26 an [...]
Co-op profits hammered as challenges not expected to abate in second half September 29, 2022 Co-op profits have taken a dent in the first half of this year, with bosses describing a “highly challenging economic backdrop.” The retailer posted underlying EBITDA of £218m, with earnings subdued compared to the year prior when Co-op posted £248m for the first half of 2021. With arms spanning grocery, funeral, insurance and legal businesses, Co-op’s [...]
Mitchells & Butlers sounds alarm over soaring energy costs September 29, 2022 Pub and restaurant group Mitchells & Butlers sounded the alarm over soaring inflation today as it reported a dip in sales in the year to September.
Just Eat appoints new executives as it eyes up profit September 29, 2022 Just Eat has appointed two new chiefs to its top team today as it angles in on profitability this year and looks to capitalise on a positive first six months trading.
Next boss warns of two cost of living crises after slashing forecasts September 29, 2022 Next has slashed its sales forecasts for the second half of the year today despite a 16 per cent jump in pre-tax profit in the six months to July.
Vodafone takes crown once more as UK’s most valuable brand September 29, 2022 Vodafone has been named as the UK’s most valuable brand for the fifth year in a row, beating heavyweights HSBC and Shell to the top spot. The country’s top 75 brands are now collectively worth $282.9bn, up by one per cent year on year, the Kantar BrandZ Most Valuable UK Brands 2022 report has stated. [...]
Cost of living crunch sinks teeth into Morrisons profit September 28, 2022 Morrisons has posted sliding sales after the retailer was recently knocked out of the Big Four by discounter rival Aldi. In financial results for the 13 weeks to 31 July, the group posted like-for-like sales, excluding fuel, down 3.1 per cent on the comparable period a year ago. The supermarket pointed to “unprecedented inflationary pressures” [...]
Lego builds on sales surge as profits hit £750m September 28, 2022 The Lego group revealed a 17 per cent surge in revenues in the first six months of the year as it beat expectations with net profit of DKK 6.2bn (£750m).
Everyman loved by every man: Cinema posts ‘progress on all fronts’ as losses narrow September 28, 2022 Cinema group Everyman said it had seen “progress on all fronts” this morning after it shrank its pandemic losses and notched a jump in revenues to £40.7m in the six months to June.
Burberry creative chief Tisci steps down as Brit Daniel Lee takes over September 28, 2022 The creative brain behind iconic British fashion brand Burberry is set to step down from his role at the end of this month after five years at the helm, the firm announced today.