UK supermarket giants launch £675m cartel lawsuit against fish farmers March 6, 2024 Several UK supermarket giants have bound together to launch a competition claim against different fish farmers, accusing them of operating a cartel-like operation. Asda, Iceland, Marks and Spencer, Ocado, Morrison, International Seafoods, Aldi and the Co-Op have all brought a lawsuit to the Competition Appeal Tribunal (CAT). The claims are against fish farmers, Seashore, Cermaq, [...]
John Lewis sets out record investment in staff as company battles to retain staff March 6, 2024 John Lewis has announced a record investment in staff pay. The changes will result in minimum pay going up around 10 per cent to £12.89 in London and £11.55 elsewhere in the UK.
The Notebook: When will the Bank of England begin cutting interest rates? March 6, 2024 | City Talk Where the City’s experts have their say. Today, Interactive Investor's Victoria Scholar talks interest rates, star-studded weddings and Bitcoin.
Global appoints STV boss Simon Pitts as new chief amid boardroom reshuffle March 6, 2024 Global Media Group has appointed Simon Pitts, former STV boss, as its new chief, effective from the first quarter of 2025.
Insurer Lancashire plans £93m special dividend after swinging to profit March 6, 2024 City-based insurer Lancashire has unveiled a special dividend aiming to award around $119m (£93m) to shareholders after swinging to an annual profit.
DS Smith: Amazon packaging giant silent on takeover bid as box volumes stay flat March 6, 2024 Packaging giant DS Smith has omitted mention of a potential takeover bid in a trading statement, instead noting that box volumes remained flat over the last three months. In a trading statement, the group said its focus remained on improving operating efficiency, resilient pricing and tight cost controls, as North America and Eastern Europe saw [...]
Robust order backlog helps Galliford Try to bumper year March 6, 2024 Galliford Try said pre-tax profits increased in the half year due to an increased demand, and has raised its dividend payout.
One Thames Water overflow in leafy Surrey has been leaking sewage for six days straight March 6, 2024 The firm recently said in its turnaround plan that more leakages were expected for the next year while it worked to fix operations
Cracks showing at Ibstock as profits collapse despite efforts to slash costs March 6, 2024 Last year saw Ibstock reduce headcount and close factories in an effort to reduce costs
Capita shares crater 22 per cent as outsourcing giant swings to £107m loss March 6, 2024 Capita's share price closed 22 per cent lower on Wednesday after the outsourcing giant reported a huge loss and announced that it would be ramping up its cost-cutting programme.