BBC could face journalist walkout as channel merger plans face backlash August 16, 2022 BBC journalists are weighing up strike action as the broadcaster plans to merge channels, including BBC News and BBC World News.
UK grocery price inflation hits highest level since 2008 August 16, 2022 UK grocery price inflation has hit its highest levels since the 2008 financial crash over the past month, according to the latest figures. Brits are now facing an 11.6 per cent price hike on average food-shopping goods, market data from Kantar has revealed today. As spiralling inflation leaves no sector in the UK unscathed, the [...]
UK sinks into unprecedented, record-breaking trade deficit with USA as low pound balloons imports value August 16, 2022 The latest trade in goods data demonstrates a weakening trade performance of the UK with the United States, the nation’s largest single-country export partner. In Q1 and Q2 2022, the UK imported £15bn – a quarterly record – and £13.8bn worth of goods from the United States as imports bounced back from a pandemic-induced dip [...]
Philips announces surprise departure of CEO Frans Van Houten August 16, 2022 Philips has announced the unexpected departure of its CEO Frans Van Houten in October after 12 years at the firm.
Watches of Switzerland to open new flagship London Rolex store August 16, 2022 Watches of Switzerland today set out plans to open a new 7,200 square foot flagship Rolex shop in Mayfair after posting strong results for the first half of 2022. The watch seller will relocate its Rolex Boutique from its current 900 square foot premises on Bond Street to new much larger premises down the [...]
UK competition watchdog closes case against Barratt over leasehold homes August 16, 2022 The UK’s competition watchdog has closed a case against one of the country’s largest housebuilders Barratt over its sale of leasehold homes. In a statement today, the Competition and Markets Authority (CMA) said that “it was insufficient to support a clear legal case for the CMA to secure collective redress for Barratt leaseholders under its [...]
Takeover tattle: Vin Murria’s AdvancedAdvT snubs M&C Saatchi’s calls for US regulatory approval August 16, 2022 Vin Murria's AdvancedAdvT pushes back against M&C Saatchi's suggestions to get US regulatory clearance as the hostile takeover talks heat up.
Hospitality firms plead for energy bill support to survive ‘dire’ situation worse than pandemic August 16, 2022 A host of hospitality and small business bodies yesterday warned that many pubs, restaurants and hotels will not survive the “onslaught” of higher energy costs in the coming months. Representative bodies including UK Hospitality warned politicians that unlike domestic customers, rates are not capped for small businesses. Last week analysts at forecaster Cornwall Insight suggested [...]
Reebok and Forever 21 owner Authentic Brands snaps up Ted Baker in £211m deal August 16, 2022 After months of speculation, the Juicy Couture and Forever 21 owner Authentic Brands has said it will buy Ted Baker for an estimated £211m.
UK launches post-Brexit trade scheme for 65 developing countries extending tariff cuts August 16, 2022 The UK has launched its post-Brexit scheme to support trade with developing countries, extending tariff cuts to hundreds of products. The Developing Countries Trading Scheme (DCTS) was announced today by International Trade Secretary Anne-Marie Trevelyan, in a bid to go further than the EU’s Generalised Scheme of Preferences. The initiative covers 65 countries Africa, Asia, [...]