Now hiring: Aldi launches recruitment drive for 1,000 new logistics roles July 21, 2022 Aldi is the latest firm to take part in a logistics recruitment boom, creating some 1,000 roles across the country over the next year. The discount supermarket wants to expand its distribution, transport and maintenance teams at its 11 regional distribution centres across the country. It comes as retailers are facing a race for distribution [...]
Brickability revenue and profit more than doubles amid record demand for homes July 21, 2022 British merchants Brickability has reaped the rewards of housebuilders’ steamroll in the property market, having had its revenue nearly triple in the past year. Housebuilders in the UK have rushed to take advantage of record property prices, in trying to up their completions despite raw material inflation and supply chain disruptions. Revenue surged 187 per [...]
Penny Mordaunt hits back at Anne-Marie Trevelyan over ‘work ethic’ jibes July 21, 2022 Fallen Tory leadership contender Penny Mordaunt has mocked her ministerial boss Anne-Marie Trevelyan today, after she was the victim of a series of attacks about her “work ethic” during the campaign. Mordaunt, a trade minister, said she was “amazed to find myself” in the House of Commons chamber after Trevelyan, the trade secretary, questioned her [...]
Overseas travel down by third as Brits shun holidays abroad for UK getaways July 21, 2022 Britons might be shunning holidays abroad in favour of a UK getaway as overseas travel has gone down by a third. According to data from the Office for National Statistics, visits overseas went down to 5.6 million in April this year – 33 per cent below 2019 levels. Whereas searches for UK destinations went up [...]
Elon Musk’s Tesla sheds 75 per cent of its Bitcoin holdings as profits drop July 21, 2022 Tesla has sold 75 per cent of its Bitcoin portfolio as profits slid in the second quarter of the year. The electric automaker announced in its Q2 earnings report that it converted the Bitcoin to $936m (£782m) of cash, with its digital asset holdings now at $218m (£182.4m). Profits fell to $2.3bn (£1.9bn) from a [...]
Primark owner poaches Marks & Spencer director for top finance job July 21, 2022 Primark owner Associated British Foods has nabbed Marks & Spencer’s CFO Eoin Tonge for its top finance job. Associated British Foods said that its current finance director John Bason will step down from the board, with Tonge stepping into his shoes no later than February 2023. Tonge also holds the position of chief strategy officer [...]
Exclusive with Jean Paul Gaultier: ‘Straight actors should be able to play gay roles’ July 21, 2022 It’s 9.30am and Jean Paul Gaultier is relentlessly turning over last night’s performance of ABBA Voyage. It’s far too hot for coffee so we’re sitting with a pair of orange juices and Gaultier is encouraging me to get stuck into the breakfast buffet. I politely decline because there are more important things at hand: discussing [...]
PensionBee eyes profits next year after boom in customers July 21, 2022 Pensions fintech PensionBee said it was on track to hit profitability by the end of 2023 today as it revealed it had boosted its invested customer base by 72 per cent on last year.
CMA slaps Pfizer with record £63m fine for ‘illegally exploiting dominant position to overcharge NHS’ July 21, 2022 Drugmakers Pfizer, as well as Flynn, received a fine of close to £70m after they overcharged the NHS for a life-saving epilepsy drug, the UK competition watchdog has announced. The Competition and Markets Authority (CMA) said the two pharmaceutical giants “abused their dominant positions” in the market to charge unfairly high prices over a four-year [...]
Tory leadership race: Truss claims her tax cuts would decrease inflation July 21, 2022 Liz Truss has today claimed her plan to introduce tax cuts worth £30bn+ would “decrease inflation” as she begins her campaign to win over Tory party members and become Prime Minister. The foreign secretary denied claims by economists, and her leadership rival Rishi Sunak, that her tax plans would further fuel the UK’s 40-year high [...]