Nestlé reveals £150m plans to transform major UK site September 19, 2024 Nestlé has revealed plans to invest more than £150m to transform one of its major sites in the UK. The giant is to upgrade its Nestlé Purina Petcare factory in Wisbech, Cambridgeshire, home to pet food brands including Felix, Gourmet and Winalot. The project is expected to be completed in early 2025 and will include [...]
The Notebook: A new deal for working people? Labour’s plan risks mass layoffs September 16, 2024 Labour's new deal for workers promises to put employees first, but it risks badly backfiring, writes employment law expert Dan Pollard in today's Notebook.
Hellofresh: Cuts to UK workforce significantly slashes loss September 13, 2024 The last time the UK arm of Hellofresh made a pre-tax profit was the £8m it reported in 2020. Since then it has lost almost £50m.
Equals: Payments fintech’s revenue jumps by a third amid record transaction values September 10, 2024 Payments fintech Equals Group has seen fees to financial advisers weigh on its earnings as it looks for a potential buyer, while revenue surged on the back of record transaction values.
PwC UK orders staff to spend more time in office and meet clients in person September 5, 2024 PwC UK has ordered staff to spend more time in the office and meet clients in person, as the accounting giant becomes the latest firm to adopt tighter rules on working from home. The Big Four firm told its employees and partners on Thursday that its new hybrid working policy would require them to spend [...]
More than 750 jobs at risk as Bakkavor set to axe major UK factory September 5, 2024 More than 750 jobs are at risk at the fresh food maker Bakkavor after the London-listed group said it would close one of its North West factories. The company, which is headquartered in London, said today it was looking at axing its Wigan facility after a review revealed it would need “significant investment” to continue [...]
Swissport makes first UK profit since 2018 as sales finally recover from Covid September 5, 2024 The UK arm of Swissport has returned to the black for the first time since 2018 as its turnover recovered to pre-pandemic levels. The Cheshire-headquartered division of the aviation services giant also created 1,400 jobs during its latest financial year but its total headcount is still significantly lower than it was in 2019. Swissport has [...]
Four-day working week will not be imposed on employers, says Government August 30, 2024 The Government has denied it will force businesses to allow staff to work a four-day week but said it supports flexible working. Education minister Baroness Jacqui Smith dismissed a report in The Telegraph that Labour’s Make Work Pay plans could force businesses to accept employees’ demands for a four-day week. She told LBC radio: “We [...]
Gopuff to increase fees as it hopes to deliver first UK profit after cutting almost 1,000 jobs August 29, 2024 Delivery company Gopuff is to up its fees as it targets turning its first-ever UK profit in the coming years after shedding almost 1,000 jobs in 2023. The US-headquartered company reduced its UK headcount from 1,707 to 842 last year, according to newly-filed accounts with Companies House. The consumer goods and food delivery company, which [...]
Square Mile and Me: James Uffindell on building Bright Network August 29, 2024 Each week we ask a City figure to take a trip down memory lane. Today, James Uffindell, CEO of Bright Network, takes us through his career.