Labour’s assault on the private sector will come back to haunt them November 18, 2024 The weekend’s papers groaned under the weight of business leaders’ concerns and complaints about the Labour’s government’s recent Budget and wider policy agenda. “They don’t understand business” ran an FT article, drawing on a host of quotes from alarmed chief executives. “Honeymoon’s over for business chiefs…” was the warning in a similar Sunday Times article. [...]
Knoops: Boss reveals plans to become £4bn global giant November 13, 2024 The boss of Knoops has outlined his plans to the grow drinking chocolate chain into a $5bn (£3.9bn) giant with at least 3,000 stores across the world. William Gordon-Harris, who is both the chairman and chief executive of the London-headquartered business, said his revenue target is “readily achievable” when each of its hoped-for stores hit [...]
Richard Branson-backed 23andMe axes hundreds of jobs November 12, 2024 Genetic testing company 23andMe, which is backed by Virgin billionaire Richard Branson’s former company VG Acquisition Corp, has revealed plans to make 200 redundancies in a bid to regain stability after a major slowdown in the business over the last year. The company is cutting 40 per cent of its workforce to help its continued [...]
Ministers either don’t understand private sector, or don’t care November 11, 2024 No politician could actually get away with telling businesses to “suck it up” when they warn about the impact of tax rises, though Labour’s Darren Jones came dangerously close yesterday, airily telling the BBC that bigger businesses can handle higher costs. While it’s true that they’ll find a way to pay these new taxes and [...]
Salesforce cuts over 450 UK jobs as profit spikes November 7, 2024 The UK arm of cloud-based software giant Salesforce cut more than 450 jobs in the year its profit jumped by over 70 per cent. The London-headquartered division of the US group decreased its headcount from 3,427 to 2,964 in the 12 months to 31 January, 2024, newly-filed accounts with Companies House have revealed. The new [...]
Dell sales slump by £500m as it sheds hundreds of jobs November 7, 2024 Sales at the UK arm of technology giant Dell were cut by almost £500m during its latest financial year as it shed hundreds of jobs, it has been revealed. The London-headquartered division of the US group has reported a revenue of £3bn for the 12 months to 2 February, 2024, down from £3.5bn. Newly-filed accounts [...]
Schuh has created over 1,000 jobs since lowest pandemic ebb November 4, 2024 Schuh has created almost 400 jobs in its latest financial year to push its headcount past where it was before the Covid-19 pandemic struck. The Scotland-headquartered footwear retailer employed 4,369 people at the end of its latest financial year, up from its total of 3,975 in the prior 12 months. Until the end of its [...]
Hellofresh puts 900 UK jobs at risk as major site set to be closed October 30, 2024 Hellofresh has revealed plans to close one of its major UK sites in a move which has put 900 jobs at risk. The recipe box delivery company has said the Nuneaton distribution centre would remain operational until the middle of 2025 if the proposals are approved. The 237,000 sqft building was Hellofresh’s second site when [...]
The Notebook: Say it however you like, a National Insurance hike is a tax on jobs October 30, 2024 Job vacancies are already in decline. Raising National Insurance contributions are no way to help the economy, writes Reed CEO James Reed.
BAE Systems plots £220m transformation to create hundreds of jobs October 29, 2024 Defence company BAE Systems is planning to invest £220m to transform its Rochester base into an “advanced technology” factory. The century-old site, which specialises in aerospace technologies and electronic systems, will be revamped into a “state-of-the-art” 32,000sqm facility. BAE Systems expects the bigger and “more efficient” factory will create 300 jobs over the next five [...]