Britain needs to ‘encourage enterprising entrepreneurs’ to kick-start economy October 22, 2025 Britain “needs to be a nation of shopkeepers once again” and “encourage enterprising entrepreneurs” to boost its economic prosperity, the chief executive of recruitment giant Reed has said. Speaking on an up-coming episode of City AM‘s Boardroom Uncovered podcast, James Reed said if he was Prime Minister for the day, he’d “make Britain a destination [...]
TalkTalk to cut more jobs in ‘necessary’ move October 14, 2025 TalkTalk has announced it is looking to cut up to 100 jobs in its consumer business in a move it has described as “necessary”. The company, which has bases in Salford and London, said the move forms part of its bid to ‘returning to its challenger roots’ to become more ‘focused, agile, and dynamic’. A [...]
KFC sheds jobs as UK profit jumps to almost £100m October 1, 2025 KFC has shed jobs in the UK and its profit surged to almost £100m during its latest financial year, it has been revealed. The fast food giant has posted a pre-tax profit of £97.6m for 2024, up from the £59.1m profit it achieved in 2023. However, new accounts filed with Companies House also show that [...]
Eden Project: Losses more than double amid job cuts September 25, 2025 Losses at the Eden Project in Cornwall more than doubled as a “major restructuring” led to a large number of jobs being cut. New accounts filed with Companies House show that its pre-tax loss went from £1.5m to £3.5m. The latest figure comes after the Eden Project also posted a pre-tax loss of £868,000 in [...]
Amazon Fresh to close all UK stores September 23, 2025 Amazon is set to close all 19 of its Amazon Fresh stores in the UK, just four years after launching its first supermarket outlet in London. It has been revealed that the tech giant plans to convert up to five of these locations into Whole Foods Market stores, a US organic food chain it acquired [...]
Bowers & Wilkins cuts dozens of jobs after plunging to $8m loss September 22, 2025 Bowers & Wilkins has cut dozens of jobs after plunging to an $8m (£6m) loss despite seeing an upturn in sales, its latest accounts show. The premium headphone and speaker maker, which counts David Beckham among its brand ambassadors, has reduced its workforce by 14 per cent, with 50 production jobs going amid the introduction [...]
Rachel Reeves’ tax hikes are ‘taking Britain back to 1980s’ as investors turn their backs September 15, 2025 Britain’s jobs market is being hollowed out just like it was in the 1980s thanks in part to Chancellor Rachel Reeves’ tax hikes, the chief executive of recruitment giant Reed has said, as the CBI warns the country is now seen as a less attractive place to invest than five years ago. James Reed said [...]
Lloyds Bank: 3,000 jobs at risk in performance overhaul September 4, 2025 Lloyds Bank is planning a major overhaul of its operations that could put five per cent of workers on the chopping block. The bank is set to review its approach to performance management with the bottom 3,000 of the firm’s 63,000 employees at risk of losing their role. The new plans, as reported by the [...]
Finance bosses back AI despite job loss concerns September 2, 2025 The financial services industry is set to drive more investment into AI as the industry’s senior leaders turn bullish on the tech. More than half of UK institutions expect to up their AI investment in the next 12 months while one in five said they would maintain current levels, data shared with City AM revealed. [...]
Losses double at global recruiter despite sales passing £2bn August 5, 2025 Losses at a UK-headquartered global recruitment giant more doubled despite its revenue passing the $3bn (£2.2bn) mark during its latest financial year. Altrincham-headquartered NES Fircroft has posted a pre-tax loss of $67.7m for the 12 months to 31 October, 2024, according to new accounts filed with Companies House. The loss comes after the business also [...]