Selfridges to make redundancies at London HQ and hits out at ‘absence of a tax-free shopping’ May 9, 2024 Luxury department store Selfridges is to make around 70 redundancies at its London head office.
Profits steady at Frasers Group-owned Jack Wills after store closures and job cuts May 9, 2024 Profits remained steady at Jack Wills, the fashion brand owned by Mike Ashley's Frasers Group, as a raft of store closures and job cuts saw its revenue fall below £30m.
Cazoo preparing to enter administration as car retailer attempts to avoid collapse May 8, 2024 Cazoo has signalled its intention to enter administration and not ruled out winding up the company.
EV delivery firm Packfleet branded ‘disgusting’ for plans to sack 30 drivers and replace them with gig economy contracts May 8, 2024 EV courier Packfleet has informed workers of plans to sack 30 employed drivers and force them to become self-employed, City A.M. understands.
Chicken King’s empire still in the red despite sales passing £3bn May 8, 2024 The food empire run by the so-called "Chicken King" has spent another year in the red despite its turnover rising to more than £3bn.
Labour’s workers’ rights plans could face ‘significant’ changes, lawyers warn May 4, 2024 Labour’s promised reforms to workers rights could face “significant changes” before taking effect, employment lawyers have warned.
Scotland set for weaker growth despite avoiding recession – but there is room for optimism May 2, 2024 Scotland's economy is set for weaker growth despite avoiding entering a technical recession, according to KPMG.
Sensodyne maker Haleon to cut over 400 jobs and close its only UK factory April 30, 2024 The maker of Sensodyne toothpaste and Advil painkillers has announced plans to close its only UK factory which will see the loss of more than 400 jobs.
KPMG hires ex-prisoners as part of Gov strategy to tackle £18bn reoffending cost April 24, 2024 KPMG has become the first white collar British business to employ former prisoners as part of a new pilot programme by the Government
The week that was: London woes, hedge funds short on water, and confusing jobs data April 20, 2024 Confusing inflation data, further tribulations for water firms and yet more woes for the London Stock Exchange, we review another busy week in the City.