Rothschild is advertising for a new butler – and the right candidate will have control of a rather racy-sounding inbox January 12, 2017 A job has come up at one of the City's most well-regarded financial firms – but you won't need a business background for this senior role. Rothschild is advertising for a new assistant head butler, to work in its pantry. The job ad explains that the selected candidate will "act on behalf of Rothschild & Co [...]
Government backs plans for £1.3bn Swansea Bay tidal lagoon January 12, 2017 Plans for a £1.3bn tidal lagoon in Swansea Bay have been backed by a government-funded review. The tidal lagoon has been in the pipeline for the last few years. It is to consist of 90 turbines in a 14 mile breakwater, and over the next 120 years could supply energy for 1.5m homes. It ties [...]
Bank junction in the City will come to a standstill this evening due to a cab drivers demonstration January 12, 2017 Cab drivers are planning to demonstrate in the Square Mile today, with police warning that there will be significant traffic problems for most of this evening as a result. Bank junction will be closed from 4.30pm, ahead of the protest action by United Cabbie Group (UCG), which starts at 5pm and runs until 6.30pm. The cab [...]
Dunelm shares drop despite reporting revenue increase – as store sales hit by supply chain woes January 12, 2017 Dunelm investors seemed unimpressed with this morning's report on trading in the 13 weeks to 31 December, despite group sales increasing. The figures Sales were up by 6.6 per cent year-on-year. Like-for-like sales from stores declined, by 1.4 per cent, to £215.6m. Dunelm's home delivery division saw a massive sales increase over the Christmas period, [...]
Marks & Spencer posts Christmas sales hike as clothing division shows increase for first time in two years January 12, 2017 Marks & Spencer has revealed a long-awaited improvement in its clothing arm during the 13 weeks to 31 December, although a change in its reporting period played a significant part in the alteration. The figures The retailer reported a 5.9 per cent increase in sales over the Christmas period. The clothing and home arm showed a [...]
Debenhams share price jumps at the open as it reveals increase sales over Christmas January 12, 2017 Shares in Debenhams rose over three per cent at the open, as the department store revealed an improvement in sales over the Christmas period. The figures Like-for-like sales were up five per cent in the seven weeks to 7 January, beating expectations. Debenhams attributed the improvement to beauty and gift sales, which took the non-clothing [...]
Sainsbury’s shares surged this morning on news of sales growth over Christmas – here’s how retail experts reacted January 11, 2017 Sainsbury's shares have surged by six per cent this morning after it reported a record Christmas week for trading. The supermarket said like-for-like retail sales went up 0.1 per cent in the third quarter, and while this might not be as impressive as Morrisons' 2.9 per cent growth, reported yesterday, investors were still cheered by the update. [...]
RMT is balloting London Underground staff for more strike action January 11, 2017 RMT has announced it will be balloting London Underground (LUL) staff for more strike action "over a breakdown in industrial relations". The union also pointed to "numerous breaches of agreed machineries and agreements by LUL management". These include "not consulting or negotiating with RMT over reduced staffing levels within fleet", and "breaching our agreement on Night [...]
Tullow Oil announces new chief executive as it reports “another tough year” January 11, 2017 Tullow Oil today announced that chief executive Aidan Heavey will leave the role to become group chairman later this year, and will be replaced by the company's chief operating officer, Paul McDade. Heavey, who founded Tullow and has led it for 31 years, will take on the chairman role after the group's annual general meeting on [...]
Morrisons reported strong Christmas trading numbers this morning – here are the best reactions January 10, 2017 Morrisons is having a lovely morning, with shares up four per cent on news that the supermarket's sales growth over the Christmas period was at its strongest for seven years. The group reported a 2.9 per cent jump in like-for-like sales excluding fuel, and said Morrisons.com had achieved its biggest ever week for sales in [...]
