Federal Reserve chair Jerome Powell nominated for second term November 22, 2021 Federal Reserve chair Jerome Powell has been nominated for a second four-year term by President Joe Biden., Lael Brainard, the Federal Reserve board member who vied with Powell for the job, will be vice chair, the White House said on Monday. “While there’s still more to be done, we’ve made remarkable progress over the last [...]
Retailers are using experiences, not goods, to keep high street fashion on trend November 22, 2021 A short stroll along Oxford Street these days doesn’t necessarilly fill retail fans with confidence. A phalanx of American candy stores, souvenir shops of questionable quality and ‘to let’ signs have blossomed after the pandemic, and House of Fraser last week became the latest bricks and mortar flagship to announce it would be closing its [...]
Tesla accused of ignoring female employee’s complaints of ‘nightmarish’ harassment November 19, 2021 Tesla has been accused of subjecting female employees to “nightmarish” sexual harassment at its main factory, in a fresh lawsuit. Jessica Barraza, 38, said she was forced to put up with “near daily” catcalls and inappropriate touching during her three-year stint at the car-maker’s California factory. The production associate said male employees would make inappropriate [...]
Andrew Marr to leave BBC as he pledges to ‘get voice back’ on new LBC show November 19, 2021 BBC stalwart Andrew Marr has announced he is leaving the organisation to present new programmes on LBC and Classic FM “with no filter”. After hosting the corporation’s flagship political show, The Andrew Marr Show, for 16 years, Marr is set to head a new opinion-led LBC radio show. The deal with Global will also see [...]
Union seeks urgent meeting with Unilever for ‘cast iron guarantee’ of factory workers’ futures November 19, 2021 Unite the Union has called for urgent talks with Unilever after it announced the sale of its tea business to a private equity firm. Unilever confirmed the £3.79bn sale of its tea division – including household names such as PG Tips and Lipton – to CVC yesterday following an auction process. Unite pointed to CVC’s [...]
JD Wetherspoon to extend reduced drink prices into next year November 19, 2021 Pub operator JD Wetherspoon has declared it will extend its current price slashing initiative until February next year. All pubs are to offer drinks at reduced prices until Monday 28 February 2022, following an initial discount throughout November. The slashing of prices comes as many pub bosses have echoed concerns about rising overheads and warned [...]
A very merry Christmas: Pubs hope for a boost from late-notice office parties November 19, 2021 Pubs are readying for a wave of late bookings as office workers look for an excuse to put their Christmas party hats on. Fuller’s chief executive Simon Emeny told CityA.M. that his pubs had seen a “real surge” in bookings and enquiries over the last two to three weeks, mainly from the City and West [...]
Champagne Christmas promised by wine sellers despite supply problems November 19, 2021 Wine sellers and sommeliers have scrambled to assure Brits they can have their tipple of choice this Christmas. Wine importers have been challenged with Brexit-related paperwork at the border and rising costs on shipping containers. Premium online wine seller Naked Wines share price tumbled 20 per cent yesterday as it cut its full-year sales forecast [...]
Sheepish: Waitrose to work with lamb sector after carbon footprint row November 18, 2021 The National Sheep Association (NSA) and Waitrose have agreed to work together to raise awareness of UK sheep farming’s “positive impact on the environment,” following a row. The NSA slammed supermarkets for bleating “misinformation” about lamb’s carbon footprint this week. It criticised Waitrose for recommending customers could slash their impact on the planet by eating [...]
Private equity CVC agrees £3.79bn deal for Unilever tea business November 18, 2021 Private equity firm CVC has agreed to buy Unilever’s tea arm for £3.79bn (€4.5bn), it has been announced.
