Workspace firm IWG considering multibillion pound break-up September 26, 2021 Serviced offices firm IWG is considering splitting into several different companies. Mark Dixon, founder of the Regus and Spaces operator, is examining different options to bring value to shareholders, Sky News has reported. The founder is reportedly looking at options including a US listing for Worka, an app that helps users compare and book workspaces [...]
Panic-buying: Almost a third of BP petrol stations running on empty September 26, 2021 Nearly a third of BP’s British petrol stations have run out of the two main grades of fuel, the oil company said. Motorists queued up at petrol stations over the weekend as Brits panic-bought fuel despite ministers’ insistence that there was no shortage. Oil firms had reported that a lack of delivery drivers was causing [...]
German elections: Social democrats tied in Merkel successor vote September 26, 2021 Germany’s CDU/CSU conservatives and their Social Democrat rivals were tied in Sunday’s national election, according to an exit poll. Polls closed at 6pm in local time (4pm BST) as Chancellor Angela Merkel prepares to stand down after 16 years in power. The centre-left Social Democrats (SPD) were on track for 25.5 per cent of the [...]
Food shortages: Temporary visas ‘too little, too late’ to save Christmas September 26, 2021 Retail bosses have warned the government’s temporary visas for HGV drivers falls dramatically short of what supermarkets need for Christmas, warning of shortages and disruption. The Department for Transport announced it would make 5,000 visas available to HGV drivers and 5,500 available to poultry workers until Christmas. For months, supermarket bosses have warned empty shelves [...]
MPs speak out as Morrisons bidder plans to run grocer from Cayman Islands September 26, 2021 The private equity eyeing supermarket Morrisons has lined up an entity in the tax haven Grand Cayman to run the supermarket giant, bid documents have revealed. Cross-party MPs have urged Clayton, Dubilier & Rice (CD&R) to assure it will pay UK corporate tax rates on Morrisons’ turnover, the Sunday Times reported. CD&R revealed full details [...]
Unilever remote staff must have 24-hour commute to the office September 26, 2021 Unilever has told its remote workers they must not stray too far from the office and should live within a 24-hour commute. The Dove owner has told employees they must be able to come into the office at a day’s notice if required for an emergency meeting. The company has defined a 24-hour trip as [...]
US fried chicken chain Popeyes to open first London site September 24, 2021 US fried chicken brand Popeyes has announced plans for a flagship UK site this autumn. The KFC rival will open up a venue at Westfield Stratford in November as it said the UK was its next opportunity for growth. There are plans to open 350 sites around the country over the next ten years with [...]
Takeaways threatened: Customers may pay extra £2bn after tax hike September 24, 2021 Consumers could end up paying an extra £2bn for takeaways, ahead of rises in VAT, the British Takeaway Campaign has warned. VAT for hospitality is to rise to 12.5 per cent next month, ahead of another hike up to 20 per cent in March next year, to the frustration of beleaguered food bosses. Takeaway operators [...]
Fashion firm Asos joins forces with esports brand Fnatic September 24, 2021 Fashion retailer Asos and gaming brand Fnatic have inked a multi-million pound deal for a three-year partnership. London-based global esports brand Fnatic said they would launch a number of online and offline activations with the online retailer. It is the first time Asos has joined forces with an espots brand and the fashion firm’s logo [...]
High street dentists and pharmacies afflicted with Covid side effects September 24, 2021 High street dentists, opticians and independent pharmacies have been badly affected by the pandemic, a fresh report has revealed. In a report titled Small Business, The Big Picture, insurer AXA, said small and medium sized-retail businesses were in a strong position with hopes for a healthy recovery from lockdowns. However, health businesses have struggled with [...]
