Mike Ashley’s successor offered £100m potential pay package August 26, 2021 Michael Murray, who will succeed Mike Ashley as the chief executive of Frasers Group, could receive shares worth £100m under a proposed pay package. The pay package would be linked to the retailer’s stock price performance, Sky News has reported. The company’s share price would have to top £15 for 30 consecutive days before October [...]
Property: Market now faces acute supply shortage after buying frenzy August 26, 2021 Housing stock levels are down 26.4 per cent compared to the 2020 average, as buyer demand has eroded existed supply. While buyer demand remains strong, up 20.5 per cent, stock supply will remain low into next year, according to the property platform Zoopla’s monthly House Price Index. The property market is experiencing its greatest stock [...]
Venues ‘far from out of the woods’ on pingdemic August 25, 2021 The hospitality sector has called on ministers to “move more quickly” to resolve staffing issues. Major food operations including McDonald’s, Nandos and Greggs have been forced to shut venues or take popular items off menus amid a shortage of delivery drivers. What’s more, trade body UKHospitality has said pubs and restaurants are still being impacted [...]
Goldman Sachs and Credit Suisse impose vaccination requirements on US staff August 25, 2021 Goldman Sachs and Credit Suisse have strengthened vaccine requirements for US employees and their American offices. Goldman Sachs told staff anyone entering its US premises must be vaccinated and asked workers to wear masks in offices from Wednesday, even if they are vaccinated, according to an internal memo seen by Reuters. Double jabbed staff members will [...]
Menu items unavailable as Greggs affected by supply chain disruption August 25, 2021 Bakery chain Greggs is the latest operation to be hit by supply issues after it confirmed shortages of popular products. The food outlet has been affected by shortages of chicken-based products, bakery staff told PoliticsHome. Greggs told City.AM a number of products had been affected but these changed day to day so it would not [...]
Klarna hits 20m US users as it eyes stock market listing August 25, 2021 Payments firm Klarna has reported a leap in US transactions via its platform in the second quarter, ahead of an expected stock market debut. The Swedish “buy now, pay later” company said its number of users in the US grew by three million to 20 million and it would continue to eye new markets. “With [...]
Clipper Logistics revenue up thanks to lockdown shopping returns August 25, 2021 Retail logistics firm Clipper has reported group revenue up by 39.1 per cent as e-commerce sales continue to grow. The Leeds-based company reported group revenue up from from £500.7m to £696.2m, in its results for the year ended 30 April 2021. The firm acquired new contracts in the period including with Revolution Beauty, H&M and [...]
Self-catered accommodation prices soar after pandemic August 25, 2021 Self-catered accommodation in the UK is now on average 40 per cent more expensive than in summer 2019. Analysis from consumer group Which? and BBC Panorama, found holidaymakers were paying an average of £300 more per week in August compared to the last summer before the pandemic. The average cost of one night of self-catered [...]
Pension trustees warn Morrisons bidders of risk to retirement pots August 25, 2021 Private equity firms circling Morrisons have been warned buyouts would hinder its ability to support staff retirements by pension trustees. Trustees of pension assets worth £5.5bn said the proposed buyout would undermine the covenant protecting the retirement funds of members. Both Clayton, Dubilier & Rice and Fortress should offer improved financial security to scheme members [...]
IHG announces new luxury hotel collection Vignette August 24, 2021 IHG Hotels & Resorts has announced its new luxury and lifestyle brand Vignette Collection. The Holiday Inn owner hopes the Vignette brand will attract more than 100 hotels across the world over the next ten years. It marks the sixth addition to IHG’s portfolio in the past four years with other luxury and lifestyle brands [...]
