Government must ‘work night and day’ so UK doesn’t lose out on green jobs to other countries December 19, 2022 There is a critical five-year window to attract businesses in green sectors such as renewable energy and electrical cars to set up factories in Red Wall areas, a report has claimed. Think tank Onward said the government has a short timeframe to bring green jobs to parts of the Midlands and the North being targeted [...]
Martyn’s law: Counter-terrorism legislation for venues to be published early next year December 19, 2022 Venues will be required to draw up preventive action plans against terror attacks under new legislation nicknamed Martyn’s law in memory of one of the victims of the Manchester Arena bombing. The family of Martyn Hett have campaigned for stronger protections against attacks in public places, after the 29 year old was killed in an [...]
Apprentice star Kathryn Burn: Royal Mail strikes ‘complete nightmare’ for small businesses December 15, 2022 The Apprentice star and small business owner Kathryn Burn has said the Royal Mail strikes are a “complete nightmare” for retailers and accused posties of being “almost greedy.” Burn, who owns the My Christmas Pyjamas and Pyjamily brands, told CityA.M. that protracted industrial action over retail’s ‘golden quarter’ had “made my job very, very hard.” [...]
Currys slashes profit forecast as boss warns ‘tough environment’ isn’t going anywhere December 15, 2022 Currys has booked a loss as its chief executive warned that a “tough environment” showed little signs of disappearing in the short-term. The laptop-seller slashed its full year outlook from an initial target range of £130m to £150m to a lower target of £100m to £125m. It posted a group adjusted loss of £17m for [...]
It’s beginning to look a lot like chaos: Rail strikes hit London as businesses shed Christmas bookings December 14, 2022 Parts of London resembled a ghost town yesterday as rail workers kicked off the first of several days of strikes. Bars in the capital warned they are haemorrhaging tens of thousands of pounds in lost bookings due to mass walkouts deterring commuters, raising the threat of businesses missing out on their third ever-critical golden quarter [...]
Food inflation hits Christmas dinner as fresh turkey prices up by 45 per cent December 14, 2022 Brits shopping for the key groceries for their Christmas dinner are facing eye-watering price increases, as the price of fresh turkey has rocketed by as much to 45 per cent. Shortages arising from an outbreak of bird flu now mean that fresh turkey prices have soared in recent weeks, while choices for consumers are also [...]
Watches of Switzerland backs full-year guidance as luxury demand still buoyant December 14, 2022 Watches of Switzerland has said it is sticking to its full-year guidance for 2023 as there continues to be strong demand for luxury watches. In half-year results, the London-listed retailer said revenue from luxury watches made up 87 per cent of group revenue, with sales growth of 31 per cent versus the previous year. Group [...]
Profit surge for Zara owner Inditex despite shoppers’ fears of inflation December 14, 2022 Zara owner Inditex has seen sales and profit boosted, against a backdrop of a torrid consumer environment for fashion firms. The Spanish fashion giant posted a 24 per cent jump in net profit in the first nine months of its financial year, despite what CEO Óscar García Maceiras described as a “challenging context.” Sales online [...]
Cooking up a storm: Recipe biz Mob will be ‘smart about revenue’ amid recessionary hit on digital ads December 13, 2022 Recipe social media firm Mob has said it will move away from third-party revenue streams this year as digital advertisers’ budgets shrink. Ben Lebus, founder of the food-focused platform and recipe book business, told CityA.M. the firm needed “to be really smart about where we’re getting revenue from” amid the economic crunch. Mob, which has [...]
RMT’s Mick Lynch accuses government of ‘deliberately obstructing’ strike resolution December 13, 2022 RMT union boss Mick Lynch has accused the government of “deliberately obstructing” a resolution with workers. The railway union general secretary said a latest pay offer from ministers was “entirely unacceptable” as it came in “way below” inflation. Today marks the first day of four days of walk-outs by railway workers this week, with strike [...]
