Dividend payout at Winkworth suffers as business prepares for profit fall January 13, 2021 Winkworth profits are expected to fall for 2020, with market upheaval cited as the primary reason for the loss. In a market update this morning the estate agent said revenues for 2020 were relatively flat on 2019, and profit was likely to fall by 15 per cent. As a result of the loss the total [...]
Just Eat splurges £5m on Snoop Dogg as Covid delivers results January 13, 2021 Orders to Just Eat grew by 58 per cent in Q4 2020, marking the third consecutive quarter of order growth acceleration. Delivery orders in the UK grew by a whopping 387% in the fourth quarter of 2020 compared with the same period in 2019, as the UK again entered a national lockdown and coronavirus restrictions [...]
Covid-19 drives employment tribunal claims up 17% January 12, 2021 The number of claims received by employment tribunals has jumped 17 per cent in the last year to 42,392, up from 36,336 in the previous 12 months. Employment law firm GQ Littler said the increase was “significantly faster” than the 7 per cent rise that occurred between 2017/18 and 2018/19 and ties in with the [...]
Business secretary slams firms not allowing staff to work from home January 12, 2021 New business secretary Kwasi Kwarteng has urged employers to take “every possible step” to help employees work from home during the pandemic. His comments come after City A.M. revealed some firms have at points offered staff unpaid leave as an alternative to returning to the office. Kwarteng said: “The law is clear that you may [...]
PwC to examine possible fraud in govt coronavirus loan programme January 12, 2021 The government-owned British Business Bank (BBB) has brought on PwC to examine cases of possible fraud in its Covid-19 business loans programme. The loan programme was established to help smaller businesses impacted by coronavirus. According to website Consultancy.co.uk, BBB tapped PwC to look into possible fraud, having previously worked with the Big Four firm and [...]
Exclusive: Ted Baker uses unpaid leave to pressure staff to return to the office January 12, 2021 Exclusive: Ted Baker uses unpaid leave to pressure staff to return to the office
Hut Group outperforms expectations as questions are raised about boss’s income January 12, 2021 The Hut Group (THG) had a good Q4 2020, enjoying revenue growth of 51 per cent year-on-year, outperforming previous guidance of 40-45 per cent. THG, which owns a range of online beauty and nutrition brands like MyProtein and Lookfantastic, delivered Q4 2020 group revenue of £558.7m, versus £370.0m in Q4 2019. Revenue was boosted by [...]
Rathbones names ex-Phoenix boss Bannister as chairman January 12, 2021 Rathbone Brothers has appointed ex-Phoenix Group CEO Clive Bannister as its new chairman. Bannister will take over from Mark Nicholls at the wealth manager, who will retire from the role at the company’s annual general meeting in May. The news comes as Rathbones reports a nearly 9 per cent jump in total funds under management [...]
Very.co.uk enjoys record-breaking Christmas period January 12, 2021 Very.co.uk increased sales by 25 per cent year-on-year in the seven weeks leading up to Christmas, recording its best ever figures over the holiday period. Home and electrical goods were the standout categories for the online retailer, up 46 per cent and 45 per cent respectively. Among the top selling items were bedding and soft [...]
Deliveroo to roll out to 100 new towns and cities in 2021 January 12, 2021 Deliveroo will expand its service to 100 new towns and cities across the UK in 2021, following increased demand for business in 2020. The towns and cities earmarked for expansion include Yeovil, Bangor (Northern Ireland), East Kilbride, King’s Lynn, Scarborough, Llanelli and Exmouth. The move will mean the takeaway delivery app is available to 4 [...]
