Energy bill fears: Tesco sales of air fryers triple and electric blankets up 500 per cent October 12, 2022 Brits have flocked to buy air fryers and electric blankets in a bid to cut their energy use ahead of the winter. Supermarket giant Tesco reported the countertop frying appliance which deep-fries food without oil experienced a tripling in sales over the past year. Sales rocketed 200 per cent year on year as customers look [...]
MySale board urges shareholders to back Frasers’ offer despite acknowledging bid undervalues firm October 12, 2022 The board of MySale has urged shareholders to accept Frasers’ bid even though the company acknowledges the offer “undervalues” the business. The Sports Direct owner Frasers would expect to own 504,113,926 MySale Shares or more than 48 per cent of the voting rights, if the deal went through. Last month, MySale shareholders rejected a 2p-per-share [...]
Advertising regulator says govt broke rules with series of articles in local papers October 12, 2022 The advertising regulator has ruled the government broke the law with a series of advertorials in local newspapers. The Department of Levelling Up, Housing and Communities published pieces on March 13 on the websites of the Grimsby Telegraph, Derby Telegraph, Birmingham Mail, Leicestershire Mercury and Newcastle Chronicle, and on Cornwall Live and Wales Online. Labour [...]
EY announces record intake of almost 1,500 students with 40 per cent in regional hubs October 12, 2022 Big four accountancy firm EY (Ernst & Young) has announced a new intake of almost 1,500 students, with two-fifths based in regional office. EY’s new cohort of 1269 graduates and more than 200 apprentices is a 35 per cent increase on the young cohort for 2021. The firm was the first to remove the requirement [...]
Post-Brexit deal with India could be derailed over Braverman’s ‘disrespectful’ migrant comments October 12, 2022 Home Secretary Suella Braverman’s claim that Indian migrants are the largest group who “overstay” their welcome in the UK could derail Britain’s post-Brexit trade deal with New Delhi. Indian ministers are said to be furious with her remarks as the agreement is reportedly “on the verge of collapse”. She aired concerns about the deal last [...]
Exclusive: Ex Tory chair Baroness Warsi says PM Liz Truss should call a General Election October 12, 2022 A former chair of the Conservative Party has said Prime Minister Liz Truss should call a General Election. Speaking exclusively to City A.M., Baroness Sayeeda Warsi said prime minister Liz Truss either “had to just carry on with the 2019 manifesto – or go to the electorate” upon entering Number 10. “Because neither of those [...]
Nissan confirms full exit from Russia and takes ‘one-off impact’ of £620m loss October 11, 2022 Nissan has announced its full exit from Russia eight months after the invasion of Ukraine, taking a “one-off impact” of around £620m. Signalling its “imminent” departure from the country, the Japanese car giant approved the sale of Nissan Manufacturing Russia’s operations to NAMI, the Central Research and Development Automobile and Engine Institute. Nissan said it [...]
Redundancies dip by a third but gloomy outlook may mean rise is ‘inevitable’ October 11, 2022 The number of redundancies in the UK has defied doomsayer’ predictions and dropped a third in the last quarter, but a gloomy outlook means a rise is expected in the near future. Employment law firm GQIlitter reported there has been a 32 per cent drop in workers being let go, falling fro 53,000 to 36,000. [...]
Man charged over attempted robbery and multiple stabbings in Bishopsgate October 11, 2022 A man has been charged over an attempted robbery and knife attack in the heart of the city. Louis Parkinson, 25, has been formally accused over an incident last week in Bishopsgate, which led to three people being hospitalised with stab wounds The City of London Police responded to the incident last week at [...]
Pret A Manger invests £10m in staff pay bringing salaries above inflation October 11, 2022 Pret A Manger will invest £10m to support its staff with the cost of living crisis, bringing pay above inflation. The outlet will give its workers a salary boost from 1 December to the tune of five per cent. This comes after the coffee chain invested £9.2m in April this year, with 6,500 of its [...]
