Warhammer retailer Games Workshop reveals dip in profits but CEO says ‘we are on the front foot’ January 11, 2022 Games Workshop has revealed a dip in profits for the past six months as higher costs offset sales growth. The Warhammer retailer reported that pre-tax profits fell by 3.7% to £88.2 million for the six months to November 28. It came as the business highlighted £2 million in extra shipping and freight costs over the [...]
Strong retail sales in December despite Omicron onslaught January 11, 2022 UK retailers posted strong sales last month as shoppers splashed out on bumper Christmas celebrations despite the surge in Covid-19 cases, according to new figures. The latest BRC-KPMG retail sales monitor revealed that total sales rose 2.1% in the month to January 1 compared with the same period last year. It added that like-for-like sales [...]
FTSE: Markets heading for higher open today after NASDAQ recovers from 10-week lows January 11, 2022 Of the six trading days so far of 2022 the Nasdaq 100 has declined for four of them, falling to a 10-week low yesterday and into correction territory in the process, although it was able to finish slightly higher on the day, as buying interest started to come back in. On that score it was [...]
Retail in 2022: Leisure explosion and flexible landlords will give the UK high street a much-needed boost this year January 11, 2022 Demand for property outside traditional retail and pragmatic landlords have given “renewed optimism” for some high streets and shopping districts despite the toll of the pandemic, according to industry experts. The pressure from lockdown measures, after a steady decline in recent years, saw vacancy rates across shopping destinations hit record levels in the second quarter [...]
Emergency text to BBC chairman: Michael Gove’s efforts to ‘level up’ hit a snag after getting trapped in lift for half an hour January 10, 2022 Michael Gove’s efforts to “level up” hit a snag after he was trapped in a BBC lift for more than 30 minutes. The Communities Secretary was touring studios to explain his plan to tackle the cladding scandal when the mishap occurred. BBC presenter Nick Robinson told listeners: “We’ve had breaking news this morning that W1A [...]
Tower Hamlets mulls name changes for roads around new Chinese Embassy: Tiananmen Square, Uyghur Court, Hong Kong Road and Tibet Hill January 10, 2022 In response to China’s application to build a new embassy in London, Tower Hamlets Council has voted to consider naming nearby roads and buildings Tiananmen Square, Uyghur Court, Hong Kong Road and Tibet Hill, it has been reported. In a move that is likely to infuriate the Chinese government, local councillors in the London borough [...]
Four-day week at Atom Bank leads to 500 per cent surge in job applicants who want 34 hours a week with no pay cut January 10, 2022 Atom Bank’s four-day working week has led to a 500 per cent surge in job applications and boosted staff morale, its boss has said, stressing he is “utterly committed” to the new set up. The UK’s first app-based bank saw the jump in people applying for job vacancies in one week, shortly after it announced [...]
Santander lures Barclays veteran Jane Galvin away from HSBC in banking war for top talent January 10, 2022 Santander UK announced this morning the appointment of Jane Galvin as Head of Corporate Clients within its Corporate and Commercial Banking (CCB) division. Galvin, a City heavyweight who made a name for herself during three decades at Barclays, will start at the beginning of February and will report directly to CCB head Tim Hinton. She [...]
Growing Brexit headache for UK businesses as strict new import rules lay bare British traders lack the skills January 10, 2022 With Britain’s businesses having to declare imports of all EU goods as of 1 January, experts have told City A.M. UK firms lack the skills and expertise to handle the increase in declarations. Their warning is underpinned by the Institute of Export & International Trade, saying it reported a 379% increase in enquiries to its technical helpline last [...]
Best time in 50 years to apply for work or switch jobs as vacancies hit record levels January 10, 2022 Jobseekers are being told it is the best time in 50 years to apply for work, with consistent record levels of vacancies being advertised. Recruitment firm Reed said today was known as Massive Monday in the trade because of the high numbers of people looking for jobs, or wanting to switch careers. Chairman James Reed [...]
