City Moves for 17 March 2016 | Who’s switching jobs March 17, 2016 Morgan McKinley Global recruiter Morgan McKinley has appointed Lauren Di Ventura as global head of learning & development. Lauren brings over 15 years of extensive experience developing and implementing effective people strategies within learning and development in the recruitment industry. Lauren started her career as a recruiter at Blue Arrow and then progressed to recruitment [...]
Budget 2016: George Osborne’s speech in full March 16, 2016 George Osborne has just revealed the Budget for 2016. There was good news for businesses with corporation tax being sliced and business rates being reformed – but bad news for smokers and students who hate maths. Mr Deputy Speaker, Today I report on an economy set to grow faster than any other major advanced economy in [...]
Budget 2016: Chancellor to introduce surprise sugar tax on soft drinks in two years’ time March 16, 2016 George Osborne has announced the government will introduce a surprise new levy on the sugar drinks industry that will come into effect in two years' time. A sugar tax was widely considered to not be making an appearance in the Budget, with other strategies thought to take precedence in the government's fight against childhood obesity. Citing [...]
Tesco is “on the cusp of something new”, says UK boss Matt Davies as he sets out three key ways supermarket hopes to win back customers March 16, 2016 The country's biggest retailer Tesco is "on the cusp of something new", its UK boss has said today, in his first public outing since taking the helm. Matt Davies, who joined last May from Halfords, told delegates at the Retail Week Live conference that customers were "more positive about Tesco than they've been for years". Tesco beat [...]
Sainsbury’s Mike Coupe: Aldi and Lidl are starting to look like “conventional” supermarkets March 16, 2016 Mike Coupe must be feeling confident about Sainsbury's progress in the grocery price wars. The supermarket boss, who yesterday revealed strong results, appears to be trolling Aldi and Lidl, telling Mumsnetters yesterday that the German discounters were "increasingly looking like conventional supermarkets". Speaking at Mumstock, a conference about marketing to mums, he told the audience [...]
More needs to be done for mums to go to Iceland March 16, 2016 As the challenger discount supermarkets continue to expand their market share, more established rivals are reacting in differing ways in their attempts to recoup lost ground. Iceland, known for its inexpensive frozen produce, has been trying to reposition itself. By improving the quality of its offering, it is aiming to broaden its appeal in the [...]
Sainsbury’s share price falls despite posting a sales rise in the fourth quarter as deadline looms for Argos bid March 15, 2016 Sainsbury's is continuing to prove itself the strongest of the big four supermarkets, with total and like-for-like sales up in the fourth quarter as it moves to phase out multi-buy offers entirely. But the business has warned of ongoing challenges in the market as the price wars continue. The figures Total retail sales excluding fuel [...]
Budget 2016: Tesco boss Dave Lewis urges government to reform business rates, warning that retail jobs could be lost without it March 14, 2016 Tesco boss Dave Lewis has urged the government to reform business rates, claiming the "completely disproportionate" status quo will put further pressure on jobs in the retail sector. Lewis has doubled down on his criticisms of government policy last year, when he slammed a number of issues including the "unsustainable" rates regime. "Drastic Dave" backed a [...]
From the best US barbecue restaurants to the Senior Bankers’ Regime: What got you reading this week March 11, 2016 1. US barbecue restaurants City A.M. readers are clearly experiencing wanderlust: our US roadtrip sampling 32 of the US' most mouth-watering barbecue restaurants stormed to the top of our rankings this week. Find out where was finger-lickin' good here. 2. Another supermarket sweep Asda and Morrisons' share of of the market fell further this week – while sales at [...]
Greg Mulholland slams “unacceptable” appointment of Paul Newby as Pubs Code Adjudicator by Sajid Javid March 10, 2016 Liberal Democrat MP Greg Mulholland has slammed Sajid Javid's appointment of Paul Newby as the new Pub Codes Adjudicator (PCA). Newby, who will take up the role of PCA on 2 May for an initial term of four years, will be responsible for enforcing the Pubs Code – new legislation that will govern the relationship [...]