Poundland owner to create 13,000 jobs as it eyes online retail expansion July 23, 2021 The Pepco Group, which owns Poundland, has tabled plans to create 13,000 new jobs across Europe over the next three years. The discount group’s boss Andy Bond told Reuters that it is betting on shoppers flocking to less expensive stores amid pandemic-induced inflation. Unlike most retailers over the pandemic, the discount chain group has not [...]
Visa to buy London payments firm Currencycloud for £700m July 22, 2021 Visa has inked a deal to buy London payments group Currencycloud in the latest move by a US buyer to swoop on the booming British tech sector. The financial services giant today said the deal builds on an existing partnership between the companies and values Currencycloud at £700m inclusive of cash and retention incentives. However, [...]
Freedom Day: Where do I need to wear a face mask from today? July 19, 2021 Across England, the final remaining coronavirus restrictions have been lifted. From today, people are no longer required by law to wear masks. The government has said, however, that people will still be expected to wear face masks in certain situations while some businesses, travel operators and local politicians have said that masks will still be [...]
Ultimate Products to take over Salter and Heston Blumenthal partnership July 15, 2021 Britain’s oldest houseware brand Salter is set to be snapped up by London-listed Ultimate Products as consumers fell back in love with home cooking over lockdown. The deal is expected to be completed by 19 July and will cost Ultimate Products (UP) some £32m in cash. UP, which turned over £115.7m last year, will take [...]
Supermarkets urge shoppers to keep masks on after 19 July July 15, 2021 Supermarkets are urging customers to continue wearing masks even after 19 July, when they will no longer be a legal requirement in England. Prime Minister Boris Johnson has announced that from Monday 19 July, dubbed ‘Freedom Day’, almost all pandemic restrictions will be lifted including the legal requirement to wear masks. Instead the public will [...]
Morrisons bosses set for bumper payday from private equity takeover July 11, 2021 Three of Morrisons’ most senior executives are set to earn millions from the supermarket’s proposed private equity takeover as scrutiny grows over the deal. Morrisons has accepted a £6.3bn takeover offer by a consortium of funds led by private equity firm Fortress — the latest in a growing frenzy of US buyouts of British firms. [...]
PM reveals Asda woes over post-Brexit Northern Ireland Protocol July 7, 2021 Asda is facing unnecessary checks on its goods crossing from Great Britain to Northern Ireland due to onerous post-Brexit red tape, according to Boris Johnson. Johnson said there are some “very serious problems” with the way the EU was implementing the post-Brexit Northern Ireland Protocol and that movement needs to happen “pretty fast” to fix [...]
John Lewis and Waitrose to introduce flexible working for head office staff July 5, 2021 Bosses at John Lewis and Waitrose have confirmed they will introduce flexible working for all staff based at the company’s head offices. The announcement by the employee-owned retailer came after Boris Johnson confirmed plans to lift most lockdown restrictions on 19 July, including an end to the government’s work from home guidance. “If restrictions are [...]
Make sure your health is fully covered while travelling July 5, 2021 Wherever you’re travelling this year, whether abroad or closer to home in the UK, make sure any health and medical eventualities are covered by sorting out your travel insurance as soon as you book your trip. Asda Money’s travel insurance offers a variety of options. Choose from UK, single trip or annual multi-trip, with three [...]
Lockdown sparks more leave and paid benefits for some working parents July 2, 2021 Lockdown sparks more leave and paid benefits for some working parents