Retailers gear up to win battle for Christmas online shopping rush November 1, 2022 Retail giants are battling to entice cash-strapped consumers with a slew of online discounts and sales this year. Spending is expected to slip by up to half on Black Friday this year, against a backdrop of a cost of living crisis, Wunderman Thompson research has forecast. Online retailers are set to benefit from the crunch, [...]
British Airways owner IAG’s profits soar as leisure demand booms October 28, 2022 British Airways owner IAG is back in the black with a profit after tax of €853m (£736m), as leisure revenue has recovered to pre-pandemic glory. The London-listed firm swung into profit in its third quarter results – ahead of market expectations – after posting a 2021 loss of €574m. IAG’s overall passenger capacity plans are [...]
Ad build-up to Qatar World Cup is ‘oh so quiet’ October 26, 2022 The World Cup is a little over three weeks away but it’s oh so quiet. At least when Björk sung those words, the accompanying music video by Spike Jonze showed people spontaneously spilling into the street in a Busby Berkeley-style choreographed celebration. But it’s increasingly hard to shake the feeling that there isn’t quite that [...]
Black Adam review: A slick but forgettable superhero romp October 23, 2022 The latest DC spectacular is a film conjured by the internet, with Dwayne Johnson linked to the role by eager fans since at least the mid-2000s. The former wrestler’s armour has been slightly dented by the failures of Jungle Cruise and Red Notice last year, can Black Adam put him back on top? Set in [...]
Royal Mail workers kick off 19 day strike action October 13, 2022 The biggest strike of the year continues today as 115,000 postal workers will come out for a “dignified, proper pay rise”. Members of the Communication Workers Union – which represents Royal Mail Group workers – have kicked off the first day of their 19 day strike. The decision follows the union’s ballot for strike action [...]
Mirror publisher Reach faced ad ‘blackout’ following Queen’s death despite sales uplift October 11, 2022 Daily Mirror and Daily Express publisher Reach said it faced a temporary advertising “blackout” following the death of Queen Elizabeth II, despite an uplift of newspapers sold. In a trading update, the company posted a 8.1 per cent digital revenue decline in September as a result of the “industry wide reduction” in advertising spend following [...]
Pensions fund collapse fears were ‘overreaction’, says PwC executive October 3, 2022 Fears of a wave of pension fund insolvencies last week were an “overreaction”, the global pensions chief of PwC said today, after concerns spread amid the fallout of the government’s so-called mini budget.
Amazon ups Stateside pay for frontline workers as union pressure mounts in UK September 29, 2022 Amazon has agreed to boost the average pay of frontline workers in the US, adding increasing pressure on the firm this side of the Atlantic to bolster pay. The e-commerce giant said it would boost salaries from $18 to $19 (£16.60 to £17.60) per hour, while transportation teams would earn between $16 and $26 an [...]
Truss tells Wall Street execs that she wants ‘lower, simpler taxes in the UK’ September 21, 2022 Liz Truss has declared she will deliver “lower, simpler taxes” to drive investment during a charm offensive of powerful Wall Street executives. The Prime Minister told the group of 15 business leaders during a New York roundtable that her plans will “make us a better place to invest and be unashamedly pro-business” and make the [...]
Amazon strike ballot ‘making history’ says UK union boss September 15, 2022 AMAZON workers at a Coventry warehouse became the first in the UK to take part in a formal strike ballot against the ecommerce titan. Hundreds of workers began voting this morning on whether to walk out over Amazon’s 35 pence per hour pay offer, with union GMB lobbying for a £2 per hour increase as [...]