Bleak Christmas: Royal Mail strikes could last until January unless pay deal made August 26, 2022 115,000 Royal Mail workers have started their strike action today over worker pay, raising question marks for how the delivery firm will cope as it heads into the Christmas trading period.
Quality Street tub shrinks once again as inflation bites for Nestlé August 25, 2022 Nestlé has shrunk the size of its Quality Street tubs once again this year as inflation takes a bite into profits.
Next winter’s energy crisis will be even worse, warns forecaster August 23, 2022 Next winter's energy crisis will be even worse than this year, unless the West makes fresh efforts to tame demand.
Pubs face winter ‘extinction’ with some facing energy bill spike of 500 per cent August 23, 2022 Pub landlords are facing an “extinction” this winter as a majority of operators said they feared being forced to shut down in the coldest months. Some 65 per cent of publicans said they were likely to close over winter, despite a lucrative Christmas period free of Covid restrictions, when surveyed by industry title The Morning [...]
Energy UK calls on Government to offer loans to businesses facing ultra-high bills August 18, 2022 Energy UK has called for the Government to work with industry and financial institutions, and bring in a deficit tariff scheme.
Keir Starmer’s plan to freeze the price cap would leave us all out in the cold August 18, 2022 There is an old nursery rhyme about how an elderly lady tried to rectify swallowing a fly by swallowing a spider, only to quickly realise she would now need to deal with the spider. She proceeds to consume a whole host of animals until she predictably dies. It’s a pleasingly nonsensical and morbid illustration of [...]
The Works warns of cost of living impact on Christmas sales August 8, 2022 Stationery chain The Works has slashed its guidance for the 2023 financial year and warned about consumer spending amid the Christmas spending period. The London-listed company, which sells discount books, toys and art supplies, said the general market outlook had “deteriorated” since the start of the calendar year, pointing to “low consumer confidence and rising [...]
Phantom Peak review: £34 without any drinks? Call the sheriff – let’s shut this place down August 5, 2022 Workers are spending more than seven pounds on a pint these days in London. I have been one of those people. Getting ripped off is tiring, but so many places rip you off in London that it feels impossible to keep track of what’s actually a good price, and what feels acceptable but actually isn’t. [...]
Energy watchdog Ofgem to review price cap quarterly ahead of ‘challenging winter’ August 4, 2022 Energy regulator Ofgem said this morning that the energy price cap will be reviewed quarterly, rather than every six months, as it warned that customers face a “very challenging winter ahead”. The regulator said the change would go “some way to provide the stability needed in the energy market”, adding: “It is not in anyone’s [...]
Startups restraining breakneck growth plans in hunt for funding, says VC chief July 28, 2022 UK startups are paring back growth-at-all-costs business plans and mapping out firmer routes to profitability as recessionary fears cause investors to pull back from higher risk bets, a top venture capital chief said today.