Sainsbury’s Christmas sales slip despite online boost January 8, 2020 Sainsbury’s suffered the biggest drop in Christmas sales of general merchandise since it bought Argos in 2016, as consumer demand for toys and games weakened. General merchandise sales, which includes Argos, dropped 3.9 per cent in the 15 weeks to 4 January, driving a 0.7 per cent decline in total retail sales excluding fuel. However, [...]
Creepy micromanagement won’t drive productivity — try trusting staff instead January 8, 2020 Calling all employers: what was in your Christmas stocking? Did you find the latest gadget designed to enhance productivity? The innovative device, featured in the media during the festive season, is a toilet with a downward sloping seat. The company which makes it, StandardToilet, has conducted extensive tests. A slope of 13 degrees is exactly [...]
BBC iPlayer bags best ever festive fortnight thanks to Gavin and Stacey boost January 8, 2020 The BBC has hailed its most successful Christmas catch-up period ever as viewers clamoured for top shows such as Gavin and Stacey. BBC iPlayer booked 203m requests to download or stream programmes between 20 December and 2 January – up more than a third on last year and a new record for the platform. Read [...]
Hong Kong Racing Tips: What A Legend can be the Star for Valley punters January 7, 2020 WITH Christmas festivities and new year celebrations out of the way, it’s back to the serious business of finding winners at Happy Valley in Hong Kong today. Having had to endure a two-week break from any action at the inner-city track over the holiday period, you can guarantee racegoers with be flocking through the turnstiles [...]
Beijing appoints new envoy to Hong Kong as frustration grows over protests January 7, 2020 China has appointed a new envoy to Hong Kong in a sign of Beijing’s growing frustration at the ongoing protests in the financial hub. Luo Huining, a previous governor of Qinghai province, has replaced the previous head of the liaison office, the Chinese government’s most important office in the special administrative region. Read more: Hong [...]
South Western Railway’s future at risk as losses hit £137m January 7, 2020 South Western Railway is on the brink of collapse, its auditor has warned after it swung to a massive £137m loss in its latest financial year. Deloitte warned there is “significant doubt” over the future of the strike-hit firm, which could be nationalised by the Department of Transport (DfT) in order to keep its rail [...]
Christmas supermarket sales growth slows to four-year low January 7, 2020 Supermarket sales growth over the Christmas period slowed to the lowest rate in four years as shoppers watched their budgets over the festive period. Retailers reported sales of £29.3bn, up £50m on last year, however growth slumped to the lowest rate since 2015. Read more: Morrisons sales fall in ‘unusually challenging Christmas period’ Year-on-year supermarket [...]
Aston Martin shares fall as it warns annual profit will halve January 7, 2020 Aston Martin today warned annual core profit could halve as European sales weakened over its peak Christmas period. The struggling luxury car manufacturer told investors that annual earnings before interest, tax, depreciation and amortisation (Ebitda) will sink to between £130m and £140m. Read more: Aston Martin swings to £13.5m loss as it blames ‘soft’ UK [...]
Morrisons sales fall in ‘unusually challenging’ Christmas period January 7, 2020 Supermarket giant Morrisons has announced a drop in sales for the Christmas period amid “unusually challenging” trading conditions and “sustained” customer uncertainty. Group like-for-like sales excluding fuel fell 1.7 per cent for the 22 weeks to 5 January. Including fuel, the drop was 2.8 per cent. Total sales excluding fuel were down 1.3 per cent, [...]
Boeing ‘mulls raising more debt’ as aerospace giant feels the pinch January 6, 2020 Boeing is said to be considering whether to raise more debt to boost its finances, which have come under intense strain from the grounding of its 737 Max jet. The firm has already taken a nearly $10bn (£7.6bn) hit on the 737 Max since the second of two crashes involving the jet happened in March [...]