Issa brothers’ EG Group posts subdued profit due to cost of living pressures on consumers September 1, 2022 The Issa brothers’ EG Group has posted subdued profit for the second quarter, as the petrol station forecourt operator said “the cost-of-living squeeze remains front of mind for all of us.” EG Group saw group EBITDA slump 6.5 per cent to $355m (£308m), for the three months to 30 June, it shared on Thursday. The [...]
Khan pumps fresh cash into London creatives as energy bills spiral September 1, 2022 The Mayor of London Sadiq Khan has pledged £1.2m to help creative workspaces in London to become greener and more energy efficient.
It is the death of sustainability as merciless cost of living mayhem pushes UK firms into survival mode September 1, 2022 With the cost of living crisis predicted to continue for the foreseeable, nearly 8 in ten Brits are now worried about how the ongoing mayhem is going to negatively impact the environment. In fact, a third of all British business owners have dropped sustainability as a priority with just less than one in five still [...]
Sainsbury’s to pump tens of millions into its prices to offset inflation pressure on Brits August 31, 2022 Sainsbury’s said this morning the supermarket giant plans to invest £65m into its pricing next month amid ratcheting pressure on customers’ budgets. Simon Roberts, chief executive of the supermarket chain, promised the brand will stand with its customers “to ease the financial pressure they face”. The latest pricing pledge – which is part of wider [...]
Brits scramble to borrow more than £100bn with average loan hitting £5k as cost of living crisis deepens August 31, 2022 Brits will borrow £101.1b on new credit cards, loans, overdrafts and other forms of new credit arrangements in the next 12 months, new data shows today, Research undertaken by YouGov on behalf of financial services review platform Smart Money People, found that 71 per cent of people currently have less disposable income than they would [...]
Food prices up 5.1 per cent in last month as pressure mounts on shopper August 31, 2022 Supermarkets across the UK hiked prices by 5.1 per cent in the 12 months to August, according to new data from the British Retail Consortium (BRC).
Sainsbury’s to save 17m food items from waste by removing best before dates August 30, 2022 Sainsbury’s plans to save 17 million food items a year from waste by removing ‘best before’ dates. The supermarket giant will take off the date from 276 of its own brand items and more than 100 fresh produce products, such as onions, tomatoes and fruits. More than 130 items will follow, including potatoes, with [...]
FTSE darling Bunzl ups profitability outlook as earnings skyrocket despite steep price hikes August 30, 2022 Distribution and outsourcing group Bunzl has upped its profitability outlook as it posted a jump in its half-year earnings thanks in part to price hikes to offset soaring costs. The FTSE 100 company – which supplies businesses around the world with a variety of products, including coffee cups and food labels to department stores and [...]
40,000 BT staff strike over pay: ‘We won’t have bosses use Swiss banks while workers use food banks’ August 30, 2022 Over 30,000 Openreach engineers and 10,000 BT call centre workers are staging a walkout today over pay, as the summer of strike action continues.
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.