Morrisons joins Sainsbury’s and Asda in major job cuts after Budget January 24, 2025 Morrisons has become the latest UK supermarket giant to announce a major round of job cuts in the wake of the government’s Budget in October. The Bradford-headquartered chain has confirmed plans to axe more than 200 roles from its retail people team. The move forms part of a wider drive to significantly cut costs and [...]
UK economy grows just 0.1 per cent following Budget January 16, 2025 Economic momentum has ground to a halt since Labour took office while business confidence has also fallen sharply, particularly in the wake of October's Budget.
Morrisons joins farmers in fight against Budget tax hike January 12, 2025 Morrisons shows its support towards the farming community, backing its call for urgent reforms to inheritance tax policies on farms following Rachel Reeves’ October Budget. In a LinkedIn video released on Saturday, Sophie Throup, the supermarket’s head of agriculture, emphasised the major Morrisons’ ongoing advocacy, reeling from the Chancellor’s sweeping inheritance tax levy. In October, [...]
Tesco shares drop despite bumper Christmas trading January 9, 2025 Tesco shares dropped two per cent in early deals this morning despite the retailer reporting abumper festive trading period. Food sales rose by 4.7 per cent in the six weeks to January 4, with a “particularly strong contribution” from fresh food, the grocer said. That’s more than double the market average of 2.1 per cent. [...]
City grandees named in the New Year Honours list 2025 December 31, 2024 Former HSBC boss Noel Quinn, Babcock chair Ruth Cairnie and the Network Rail chief executive Andrew Haines are among the big names from business and industry to be included in the New Year Honours list for 2025. The trio of heavyweights were given knighthoods and a damehood for their services to industry, transport and financial [...]
Over 200,000 retail jobs to go in 2025 as ‘permacrisis’ takes hold December 30, 2024 Over 200,000 retail jobs are set to disappear next year, along with over 17,000 stores, as the sector’s decade-long crisis continues, according to a top retail body. Online shopping, a Covid-19 hangover and high taxes are compounding a problem that began with the financial crisis in 2008, according to the Centre for Retail Research (CRR). [...]
Squirrel some Christmas cash with help from Victtorino December 17, 2024 SATURDAY’s racing offers up some tasty festive appetisers ahead of next week’s festive bonanza, which begins with a bang on Boxing Day. It’s always nice to attempt to pay for the Christmas turkey before it’s cooked, and Ascot’s card presents a few good chances of doing just that. The Grade One Long Walk Hurdle is [...]
Mark Kleinman: Unilever puts buyout firms in the deep freeze December 12, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles Unilever’s flakey ice cream approach, Thames Water’s demanding investors, and the long-winded sale of The Observer. Anyone for an ice cream fight? The decision of FTSE-100 consumer goods behemoth Unilever to [...]
Hunton Andrews Kurth raids EY for team of nearly two dozen lawyers December 10, 2024 Nearly a dozen lawyers have joined the City office of US law firm Hunton Andrews Kurth from Ernst & Young legal services arm, EY Law
Asda needs to ‘dig down into its soul’ and recover sense of purpose, say analysts December 9, 2024 Asda needs to “dig down into its soul” and reshape its pitch to customers if it wants to tackle the rising threat from the likes of Aldi and Lidl following a rollercoaster 2024, analysts have warned. The Leeds-headquartered supermarket giant has not been far from the headlines all year amid debt struggles, strikes, falling sales [...]