Tesco slapped with £7.56m fine for selling out-of-date food April 20, 2021 Tesco was slapped with a £7.56m fine for selling out of date food at three of its stores by a Birmingham judge on Monday. The judge at Birmingham Magistrates’ Court also ordered the supermarket giant to pay a victim surcharge of £170, alongside the prosecution costs of £95,500, Birmingham City Council said. The penalty was handed [...]
Jupiter records outflows of £776m as demand for European equities falls April 20, 2021 Jupiter Fund Management recorded first quarter net outflows of £776m as clients turned their back on UK and European equities. The wealth manager said mutual funds saw total net outflows of £848m due to continued lower demand for European-focused equities. It was partially offset by positive net inflows from fixed income. Shares in Jupiter fell [...]
Young people hit disproportionately by Covid jobs crisis April 20, 2021 Those aged under 35 disproportionately lost their jobs as a result of the coronavirus pandemic, as sectors like hospitality and retail were hit particularly hard by the crisis. In the year to March, nearly 635,000 under-35s saw payroll job losses in the UK, making up 80 per cent of the total payroll jobs lost during [...]
Retail and food magnate behind Selfridges and Primark dies aged 80 April 13, 2021 W. Galen Weston, the retail and food businessman behind Selfridges Group, Fortnum & Mason and Primark, has died aged 80. Weston passed away peacefully yesterday after a long illness, his family announced today. “My father’s greatest gift was inspiring those around him to achieve more than they thought possible,” said his son Galen G. Weston, [...]
Number of shoppers in central London booms as Covid restrictions are eased April 12, 2021 Footfall rocketed this morning as England eased coronavirus restrictions and non-essential retail was allowed to open for business for the first time in months. In the first few hours of trading this morning footfall in shopping centres jumped nearly 340 per cent when compared with last week, according to the latest data from Springboard. Footfall [...]
NHS Covid-19 app update blocked for privacy breaches April 12, 2021 An update to the NHS Covid-19 app has been blocked by Apple and Google for breaking the companies’ privacy terms. The app was due for a fresh reboot from today to coincide with the reopening of pubs, restaurants and non-essential shops, which would have allowed users to log venues they had checked into via a [...]
Bricks and mortar retailers ramp up hiring plans ahead of reopening April 8, 2021 Bricks and mortar retailers that have managed to survive, and in some cases thrive, during the pandemic have begun ramping up hiring plans ahead of the reopening date. According to the latest research, retail vacancies have climbed to within 14 per cent of their pre-Covid levels, after falling as much as 65 per cent last year. [...]
London City boss joins calls for global approach to lifting travel restrictions February 26, 2021 The boss of London City airport has today joined calls for the government to lead the way in implementing a set of “globally recognised travel standards” to get the capital thriving again. His comments came as business body London First said the government should champion measures allowing visitors with either proof of vaccination or a [...]
Primark owner takes £1.5bn sales hit from lockdown restrictions February 25, 2021 Primark owner Associated British Foods (ABF) this morning warned lockdown store closures would take £1.1bn off first half sales
Asda puts 5,000 jobs at risk in online shopping push February 25, 2021 Asda has put around 5,000 jobs at risk as it aims to simplify the business and focus on its online shopping offer. The grocer this morning said it had begun formal consultations with 5,000 employees, but that it will create 4,500 new jobs in online operations this year. The supermarket has proposed the simplification of [...]