Square Mile’s largest employers embrace hybrid working, the details May 8, 2021 The majority of the largest employers in the City of London have vowed to continue with some sort of hybrid approach to working, after pandemic-led restrictions forced the biggest home working experiment in history. With Covid-19 cases falling and millions of people successfully vaccinated, staff are trickling back into London’s offices, and companies are turning [...]
US job growth crashes below expectations amid labour shortages May 7, 2021 US job growth was far slower than expected in April as labour shortages left employers scrambling to meet booming demand as coronavirus restrictions ease. Non-farm payrolls increased by just 266,000 jobs last month, well below estimates of 1m, according to figures from the Labor Department. It also marks a significant slowdown from the 770,000 jobs [...]
Supply chain pioneers, CORE (UK) Ltd win The Queen’s Award for Enterprise for International Trade May 7, 2021 We’ve launched our 5 step guide to building a digital supply chain which you can download here https://www2.core-uk.com/5-steps-to-advance-your-digital-supply-chain/ UK’s most prestigious business accolade awarded to independently owned digital supply chain management pioneers CORE (UK) Ltd for growth and commercial success in international trade Software innovation is at the heart of CORE’s international growth success. Their [...]
Divido and conquer May 7, 2021 Divido’s co-founder and chief executive, Christer Holloman, has stated that the company’s long-term goal is to be the world’s largest white label platform for retail finance software. One might be forgiven for thinking that 12 months into a global pandemic that ambition may now be a little ambitious, even for one of the world’s brightest [...]
Ex-John Lewis MD to lead Sainsbury’s £7.8bn clothing and homewares unit May 6, 2021 Former John Lewis managing director Paula Nickolds has joined Sainsbury’s to lead the supermarket’s general merchandise and clothing business. Nickolds left John Lewis in January last year, after 25 years with the firm, as the department store chain issued a profit warning. She had been set to become executive director of brand and marketing as [...]
UK funds back in favour off the back of successful vaccine rollout May 6, 2021 After a long period of neglect, investors are finally warming to UK funds again off the back of the success of the vaccine rollout. The latest set of Investment Association figures show savers invested £472m into funds in the UK All Companies sector. It comes as the country starts to open up and investors pin [...]
Next raises profit outlook on strong winter sales May 6, 2021 Next has raised its profit outlook for the second time in two months as the high street retailer reported stronger than expected sales for the winter period. The group raised its pre-tax profit guidance for the year to £720m, up from £700m forecast in April. Shares jumped 0.9 per cent to 8,200p at market open. [...]
‘Light at the end of the tunnel’ for Superdry after reporting return to growth May 6, 2021 Superdry sees “light at the end of the tunnel” after reporting a return to revenue growth in the fourth quarter, boosted by its ecommerce division. In a trading statement Superdry said it had been “substantially impacted” by the pandemic with group revenue for the full year down 21 per cent year-on-year to £556.6m. However the [...]
Shopper numbers surge as stores reopen but retail footfall lags behind pre-pandemic levels May 6, 2021 The number of shoppers visiting UK retail destinations surged last month as non-essential stores were able to reopen for the first time in months. However, despite the spike caused by the lifting of lockdown restrictions, retail footfall in April remained 32.7 per cent lower than pre-pandemic levels in 2019. It was an improvement from the [...]
FTSE 100 ends the day on a high while Dow hits new record May 5, 2021 Heavyweight mining stocks pushed the FTSE 100 higher today while Wall Street opened higher on strong jobs data as the Dow Jones hit a record high. The blue-chip index closed 1.68 per cent higher, buoyed by chemicals group Croda’s shares soaring towards the top of the index after it announced a business review assessment. The [...]