Shop price inflation highest in a decade as Brits feel cost of living squeeze February 2, 2022 Retail inflation has soared in the past month, with Brits eyeing discount retailers for cheaper prices as the country faces a cost of living squeeze. Shop price annual inflation surged to 1.5 per cent in January, according to the British Retail Consortium (BRC) and Nielsen IQ shop price index. This was up from 0.8 per [...]
Tesco to axe 1,600 jobs in fresh restructuring plans as union enters consultation talks February 1, 2022 Around 1,600 roles could be axed by Tesco as the supermarket has announced further cuts. The supermarket is planning to restructure its night stock replenishing operations, as well as the closure of some in-store counter services and the Jack’s store format. Tesco said it was moving overnight re-stocking to the daytime in 36 large stores [...]
Households face extra £180 a year on average grocery bill February 1, 2022 Households are facing an extra £180 to their annual grocery bill after inflation has seen prices surge in recent months. The latest four-week grocery price inflation stands at 3.8 per cent, a 0.3 percentage point rise from December, according to the latest market data from Kantar. Take-home supermarket sales dropped 3.8 per cent over the [...]
London markets post mixed day to kick off week as Vodafone climbs January 31, 2022 London markets kicked the week off in mixed style yesterday despite investors taking kindly to news that telecoms giant Vodafone is being targeted by an activist investor. The capital’s premier FTSE 100 index edged down 0.02 per cent to 7,464.37 points, while the mid-cap FTSE 250 index, which is more aligned with the health of [...]
Tesco axes fresh meat, fish and deli counters in 317 stores January 31, 2022 The supermarket giant said it will shut counters across 317 of its supermarkets where it has seen “lowest demand” amid changes in customer habits. It is understood the move will impact hundreds of workers, although the retailer did not disclose the total number of affected staff. It added that it will shut seven of its [...]
For casual wine tasting there’s no better place than Humble Grape January 27, 2022 If you are looking for a fun and simple way to get out of your wine comfort zone then let me recommend Humble Grape. With various locations around London, I stopped into my local one in Battersea for a casual dinner and discovered ‘Tasting Tuesdays’ where, for only £15, one can try four wines selected [...]
Chancellor on the brink? It’s not what you think January 26, 2022 Jason Meyers explores what January 3 2009 means to a decentralised world, and if there's a solution to keeping the Chancellor off the brink.
Amazon, NHS, Google, Tesco or Apple perhaps: These are the companies we want to work for the most January 22, 2022 As we all have differing dreams and ambitions, the organisation we want to work for can vary. S ome of us are motivated by working in sectors that offer the most financial gain, whereas others are interested in jobs that can make a real difference in the world. But is there a particular organisation that [...]
Unilever makes £50bn bid for GSK’s consumer business January 15, 2022 Unilever has confirmed reports it made an unsolicited £50bn bid to snap up Glaxo Smith Kline's (GSK) consumer goods business.
Asos announces move to London’s main market January 13, 2022 Asos announces move to the main market of the London Stock Exchange after 20 years on the junior Aim market