Pepco: British Poundland veteran parachuted in to save struggling European wing September 28, 2023 A retail veteran, who was instrumental in driving UK growth for budget outlet Poundland, has been reshuffled by Pepco to head up its struggling European division. The move comes as the arm posted its second profit warning in three weeks. Barry Williams, who served as managing director of Poundland and Dealz, in the UK and [...]
Morrisons picks former Carrefour France boss as its new chief September 27, 2023 Morrisons has appointed former Carrefour France boss Rami Baitiéh to take over as the supermarket's new chief executive.
Tower Hamlets bin strike branded ‘health hazard’ brought to an end September 26, 2023 A Tower Hamlets bin strike branded a “health hazard” has been brought to an end after workers reached an agreement with the council. Refuse had piled up for days in the east London borough , with furious residents slamming the state of the streets as “ridiculous”, a “health hazard” and an “ongoing rat buffet”. But [...]
Card Factory: Profits leap 72.7 per cent amid ‘challenging’ climate before Christmas September 26, 2023 Card Factory has reported a 72.7 per cent leap in profit before tax to the end of July, as the occasion market showed signs of strength despite the cost of living crisis. The seller of personalised celebration cards and gifts said revenues also grew 11.5 per cent to £220.8m as the company’s affordable products appealed [...]
Workplace absences at highest level in a decade September 26, 2023 Absences within the workplace are the highest they've been in a decade, according to a new report released today.
Scrapping HS2 could jeopardise all of our efforts to level up cities across the UK September 26, 2023 Scrapping the wholeof HS2 now would be an example of another famous characteristic of British statecraft: short term Treasury-driven decision making.
Lib Dems chase ‘blue wall’ voters by scrapping plan to raise income tax by 1p September 25, 2023 The Liberal Democrats have dropped their plans to raise income tax by 1p in a bid to woo Conservative voters in so-called blue wall seats during the cost of living crisis. Leader Sir Ed Davey told the BBC he ruled out tax rises even on the wealthiest as his party seeks to target former Tories [...]
Hunt’s mooted ISA reforms offer ‘a beacon of hope’ to struggling firms, business groups say September 24, 2023 Top City business groups have welcomed suggestions the Treasury could reform rules around ISAs in a bid to supercharge London-listed firms.
Miliband hits out at Sunak over net zero policy shift September 23, 2023 Rishi Sunak “does not give a damn” about climate change, Ed Miliband claimed following the Prime Minister’s decision to postpone a series of green policies. The shadow net zero secretary said Mr Sunak saw the drive to cut emissions as an obligation forced on him rather than an economic opportunity. Addressing the online conference of [...]
Retailers put all their chips on inflation cooling during golden Christmas run-up September 22, 2023 A better than expected inflation reading, and growing consumer confidence and sales, have offered a glimmer of hope for the UK’s retail sector, as they turn their focus to the vital Christmas trading months. According to today’s ONS figures, retail sales volumes rose by 0.4 per cent in August 2023, partially recovering from a fall [...]