Asda accused of ‘fire and rehire’ in row over pay cut plans for 7,000 May 18, 2023 Asda and a union representing 7,000 workers have entered into a furious row, after the supermarket giant was accused of “inexcusable” pay cut plans. The chain rejected claims it is going to cut the pay of 7,000 low-paid retail workers, insisting it is in the middle of a consultation to remove an “anomaly” in the [...]
Paul Scully launches bid to become London mayor – here’s how he hopes to win May 18, 2023 Conservative MP Paul Scully has pledged to switch off ULEZ cameras in the extended zone on “day one” if elected London mayor, as he launched his bid to be the Conservative candidate. Currently minister for London, Scully, MP for Sutton and Cheam, is pausing his frontbench work while he aims to be selected as the [...]
900 City of London Corporation staff to strike this month – with Tower Bridge, Barbican and Old Bailey impacted May 18, 2023 Workers at tourist attractions across London are to strike in a dispute over pay. The GMB union said 900 of its members employed by the City of London Corporation will walk out on May 25 at attractions including Tower Bridge, Barbican, museums, gardens, parks and markets after voting overwhelmingly in favour of industrial action. The [...]
Sunak insists he will bring down taxes when inflation cools May 18, 2023 Rishi Sunak has insisted he will bring down taxes when inflation cools and claimed the economy is defying expectations. It comes after economists warned one in five people will be paying the higher rate of tax under his policies. The Prime Minister said the nation’s finances are receiving boosts from the departure from the EU, [...]
Startup Spotlight: Jnck Bakery May 17, 2023 Jnck Bakery was founded by brothers Sean and Alex Brasill in 2021 as a passion project focused on the UK obesity crisis and lack of healthy food innovation. Seeing an opportunity to create something that makes a positive difference – and tasted good – they created the world’s first HFSS-compliant cookie. Now halfway through their [...]
Cost of living overwhelmingly top concern for UK public, poll finds May 17, 2023 The cost of living crisis continues to be the top concern for Britain’s voters, a new poll has found. Pollsters at More in Common (MiC) found 75 per cent of those surveyed cited the cost of living crisis as their number one priority that the government should address. Only 44 per cent said supporting the [...]
Bank of England governor Andrew Bailey warns of uncertainty over inflation drop May 17, 2023 The risk of inflation staying higher for longer than the Bank of England’s two per cent target than it expects is mounting due to the slow reduction of wage pressures and price rises, the Governor of the central bank warned today. Speaking at the British Chambers of Commerce’s (BCC) annual conference, Andrew Bailey warned the [...]
No Cowgill, No Problem: JD Sports nears billion-pound profit May 17, 2023 JD Sports announced record profits this morning despite a challenging economic environment and the exit of longtime chief Peter Cowgill
On the Beach Group share price tumbles after big marketing spend May 16, 2023 Package holiday retailer On the Beach saw its shares drop 15 per cent to 107p today, after its narrowing losses and uptick in bookings were not enough to reassure investors. The Manchester-based travel company saw pre-tax losses shrink from £7m to £6m in the six months before March, as its group revenue rose £73.2m, up [...]
Boohoo share price soars as profits halve: Brits ditch fast-fashion and head back to the high street May 16, 2023 Online fashion retailer Boohoo said its profits halved, as the cost of living crisis continues to hit consumers’ spending and Brits flock back to physical stores. Pre-tax profits for the group halved during the 12 month period ended 28 February 2023 to £63.3m, down 49 per cent, with revenues dropping 11 per cent to £1.77bn. [...]