Almost 300 jobs at risk at Asda and 4,100 staff face pay cut January 26, 2023 Asda has unveiled a major shake-up of store operations, which will put close to 300 roles at risk and reduce pay for more than 4,000 night workers. The supermarket chain has proposed that some overnight restocking shifts at 184 stores are moved to the daytime, putting 211 night shift manager roles at risk. It said the [...]
Explainer: How human rights laws could soon change in the UK January 25, 2023 In all these years of Brexit politics, one of the main themes was the Conservatives’ desire to be more independent from European courts. By leaving the EU, they partially achieved this goal – yet the UK is still part of the European Convention on Human Rights, still subject to the decisions of the European Court [...]
Ukraine’s other war: Deputy head of Zelensky’s office QUITS as Kyiv roots out corruption while army fights Putin January 25, 2023 A high-level shake-up in the Ukrainian government has cost nearly a dozen senior officials their jobs as the president sought to root out entrenched corruption while conducting the fight against Russia’s invasion. The deputy head of Ukraine’s presidential office quit after President Volodymyr Zelensky pledged to address high-level corruption allegations, including some related to specific [...]
Seven travel trends for 2023 January 24, 2023 From Rebel Spending to Modern Family Travel, a new report from travel trend forecasting agency Globetrender has revealed a vision of what travel will be like in the year ahead, where people will be going to and what will be motivating their booking decisions. Download the full report here, but read on for the seven [...]
Goldman Sachs to slash underperforming £48bn investment book amid profit crunch January 23, 2023 Wall Street titan Goldman Sachs could shift billions of dollars worth of underperforming private equity and real estate investments that have dogged its finances, its top money manager hinted today. In an interview with Reuters, Julian Salisbury, chief investment office of asset and wealth management at the firm, said the bank will “see a meaningful [...]
Top Gun: Maverick and pricier tickets help Everyman cinemas post 75 per cent boom in earnings January 23, 2023 Blockbuster movie Top Gun: Maverick helped boost Everyman Media’s revenues by 62 per cent as Brits continue to embrace cinema going as an affordable luxury. The company, which has 14 of its 38 cinemas in greater London, announced its annual update to December, reporting revenue of £79.7m which is up from the previous covid-impacted year [...]
Glass half-full: Why Fuller’s chief remains optimistic despite strikes leaving a £4m dent in Christmas sales January 23, 2023 Pub chain Fuller’s lost £4m in sales due to the impact of strikes over Christmas and new year, as its chief warned of lower expectations for the full year. Chiswick-based Fuller, Smith and Turner reported in the 43 weeks to January that like-for-like sales were up a fifth on the Covid-impacted previous year – despite [...]
Rishi Sunak and Jeremy Hunt to shun tax cuts in March budget despite £11bn energy windfall January 23, 2023 Jeremy Hunt and Rishi Sunak will hold fire on tax cuts at the 15 March budget despite being handed an around £11bn windfall from international energy prices falling to pre-Russia-Ukraine war levels, according to top economists’ predictions gathered by City A.M. Brits will have to wait until the run up to the next general election, [...]
Week ahead: Recession signals to flare up in fresh PMI and government borrowing to hit £18bn January 22, 2023 Investors this week will be eyeing fresh surveys for more clues on whether the UK economy has slipped into recession. London’s premier FTSE 100 index’s strong start to 2023 came off the boil slightly last week, shedding nearly one per cent to close at 7,770.59 points, while its mid-cap domestically-focused peer the FTSE 250 dropped [...]
Where are Lloyds and Halifax closing 40 branches in 2023 and what does the high street exodus mean for you? January 20, 2023 Lloyds Banking Group said it will close a further 40 branches this year, as the exodus of banking branches from Britain’s high streets continues. Lloyds will close the doors at 22 branches while there will be 18 closures at Halifax. The branches will be closed between April and June this year. The bank noted that [...]