Half of all staff may leave: Apple braces for exodus of workers as return-to-office order does not fly well May 5, 2022 Staff at iPhone and laptop giant Apple are reportedly so unhappy with the company’s return-to-office policy that half of all workers is considering to leave. In March, Apple informed most of its employees they would be expected to return to the office on 11 April, and the company made clear it expects its staff to [...]
Take the Brexit bus: Brits living in Spain no longer allowed to drive after deal collapses May 4, 2022 Tens of thousands of British nationals living in Spain are no longer able to use their current licence as the UK and Spain have failed to reach a post-Brexit deal on the use of British driving licences. From 1 May, British expats in Spain are hit by a driving ban as they are no longer [...]
UK watchdog launches probe into tiny accountancy firm King & King over Sanjeev Gupta audits May 4, 2022 The UK’s accounting watchdog has launched an investigation into four audits carried out by little-known accountancy firm King & King, of firms linked to embattled steel magnate Sanjeev Gupta. The Financial Reporting Council (FRC) said it would be probing King & King’s audits of financial results posted by four of separate companies linked to Sanjeev [...]
The City View: Michael Hewson on why calls for a windfall tax are misplaced May 3, 2022 Today Andy Silvester talks to Michael Hewson, Chief Market Analyst at CMC Markets. They pick apart the arguments for a windfall tax on BP, discuss potential rate rises from the Fed and Bank of England, and go through the impact that China’s zero-Covid policy has had on manufacturing in the country. And in other news [...]
Head and shoulders above the rest May 3, 2022 Gail and Matt Waterman’s company is literally a growth business – it specialises in revolutionary products for hair loss problems. A kitchen table business that has blossomed into something quite remarkable, so remarkable in fact that in less than a decade it has gone from selling two items a day to 500,000 each month and [...]
Hilton marks ‘better than expected’ performance as travel demand returns May 3, 2022 Hotel operator Hilton has reaped the rewards of an international travel resurgence, posting an adjusted EBITDA of $448m for the first quarter. Demand dipped earlier in the year as a surge in Omicron Covid cases prevented many from travelling abroad. However, the easing of Covid restrictions has seen demand for travel flooding back. Hilton Worldwide Holdings [...]
Cazoo remains ‘laser focused’ on long-term objectives despite macroeconomic headwinds, says boss May 3, 2022 Cazoo remains “laser focused” on long-term strategy despite ongoing macroeconomic headwinds, its chief executive Alex Chesterman said today. The online car retailer announced that quarterly revenues soared 159 per cent, less than a month after the online car retailer posted profits worth £25m for the year ended 31 December. In the first three months of [...]
John Lewis planning to lure hundreds of engineers as it plots big retail push online May 3, 2022 Retail giant the John Lewis Partnership is zooming in further on its online operations as it is planning to recruit for more than 150 roles in engineering and delivery driving. John Lewis, which also owns Waitrose supermarket, said its recruitment drive will help grow its online stores, which together have more than 55m visits a [...]
Today: Tens of thousands of Post Office workers stage a strike as they demand more pay May 3, 2022 A one-day strike by Post Office workers in a dispute over pay started this morning. Members of the Communication Workers Union (CWU) voted overwhelmingly in favour of industrial action in April. The union said the strike is over a pay freeze for 2021 and the offer of a 2 per cent increase from April this [...]
Slack’s technology chief says staff are returning to the office, with flexibility key to hybrid working May 2, 2022 The head of technology at Slack, a messaging platform widely used during the pandemic, has confirmed some of the company’s employees are heading back to the office on a hybrid basis. Cal Henderson made his comments after the firm added almost 60,000 corporate customers during coronavirus, amid a boom of home working, and then hybrid working. On getting [...]