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Clarks’ workers continue to strike amid shoe retailer’s ‘fire and rehire’ policy
Workers at Clarks in Somerset are continuing to strike amid a ‘fire and rehire’ policy they say will reduce pay and conditions. The shoe retailer posted a record loss of £180m for last financial year with a £600m drop in revenue – down 45%. It said the move would protect the future of the firm …
Business
Business Live
The benefits of independent financial advice
Following last week’s column on the difference between receiving independent financial advice, or advice from a “restricted” adviser, I had a few queries to answer. A restricted adviser works for just one company. An independent financial adviser chooses from all the companies and options available based on the needs of the person in front of …
Business
Evening Standard
Banks pull cheapest mortgage deals off market as interest rates set to rise
Banks are pulling their cheapest mortgage deals off the market as interest rates rise, sending the cost of home loans sharply upwards.The City now expects the Bank of England to raise rates from historic lows of 0.1% either next month or the month after, with base rates expected to hit 1% by August.Analysis for the …
Business
Business Live
Devon’s ‘forest’ school Outdoors Group moves to larger base
A Devon organisation which runs outdoor schools in woodland has moved to larger premises after outgrowing its former base. The Outdoors Group, which offers alternative educational provision based entirely outdoors, is moving from Exeter’s Basepoint Business Centre after buying a former health centre called Western Lodge, in Crediton. The property is a single-storey building which …
Business
Business Live
21 years after starting as one-man operation North Wales estate agent now has 25 staff across seven offices
A well known estate agent is celebrating a landmark anniversary after growing staff numbers over the pandemic. Williams Estates has handed over the keys to thousands of homes across North Wales over the last 21 years. Director Jason Williams launched the company at the turn of the century and has grown it strategically from one …
Business
Sky News
Inflation: Six things consumers are having to pay more for
The latest inflation figures, on the face of it, contain little to worry us members of the public because the headline measure fell back.The Consumer Prices Index (CPI) which charts the price adjustments in a basket of goods and services, eased from an annual rate of 3.2% to 3.1% in September. The rate has climbed …
Business
Sky News
Burberry goes shopping for British Versace boss Akeroyd to succeed Gobbetti
Burberry has revealed it has poached the boss of Versace to succeed Marco Gobbetti as chief executive.The luxury brand’s shares plunged by 10% when Gobbetti – credited with turning around Burberry’s fortunes over his four-year stint, announced he was leaving at the end of the year to return to his native Italy. The stock was …
Business
Sky News
Inflation steady at 3.1% ahead of predicted surge in the cost of living
The rate of inflation crept down slightly to an annual rate of 3.1% in September, according to official figures which are tipped to surge in the months ahead and force the Bank of England to intervene.The Office for National Statistics (ONS) said rises in the cost of fuel last month, without even reflecting the impact …
Business
Sky News
Gaming giant that owns Call Of Duty and Warcraft sacks more than 20 staff after harassment claims
Video games giant Activision Blizzard has fired a number of employees following sexual harassment and discrimination allegations. The company, which owns the Candy Crush and Call Of Duty franchises, said it has sacked more than 20 members of staff following the claims and 20 more individuals are facing other forms of disciplinary action. In a …
Business
Evening Standard
UK banks: another set of numbers to disguise the rot
This week sees the UK Bank reporting season begin. Lloyds, HSBC, and Barclays look set to produce decent numbers and limited losses on post pandemic recovery.  The outlook is positive, the regulator will allow them to increase dividends, and there is higher income potential from rising interest rates.On the other hand, banks exist under the cosh …
Business
Sky News
$1bn Gorillas fundraising shows appetite for growth in rapid grocery delivery sector
It has been one of the most dramatic developments in retailing during the last year.The “rapid grocery delivery” sector has seemingly sprung up overnight with names that were barely known 12 months ago, such as Gorillas, Getir, Zapp, Jiffy, Weezy, Fancy, Asap and Dija, suddenly becoming ubiquitous. To them can be added offerings from more …
Business
Sky News
Can cafe culture and more social opportunities save the high street?
As we begin to hit the shops ahead of Christmas, retail sales are back to pre-pandemic levels for the first time since restrictions eased in April.We are now spending more on items like clothing and furnishings than we were in February 2020, according to real-time credit and debit card data from the Office for National …

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