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Sky News
Royal Mail fires warning shot over jobs and pay as union secures new strike mandate
The union representing 112,000 frontline Royal Mail staff is increasingly “gambling with their members’ futures”, a company source has told Sky News as a new wave of strikes looms in their bitter row over pay and modernisation plans.Speaking as the Communication Workers Union (CWU) revealed a fresh mandate for industrial action, the source declared that …
Business
Sky News
Cath Kidston owners exploring sale just eight months after buying it
The owner of the Cath Kidston retail brand is exploring a sale just eight months after buying it.Sky News has learnt that Hilco Capital, which specialises in buying distressed consumer businesses, has been approached by a number of potential buyers of the modern vintage brand. City sources said Hilco was lining up PricewaterhouseCoopers (PwC) to …
Business
Business Live
Huge £360m ‘green’ regen project in Birmingham city centre set for go ahead
Plans to create what is said to be the world’s first mixed-use net zero carbon ready development in Birmingham look set to be given the go ahead next week. The £360 million Curzon Wharf scheme could see industrial land next to the Dartmouth Circus island and the A38 Aston Expressway regenerated to house a vast …
Business
Business Live
Wilko cutting equivalent of 400 jobs in ‘fight for survival’
The Wilko discount store chain has announced the equivalent of 400 jobs are set to go as it cuts costs in a “fight for survival”. The chain had already announced it plans to cut 95 jobs at its contact centre in Worksop after outsourcing to a company in South Africa. A further 150 assistant store …
Business
Evening Standard
FTSE 100 powers past 8000 to record high as investors bet “rally has legs”
THE FTSE 100 powered through the historically significant 8000 mark today as investors bet that the future for both the global economy, and the UK, may be far rosier than pessimists fear.London’s premier share index briefly passed 8000 in late trading yesterday, but could not hold it.But today the FTSE was up another 40 points …
Business
Evening Standard
Boohoo unveils new share incentive scheme with easier targets
Fast fashion brand Boohoo launched a new performance plan for its senior management team, after determining its previous targets were so hard to reach that the existing plan had “little or no value”.Shares in Boohoo – whose celebrity ambassadors include Jack Grealish, Molly-Mae Hague and Kourtney Kardashian Barker – have halved in value in the …
Business
Evening Standard
‘We are here to steal your workers’: Londoners to be offered new life Down Under
The Australians are coming to London – and they want to take Britons back with them to solve a shortage of key workers Down Under.Teachers, police officers, nurses and doctors are among the targets of government officials from Western Australia who have over 30,000 job vacancies left open by a booming economy. And they are …
Business
Business Live
Moneysupermarket.com posts strong revenue results despite collapse of energy switching market
Price comparison giant Moneysupermarket.com Group has reported strong revenue and profit growth last year, despite the closure of the energy switching market. The Flintshire-headquartered firm reported a group revenue of £387.6m for the year to 31 December 2022, up from £316.7m 12 months earlier. The company saw strong performances in its money and travel channels, …
Business
Evening Standard
$1bn buyback from Standard Chartered, but profits disappoint City
Standard Chartered, the Asian focussed City bank, that has often flattered to deceive disappointed City analysts today with lacklustre returns.But it boosted guidance for the near future and unveiled a $1 billion share buyback that should calm any investor nerves.The shares up are 35% this year, partly driven by chatter that a foreign suitor would …
Business
Evening Standard
Aldi to hire 400 new London staff as rapid expansion continues
Budget supermarket Aldi has said it is on the hunt for another 400 workers in London as its rapid expansion across the capital continues.The German-owned firm said it is looking for people of all levels of experience to fill roles across the region, with salaries of up to £63,000.The move is part of the firm’s …
Business
Business Live
Boohoo share price collapse forces £175m bonus plan rethink
Boohoo has been forced to rethink its bonus plan after a “unique and unprecedented set of macro-economic and market headwinds experienced over the last three years”. The Manchester-headquartered group said there is now “little or no value” in the existing Growth Share Plan or the current Management Incentive Plan after its market capitalisation “significantly decreased”. …
Business
Business Live
Yorkshire housebuilder MJ Gleeson sees profits fall amid market slowdown
Housebuilder MJ Gleeson has reported substantial falls in operating profit across its homes and land divisions, following similar reports from larger rivals. The Sheffield-based plc said a lower forward order book and weaker sales after last year’s mini budget had contributed to a 19.1% fall in operating profit to £18.2m within its homes division. In …

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