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UK sales rise offsets international fall at I Saw It First but online fashion brand remains in the red
A rise in UK sales at online fashion brand I Saw it First offset the drop in international demand during its latest financial year, new documents have revealed. The Manchester-headquartered company has posted an overall jump in sales of 30% for its latest 12 months but remained in the red with losses totalling £7.8m. Newly-filed …
Business
Sky News
Sainsbury’s warns of ‘intensifying pressure on household budgets’ as sales fall
Sainsbury’s has reported a fall in sales as shoppers cut back on spending amid intensifying “pressure on household budgets”.The company saw a 4% drop in like-for-like sales, excluding fuel, over the 16 weeks to 25 June, compared with the same period last year. The slump was largely driven by weakness in sales of general merchandise …
Business
Sky News
UK new car sales slump to worst June in 26 years
The UK car industry has been hit by its worst June for new car sales since 1996. Registrations of new cars plummeted about 24% last month compared with June 2021, according to the Society of Motor Manufacturers and Traders (SMMT). Manufacturers have had problems fulfilling orders due to global shortages of semiconductors, the trade body …
Business
Sky News
Think your travel insurance will cover you against strikes? You may want to double-check…
Almost half of insurance policies don’t protect holidaymakers from cancellations caused by industrial action, the consumer group Which? has found.Its analysis of 199 packages offered by 71 providers found that 40% did not offer cover for strike action. Travellers are being warned to brace for chaos this summer as unions vote to strike in a …
Business
Evening Standard
Tesla faces fresh discrimination claim from staff
Tesla is facing a lawsuit from 15 Black staff who accuse the electric car giants of racial discriminationWhat is the complaint?They say Tesla has been turned “into a racially hostile work environment”. On purpose, is the suggestion. They say use of the N-word is common and goes unpunished. And that black staff are routinely overlooked …
Business
Evening Standard
Glass ceiling still firmly in place in the C-suite
Any observer Zooming into the boardrooms of Britain’s biggest companies might initially be impressed by the healthy gender mix of the directors sitting round the table.More than a decade after the launch of the Davies review into women on boards much progress appears to have been made. Now around four out of 10 FTSE 100 …
Business
Sky News
Kellogg’s loses legal challenge against new rules on sugary cereals
Kellogg’s has lost a legal challenge against the government over new food regulations that would stop some of its cereals being prominently displayed in shops.The maker of Coco Pops and All-Bran took legal action against the Department of Health and Social Care (DHSC) over the rules, which come into force this October. Under the plans, …
Business
Sky News
9 tips to reduce how much petrol or diesel you use amid record fuel prices
Petrol has crept over £1.90 per litre, while diesel is not far off £2, and chancellor Rishi Sunak is considering calls for a more substantial fuel duty cut.Things are so bad that some people are unable to afford to fuel to get to work. While help from the government would be welcomed by motorists, there …
Business
Evening Standard
Why a cut in VAT would NOT solve the cost of living crisis
Can VAT save the economy? Probably not.As a VAT consultant I tend to view much of life through a VAT lens. Most of the time VAT has little relevance to the wider world, apart from adding 20% to most goods and services we consume in the UK. Occasionally, it does raise its head, for example …
Business
Sky News
EasyJet chief operating officer resigns amid growing anger over flight cancellations
EasyJet’s chief operating officer has resigned amid growing anger over flight cancellations.The airline has axed thousands of flights in recent months, including many on the day they were expected to leave for destinations. EasyJet recently announced plans to cut more flights over the busy summer period and apologised to customers for failing to “deliver the …
Business
Sky News
EasyJet’s operating chief resigns as anger grows over cancelled flights
EasyJet’s chief operating officer has resigned amid growing anger over flight cancellations.The airline has axed thousands of flights in recent months, including many on the day they were expected to leave for destinations. EasyJet recently announced plans to cut more flights over the busy summer period and apologised to customers for failing to “deliver the …
Business
Sky News
British families ‘brutally exposed’ to cost of living crisis due to 15 years of stagnant wages
Fifteen years of stagnant incomes have left families “brutally exposed” to the cost of living crisis, a report has found.Many families have been unable to build up the savings needed to cope with growing prices this year, according to the Resolution Foundation think tank. In the 15 years leading up to the COVID pandemic, the …

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