WH Smith faces investor revolt over executive pay January 16, 2022 WH Smith faces a revolt from investors after it was announced boss Carl Cowling was in line for a £550,000 bonus despite the firm not paying back government pandemic support.
Private equity firms readying bids for Boots after owner puts chain on sale for £7bn January 16, 2022 Private equity firms are readying to enter the auction for high street chemist Boots after its American owner Walgreens Boots Alliance put the chain on the market for £7bn.
Amazon’s ban on Visa circumvented as users still be able to pay with credit cards on e-com’s platform January 14, 2022 From Wednesday, Amazon will no longer accept Visa credit cards issued in the UK. However, one company told Morning Wire this afternoon it has found a way to which allows users to pay by Visa Credit on Amazon, so customers can continue using their Visa Credit cards on Amazon. Curve claims to be “the only [...]
Pubs lament ‘dreadfully disappointing December’ but toast rebounding January sales January 13, 2022 Pubs and restaurants were knocked back by low trade over the Christmas period, although rebounding sales in recent days have offered a ray of hope for the beleaguered sector. Sales in pubs, restaurants and bars were down 60 per cent on Christmas Day on pre-Covid levels, according to data from UKHospitality and CGA. Transactions were [...]
Card Factory warns of lower profits this year as inflation bites January 13, 2022 Card Factory has warned shareholders of lower profits this year due to rising inflation in the UK, which sent its share price into the red. The “significant inflationary headwinds” facing the card maker has already seen it hike prices while it focuses on making the business more efficient. However, the London-listed company cautioned that, despite [...]
Demand for staff swelling: Frantic recruitment efforts as vacancies climb but job candidates dry up January 13, 2022 Demand for staff is growing across the country amid a continued fall in the number of candidates for jobs, new research suggests. Recruiters warned this morning they are placing record numbers of permanent and temporary workers into jobs as demand for staff continues to grow across the country. Meanwhile, the number of available job candidates [...]
Asos shares jump after posting ex-Paddy Power boss to board January 13, 2022 Asos has posted the former boss of Paddy Power to its board today, in a move which helped pushed the retailer’s share price up over 10 per cent. The online retailer also announced this morning that it would be shifting to London’s main market, after two decades on the junior AIM index. Patrick Kennedy, who [...]
All Bar One owner reveals sales slump as Omicron keeps drinkers away January 13, 2022 All Bar One owner has revealed a slump in sales in the final eight weeks of 2021.
It’s not just growth, it’s M&S growth: Supermarket reports ‘encouraging’ festive results January 13, 2022 Luxury supermarket M&S sustained a strong performance through the Christmas period, making it the fastest growing major store-based food retailer in the festive run up.
Asos flies in clothes to manage supply chain delays and forced to sell products at a discount January 13, 2022 Online fashion giant Asos said this morning it had to fly in clothes to manage supply chain delays and sold more products at a discount as competition heated up over the autumn months. The company also revealed it suffered from the various lockdowns imposed in Europe as Omicron spread, but sales held up in the [...]