Salary slaves: 2021’s best and worst paid industries and the UK’s fastest-growing sectors October 14, 2021 Earlier this week, Morning Wire revealed private equity firms are prepared to pay junior staff with less than two years experience an average salary of more than £152,000, a jump of 52 per cent compared to two years ago. For those with two to four years of experience, an salary of around £181,000 has become [...]
Dunelm notches up sales growth on top of last year’s lockdown boost October 14, 2021 Homewares chain Dunelm has said it notched up sales growth in its first quarter on top of last year’s post-lockdown boost, but flagged ongoing challenges with supply chain issues. The group reported an 8.3 per cent increase in sales in the 13 weeks to September 25 compared to the same period a year ago, when [...]
Sunak tells Brits not to worry: There will be a ‘good amount’ of Christmas presents October 14, 2021 Chancellor Rishi Sunak has told Brits not to worry about their Christmas presents this year, saying there will be a “good amount of presents available” even though supply chain issues continue to persist. Sunak was speaking after meeting with finance ministers from the G7 group of leading world economies to talk about the problem, with [...]
Businesses facing all-time difficult battle to recruit staff October 14, 2021 Nine out of ten hotel and catering firms struggled to recruit in the third quarter, as hospitality bosses have called for government intervention. Pub bosses are struggling to find chefs while nightclubs have found it hard to recruit door staff. There have been calls in the hospitality sector for a Covid Recovery Visa to help [...]
Chicken boss warns shoppers face price hikes in ‘different world’ October 13, 2021 Food prices are set to rise 10 per cent thanks to uncontrollable inflation, the boss of Britain’s biggest chicken firm has warned. Ranjit Boparan, founder of 2 Sisters Food Group, told The Telegraph that consumers were facing a “great food reset,” amid supply chain disruptions. Food companies will have no choice but to pass costs [...]
UK urges people not to start panic buying Christmas gifts October 13, 2021 A day after Washington warned U.S. shoppers they might not get all they want this Christmas, the UK has urged people not to start panic buying gifts. Watch the full report.
Amazon faces £100m compensation case as London drivers demand employment rights October 13, 2021 Multiple self-employed Amazon delivery drivers are seeking employment rights from the digital giant, a case that reports say could potentially cost the digital giant over £100m. Law firm Leigh Day is launching moves against delivery giant Amazon over workers’ rights, which it says could result in compensation totalling millions of pounds. Leigh Day claims thousands [...]
£2bn loss in 15 mins: THG in the dark over what caused share price drop of 35 per cent October 13, 2021 THG said today it still has not figured out what caused the online retailer’s share price to nosedive by 35 per cent during a shareholder meeting yesterday afternoon, wiping £2bn off its value. The firm’s management stressed they had not revealed any new information that might have caused such a major swing in the embattled [...]
Charlotte Tilbury hit with Instagram ban over posts from Made in Chelsea star October 13, 2021 Beauty brand Charlotte Tilbury was faced with an Instagram ban this morning after ads from Made in Chelsea star Eliza Batten failed to mention that they were paid-for posts. An Instagram reel and story posted by former Made In Chelsea star Eliza Batten in January showed her applying various Charlotte Tilbury products, with a swipe-up [...]
‘Transformer’: Hasbro CEO Brian Goldner dies aged 58 two days after taking medical leave October 13, 2021 Hasbro chief Brian Goldner has passed away aged 58, the company said this morning. The announcement came two days after the company based in Pawtucket, Rhode Island, said Mr Goldner was taking a medical leave of absence. As chief executive and chairman, Goldner spearheaded Hasbro’s transformation from a toy company to an entertainment force. Hasbro [...]