The UK government is on the verge of agreeing to a £600 million bailout for British Steel, with the funds set to secure the future of the company’s Scunthorpe plant. This move comes as Labour signals a fresh determination to resolve long-standing issues with British Steel’s Chinese owner, Jingye, which have left the plant’s future […]
Asda has announced plans to increase the number of staff on manned checkouts across its stores, acknowledging that it has reached the limit with self-service tills. While the supermarket giant maintains that self-checkouts work well for many customers, it has decided to invest additional hours into providing more human-operated tills. Michael Gleeson, Asda’s chief financial […]
Vinted, the popular second-hand clothing app, has reversed a recent update to its delivery options after widespread backlash from users who claimed the changes made selling more difficult. The platform, which boasts over 16 million accounts in the UK, had removed the ability for sellers to choose their preferred couriers, sparking significant frustration among its […]
Chinese fast fashion behemoth Shein is gearing up to establish its first British warehouse as part of its preparations for a monumental £50bn listing on the London Stock Exchange. The company, which is now headquartered in Singapore, is focusing its search on the Midlands’ “golden logistics triangle,” a prime area renowned for its logistical advantages. […]
Pret A Manger has introduced body-worn cameras for its staff in a bid to combat the sharp rise in shoplifting and attacks on retail workers. The coffee shop chain has begun a trial in six of its London outlets, where team leaders and managers will wear the cameras. Signs have been placed in these locations […]
The BBC has officially requested that Huw Edwards return more than £200,000 of his salary, following his arrest and subsequent guilty plea to charges related to child abuse images. The corporation’s board stated that Edwards “behaved in bad faith” by continuing to accept payments after his arrest, which took place in November last year. Edwards, […]
Footfall on UK high streets has plummeted by an average of 4.8% between Sunday and Wednesday, as recent rioting across England and Belfast deterred shoppers, leading to widespread vandalism and looting. This decline, reported by real estate software firm MRI Software, significantly outpaces the 2.7% drop seen across all UK retail destinations, including shopping centres […]
British Airways (BA) has announced the suspension of its direct flights between London Heathrow and Beijing, effective from 26 October. This decision comes little more than a year after the UK’s national carrier restored the route in June 2023, following a three-year hiatus due to Covid-related travel restrictions. The airline did not provide a detailed […]
Wage growth in the UK slowed last month while demand for workers remained steady, potentially setting the stage for further interest rate cuts by the Bank of England. Research from KPMG and the Recruitment and Employment Confederation (REC) reveals that the growth rate of salaries for both permanent and part-time staff decreased in July. The […]
The British Business Bank, the government’s economic development agency, has reported a loss of £122 million for the year ending March, marking its second consecutive year in the red due to declining valuations in private equity markets. Chief Executive Louis Taylor attributed the loss to “short-term falls in the book valuation of long-term investments,” stressing […]