Investors were asked to vote today at Amazon’s AGM on whether the company should conduct an independent audit of warehouse workers wages and working conditions. Activist investor Tulipshare put forward the proposal following reports of high injury and employee turnover rates, serious injuries rates were reported about 80% more often amongst Amazon workers than other […]
The UK’s leading health and dental plan provider Simplyhealth, has announced it has invested in Ampersand, provider of digital therapies for inflammatory conditions. This collaboration will help accelerate the adoption of digital therapeutics in the UK, reducing outpatient appointments, improving health outcomes and cutting unplanned hospital visits for patients suffering with a broad range of […]
Rishi Sunak is scrambling to finalise a package of measures that could be announced as soon as Thursday aimed at alleviating the cost of living crisis, after the energy regulator said annual bills were likely to shoot up by more than 40% in October. Ministers are under intense pressure to act after the Ofgem chief […]
The £4.25bn takeover of Chelsea football club has been completed after Roman Abramovich agreed to the UK government’s terms for the sale, ending a tumultuous period that raised fears over the club’s existence. Nadine Dorries, the culture secretary, said the UK government issued a licence on Tuesday night that permits the sale of Chelsea. A […]
Marks & Spencer is to shut 32 more stores as it shifts away from town centres, saying many have “lost impetus” as a result of failed local authority or government policy. The high street bellwether said profits will flatline in the year ahead amid “increasing cost pressures and consumer uncertainty”. A decision to fully exit […]
Women-owned businesses performed worse during the pandemic, according to new research by emlyon business school published in the journal of Entrepreneurship Theory and Practice The study, conducted by Addis G. Birnhanu and her co-authors, investigated the implications of the pandemic on gender differences in business performance. They found that women-owned businesses performed worse than their […]
The government borrowed £18.6 billion last month, £5.6 billion less than in April last year and below expectations. City economists had forecast borrowing of £18.8 billion and the Office for Budget Responsibility’s estimate was for £19.1 billion. However, it is the still the fourth highest borrowing for the month since records began in 1993. The […]
The head of the Trades Union Congress has written to the Insolvency Service calling for it to disqualify the directors of P&O Ferries after they sacked nearly 800 crew without notice. In a letter seen by the Guardian, Frances O’Grady, the TUC’s general secretary, said the Insolvency Service should “initiate disqualification proceedings against the directors […]
The UK’s data watchdog has fined a facial recognition company £7.5m for collecting images of people from social media platforms and the web to add to a global database. US-based Clearview AI has also been ordered to delete the data of UK residents from its systems by the Information Commissioner’s Office (ICO). Clearview has collected […]
Greeting card giant Moonpig has announced the proposed acquisition of Buyagift, the gift experiences platform, for £124m. The acquisition accelerates Moonpig’s strategy of becoming a leader in the gifting market, and gives them entry into the £6bn experiences segment. Buyagift is the UK’s leading gift experiences platform with the number one and number three brands […]