Trustees warn Morrisons pension schemes could be weakened by takeover
// Trustees warn that a takeover of Morrisons could “materially weaken” the security of its pension schemes // Concerns that savings could be impacted by a takeover by either CD&R or Fortress,...
View ArticleAmazon offering £1000 bonus to new warehouse recruits
// Amazon offers new warehouse recruits a £1000 joining bonus to tackle national staff shortages // It is advertising for “urgently needed” warehouse pickers and packers across the UK // According to...
View ArticleFormer M&S boss Stuart Rose might be the next Asda chair
// Lord Stuart Rose might become the next chair at Asda, according to reports // Rose was M&S chief between 2004-2011 and stepped down as Ocado chairman in May // Rose is already the chair at EG...
View ArticleCentral England Co-op backs Freedom From Fear campaign
// Central England Co-op asks shoppers to treat staff with respect as part of the Freedom From Fear campaign // Incidents of verbal abuse jumped by 167%, anti-social behaviour by 39%, assaults by 35%...
View ArticleShops could see Christmas shortages over driver issues – Tesco chairman
// Grocery shops could see Christmas food shortages over HGV and lorry driver issues, Tesco chairman warns // He says the “straightforward solution” would be “to allow UK industry to bring in skilled...
View ArticleSoon-to-be Frasers Group CEO Michael Murray up for £100m bonus
// Incoming Frasers Group CEO Michael Murray could take home up to £100m in bonuses if he doubles firm’s share price // Frasers Group’s share price would have to top £15 for 30 consecutive days before...
View ArticleM&S shares reach 17-month high
// M&S’s value hits £3.5bn after unexpected spike in sales allows it to raise profit targets // M&S shares closed 5.1% higher at 179.4p on Wednesday – the highest level since February last year...
View Article83% of UK department stores lost in 5 years
// 83% of UK department store space has shut down for good since BHS collapsed in 2016 // 79 stores remain today compared to 467 five years ago // While 388 department stores have closed, 237 are still...
View ArticleEG Group posts profits & sales surge
// In the three months to June 30, EG Group’s turnover soared 57.7% to $6.51bn (£4.74bn), while EBITDA rose 23.7% to $380m (£277m) // Grocery and merchandise profits in the quarter jumps 24% to $351m...
View ArticleCamden Market opens Hawley Wharf to the public
// Hawley Wharf at Camden Market has officially opened to the public // The 580,000sq ft canal-side development features retailers alongside dining and leisure brands Hawley Wharf at Camden Market has...
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