Employment News

MoD tells 4,000 military staff of job losses

More than 4,000 military personnel have received redundancy notices in the latest round of armed forces cuts. About a third are compulsory redundancies in a second wave of job losses which follow 2,860 job cuts announced in August and September 2011. It is the last major round of redundancies for the RAF and Royal Navy, [...]

Tesco loses market share to Waitrose & discounters

Tesco loses market share to Waitrose & discounters The UK’s largest grocers were out-performed by lower & higher priced competitors over recent weeks, new research out today shows. According to research firm Kantar Worldpanel, market leader Tesco saw its share of the grocery sector drop in the 12 weeks to April 17th 2012 down from [...]

Asos sales rise 34% in Q4

Online fashion retailer Asos said it is confident that it will meet forecasts for full year pre-tax profit after reporting a 34% increase in fourth quarter sales. In the three months to 31 March UK retail sales rose by 4%. Total retail sales reached £124.2 million in the quarter increasing the total for the year by 49% to £481.6 [...]

Shell makes £2m an hour as oil prices soar

Chief executive Peter Voser said investors and customers stood to gain as the profits helped pay for dividends and ensure steady petrol supplies. Shell has produced a barnstorming profit performance in the first quarter of the year making over £2m an hour on the back of soaring crude prices. But its chief executive, Peter Voser, [...]

Double dip has arrived – and Osborne is running out of escape routes

Yesterday morning’s economic news was even more miserable than the weather, as official statistics showed that, for the second time in less than three years, Britain is back in recession – the long-feared “double dip”. Click HERE to view graphic The UK economy contracted by 0.2 per cent in the first three months of the year, following [...]

City applauds bigger bonus at Sports Direct

For once the City cheered a huge rise in a “fat cat” bonus yesterday as Mike Ashley, the founder of Sports Direct, was awarded an extra two million free shares in the retailer for beating earnings targets. In February, Sports Direct said Mr Ashley would get six million shares, then worth £16.7m, for hitting its [...]

Apple doubles quarterly profits to $11.6bn (£7.2bn)

Apple has reported its profits almost doubled in the first three months of the year. Apple said its net profit came in at $11.6bn (£7.2bn), up from $6bn in the same period last year and much better than had been expected. The technology giant sold 35 million iPhones in the quarter, which was also almost double [...]

Strong Primark sales drive AB Foods profit rise

AB Foods has enjoyed increased revenue and profits thanks to strong performances by its key Silver Spoon sugar and Primark businesses. Group revenue rose 11pc to £5.8bn in the 24 weeks to March 3 and profit before tax was up 3pc to £363m over the same period, the business revealed in interim results out this [...]

41 jobs saved in Allied Carpets rescue

Nine stores have been saved after a carpet retailer which once boasted more than 200 shops and 1,000 staff went bust for the third time in three years. The remnants of Allied Carpets and 41 jobs have been taken on by a company connected with rival retailer Floors-2-Go. The deal with administrators at Duff & Phelps, which [...]

Hotel chain ‘can’t find UK staff’ as foreign workers take most jobs

Hotel chain Malmaison and Hotel du Vin has joined the growing list of employers warning that UK job applicants are unemployable because they lack basic skills, with most of its jobs taken up by foreign workers. Just 40pc of the group’s 2,300 jobs in the UK are held by British nationals, according to the company’s [...]

Managers net bumper pay rises while junior workers ‘endure pain’

Managers have enjoyed inflation-busting pay rises over the past year while ordinary workers have endured pay cuts and modest increases that have failed to keep pace with the cost of living, new figures have revealed. A new index of pay, based on 500 companies across key sectors, shows that even in industries hard-hit by the [...]

Experienced foreign workers a ‘challenge’ to British jobseekers

Young British workers face a “huge challenge” from older and more experienced foreign rivals, Employment Minister Chris Grayling has warned. Chris Grayling said the “deep-rooted problem” meant prospective employees born in the UK were often at a disadvantage when applying for jobs. Business lobby groups have warned that young people were being failed by an [...]

Good news for UK retail in March

UK retail sales recorded their biggest monthly rise in more than a year in March, driven by the spell of warm weather and panic buying of petrol. The Office for National Statistics (ONS) said that UK retail sales volumes rose 1.8% last month. The ONS said warm weather in March had helped to boost sales [...]

Dunelm sales rise in Q3 despite tough trading conditions

Dunelm, the clothing and homewares retailer, saw growth in both total and like-for-like sales in its third quarter despite challenging trading conditions. Total sales in the 13 weeks to 31 March increased to £154.1 million from £139 million. Like-for-like sales rose 0.6% compared to a 1.3% fall in the previous year. In the nine months [...]

Tale of two macs: Aquascutum goes bust while Burberry booms

Tale of two macs: Aquascutum goes bust while Burberry booms They are both famous for their beige trenchcoats. But while Burberry’s has become the height of fashion, Aquascutum’s has fallen out of style. Five rows of brown buttons. Check. Buckled sleeves. Check. Storm flaps and belt. Check. Checked lining … Oh, this is getting silly. [...]

How to build a better Tesco – retail empire strikes back

Most of Tesco’s 200,000 UK employees will soon be receiving a colourful little leaflet, which folds up and can be fitted into their wallets. It is entitled “Building a better Tesco”. The leaflet contains bright pictures along with six verbless statements, such as “clicks and bricks”, “staff and service”, “price and value”. It is reminiscent [...]

EBay profits rise to $725m, boosted by Marketplace and PayPal

EBay has revealed better-than-expected rises in quarterly sales and profit, driven by growth in its Marketplace and PayPal businesses. The online company also increased up its 2012 forecasts, helping push the shares more than 6pc higher to $38 in after-hours trading. “It’s one of their better reports that I’ve seen in several years,” said Colin [...]

UK losing jobs due to immigration delays at airports

Britain is missing out on billions of pounds worth of investment and jobs because of long immigration delays at major airports across the country, the head of British Airways’ parent company has warned. Major investors are being put off from doing business because of queues of up to two hours to get into the country. Mr [...]

Tesco unveils £1bn revamp after drop in UK profits

Philip Clarke, the chief executive of Tesco, admitted the need for “fundamental change” as the company committed £1bn to turn around its ailing UK business. Unveiling the first fall in domestic profits for at least 25 years, Philip Clarke said the group would drastically scale back the amount of new selling space it was opening [...]

UK unemployment falls by 35,000 to 2.65m

UK unemployment falls by 35,000 to 2.65m UK unemployment has registered its first fall since last spring, according to official figures. Unemployment fell by 35,000 to 2.65 million over the December-to-February period, according to the Office for National Statistics (ONS). The unemployment rate edged down from a 12-year high of 8.4% to 8.3%, the lowest [...]

Creating 200,000 new jobs over the next four years

Creating 200,000 new jobs over the next four years Boris Johnson’s plan will create almost 200,000 new jobs across London over the next four years, while at the same time providing London with the improvements and investment it needs.Jobs will be created through: Affordable housing: 100,000 jobs. Boris Johnson has pledged to build 55,000 affordable [...]

UK quarterly unemployment declines

The number of jobless Britons fell in the three months to February, marking the first quarterly decline in almost a year, official data showed on Wednesday. The Office for National Statistics (ONS) said in a statement that the number of unemployed fell by 35,000 over the period to 2.65 million people. That was the first quarterly decline since the [...]

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