Future of Work

31421396 - london - september 5th: the exterior of a william hill betting shop on september the 5th, 2014, in london, england, uk. william hill is the uk's leading bookmakers.

William Hill receives merger offering from two rival gambling companies

UK betting firm William Hill has received a merger offer from rival gambling companies 888 and Rank Group as consolidation in the sector continues. William Hill said it would “listen to and consider” any proposal. However, it was not clear that a combination of William Hill, 888 and Rank would “deliver superior value”, the company […]

Sainsburys11

Sainsbury’s takeover of Home Retail Group gets approval from regulator

Sainsbury’s £1.4 billion takeover of Argos owner Home Retail Group has been approved by the competition regulator. The supermarket chain welcomed the decision by the Competition and Markets Authority on Friday to “unconditionally” clear the acquisition. The (CMA) had said it was looking into whether the tie-up with Home Retail could result in a ”substantial […]

Millenials and men most demanding for customer service

Millenials earned £8k less in their 20’s than the generation before

Millennials could become the first generation to earn less than their predecessors, analysis by a think-tank has found. The Research Foundation found that under-35s have been hit hardest by the recent pay squeeze and earned £8,000 less during their 20s than a typical person in the previous generation – known as generation X. The finding […]

50388749 - image relative to politic relationships between europe union and united kingdom. national flags on concrete textured backdrop. brexit theme

Business confidence among finance chiefs hits record low after Brexit vote

Business optimism among finance chiefs has plunged to its lowest level on record in the wake of Britain’s decision to quit the European Union. A survey by consultancy giant Deloitte shows that 73% of chief financial officers (CFO) are less optimistic about the prospects for their company following the referendum result, up from 32% in […]

Holiday

Holiday company goes bust and puts the blame on Brexit!

Holiday booking company Lowcost Travelgroup has gone into administration, as uncertainty ahead of the EU referendum and the fall in the pound were blamed for its demise. The group has 27,000 holiday makers in resorts and 110,000 more with bookings. Administrators said Lowcost Travelgroup ceased trading on Friday, with the loss of 120 jobs in […]

Three o2 merger

Ronan Dunne leaves O2 following failed takeover bid from Three

O2 lost its chief executive Ronan Dunne after 15 years at the helm with the company’s future still uncertain after regulators blocked CK Hutchison’s Three £10.5bn takeover bid. Chief financial officer Mark Evans will be promoted to chief executive from August 1, charged with helping the Telefónica subsidiary consider its options including a potential London […]

36506878 - london - january 23rd: the exterior of poundland  on january the 23rd, 2015, in london, england, uk. poundland has over 500 stores in the uk

Poundland accepts £597 million takeover bid from ‘The IKEA of Africa’

Troubled discount chain Poundland is to be snapped up by South African retailer Steinhoff International after agreeing a £597 million takeover deal. Poundland accepted the 222p-a-share bid after rejecting a cash offer from Steinhoff – dubbed the IKEA of Africa – last month for an undisclosed sum. The deal comes after Steinhoff – which owns […]

EU2

Post-Brexit doommongering could lead to slowdown says pub chain boss

The Brexit-backing chairman of JD Wetherspoon has lashed out at Chancellor George Osborne, the IMF, the Bank of England and a host of other organisations, blaming them for a potential slowdown following the EU referendum vote. Tim Martin called into question their honesty and economic judgment during the referendum campaign, also singling out the CBI, […]

8072381 - english money going down the drain

Post Brexit sterling plunge a big issue warns John Lewis boss

The boss of John Lewis has warned that the plunge in sterling could become a problem for the department store chain. Andy Street said that although the firm is “fully hedged” against currency fluctuations for 2016/17, next year it could be an issue. He said: “The big issue is the decline in exchange rates. We […]