Employee/Customer Engagement

Sports Direct boss Mike Ashley seeks to remove Debenhams board in coup

Sports Direct has said it wants to remove all the current members of the Debenhams board except one, and appoint its boss Mike Ashley to run the business ion what is effectively a coup.. Sports Direct has a nearly 30% share in Debenhams. The department store chain said it was “disappointed that Sports Direct has […]

John Lewis pays lowest staff bonus since 1950’s as profits plunge

John Lewis has paid out its lowest bonus to staff since the 1950s as profits plunged last year amid “challenging” trading. The retail partnership – which includes Waitrose supermarkets – said staff would receive a 3% bonus, the lowest since 1953 when workers got no bonus. Profits at the partnership sank last year by more […]

Goldman Sachs relaxes dress code for all employees

Goldman Sachs is relaxing its dress code, as the Wall Street giant moves toward a more casual workplace. The investment bank announced the “firm wide flexible dress code” in an internal memo, urging employees to use “good judgement” in their fashion choices. Goldman Sachs loosened the dress code for its tech division in 2017, in […]

Paperchase proposes store closures to cut costs

Stationer Paperchase has proposed a restructuring that involves the closure of five of its 145 stores. Another 23 stores will be at risk as it tries to cut their rents by 50%. The retailer is involved in a company voluntary arrangement (CVA) renegotiating terms with its creditors. Paperchase has been hit by fewer customers, increased […]

BetterBathrooms retailer goes into administration

BetterBathrooms, the country’s largest independent bathroom retailer, has called in administrators. The bath, tiles and decorating chain has 13 showrooms and two trade counters across the UK, all of which have closed its doors and ceased trading. FRP Advisory was appointed as joint administrators on Friday. Joint administrator Phil Pierce said the company “suffered from […]

Church group pressures firms on lack of women directors and tax

A group of Christian church investors is planning to put pressure on companies which have no women directors or a questionable record on tax. The Church Investors Group has pension fund members with £21bn in assets. It says it will vote against chairmen and women of boards of big companies which have poor polices on […]

Vodafone says sorry over see you Jimmy ‘joke’ amid Scotland job cuts

Vodafone has apologised after a manager posed in a See You Jimmy hat in an “insulting” social media post amid jobs losses in Scotland. Antonio Shabbir, a customer operations director, was also holding a bottle of Irn Bru in the picture posted on the company’s staff intranet on Wednesday. It came weeks after it was […]

Autumn most popular time of year to show ‘Employee Appreciation’

With today (Friday March 1) being Employee Appreciation Day, Perkbox, Europe’s fastest growing employee experience platform, has set off to uncover some of the most popular trends around reward and recognition used by UK businesses to showcase ‘employee appreciation’. Perkbox Recognition data over the last 10 months was used for this. With a sample of […]

Millennials on a job with a mission: No they are far more motivated by pay

The standard mantra is that Millennials are more motivated by making an impact at work than previous generations. However, according to a new study from Automatic Data Processing (ADP), the vast majority of Millennials opt for money as their primary motivator in the workplace. The study, which surveyed over 2,500 workers across the UK, France, […]

Provident Financial gets £1.3bn bid from rival NSF

Sub-prime lender Non-Standard Finance (NSF) has made a £1.3bn takeover offer for rival Provident Financial. NSF boss John van Kuffeler was previously chief executive and chairman of Provident, a doorstep lender with a history of financial troubles. He said the deal would “create a market leader in non-standard finance”. NSF said the takeover was backed […]