Future of Work

Ryanair posts first loss in five years amid fare cuts

Ryanair posted a net loss of €19.6m (£17.2m) for the last three months of the year, its first quarterly loss since March 2014. The airline carried 32.7 million passengers compared with 30.4 million for the same period a year earlier as revenue rose 9% to €1.53bn. But the airline said “excess winter capacity in Europe” […]

Oddbins prepares to appoint administrators

The company that owns the Oddbins off-licence chain is preparing to appoint administrators in a move that puts hundreds of jobs at risk. European Food Brokers is blaming tough conditions on the high street and economic uncertainty created by Brexit for the situation. Duff & Phelps are to be named as administrators to the business […]

Tesco Food counter closures will hit 9000 jobs

Tesco has announced it will close food counters in 90 of its stores as part of a wider cost-cutting plan that will affect 9,000 staff. The UK’s largest supermarket said its remaining fish, meat and deli counters in 700 stores will be run on a full-time or flexible basis. It confirmed it will no longer […]

Facebook to integrate WhatsApp, Instagram and Facebook

Facebook plans to integrate its messaging services on Instagram, WhatsApp and Facebook Messenger. While all three will remain stand-alone apps, at a much deeper level they will be linked so messages can travel between the different services. Facebook told the BBC it was at the start of a “long process”. The plan was first reported […]

Tesco admits the final stages of planning job cuts which could be as much as 15,000

Tesco is “finalising” job cut plans but has declined to comment further. Earlier, the Mail on Sunday reported that the supermarket could cut 15,000 jobs and close some fresh food counters and bakeries. In an internal company email seen by the BBC, its chief operating office said plans were “still being finalised”. He also acknowledged that “any […]

Sports Direct Founder Ashley in talks to buy failed music chain HMV

Sports Direct founder Mike Ashley has placed a bid to buy music chain HMV. HMV collapsed last month, its second administration in six years, risking 2,200 jobs at 125 stores. Sports Direct could not be reached for comment and administrators KPMG also declined to comment. Mr Ashley owns more than 60% of Sports Direct, and […]