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Monsoon latest retailer to seek rent cuts from landlords

Monsoon Accessorize is calling on landlords to approve rent reductions on some of its 258 leased stores as part of a restructuring of the troubled High Street chain. The two chains operate under separate names and are asking for rent cuts on 135 stores after a period of ‘difficult’ trading. To win support from landlords, […]

Bank of England governor Carney gives Facebook currency cautious welcome

Bank of England Governor Mark Carney gave Facebook’s proposed digital currency Libra a cautious welcome in a major speech on Thursday. He said it could substantially lower costs and increase financial inclusion, but needs regulation. Mr Carney also announced that non-banks will be able to hold Bank of England accounts. And he highlighted climate and […]

Dixons Carphone sales fall as it moves into the red

Shares in Dixons Carphone have plunged by a quarter after it reported a full-year loss and predicted more pain for its mobile phone business this year. The retailer lost £259m in the year to 27 April, compared with a pre-tax profit of £289m last year. Sales fell by 1% to £10.43bn. The company added that […]

The rise of ‘presenteeism’ and ‘leavism’ in the workplace

Presenteeism in the UK has more than tripled since 2010, with 86% of people observing it in the workplace last year compared to 26% just under a decade ago. According to the CIPD/Simplyhealth Health and Well-being at Work survey, ‘leavism’ – where people use annual leave to work – is also a growing problem, with […]

South Western Railway workers begin five day strike

A five-day strike by South Western Railway (SWR) staff has started in the latest industrial action over the role of guards on trains. Members of the Rail, Maritime and Transport union (RMT) began the walkout at 00:01 BST. RMT said staff had been left with “no choice” but to strike, and accused SWR of failing […]

Outsourcer Kier to cut 1,200 jobs as it seeks to cut costs

Troubled construction and services firm Kier has said it will cut 1,200 jobs as it seeks to make cost savings of £55m a year by 2021. The cuts came as the firm’s boss announced a plan to simplify Kier’s business and reduce its debt. The company will sell its homebuilding business, Kier Living, and will […]

UK workers most likely to feel discriminated against in Europe

New research from ADP reveals that reports of discrimination are highest in the UK where more than a third (38%) of respondents say they have been targeted, compared to a European average of 30%. It seems young people are also particularly affected, with 49% of UK workers aged 25-34 reporting feeling discriminated against. The ADP […]

Metal traders banned from workday drinking

The days of long, booze-fuelled City lunches appear to be nearing an end as the London Metal Exchange becomes the latest firm to introduce a booze ban. The exchange has said that all staff who work on its trading floor can no longer drink during working hours. The ban affects about 120 personnel – from […]

HR’s role in spearheading digital transformation being overlooked

HR must enhance its reputation amongst senior management teams and business leaders if they are to take a leading role in driving the success of digital transformation projects, reveals a new Censuswide survey for MHR. The poll of 250 business leaders at public and private sector organisations with more than 1000 employees commissioned by leading […]