Fears of energy blackouts posing threat to meat and milk supplies August 11, 2022 Supplies of milk and meat could be endangered if the country is forced to deal with blackouts later this year, industry chiefs have warned. According to a report in The Telegraph newspaper, power outages would inhibit food producers including those in the dairy industry. Some industries will not be able to prevent or stagger certain [...]
Monster energy bill increases threaten to be a ‘pub killer’ as bosses urge ministers for business price cap August 11, 2022 Publicans have called on ministers to introduce an energy price rise cap for venues amid pleas that bill hikes threaten to “be a pub killer.” The British Institute of Innkeeping (BII) said the majority of its members were experiencing a minimum 300 per cent increase in energy costs, all while venues attempt to recover from [...]
Coca-Cola bottler details £160.2m hit from Russia sales suspension August 11, 2022 Coca-Cola HBC has revealed it took a hit worth £160.27m after suspending the sale of its beverages in Russia following the invasion of Ukraine. In interim results, the soft drink bottler said it anticipated charges of around £69.17m in the second half of the year after depleting its stocks and suspending production and sales of [...]
Ladbrokes owner Entain creates new venture to drive Central and Eastern European expansion August 11, 2022 Ladbrokes owner Entain has joined forces with an investment firm to create a new venture to fuel expansion in Central and Eastern Europe. Entertain CEE will drive expansion in the markets, in a partnership with EMMA Capital, with Entain owning 75 per cent of the economic rights. The London-listed firm also announced a takeover of [...]
Asda, Boots and Primark among retailers urging officials to prioritise crime against shop staff August 11, 2022 High street staples including Tesco, Aldi and Primark have signed a letter urging police commissioners to prioritise tackling crimes against shop staff. Some 105 retailers have written to police and crime commissioners in England and Wales, calling for more help with increasing violence and anti-social behaviour towards workers. Reports of abuse towards shop staff have [...]
Cost of living crunch: 1 in 4 shop workers skip meals each month to pay bills August 10, 2022 One in four shop workers are skipping meals each month to meet bill payments, according to research from a trade union. This figure has leapt from 1 in 20 last year, as Britain’s lowest paid workers struggle amid the throes of cost of living crunch, according to a survey by Usdaw union. Inflation is anticipated [...]
Royal Mail expects full-year loss if strikes go ahead August 10, 2022 Royal Mail said it would be “materially loss-making” for the financial year 2022-2023 if its employees go ahead with planned strike action. More than 115,000 Royal Mail postal workers are set to strike for four days in a dispute over pay, with the Communication Workers Union (CWU), which represents the workers, announcing that 24-hour walkouts [...]
Widening losses for Deliveroo while Next chair Lord Wolfson exits board August 10, 2022 Delivery platform Deliveroo has posted a heftier loss while also announcing the departure of Next chair Lord Simon Wolfson from its board. In its half-year results, the London-listed firm posted an adjusted EBITDA loss of £68m, a wider loss than the £26m posted in the first half of 2021. However, it marked an improvement of [...]
Hostelworld eyes operational profitability later this year as travel demand rebounds August 10, 2022 Travel platform Hostelworld has said it hopes to be profitable at an operational level in the second half of the year, as holidaymakers have returned in recent months. In interim results, the London-listed company said net revenue hit €28m in the period, compared to just €2.9m the previous year, as travel restrictions eased. While overall [...]
Royal Mail workers announce four-day strike August 9, 2022 Royal Mail workers have announced they will strike four times over the coming weeks in a dispute over salaries. The Communication Workers Union (CWU) said that more than 115,000 postal workers will walk out on 26 and 31 August as well as 8 and 9 September. The decision came on the heels of last month’s [...]
