Buy Now Pay Later firm Klarna claims ‘credit cards pose the real risk’ January 7, 2022 Klarna has claimed credit card providers pose a bigger risk to consumers as Government prepares to clampdown on the BNPL sector.
Online meal maker Gousto raises $150m fresh funding January 7, 2022 Online meal company Gousto has raised a fresh funding led by the Japanese technology investment giant SoftBank.
Sainsbury’s reveals 5.3 per cent pay hike for shop staff in £100m investment January 7, 2022 Sainsbury’s has announced it will be investing £100m into pay increases for staff, with a basic hourly pay of at least £10. Basic hourly pay for Sainsbury’s and Argos store workers will rise to £11.05 for inner London and £10.50 in outer London, the supermarket revealed on Friday. The company said it was also increasing [...]
McDonald’s shrinks portions amid ‘unstable’ shipping supply in East Asia January 7, 2022 McDonald’s will have to shrink portions for its Japanese customers for the next month, as the fast-food chain has been hit by supply chain issues. Shipping problems due to flood damage at a Vancouver port, as well as with other disruptions to potato supply from North America, have combined with global shipping hang-ups as a [...]
Teletext Holidays and Alpharooms cease trading as customers owed refunds January 7, 2022 Travel firms Teletext Holidays and Alpharooms have collapsed into liquidation as thousands of customers are still owed refunds. According to a report in The Sun, parent company Truly Holdings, has ceased trading, the government’s insolvency database shows. Some 4,000 consumers are thought to be impacted by the collapse, according to MoneySavingExpert. Thousands of customers complained [...]
Car seller Lookers anticipates record yearly profit despite vehichle shortages January 7, 2022 New and used car seller Lookers has said it expects record underlying profit before tax ahead of company compiled market consensus of £82m for 2021. In an update on Friday morning, the firm noted a strong balance sheet, with net cash of approximately £8.0m as at 31 December 2021, compared to £40.7m net debt in [...]
Body of young Londoner who vanished after night out at Heaven night club in Embankment found in river Thames January 7, 2022 The body of 20-year-old Harvey Parker, who was missing, has been recovered from the River Thames, the Metropolitan Police have confirmed. The force was alerted to reports of a body in the Thames near Embankment, central London, by the Royal National Lifeboat Institution at 11.51am on Tuesday. Parker was last seen on Friday after leaving [...]
Retailers’ hopes for Christmas boost dashed as Omicron fears discouraged shoppers January 7, 2022 Hopes for a Christmas that would see high streets near pre-pandemic levels of trade were dashed last month as Covid fears discouraged shoppers. While England enjoyed a festive period free of restrictions on social gatherings once more, high streets marked a footfall decline of 23.1 per cent last month, compared to 2019. This was 3.5 [...]
Shares in Dr. Martens fall as key shareholder steps away January 6, 2022 Shares in Dr. Martens were down 11 per cent on Thursday afternoon after its largest shareholder sold a stake in the footwear giant. Private equity group Permira Funds sold 65m shares, a year after it brought the bootmaker to market. Permira, via its Luxembourg-based IngreLux fund, sold its shares at a price of 395p for [...]
London-listed Kakuzi issues profit warning on poor avocado harvest January 6, 2022 Food producer Kakuzi has issued a profit warning to shareholders today due to a poor avocado harvest and stiff competition among European buyers. Total earnings for the year to December 31 will be at least 25 per cent lower than last year’s profits, the Kenya-based company said in a statement. Chairman Nicholas Ng’ang’a explained that [...]
