John Lewis to recruit 7,000 Christmas jobs September 15, 2021 John Lewis is recruiting more than 7,000 temporary roles across the UK in the run up to Christmas. The retailer is looking to hire 2,000 more workers than last year to meet increased demand. The hiring spree comes as retail bosses have expressed concern about the long-term impact of ongoing supply chain disruption including labour [...]
Deliveroo launches free delivery offer for Amazon Prime members September 15, 2021 Amazon Prime members in the UK and Ireland will be able to get free unlimited delivery through a fresh partnership with delivery platform Deliveroo. All new and existing members of the online retailer’s speedy service will now be able to access a year’s Deliveroo Plus membership for free. Customers can use the offer on orders [...]
CEOs plot acquisition spree as UK recaptures global attention September 14, 2021 With AA motoring group, Asda, Morrisons and Stock Spirits taken over by private equity firms such as CVC, the UK market has recaptured the globe’s attention, having seen an unprecedented wave of deals. Stemming from initial undervaluations due to Covid-19 and Brexit, on average, UK companies were being undervalued by around 30 per cent, according to recent data from Schroders. [...]
Ocean Outdoor records 196 per cent revenue lift as cities reopen September 14, 2021 Billboard operator Ocean Outdoor reported a revenue jump of 196 per cent after brands leapt at the opportunity to advertise across towns and cities after lockdown. Revenue for the second quarter increased to £25.9m, a huge rise on 2020’s sum of £8.8m. First-half revenue increased 11.2 per cent to £40.6m, up from £36.5m last year, [...]
Amazon hikes average starting wage to just over $18 per hour in the US September 14, 2021 Amazon has increased its average starting wage in the United States to more than $18 an hour and plans to hire another 125,000 warehouse and transportation workers. Watch the full report.
Gousto to double its London tech workforce with 250 new hires September 14, 2021 Gousto has announced a hiring spree to fill 250 tech roles as the meal kit company plans to double its London tech team. The company said its recruitment drive will mean its tech team will be 500-strong by the end of 2022. Gousto recorded its first full year of profitability, since launching, earlier this year [...]
Amazon to recruit additional 125,000 US workers September 14, 2021 Amazon has announced plans to recruit an additional 125,000 workers in the US. The ecommerce giant has also increased its average starting wage to more than $18 an hour. Workers in some locations will receive signing bonuses of $3,000, triple what the company was offering four months ago. Amazon will maintain its $15 an hour [...]
Nike shares fall as footwear giant could lose production of 160m pairs of shoes September 14, 2021 Nike is at risk of losing the production of 160m pairs of shoes after the shutdown of factory operations in Vietnam due to Covid. Nike shares were down 2.5 per cent on Tuesday morning after the sportswear giant was downgraded from neutral to buy at BTIG. Manufacturing in the country was paused in July after [...]
Hot under the collar: Ocado pins revenue tumble on warehouse fire September 14, 2021 Online supermarket Ocado has pinned a revenue dive over the last quarter on a fire at one of its London warehouses, in its latest trading update today. The fire, at its south London Erith Customer Fulfilment Centre in July, cost Ocado some £35m in revenue, it said in a statement – the equivalent of 300,000 [...]
CDR agrees pensions deal with Morrisons as takeover nears September 14, 2021 Private equity house Clayton, Dubilier & Rice (CDR) looks to have shored up its grip on takeover target Morrisons after coming to an agreement with trustees over the supermarket’s pension schemes. The supermarket has been at the heart of a bidding war between CDR and fellow private equity firm Fortress, with the former agreeing a £7bn [...]
