The John Lewis Partnership is axing up to 1,500 head office jobs by April next year as part of its plans to transform the ailing department store business. In a shock move earlier this year, the group shut eight of its John Lewis stores for good, putting 1,300 people at risk of losing their jobs. … Read more
Pound sinks against dollar and US bonds in demand as investors seek safe havens amid the ‘extended uncertainty’ of the US election Leading up to election day markets had been pricing in a Biden clear sweep Strength of US dollar now on the up as investors flock to ‘safe havens’ By Jane Denton For Thisismoney Published: … Read more
Shoppers at Marks & Spencer can now jump the lockdown supermarket queue by booking a timed slot to enter the chain’s food halls. With lockdown two starting on Thursday amid plunging temperatures, dismal scenes of supermarket queues and already booked out online delivery slots look set to become all too familiar once again. Dubbed ‘Sparks … Read more
Ex-Post Office boss is under fire at Dunelm: Shareholders urged to vote Paula Vennells off the board By Tom Witherow For The Daily Mail Published: 23:15 GMT, 3 November 2020 | Updated: 23:33 GMT, 3 November 2020 Dunelm shareholders have been urged to vote former Post Office boss Paula Vennells off the board. Advisory firm … Read more
The online world of vlogging and social media might seem alien to many older people. But a growing number of over-60s are embracing the earning potential of the internet by making videos about their hobbies – and attracting millions of followers. Video website YouTube pays users who let it run adverts alongside their videos. Those … Read more
Shares surge around the world as investors bet on Biden… but did markets jump the gun? By Hugo Duncan for the Daily Mail Published: 23:15 GMT, 3 November 2020 | Updated: 23:15 GMT, 3 November 2020 Shares around the world rallied yesterday as American voters headed to the polls in one of the most divisive … Read more
£30billion Arm takeover at risk after British chip-maker’s Chinese division goes rogue By Matt Oliver For The Daily Mail Published: 23:15 GMT, 3 November 2020 | Updated: 23:15 GMT, 3 November 2020 The American takeover of Arm is at risk of being derailed after the British company’s Chinese division went rogue. Nvidia is offering £30billion … Read more
The Conservatives are supposed to be the party of entrepreneurship, of wealth creation, of low tax and of sound public finances. But that is not how it looks right now to many business people. The fact Boris Johnson pulled out of a speech to the CBI conference on Monday was not in itself an unforgivable … Read more
Defence deal triggers Chemring share boost: Engineer claims profits will top £50m this year By Daily Mail City & Finance Reporter Published: 23:15 GMT, 3 November 2020 | Updated: 23:15 GMT, 3 November 2020 Chemring shares surged after it bagged Ministry of Defence contracts worth £31million. The defence engineer said annual profits would top £50million … Read more
Amigo issues profits warning as mis-selling compensation claims continue to flood in By Daily Mail City & Finance Reporter Published: 23:15 GMT, 3 November 2020 | Updated: 23:15 GMT, 3 November 2020 Amigo has warned over profits as mis-selling compensation demands continue to flood in. The guarantor lender revealed pay-out provisions were set to soar … Read more