Asos will build giant £90m warehouse in UK and recruit 2,000 workers over next three years – after £142m profits amid surge in online sales due to Covid Asos saw its annual profits quadruple amid surge in online pandemic shopping It is now set to open a £90 million UK warehouse which will be staffed … Read more
Stationery chain Paperchase is on the brink of administration as new Covid lockdown puts 1,500 jobs and 173 stores at risk Paperchase appointed accountancy firm PwC to handle administration process Approximately 1,500 jobs and 173 stores are on the line for the stationery retailer The retailer usually makes 40 per cent of its sales over November … Read more
Boris Johnson‘s election pledge to pay newly qualified teachers £30,000 is in doubt despite unions threatening industrial action and warning of an ‘exodus’ from the profession. Rishi Sunak is preparing a ‘pay restraint’ across the public sector, despite the £6,000 pay rise being a key policy in the 2019 Tory manifesto. Johnson had pledged to … Read more
Rishi Sunak is set to rewrite Treasury’s rules to ‘level up’ the North: Chancellor will use spending review to ensure investment in infrastructure previously skewed towards London and South East Rishi Sunak set to abolish the Treasury’s ‘Green Book’ rules on public investment Critics say the rules have favoured pumping investment into wealthier areas Treasury … Read more
US stocks jumped again on Thursday as the presidential election hung in the balance with the Dow rising nearly 600 points and the S&P 500 rallying toward its biggest weekly jump since April. With counting continuing in the battleground states, investors were abandoning cautious positioning that many took ahead of the election, driving all of … Read more
When will I ever learn? All I can say in my defence is that I’m not alone. In common with pretty well every pundit on both sides of the Atlantic, I assumed Joe Biden would trounce Donald Trump. The polls uniformly predicted a Biden landslide. On the eve of the election, a ten-point lead for … Read more
The pound has slumped against the dollar as the US presidential election battle failed to produce an early result and looks set to continue for days. At midnight, the pound was trading at $1.315 but dropped to $1.290 earlier this morning before settling at around $1.300 in the afternoon. Leading up to election day, markets … Read more
Unkempt and unshaven, the man stumbled into the nondescript computer store at a Delaware shopping mall. Entering The Mac Shop carrying three water-damaged computers, he approached owner John Paul MacIsaac, who later claimed that he smelled alcohol on the customer’s breath. Mr MacIsaac was able to fix two of the machines, but the third was … Read more