Grocery delivery company Ocado reported increased sales but said it remains vulnerable to changing price pressures and currency movements.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Traders may be exploiting leaked official UK economic data to make money, study suggests
‘Based on what I see in the data in this case, it is very unlikely that we are looking at a random pattern,’ Professor Alexander Kurov said.
Asda offers staff a pay rise for ‘flexible’ contract
Asda is offering staff a higher wage in exchange for a new contract which will introduce unpaid breaks and a requirement to work over Bank Holidays.
UK tax burden set to keep rising over the next decade to its highest in 40 years by 2025
The tax burden on British households and businesses is on course to climb to a 40 year high by the end of the next parliament as slower growth and an ageing population forces policymakers to choose between more austerity or higher taxes.
Lloyds Bank sets aside another £350m for PPI scandal
Increased provision will cover rise in both number of claims and size of compensation payouts, following Supreme Court judgement on PPI complaints handling.
UK business confidence has rebounded to its strongest level since 2015
Business confidence among the UK’s private sector firms recovered to the strongest level since mid-2015, according to new figures.
Vodafone to create 2,100 UK customer service jobs
Mobile phone giant Vodafone says it will create 2,100 jobs across the UK.
Budget labelled a ‘shambles’ as blame game erupts in Westminster
When Cabinet ministers gathered at No 10 on Wednesday morning for their 8am Budget briefing there was much cause for optimism.
Leaked Treasury report warns of painful ‘economic shock’ if Britain crashes out of the EU without a deal
Theresa May’s plans to rely on World Trade Organisation tariffs in the case of a hard Brexit will cause a “major economic shock” and is worse than any other option, according to an unpublished Treasury document
UK workers take fewest sick days since records began
‘it is a myth that UK workers are always throwing sickies. We’re really a nation of mucus troopers’, said TUC general secretary Frances O’Grady
BT agrees to Openreach separation
BT has struck a deal with the telecoms regulator Ofcom over the legal separation of Openreach, its network division.
Samsung chief Lee Jae-Yong on trial for bribery
The trial of Samsung’s de facto head Lee Jae-Yong on a string of corruption charges including bribery and embezzlement has begun in South Korea.
Prospect of £1.7bn fine looms large over PM’s talks with EU leaders
Demand from European fraud watchdog underlines challenges facing Theresa May as she heads to summit on Thursday
Co-op Bank racks up more losses as it seeks buyer
Troubled lender the Co-operative Bank said it was “engaging” with potential bidders after putting itself up for sale last month as the group revealed it remained deep in the red last year.
Thousands of Hotmail & Outlook email users unable to access their accounts due to Microsoft outage
A Microsoft crash has locked thousands of email users have been locked out of their accounts today.
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