Wages

Bank of England cuts interest rates to 4.75%

The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%. The…

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Today’s news in brief-11/10/24

Ikea reported a 5.3% decline in retail sales to €45.1bn (£37.7bn) after implementing significant price reductions across 63 markets. Despite…

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Sainsbury’s chief calls for Budget action on consumer confidence

Sainsbury’s boss Simon Roberts has called on the government to introduce measures to improve consumer confidence in the Budget this…

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Today’s news in brief-24/9/24

Harrods has launched an internal investigation to determine if any current staff were involved in allegations of rape and sexual…

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Card Factory HY profits fall 43% amid rising wages

Card Factory has reported that adjusted profits before tax fell by 43% to £14.5m in the six-month period to 31…

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Two Frasers Group brands face audit issues amid missing payroll data

Frasers Group has encountered issues with the audits of two of its brands, I Saw It First and Choice, according…

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Shein uncovers two cases of child labour in supply chain

Shein has revealed it uncovered two cases of child labour in its supply chain last year, as both cases were…

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Today’s news in breif-13/8/24

UK wage growth has fallen to a two-year low, with wages excluding bonuses growing by 5.4% in the three months…

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UK wage growth falls to two-year low

Wages excluding bonuses in the UK grew by 5.4% in the three months ended 30 June 2024, the lowest growth…

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Today’s news in brief-23/7/24

Tapi Carpets and Floors Limited has acquired the Carpetright brand and 54 stores following its collapse into administration. While over…

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