Author: Scott Dylan

Employees at Harrods have announced strikes this Christmas due to unresolved pay issues.The United Voices of the World union saw a 95% vote for strike action, citing low pay.Workers are frustrated by management’s refusal to negotiate and cancelled bonuses.There are demands for transparency in service charges and improvements in worker conditions.Harrods management claims the striking workers are a minority and have contingency plans.Hundreds of Harrods employees are set to strike during the demanding Christmas season, driven by ongoing grievances about pay and working conditions. The workers, represented by the United Voices of the World (UVW) union, have expressed their dissatisfaction…

Frasers Group plans to acquire XXL Sport & Villmark, expanding its international presence.The group already holds a 25.8% stake in the Norwegian sports chain.The acquisition offer values XXL Sport & Villmark at approximately £17.45 million.Frasers Group aims to address XXL’s profit issues and aid in stock management.CEO Michael Murray emphasises Frasers’ strategic vision to help XXL overcome challenges.Frasers Group is setting its sights on a significant expansion by planning a takeover of Norwegian sports chain XXL Sport & Villmark. As the second-largest shareholder, holding a 25.8% stake, Frasers intends to offer 10 kroner per share for the stock it does…

Chester and Wrexham’s tourism leaders have committed to a collaborative effort to attract more visitors to the region.The partnership aims to leverage Wrexham’s “Hollywood football fairytale” alongside Chester’s rich historical offerings.Joint marketing projects are in development, focusing on sports-themed experiences and cross-border travel packages.An emphasis is placed on the combination of Chester’s and Wrexham’s strong tourism assets, including UNESCO World Heritage Sites.Transport links between the cities are set to support and ease visitor access, benefiting local businesses.Chester and Wrexham have embarked on a new chapter of collaboration aimed at boosting regional tourism. Tourism leaders from both areas have pledged to…

Fashion retailer Quiz is grappling with financial challenges, having initiated a strategic review.The company reports a notable downturn in both online and in-store traffic, driving a dip in sales figures.Store and concession sales decreased by 9.7% amidst a reduction in November revenues.Online sales similarly saw an 8.1% downturn, further hindering the company’s liquidity.Quiz is now weighing various financing options to maintain operations, with potential cash shortfalls looming.Fashion retailer Quiz is currently facing significant financial hurdles, which have prompted the initiation of a strategic review of its financing options. The company recently announced that it is collaborating with advisors to explore…

RG Law prioritises people in its approach to legal services, building strong client relationships and investing in community initiatives.The firm has developed an in-house Academy that nurtures talent from administrative roles to senior positions, resulting in significant career advancements.RG Law offers unique apprenticeship schemes in collaboration with York College, providing accessible pathways into the legal profession.Committed to clear communication, RG Law aims to make legal advice understandable and straightforward for their clients.Community involvement is a key focus, with partnerships and fundraising efforts supporting local causes in Yorkshire.RG Law is renowned for its focus on people, tailoring its legal services to…

The landscape of global grocery retail is set for a significant transformation over the next five years, with online and discount channels leading the charge in growth.According to the Institute of Grocery Distribution (IGD), these channels are expected to outpace traditional ones significantly, driven by economic factors, changing consumer behaviours, and strategic retailer adjustments. The forecast highlights that online grocery channels alone could represent 6.3% of global sales by 2029, while discount stores are poised to contribute 9.3%.While inflation is anticipated to gradually subside by 2025, developed markets might achieve inflation targets sooner than developing regions. Nevertheless, IGD’s projections suggest…

Morrisons CEO Rami Baitieh warns of an ‘avalanche’ of costs due to recent Budget changes, urging the UK government to stagger these financial burdens.The changes include a rise in business rates, National Insurance, minimum wage, and new packaging levies, significantly impacting retailers.Baitieh compares the situation to a rapid escalation of pressure, requesting phased implementation rather than immediate impacts.Retailers, including major supermarkets, have expressed concerns over potential job losses and price hikes due to these compounded costs.A collective industry letter highlights the £7bn annual cost surge expected, pressing the need for government intervention.Morrisons CEO Rami Baitieh has publicly addressed the UK…

Supermarkets across the United Kingdom are experiencing restrictions on their supply of Guinness as Diageo, the renowned drinks manufacturer, addresses a notable spike in demand.In response to what it describes as ‘exceptional’ consumer interest, Diageo has taken the step to limit the distribution of Guinness Draught to its UK off-trade and on-trade clients. This move comes as the company seeks to manage its inventory effectively during the crucial Christmas period, a time synonymous with increased consumer spending on festive goods, including alcohol. By rationing the supply, Diageo aims to ensure a fair allocation of this popular stout, thereby avoiding potential…

Frasers Group and B&M have been removed from the FTSE 100 as part of the latest review of the London Stock Exchange’s prestigious index.Three companies have been demoted in this reshuffle, allowing new entries like Games Workshop Group into the FTSE 100.Frasers Group’s shares have been declining amid a conflict with Boohoo Group, leading to its demotion to the FTSE 250.B&M’s shares dropped by 21% over three months, influencing its relegation to the FTSE 250.All changes will take effect from 23 December, after the close of business on 20 December.In the recent reshuffle of the FTSE 100, two major retail…

Frasers Group and B&M have been demoted from the FTSE 100 in the latest index reshuffle.Games Workshop Group ascends to the FTSE 100 in light of recent changes.Frasers Group’s exit follows declining shares amid tensions with Boohoo Group.B&M experiences a significant share drop and reduced profits in recent months.All index changes are effective from 23 December following the end-of-year review.The UK’s FTSE 100 index has seen significant changes with Frasers Group and B&M being removed and making way for new entrants. This change highlights the dynamic nature of the stock market as companies’ economic performances fluctuate over time.Games Workshop Group…