Poundland owner Pepco shuns London to float in Warsaw April 26, 2021 Poundland owner Pepco this morning announced its intention to go public in Poland, in a blow for London’s financial market. Pepco said it intends to apply for listing and admission to the Warsaw Stock Exchange, and said it had chosen Poland as it is the firm’s largest operating area. The discount retailer, which has more [...]
Recipe box firm Gousto to double workforce after first year of profitability April 26, 2021 Recipe box firm Gousto announced this morning that it plans to double its workforce as it revealed it had delivered a year of profitability for the first time ever as the pandemic more than doubled sales. Gousto announced this morning that it achieved record sales of £189m last year as it won market share from [...]
Yougov acquires open banking start-up Lean App April 26, 2021 Data analytics firm Yougov has acquired open banking start-up Lean App to help improve its services with financial transaction data. Lean App has been acquired by Yougov on a three year earn-out, tied to enriching and expanding the research company’s data in the UK and the US. Lean App’s founders – Luke Dugdale, Tom Stuart, [...]
Recruitment firm Staffline expects to beat forecasts as end of furlough to boost training unit April 26, 2021 Recruitment firm Staffline said this morning it expects its financial results for this financial year to be ahead of forecasts as the employment market bounces back after the latest lockdown. The company said it anticipates that it will benefit from the end of the furlough scheme, as people search for new jobs and training courses, [...]
Superdry appoints ex-Helly Hansen boss as chairman April 26, 2021 Superdry has appointed the former boss of Norwegian sportswear brand Helly Hansen as its new chairman. The retailer announced this morning that Peter Sjolander will join the board on 29 April, with current chairman Peter Williams stepping down on the same day after two years in the role. Sjolander, who was Helly Hansen’s chief executive [...]
Regulators mull restricting Astrazeneca jab for under-40s over blood clot fears April 24, 2021 UK scientists are reportedly considering whether under-40s should be advised to have an alternative vaccine to the Astrazeneca jab due to blood clot fears. Earlier this month it was recommended that under-30s should be offered a different jab as the risk of developing a blood clot outweighed the benefits of receiving the vaccine. The risk [...]
Labour calls for independent commission on standards after Cummings slams PM’s integrity April 24, 2021 The Labour Party has called for an independent commission on ethics and standards in government after Dominic Cummings, the Prime Minister’s former top adviser, criticised Boris Johnson’s integrity. On Friday Dominic Cummings, who left Johnson’s staff suddenly late last year having previously been his most influential adviser over Brexit and the 2019 election campaign, denied [...]
Boohoo mulls linking bonuses to ESG improvements April 24, 2021 Boohoo is considering linking top bosses’ bonuses to improvements in the fast fashion firm’s environmental, social and governance (ESG) issues, following a scandal surrounding factories used by the retailer’s suppliers. The Environmental Audit Committee (EAC) said that Boohoo had agreed to look into the idea of linking senior executive remuneration incentives to ESG improvements. In [...]
Franco Manca owner Fulham Shore says reopening sales beat pre-Covid levels April 23, 2021 Franco Manca owner Fulham Shore said sales had boomed since outside trading at its restaurants reopened, beating pre-Covid levels. Group sales in the week ended 18 April were ahead of the same wee in April 2019, before the coronavirus pandemic hit the UK. Following the “very encouraging” first week of outdoor trading, Fulham Shore said [...]
Co-op to axe team manager roles in shake-up affecting 2,000 jobs April 22, 2021 Convenience store chain Co-op has announced plans to overhaul its worker structure, in a move that is expected to impact around 2,000 staff members. The retailer will reportedly axe the team manager role across most of its sites, although no compulsory redundancies are expected to be made. Instead, Co-op will offer those affected by the [...]
