Tesco to cut 1,200 head office jobs
Tesco PLC (LON:TSCO) is to cut 1,200 jobs at its head office to make it 2,300 jobs the supermarket chain has culled in the past week.
A Press Association report said a quarter of staff would go at its offices in Welwyn Garden City and Hatfield. Last week Tesco said it would close its call centre in Cardiff, putting 1,100 jobs at risk.
Costa Coffee, Starbucks and Caffe Nero play down s-storm after faeces found in iced drinks
Costa Coffee, Starbucks Corporation (NASDAQ:SBUX) and Caffe Nero have launched reviews into their food safety procedures after lab tests found an alarming level of faecal bacteria in the ice used in their drinks.
An investigation carried out by the BBC One’s consumer series Watchdog tested samples from iced drinks at the three coffee chains
Google to lose out on billions in shopping revenues every year following EU ruling
Analysts at Raymond James estimate that Google generates around US$4bn in revenues every year from its Google Shopping service in Europe, revenues which could soon come under threat.
Now is not the right time to raise interest rates, says Bank of England's Deputy Governor
Raising interest rates now would add pressure on households already squeezed by rising inflation and weak wage growth, according to the Bank of England's Deputy Governor.
Stagecoach shares hit seven-year lows as full-year profits crash
The bus and rail operator has taken a hefty hit from its Virgin Trains East Coast rail franchise, reflecting the “onerous” nature of the current contract
Green sold BHS to avoid pension scheme hit says regulator
Sir Philip Green sold BHS to avoid the liabilities from the pension scheme if the firm went under. That was the conclusion of the Pension Regulator’s study into the collapse of the high street retailer.
Green sold BHS for £1 to former bankrupt Dominic Chappell in 2015. In February, he agreed to pay £363mln to meet some of the pension fund’s liabilities.