Author: Dave Antrobus
Solus has launched a new car repair centre in Sunderland, creating around 30 jobs.The facility at Hillthorn Park is Solus’s first in the North East of England.Positions range from management to technical and customer care roles.This expansion aligns with Solus’s plans for additional sites in Sheffield and Exeter.Hillthorn Park is part of a significant regional industrial development backed by multiple organisations.Around 30 new jobs will be introduced in Sunderland as Solus opens a fresh car repair centre. Part of Aviva’s insurance operations, Solus already commands a network of 22 vehicle repair centres throughout the UK. These centres specialise in handling…
The hospitality sector is disputing an HMRC regulation perceived as unfair, impacting numerous venues financially.Venues commonly cover taxi expenses for late-night employees, yet these are taxed as a benefit-in-kind.This HMRC rule particularly affects those working past 9pm, with regular taxi commutes considered taxable.A Manchester hotel was notably hit with a backdated £30,000 tax demand due to rule enforcement.Prominent figures, including Sacha Lord, urge for policy changes to protect staff safety without financial penalties.In recent developments, the hospitality industry has raised substantial concerns over an HMRC loophole resulting in unexpected financial burdens on various venues. Principally, the point of contention is…
Usdaw has amplified its call for broader Boxing Day retail closures by highlighting Poundland’s decision to close over 800 stores, setting a notable precedent in the retail industry.Poundland, aligning with John Lewis, Waitrose, and Home Bargains, opts for Boxing Day and New Year’s closures to provide staff with a break, responding to long-standing union demands.Bally Auluk from Usdaw commends Poundland for its decision, reiterating the importance of substantial holiday breaks for retail workers during the festive season.Usdaw’s position is clear: shops should only operate with voluntary staff on key holidays, pushing for industry-wide adoption of similar closure practices.Poundland’s recent recruitment…
A former developer headquarters in North Wales might be transformed into an apart-hotel, tapping into the region’s tourism potential.Built in 2018, the £1.3m headquarters fell into administration in 2019 after financial setbacks faced by GM Jones.Pharma Group Holdings acquired the site in 2022, planning to convert its excess office space due to a post-pandemic surplus.The proposed change aligns with Welsh Government’s aspirations to enhance tourism and economic growth in the Conwy Valley.Pharma Group, with extensive experience in tourism, aims to partner with a leader in visitor experiences for this venture.The former headquarters of a development company in North Wales is…
Britain’s prominent online used car marketplace reduces pre-tax losses by 25%.The company’s revenue sees a significant increase of 48% in 2023.A co-founder steps down from the board amidst these financial changes.The workforce expands substantially by over 100 employees.Motorway’s strategic model contributes to contrasting results against a former rival.In a notable development within the online automotive sector, one of Britain’s leading online used car marketplaces has achieved a 25% reduction in its pre-tax losses, decreasing from £43.2 million to £31.8 million in 2023. This financial improvement coincides with strategic internal changes, including the stepping down of one of the company’s co-founders…
Watches of Switzerland, the UK’s premier Rolex dealer, faces pressure to shift its primary stock listing to the United States. This proposal emerges amid concerns regarding the valuation of London’s stock market.Investor Gatemore argues that this move would better reflect the luxury retailer’s intrinsic value, urging higher valuations through favourable U.S. market conditions. Recent trends indicate other businesses are also considering such transitions.Gatemore’s Strategic ProposalGatemore, having recently acquired a substantial stake in Watches of Switzerland, asserts that the company’s current share price undervalues its true market potential. The investor attributes this to misconceptions about the firm’s supposed vulnerability to a…
Rachel Reeves has achieved an unprecedented £2.2 billion from inheritance taxes, also known as the ‘death tax’, as the UK anticipates potential tax reforms in the upcoming Autumn Budget.This financial milestone is indicative of rising tax revenues, prompting discussions on adjusting existing regulations and thresholds to better align with the current economic landscape.According to the Office for National Statistics (ONS), last month’s inheritance tax collection reached £736 million, contributing to a financial year total of nearly £4.3 billion. This marks a significant increase of more than 10% compared to the previous year. The tax, often called the “death tax”, applies…
Reckitt Benckiser grapples with a slight decline in revenue amid post-pandemic challenges, yet remains assured of meeting its full-year targets.The company experienced a -0.5% growth in like-for-like net revenue for Q3; overall net revenue declined by 4% in Q3 and 3.8% for the year ending September.Growth was noted in Reckitt’s hygiene and health sectors, but nutrition sales fell by 17.3%, largely due to supply issues from the Mount Vernon tornado.Reckitt’s strategic reorganisation for 2025 will focus on three divisions, aiming for streamlined operations and enhanced shareholder returns.CEO Kris Licht expressed confidence in the company’s resilience, highlighting progress in its share…
Amazon has significantly expanded its same-day delivery service, now covering over 80 towns and cities across the UK.This expansion follows a substantial increase in demand, with the volume of same-day delivery orders more than doubling in the past year.Popular items ordered during the recent Prime Day included tech gadgets and wellness products, showcasing diverse consumer interests.Amazon’s ongoing investment in robotics and AI is aimed at enhancing the speed and efficiency of deliveries throughout Europe.The company’s strategic initiatives support both customer satisfaction and operational improvements by integrating advanced technologies.Amazon has extended its same-day delivery service to encompass more than 80 towns…
Fanatics is poised to expand its physical retail presence with a new store on London’s Regent Street.This venture marks Fanatics’ debut in standalone retail, expanding from its usual sports venue shops.Details regarding the opening date of the Regent Street store remain undisclosed.Fanatics has been operating in the UK market since acquiring Kitbag in 2016.The company maintains partnerships with leading sports organisations globally, including the FA, UEFA, and multiple football clubs.Fanatics is gearing up to make its debut in standalone retail with a new store set to open on London’s Regent Street. Currently, Fanatics manages retail outlets within stadiums and sports…
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