Economy

Who is Amazon’s new CEO Andy Jassy?

3 February, 2021

After the CEO of Amazon’s consumer business, Jeff Wilke announced that his departure earlier, Andy Jassy became the frontrunner to succeed Jeff Bezos.

How do Premium Bonds work?

2 February, 2021

Each month NS&I gives out more than three million prizes to Bondholders, with winning numbers chosen at random. The tax-free prizes range from £25 to £1 million.

Asos buys Topshop, Topman and Miss Selfridge

1 February, 2021

Asos is acquiring the stock and the brands although, it is not acquiring the stores.

How GameStop became the centre of a Wall Street war

29 January, 2021

GameStop stock prices have soared over the last few days due to followers of the subreddit r/WallStreetBets challenging the financial establishment trying to short the stock. GameStop stock prices rise significantly 49-year-old Erik Riggiola who lost his job as an…

All 118 Debenhams stores to close: 12,000 jobs at risk

25 January, 2021

The Debenhams website, customer data, related business information and selected contracts are included in the deal but not the stores themselves.

141719269 10218551062784740 223629343380825398 o 1

More UK businesses will shut down as third lockdown continues

25 January, 2021

About 10,000 pubs have shut down permanently and it is estimated more than 250,000 small firms will not be able to improve their conditions.

Asos to build new fulfilment centre in Lichfield

8 January, 2021

Asos, the online fashion group, has announced that it will invest £90million by building a new UK fulfilment centre based in Lichfield, Staffordshire.

British Gas workers to strike due to “fire and rehire” plans

7 January, 2021

Thousands of British Gas workers will strike from Thursday as part of a five-day strike in response to the company’s “fire and rehire” plans.

Here are all the businesses closed due to the lockdown

5 January, 2021

Thousands of businesses across England will be obliged to shut again as the country is plunged into a third national lockdown.

Rishi Sunak announces economic plan for third national lockdown

5 January, 2021

The plan is to support business and jobs until Spring, when all activities are set to reopen.

Tesco introduces purchasing limits on certain items to prevent panic buying

23 December, 2020

The main purpose of the supermarket is to make all customers have access to some products.

About 819,000 paid jobs lost in the UK

15 December, 2020

Retail and hospitality are the worst hit sectors since the beginning of the Covid pandemic.

New tourist VAT tax to have huge impact on British fashion

14 December, 2020

Rishi Sunak announced the new tourist VAT tax only last week, now fashion experts are warning of the huge impact it might have.

Queues in Oxford Street, as lockdown ends and shops reopen

2 December, 2020

Londoners have formed long queues outside shops in Oxford Street, as shops reopened after the end of national lockdown.

Debenhams to close 124 shops cutting thousands of jobs

1 December, 2020

Debenhams chairman said to be “desperately sorry” for the over ten thousand employees about to lose their jobs.

Shops to stay open 24 hours a day for Christmas

30 November, 2020

Shops will be open for 24 hours for Christmas: under the new plan, shop owners can try to recoup some of the sales lost during the lockdown.

Covid pushed 700,000 people in UK into living in poverty

30 November, 2020

The 700,000 people include mostly young workers and employees of hospitality and retail sectors.

Primark extends opening before Christmas: 11 stores will open for 24 hours

27 November, 2020

The famous retailer is ready to re open its stores on December 2.

rishi sunak pay rise for doctors and nurses 2

Rishi Sunak announces pay rise for doctors and nurses

26 November, 2020

Rishi sunak has announced that NHS doctors and nurses will get a pay rise although pay rises for the rest of the public sector will be ‘paused’ next year.