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Marks & Spencer 'to cut 1,000 jobs'

Tue, 06 Jan 2009 16:00:22 GMT

Marks & Spencer will announce 1,000 redundancies tomorrow, according to press reports. The retailer is due to release sales figures for the crucial Christmas trading...

Service sector employment rate tumbles

Tue, 06 Jan 2009 16:00:22 GMT

Employment in the UK's service sector has hit a record low as firms struggle in the face of falling demand. The Chartered Institute of...

Tesco slashes prices by Â£100m

Tue, 06 Jan 2009 16:00:22 GMT

Tesco has launched a new price war by cutting its prices by 100 million in a bid to beat its nearest rivals. Price-sensitive customers...

Govt may force firms to reveal gender pay gap

Tue, 06 Jan 2009 12:00:12 GMT

Companies may be forced to accept outside help to ensure their female employees are on the same pay grades as their male counterparts, it has...

Outlook boosts Next shares

Tue, 06 Jan 2009 12:00:12 GMT

Next shares gained almost seven per cent in early trading after the retailer reassured investors trading is on track to meet full-year profit forecasts...

Russia threatens European gas supplies

Tue, 06 Jan 2009 12:00:12 GMT

Europe's supply of natural gas is under threat as the standoff between Russia and Ukraine's energy companies continues. Turkey, Greece, Macedonia and Bulgaria...

'Good news' for travel industry employees

Tue, 06 Jan 2009 12:00:01 GMT

Those working in the travel industry may be pleased to hear that an increasing number of people going on holiday may help recruitment levels...

Stressed employees 'drinking to help them cope'

Tue, 06 Jan 2009 12:00:01 GMT

Some employees are drinking more alcohol to help them cope with the amount of stress they are under at work, research has discovered...

CIPD: Redundancies cost firms Â£16,000

Tue, 06 Jan 2009 12:00:01 GMT

It costs firms an average of 16,000 every time they make an employee redundant, it has been claimed...

Adams shuts down 111 stores

Mon, 05 Jan 2009 20:00:12 GMT

Adams Childrenswear has shut 111 stores with the loss of 850 jobs after calling in the administrators. The chain appointed PricewaterhouseCoopers (PwC) as administrators five...

Energy price cuts forecast

Mon, 05 Jan 2009 16:00:22 GMT

Consumers can expect price cuts from power companies in the New Year as the cost of wholesale gas falls, a comparison website claims. An announcement...

Wedgwood faces closure

Mon, 05 Jan 2009 12:00:19 GMT

Waterford Wedgwood is set to go into administration with its shares suspended on the Irish Stock Exchange. Deloitte has been named as the administrator for...

Worst year for jobs 'in two decades'

Mon, 05 Jan 2009 12:00:19 GMT

The gloomy economic outlook has worsened as 2009 is forecast to be the worst year for jobs in two decades. The Chartered Institute of Personnel...

Gordon Brown announces plans to create 100,000 jobs

Mon, 05 Jan 2009 12:00:01 GMT

Gordon Brown has announced plans to create up to 100,000 new jobs in the UK...

IT contractors warned not to lie to get jobs

Mon, 05 Jan 2009 12:00:01 GMT

IT contractors struggling to find work have been warned not to risk losing a position by lying on their CVs...

Brown plans job-creation programme

Sun, 04 Jan 2009 16:00:09 GMT

Gordon Brown has said he wants to create around 100,000 new jobs through a programme of public works with echoes of the 1930s US...

Staff protest as further 200 Woolworths stores close

Sat, 03 Jan 2009 12:00:10 GMT

Woolworths employees in Jersey are planning a protest over redundancy pay as a further 200 stores close today (Saturday January 3rd). Administrators Deloitte gave the...

Govt 'looking into second bank bailout package'

Sat, 03 Jan 2009 12:00:10 GMT

The government is reportedly looking into options to provide further financial assistance to the banking sector. The Times reports that the Treasury is alarmed by...

FTSE 100 sees 2009 bounce

Fri, 02 Jan 2009 20:00:06 GMT

Traders heads recovered after New Year's Eve champagne pushing the FTSE 100 up to its highest point since the start of November. The index...

FTSE 100 starts 2009 with rise

Fri, 02 Jan 2009 12:00:06 GMT

The FTSE 100 started 2009 with some small gains continued the post-Christmas positivity. At 8:42 GMT, the index stood at 4,452.19...

Mortgage approvals slump to 9-year low

Fri, 02 Jan 2009 12:00:06 GMT

Mortgage approvals fell to a nine-year low in November, according to new statistics from the Bank of England, and lending is expected to fall...

House prices down 16.2% in 2008

Fri, 02 Jan 2009 12:00:06 GMT

House prices fell 2.2 per cent in December, as the property slowdown looks set to continue into 2009. The Halifax house price index shows...

Commuters hit by increased train fares

Fri, 02 Jan 2009 12:00:01 GMT

Commuters travelling to work every day may find that they are now paying more for their rail tickets...

Keywords 'help employers find relevant CVs'

Fri, 02 Jan 2009 12:00:01 GMT

It is advisable to use keywords to ensure that CVs posted on online recruitment sites are noticed easily by employers, it has been claimed...

Encouragement is the 'best way to keep staff environmentally friendly'

Fri, 02 Jan 2009 12:00:01 GMT

Employers should use incentives to encourage their staff to be more energy efficient in the workplace, it has been suggested...

FTSE 100 sees worst ever year

Wed, 31 Dec 2008 16:00:13 GMT

The FTSE 100 recorded its worst year in 2008 since its establishment in 1984 falling over 30 per cent. After a year dominated by bank...

FTSE 100 up on end of worst ever year

Wed, 31 Dec 2008 12:00:07 GMT

The FTSE 100 was up this morning as its ends its worst ever year. The index continued its post-Christmas gains standing at 4,430...

Aberdeen takes a slice of Suisse

Wed, 31 Dec 2008 12:00:07 GMT

Aberdeen Asset Management is to take on Credit Suisse's fund management arm in a deal worth 250 million The all-share deal will see...

Morgan calls in administrators

Wed, 31 Dec 2008 12:00:07 GMT

French women's fashion store Morgan has entered administration becoming the first major French retail victim of the global slowdown. The retailer saw a nine...

Clothing IT managers prefer to see at interview

Wed, 31 Dec 2008 12:00:01 GMT

IT managers have spoken out about the dress code they expect candidates to adhere to during an interview...

More affordability for first-time buyers in 2008

Wed, 31 Dec 2008 00:00:07 GMT

Despite the economic downturn the affordability of property for first-time buyers has improved significantly in the last year, a new review has found. While...

Christmas boost remains on markets

Tue, 30 Dec 2008 20:00:09 GMT

The FTSE 100 closed up again today, as the slow moving markets maintained some festive glee before the turn their backs on a torrid 2008...

FTSE 100 continues post-Christmas boost

Tue, 30 Dec 2008 12:00:21 GMT

The FTSE 100 was up again this morning, for a second day of gains after the Christmas break. At 9:15 GMT, the London index...

US Treasury buys $5bn stake in GMAC

Tue, 30 Dec 2008 12:00:21 GMT

The US government has bought a $5 billion (3.4 billion) stake in GMAC, the lending arm of General Motors. A further $1 billion is...

Public sector workers 'more likely to be off sick'

Tue, 30 Dec 2008 12:00:02 GMT

Employees in the public sector are more likely to take time off than those working in the private sector, an investigation has discovered...

Advice for bosses on keeping contact with those on maternity leave

Tue, 30 Dec 2008 12:00:02 GMT

One website has given advice to employers about the best ways to stay in contact with their workers when they are on maternity leave...

Sterling falls further against euro

Mon, 29 Dec 2008 20:00:16 GMT

The pound fell further against the euro today to new record lows. Today the currency lost a further two per cent of its value, down...

Adams looks to raise funds to avoid administration

Mon, 29 Dec 2008 20:00:16 GMT

Children's clothes chain Adams is looking to raise funds by the end of the week to avoid facing administration. The firm is facing proceedings...

FTSE 100 holds on to festive cheer

Mon, 29 Dec 2008 20:00:16 GMT

The FTSE 100 was up nearly two per cent today, as the first day back after Christmas for traders brought a touch of festive cheer...

Brits stop remortgaging to spend

Mon, 29 Dec 2008 12:00:10 GMT

House price falls and the credit crunch have stopped Britons remortgaging to spend, as they focus more on paying off their mortgages. Data from the...

FTSE 100 jumps 2.4% after Christmas

Mon, 29 Dec 2008 12:00:10 GMT

London opened surprisingly up this morning, as markets shook back to life after Christmas. At 8:43 GMT, the FTSE 100 was up 2.40...

600,000 job losses expected for 2009

Mon, 29 Dec 2008 12:00:10 GMT

The coming year could see as many as 600,000 job losses with over a quarter of workers expecting no pay rise. The Chartered Institute...

Cyber skiving 'set to increase'

Mon, 29 Dec 2008 12:00:01 GMT

More and more employees are using their time at work to surf the internet or 'cyber skive', it has been claimed...

BCC: Minimum wage should be frozen in the UK

Mon, 29 Dec 2008 12:00:01 GMT

It has been claimed that the minimum wage in the UK should not be increased again until the country has pulled itself out of the...

Adams takes step toward administration

Sun, 28 Dec 2008 20:00:05 GMT

Childrenswear retailer Adams has taken the first step toward filing for administration. The company filed court papers last week notifying of its intention to appoint...

Staff face pay cuts next year

Sun, 28 Dec 2008 16:00:10 GMT

Private sector employees face pay freezes and cuts next year, the director-general of the British Chambers of Commerce (BCC) has warned. BCC director general...

January sales not enough to save high street jobs

Sat, 27 Dec 2008 16:00:06 GMT

The rush for post Christmas bargains will not save the retail industry from a very tough 2009, the head of the industrys trade body has...

Quarter of Woolworths stores to close today

Sat, 27 Dec 2008 12:00:10 GMT

A total of 200 Woolworths branches are set to close today as the retailer winds up its presence on the high street. Outlets in Aberdeen...

Zavvi sale goes ahead despite financial problems

Fri, 26 Dec 2008 20:00:06 GMT

Troubled entertainments retailer Zavvi has gone ahead with its Boxing Day sale, despite entering administration earlier this week. The music, computer games and DVD store...

Retailers predict gloomy Christmas results

Fri, 26 Dec 2008 12:00:10 GMT

The director general of the British Retail Consortium (BRC) has admitted that early indications show this year's Christmas trading results "won't be pretty...