Greggs has said that profits will be “materially higher” than expected and could return to pre-pandemic levels this year thanks to robust sales since shops reopened. In the latest indication that the UK economy is recovering strongly, the bakery…
Hotel Chocolat to repay £3million of furlough cash after incredible sales demand
Hotel Chocolat has become the latest company to pledge to repay millions of pounds of furlough money after a strong performance this year. The luxury chocolatiers yesterday promised to giving back £3.1 million from the coronavirus job retention scheme…
Waitrose set to offer same-day orders with Deliveroo
Waitrose is closing the same-day grocery service it launched less than two years ago after striking a deal with Deliveroo. The grocer is shutting Waitrose Rapid at the end of the month but customers will be able to receive…
Getting To Know You: Brad Day, co-founder, CloudStratex
Brad Day, the co-founder of IT services company CloudStratex tells Business Matters the inspiration was to starting the company. What do you currently do at CloudStratex? I helped start CloudStratex a couple of year ago; we have an experienced team…
New eBay rules let councils stop sale of unsafe products
Regulators will be able to take down unsafe products listed on eBay without consulting it under rules being developed by the online retailer. Officials including those at the Office for Product Safety and Standards and Ofcom, the media regulator,…
Treasury looks to sell another £1bn stake in NatWest
The government was last night trying to find buyers for more than £1.1 billion worth of NatWest shares after ordering the sale of a 5 per cent stake in the bank that it rescued 13 years ago. About 580…
Recovery ‘to take longer for regions’ and will create inequality for years
Britain’s economy will recover rapidly from the Covid-19 crisis but risks being hit by rising regional inequality and destitution for years to come, a leading think tank has warned. The National Institute of Economic and Social Research yesterday upgraded…
Time to kiss goodbye to Covid restrictions
Boris Johnson last night signalled an end to “government edicts” on Covid and told people to start using their common sense after England recorded no deaths from the virus for the first time since last summer. The prime minister…
Queen’s Speech set to put ‘Rocket fuel’ under pledge to level up education
The government will pledge today to put “rocket fuel” under its levelling-up agenda with a Queen’s Speech aimed at the “forgotten” 50 per cent who do not go to university. The prime minister will announce a right to government-funded…
Can I Get in Trouble For Using Fake Money if I Didn’t Know it was Fake?
This has been a question asked by tons of people when it comes to counterfeit or prop movie money. Sometimes (although unlikely) illegal bills get circulated throughout the economy undetected and can end up in the hands of the…