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Sainsbury’s questioned over annual report

Supermarket Sainsbury’s has been contacted by the Financial Reporting Council (FRC), the UK’s accounting watchdog, questioning the company’s reporting of supplier income disclosures.It is understood that approximately one third of companies whose accounts are reviewed by the watchdog are contacted with follow-up questions under new, tougher regulations. This follows the...

About 9 years ago

Lidl in management reshuffle

Discount supermarket Lidl has restructured its senior management in the UK.Former Lidl UK director Martin Kottbauer, who has been with the company since 1998, has taken up the position of International Purchasing Director at Lidl’s headquarters in Germany.  Meanwhile chief operating officer of Lidl Ireland, Martin Bailie has moved to the UK to...

About 9 years ago

Sales increase 6.9% for John Lewis

Department store John Lewis saw its sales increase 6.9% year-on-year last week.Figures show, that regardless of the warm weather, fashion sales increased 5.9% due to promotional activity and its new autumn/winter collection. Other figures show that own-brand items increased by 16%, cashmere by 46%, cold weather accessories by 23% and...

About 9 years ago

Loaf opens its first ever store

Loaf, the online furniture company that launched in 2008 has announced today (October 2) that it opened their first ever store in London’s Battersea.The new store which covers 8,000 sq ft of space, is offering a range of products such as tableware, cashmere blankets, organic candles, bath products and Derbyshire-made...

About 9 years ago

National minimum wage to rise

The government has announced that national minimum wage will increase by 20p an hour to £6.70 from October.The changes will benefit more than 1.4 million workers.The hourly rate for younger workers will also rise and apprentices salary will go up by 20% - or 57p to £3.30 an hour.The rates...

About 9 years ago

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