Following today’s release of Joules Q1 figures for 2020/21, Emily Salter, retail analyst at GlobalData, a leading data and analytics company, commented: ‘‘Joules has proved its resilience and the strength of its brand appeal as its retail revenue only fell by 5%, protected by strong sales growth online despite already high online penetration (57% in FY2019/20).
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Wetherspoon set to axe 450 staff at airport pubs
The JD Wetherspoon pub chain has warned employees working at its airport sites that up to 450 jobs could go.
Gove tells UK exporters they face 7,000 brexit-truck queues in Kent
Exporters to the EU face 7,000-truck-long queues in Kent and two-day delays to trade after the Brexit transition period ends, the government has warned.
Churches could double up as bank branches in cash-stricken areas
A financial hub in a Methodist church and drop-and-go deposit points for small firms are among ideas being tested in cash-stricken communities.
Work-at-home change ‘will have devastating impact’ on UK economy
Business groups have reacted with dismay to the prime minister’s call for people to work at home where they can.
Bank of England Governor calls for furlough ‘rethink’
The governor of the Bank of England has called for the government to “stop and rethink” the furlough scheme.
Ministers in talks to extend emergency protection for companies from winding-up petitions
Ministers are in talks to extend a moratorium aimed at preventing a deluge of company insolvencies amid fears that renewed trading restrictions will tip thousands of businesses beyond the brink of collapse.
New 10pm coronavirus curfew introduced for pubs and restaurants
Boris Johnson will today impose a 10pm curfew on pubs and restaurants, ban ordering at the bar and encourage working from home as he tries to rally the country in a renewed fight against coronavirus.
Step up Brexit planning, City warned by Financial Conduct Authority
The City has been told to intensify its preparations for Brexit amid concerns that the UK could fail to strike a trade deal with Europe.
Women receive up to 20k less than men when working the same hours
Women worked fewer hours than men across the board but when they did work similar hours, their pay differed by just over £20,000 per year.
Downing Street set to spearhead gambling reforms
Downing Street has taken control of the upcoming review of gambling legislation, due to be launched within weeks, amid a growing appetite for sweeping reform of the industry from Boris Johnson and his closest advisers.
Rishi Sunak to extend emergency Covid-19 business loan schemes
The government hopes to allay growing concerns over the economic fallout from a second wave in coronavirus infections by extending its emergency Covid-19 loan scheme for businesses.
Third of Wales to enter lockdown following spike in infections
Around a third of the Welsh population will enter lockdown from 6pm tomorrow after fresh data showed a sharp hike in the rate of infections in the country.
UK ends rail franchising as Covid measures extended by up to 18 months
The UK government is ending the rail franchise system in the biggest shake-up of the industry in 25 years.
Staff less motivated out of office, say company bosses
Only 23 per cent of businesses think that their staff have been more productive or motivated while they have been working from home, a survey suggests.