Old £1 coin deadline looming in one week - Ashdale Business Consulting

Gazette

Old £1 coin deadline looming in one week

October 9, 2017

  People have just one week remaining to spend their old £1 coins before businesses can refuse to accept them. From 16 October, the round £1 coin will no longer be legal tender, having been replaced by a new 12-sided version earlier this year. It will still be possible to deposit the old coins at Read More…


Ford to move away from traditional cars

October 4, 2017

  Ford’s new boss has outlined plans which he says will make the US car giant “fit” to compete in a changing industry. Jim Hackett said Ford would shift resources from traditional cars to SUVs and trucks, while investing in electric power and tech services. The firm will also automate its manufacturing processes more to Read More…


Tesco hails strong progress as sales rise again

October 4, 2017

  Tesco chief executive Dave Lewis has hailed “strong progress” at the supermarket as sales rose for the seventh quarter in a row. Like-for-like sales, which strip out new store openings, rose 2.1% in the second quarter. Pre-tax profit was also up, rising to £562m for the first half compared with £71m for the same Read More…


The man driving Aldi’s remarkable growth

September 27, 2017

  Aldi may have seen its UK profits drop last year, but shoppers spent an extra £1bn there compared with 2016. We meet the man driving the discount supermarket’s rapid growth. Aldi doesn’t sell a very wide range of products so the bar is set high for any new one to make it to the Read More…


Jaffa quake as McVitie’s cuts pack sizes

September 26, 2017

  The number of Jaffa Cakes has been cut from 12 to 10 in the latest example of packaged food “shrinkflation”. The boxes now weigh 4.3oz rather than 5.2oz, but McVitie’s has reduced the recommended price from £1.15 to 99p. Twin packs, which now have 20 cakes rather than 24, are now £1.89 rather than Read More…


Summer transfer window: Premier League clubs spend record amount

August 24, 2017

  Premier League clubs have spent a record £1.17bn on players in this summer’s transfer window, according to business analysts Deloitte. The 20 clubs had spent the sum by the end of Wednesday, beating the previous record of £1.165bn set last summer. This summer has seen Manchester United pay Everton an initial £75m for striker Read More…


CMA gives go-ahead to Heineken takeover of Punch

August 18, 2017

  Competition and Markets Authority (CMA) has given the go-ahead for Heineken’s takeover of Punch. The CMA has accepted proposals by Heineken made earlier this month to sell 30 pubs to address competition concerns in no more than four packages. The CMA stated: “In June, the CMA said Heineken’s proposed purchase of part of the Read More…


Rail fares face biggest rise for five years

August 16, 2017

  Millions of rail users in the UK will see the price of regulated rail fares rise by up to 3.6% in January. The permitted increase – which is taken from the Retail Prices Index (RPI) inflation measure for July – will be the highest since January 2013. Passenger groups said commuters would be worst-hit, Read More…


UK unemployment stays at 42-year low

August 16, 2017

  Unemployment in the UK fell by 57,000 in the three months to June, official figures show, bringing the jobless rate down to 4.4% – its lowest since 1975. Average weekly earnings increased by 2.1% compared with a year earlier – slightly higher than last month’s 2% increase. But with inflation continuing to run at Read More…


Asda to offer 14 day payment terms to small suppliers

June 1, 2017

  New terms to benefit suppliers with up to £250,000 worth of business with the supermarket Asda is reducing its payment terms for small suppliers to fourteen days as part of its on-going efforts to work more effectively with its supply base. The move will benefit around 1200 small suppliers with up to £250,000 business Read More…