Sainsbury’s cuts 3,000 jobs as grocers seek cost savings

Sainsbury’s Cuts 3,000 Jobs as Grocer Seeks Cost Savings

2025-01-23 18:25:00 : (Bloomberg) — J Sainsbury Plc, Britain’s second-largest supermarket chain, will cut 3,000 jobs and close remaining cafes after the government announced a rise in corporate taxes. Sainsbury’s said on Thursday the move would involve a reorganization of roles at its headquarters and a 20% cut in senior management positions. Overall, the layoffs … Read more

Lloyds CEO welcomes Reeves’ intervention in car finance case

Lloyds CEO Welcomes Reeves’ Intervention in Car Finance Case

2025-01-23 14:47:00 : (Bloomberg) — Lloyds Banking Group Plc’s boss said he welcomed the British government’s recent decision to intervene in a landmark court case over controversial car loans, saying the move could help To maintain the investability of the UK. The Treasury, led by Finance Minister Rachel Reeves, said this week it had told … Read more