Asda chair says £100m hit from budget will be 'big burden' for wages
The Guardian|November 09, 2024
Asda has warned that measures in the government's budget will be a "big burden" for the supermarket chain, costing it £100m, and could prevent it from raising wages or hiring as many staff as it struggles to turn around falling sales.
Joanna Partridge

The company's warning yesterday came as other UK retailers' share prices took a hit as stock market investors continue to digest the implications of the changes to employers' national insurance contributions (NICs) announced in Rachel Reeves's first budget as chancellor.

Marks & Spencer (-4.8%), JD Sports (-2.6%) and Tesco (-1%) were among the fallers on the FTSE 100, pulling it down to a three-month low. On the FTSE 250 index of smaller companies, the share prices of the bakery chain Greggs (-6%) and the pub group Mitchells & Butlers (-7.7%) also fell.

The share price of the prison contractor Serco dropped nearly 10% yesterday, making it the biggest faller on the FTSE 250, after it told investors changes to employer NICs will cost it about £20m a year. Serco's share price was also affected by its announcement that it had a key contract with the Australian government's Department of Home Affairs to provide onshore immigration detention facilities and services.

هذه القصة مأخوذة من طبعة November 09, 2024 من The Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 09, 2024 من The Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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Bentancur to get long ban over alleged racist remark
The Guardian

Bentancur to get long ban over alleged racist remark

Tottenham are resigned to Rodrigo Bentancur being given a lengthy ban of at least six matches by the Football Association for making an allegedly racist remark about Son Heung-min.

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1 min  |
November 14, 2024
Kane faces Carsley axe Shock as captain set to be left out for crunch Greece match
The Guardian

Kane faces Carsley axe Shock as captain set to be left out for crunch Greece match

Harry Kane is set to be a shock omission from Lee Carsley's England team for tonight's must-win Nations League match against Greece in Athens.

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3 mins  |
November 14, 2024
Infantino to avoid scrutiny with virtual 2026 draw
The Guardian

Infantino to avoid scrutiny with virtual 2026 draw

Gianni Infantino will avoid any scrutiny of the controversial decision to give the 2034 World Cup to Saudi Arabia next month after Fifa opted to stage the qualifying draw for the 2026 tournament as a virtual event.

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2 mins  |
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Gordon heeds England's call as no-shows hinder Carsley
The Guardian

Gordon heeds England's call as no-shows hinder Carsley

While a depleted side face tricky tests against Greece and Ireland, there will be big opportunities for some

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4 mins  |
November 14, 2024
Lawrence caps quick Chelsea comeback after Agnew's early strike
The Guardian

Lawrence caps quick Chelsea comeback after Agnew's early strike

Chelsea's aspiration of claiming this season's Women's Champions League was hardly in danger as Murphy Agnew handed Celtic a shock lead.

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3 mins  |
November 14, 2024
Paul's big-money fight is a circus but the YouTuber is no clown
The Guardian

Paul's big-money fight is a circus but the YouTuber is no clown

Despite the absurd persona, his business savvy and support of female fighters must be acknowledged

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4 mins  |
November 14, 2024
Tyson offers reminder of boxing's glory days before weary return
The Guardian

Tyson offers reminder of boxing's glory days before weary return

Former Baddest Man on the Planet is reflective but determined in open workout as he gears up for inglorious fight with YouTuber, reports

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4 mins  |
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Lineker leaves second BBC presenting role
The Guardian

Lineker leaves second BBC presenting role

Gary Lineker has stepped down from his role as presenter of Sports Personality of the Year (Spoty), the BBC has confirmed.

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1 min  |
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Coe pulls no punches with his IOC pitch
The Guardian

Coe pulls no punches with his IOC pitch

Sebastian Coe has promised to introduce an \"uncompromising and clearcut\" policy to protect women's sport and to look into awarding prize money to all Olympic medallists if he is elected International Olympic Committee (IOC) president.

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Slade vows 'not to shut up shop' against Springboks
The Guardian

Slade vows 'not to shut up shop' against Springboks

England are looking to banish their autumn frustrations at South Africa's expense this Saturday and have vowed \"not to shut up shop\" against the reigning world champions.

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November 14, 2024