The top story over the weekend was Asda hiring ex-boss Allan Leighton, as covered by The Grocer here. The struggling retailer is seeking to recapture its former glory with Leighton, who was CEO in the late 90s, writes The Telegraph. The story was also reported in The Times, which points out Leighton was an integral member of the team that steered Asda from the brink of bankruptcy to a £6.7 billion sale to Walmart.
‘Nanny state’ fears are hindering the battle against obesity in Britain, The Times also reports this morning. Three former prime ministers and 10 former health secretaries have admitted they failed to do enough to tackle obesity and have urged Keir Starmer to take tough action, it writes.
In another story from The Times, seasonal hiring has driven up vacancy numbers. Advertised annual salaries are up 6% on the year, according to the job search site Adzuna.
Another story making headlines over the weekend was M&S’ bid to slash prices overseas. The aim is to ‘restore competitiveness’ abroad following its UK sales jump, according to The Telegraph.
Meanwhile, Amazon workers in 20 countries are set to protest or strike on Black Friday, reports The Guardian. Thousands of workers are expected to take action to press for better workers’ rights and climate action, it writes.
In another story from The Guardian, retailers are preparing for a cautious Christmas. A late Black Friday and a mild October mean seasonal sales have got off to a slow start, and hopes are not high, it reports.
In The Mail this weekend, another report was published on the impact of the budget. More firms are to go bust in wake of tax hikes, it wrote, as corporate bankruptcy experts warn of a “wave of distress”.
The budget also comes under fire at Sky News, which reports The Confederation of British Industry has joined a chorus of voices opposing chancellor Rachel Reeves’s fiscal measures.
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