‘Darwinian culling’ will wipe out weak firms, warns Sorrell

Advertising tycoon Sir Martin Sorrell has warned that weak firms will be wiped out in a ‘Darwinian culling’ – as forecasts show unemployment is set to rocket.  Sir Martin, the founder and former chief executive of the WPP media empire, predicted that only the strongest companies would pull through the Covid-19 pandemic in a survival-of-the-fittest … Read more

MARKET REPORT: Airline woes escalate as Ryanair axes 3,000 jobs

Further gloom descended on airline stocks after Ryanair said it could cut up to 3,000 jobs. The Irish budget carrier will kick off a restructuring programme in a bid to survive the coronavirus crisis that could also include staff taking unpaid leave, slashing salaries by 20 per cent and temporarily closing bases at certain airports. The … Read more

Cost of tinned beans, rice and pasta sauce still on the up online

How the cost of tinned beans, pasta sauce and flour have risen in price online during April thanks to demand Average price of tinned beans has jumped 1.1% week-on-week, figures suggest Staples like rice, pasta sauce and cleaning sprays also still climbing  Cost of products like nappies, handwash and long-life milk reportedly down Some supermarkets … Read more