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BP names new boss as current CEO leaves after less than two years
Posted onArchie Mitchell and Josh MartinBusiness reporters Reuters Newly appointed BP chief executive Meg O’Neill currently runs Australian oil and gas firm Woodside Energy BP has appointed a new chief executive, making Meg O’Neill the first woman to run a major global oil firm. The London-based energy giant said its current boss Murray Auchincloss would step…
Reselling tickets above face value set to be banned by government
Posted onGetty Images Reselling tickets to live events for a profit is set to be banned by the government. Ministers are expected to announce the plan in a bid to tackle touts and resale sites which offer tickets at several times’ face value. Restricting ticket touts was one of the Labour government’s election pledges, as fans…
Nearly 4m Londoners below income level for decent living standard
Posted onRenting for an adult is more than twice as expensive in outer London than other UK cities, increasing to three times as expensive in inner London, meaning the income needed to live “with dignity” – defined as being “able to take part in the world around you in a meaningful way” – in London is…
Senior Co-op staff complain of toxic culture at the top
Posted onA spokesman for the Co-op told the BBC: “Our culture, as a co-operative, ensured decision-making throughout has listened to views from leaders and colleagues across our food and wider business, whilst simultaneously acknowledging when a wide range of views are expressed, not everybody will always agree with the final decisions and actions taken.”
Entertainer founder hands over toy shop chain to staff
Posted onEmma Simpson Business correspondent The Entertainer The Entertainer has 160 stores in the UK The founder of the UK’s biggest toy chain, the Entertainer, is handing over control of the business to his 1,900 workers. Gary Grant opened his first shop with his wife Catherine in 1981 when he was 23. He’s now 66, and…
1975: Could you do your food shop just once a year?
Posted onIt’s a chore we all have to do regularly but in 1975 Nationwide went grocery shopping with a couple who bought all their supplies yearly rather than weekly. By borrowing a van and enlisting the help of supermarket staff to push their multiple bulging trollies outside to the carpark, the pair reckoned their £122 annual…
