In administration

[Macdemon]

OMG, TWO companies now in administration.

 

First ToysRus and then Maplins.

 

http://www.bbc.co.uk/news/business-43225248 

 

http://www.bbc.co.uk/news/business-43223175 

 

Soon there will be nothing left on the high street 

[lol-lol]

4 minutes ago, Macdemon said:

OMG, TWO companies now in administration.

 

First ToysRus and then Maplins.

 

http://www.bbc.co.uk/news/business-43225248 

 

http://www.bbc.co.uk/news/business-43223175 

 

Soon there will be nothing left on the high street 

 

Fond memories of both companies and sadly this is probably the the start of the trend as most people have less disposable income as inflation has outstripped earnings in the last two years (post BREXIT vote and fall of the British pound) and for several years after the financial crisis ie 2010-2013.  

 

Thought things were getting better in 2014 and 2015 and then the UK committed self harm on June 23rd 2016.  Unemployment rose 50,000 in the last 3 month reported, a million on zero hours contracts,.  

 

 

[CWARD]

Maplins and ToysRus have both failed to keep up with online trading and their prices were never competitive either.

Maplins used to be a good store we’re you could go in and chat with someone knowledgeable on what project you were working on. You didn’t mind paying the extra for the speciality store. Now they're just mainly retail with staff having little knowledge of what they’re selling but still charging high prices. 

Some idiots would like to make political capital out of their situation but it’s a simply failure to evolve. 

[octyal]

Shame about Maplin's, probably couldn't compete with the online world either - I remember Tandy going the same way in the late 80's....

[lol-lol]

2 hours ago, Macdemon said:

OMG, TWO companies now in administration.

 

First ToysRus and then Maplins.

 

http://www.bbc.co.uk/news/business-43225248 

 

http://www.bbc.co.uk/news/business-43223175 

 

Soon there will be nothing left on the high street 

 

They are the tip of an iceberg. (even the Daily Mail is saying so now last night) ......    http://www.dailymail.co.uk/news/article-100566/Lloyds-TSB-axe-5-000-jobs.html  

 

Lloyds TSB to axe 5,000 jobs

 

Banking giant Lloyds TSB today revealed plans to axe 5,000 jobs as it reported a 8% slide in profits over the last year.

 

The group said the jobs would go this year mainly from its central and support areas, although 2,000 jobs would be created in "customer facing" sales and service areas.

Finance union UNIFI said it would fight any compulsory redundancies and said there was "no justification" for job cuts.  The jobs announcement came as the bank said pre-tax profits for the year to December 31 fell by £310 million to £3.55 billion against the same period the previous year.  It said the reduction was driven by adverse short-term fluctuations in investment earnings, which stacked up to £648 million, caused by the decline in stockmarket values.  The group also reported a decline in profits in its high street banking division and international banking - hit by the troubles in Argentina - although profits from mortgages increased.  News of the job cuts were revealed on page 33 of a 49-page financial statement to the stock market..........

Read more: http://www.dailymail.co.uk/news/article-100566/Lloyds-TSB-axe-5-000-jobs.html#ixzz58PYRfGZk 
Follow us: @MailOnline on Twitter | DailyMail on Facebook

[camelspyyder]

Not all doom and gloom today though:

 

Toyota to build next generation of Auris in UK

 

http://www.bbc.co.uk/news/business-43226097

[Macdemon]

3 hours ago, lol-lol said:

Thought things were getting better in 2014 and 2015 and then the UK committed self harm on June 23rd 2016.

 

Better than being robbed and lied to by a selfless dictatorship.

 

Brexit is the BEST thing that has happened to this country since we became part of that stagnant, oppressive, inefficient dinosaur that calls itself the EU.

[Eddie-NL]

1 hour ago, lol-lol said:

 

They are the tip of an iceberg. (even the Daily Mail is saying so now last night) ......    http://www.dailymail.co.uk/news/article-100566/Lloyds-TSB-axe-5-000-jobs.html  

 

Lloyds TSB to axe 5,000 jobs

 

Banking giant Lloyds TSB today revealed plans to axe 5,000 jobs as it reported a 8% slide in profits over the last year.

 

The group said the jobs would go this year mainly from its central and support areas, although 2,000 jobs would be created in "customer facing" sales and service areas.

Finance union UNIFI said it would fight any compulsory redundancies and said there was "no justification" for job cuts.  The jobs announcement came as the bank said pre-tax profits for the year to December 31 fell by £310 million to £3.55 billion against the same period the previous year.  It said the reduction was driven by adverse short-term fluctuations in investment earnings, which stacked up to £648 million, caused by the decline in stockmarket values.  The group also reported a decline in profits in its high street banking division and international banking - hit by the troubles in Argentina - although profits from mortgages increased.  News of the job cuts were revealed on page 33 of a 49-page financial statement to the stock market..........

Read more: http://www.dailymail.co.uk/news/article-100566/Lloyds-TSB-axe-5-000-jobs.html#ixzz58PYRfGZk 
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Really, I see manipulation here to support your argument.

A quick google search for 5000 job loses at lloyds doesn't bring any recent reports

 

https://news.sky.com/story/lloyds-profits-climb-24-to-record-53bn-11260031

 

 

[moley]

The Daily mail article regarding 5000 job losses appears to be an article from 2002. Must be a Tony Blair issue 

[Skodaboy1983]

No Lloyd’s jobs going as far as I am aware as I work for them.

 

Gutted about toys r us through, many a happy time as a kid in their store in Edinburgh.

 

Davy

[camelspyyder]

1 hour ago, moley said:

The Daily mail article regarding 5000 job losses appears to be an article from 2002. Must be a Tony Blair issue 

 

Indeed it looks to be cribbed from the Guardian, 15 Feb 2002.

 

good effort the Daily Fail. and lol-lol.

 

 

 

[moley]

1 minute ago, camelspyyder said:

 

good effort the Daily Fail. and lol-lol.

 

Well it's nice to keep up with the latest developments. Lloyds TSB might have been a giveaway. 

On a more serious note, KFC are now running low on gravy. 

[VWD]

MOLEY- I THOUGHT IT WAS LOW ON CHOOKS. Some problem in the DHL Rugby plant. Perhaps next we have a  news report of a serious chicken riot in Rugby outskirts.

[moley]

They ran out of chickens last week this is the gravy crisis:

http://www.bbc.co.uk/news/business-43226105

KFC faces gravy shortage as distribution problems continue

 

[lol-lol]

LloydsTSB  bank announced a thousands job loses in early Feb, it was in the local paper here and at the other LloydsTSB centres and then the 3 year LLoyds strategic plan was released on the 21st of Feb which states their aim of digitising the business.  Below the  1,000 job loss announcement is the Daily Telegraph reading between the lines that this streamlining and digitizing would mean 9,000 job losses ov er this 3 year plan to 2020.     https://www.telegraph.co.uk/business/2017/07/05/lloyds-bank-overhauls-top-team-antonio-horta-osorio-looks-future/   

 

============================================================================

https://www.bristolpost.co.uk/news/business/lloyds-bank-axe-nearly-1000-1171811 

Lloyds Bank to axe nearly 1,000 jobs  -    "This process involved making difficult decisions"    -  09:51, 6 FEB 2018

Lloyds Bank is cutting 930 jobs across various divisions ahead of a three-year plan which could affect people at its Bristol Harbourside offices.  The banking giant's chief executive Antonio Horta-Osorio will announce more details on the three-year strategy on Wednesday, February 21.  Lloyds is the country’s biggest mortgage lender and it has offices on Bristol Harbourside.    It has informed staff job losses will be within commercial banking, the chief information office, community banking, insurance and wealth, and risk.

==========================================================================================

The Portuguese financier has overhauled senior management as the bank starts to put together its new three-year strategy, which will be unveiled in February. It also comes amid lingering City speculation that the chief executive of more than six years will soon relinquish the reins.    “The changes we are announcing are fundamental to prepare the group for the next phase of its transformation under our upcoming strategic plan for the period 2018-2020,” Mr Horta-Osorio said.  The highly anticipated plan is expected to focus the business yet further on digital banking and could lead to more job losses. Lloyds' current strategy calls for 9,000 positions to be cut by the end of this year. (over the length on the plan)

=========================================================================================

[lol-lol]

transformation reported by the Sun......   https://www.thesun.co.uk/money/5690083/greggs-to-cut-hundreds-of-jobs-as-sausage-roll-and-doughnut-production-taken-over-by-robots/

Work is changing.....

======================================================================================================================

Greggs to cut hundreds of jobs as sausage roll and doughnut production taken over by ROBOTS

Robots will now be producing Greggs sausage rolls and doughnuts By William Calvert    28th February 2018

 

The Daily Mail has reported that the job losses come as part of an overhaul of the high street chains food manufacturing sites.     

Toy giant Toys R Us are also facing laying off 3200 staff as the company could be administration next week.

Tesco are looking to simplify the way their customer service works by cutting 1,700 jobs.

Other supermarkets are struggling as well.

Asda is cutting hundreds of jobs from it's head offices in Leeds in a bid to stay competitive.

==========================================================================

 

Some good news for jobs coming up for German discount chain Aldi and Lidl and there is 5,000 new jobs need in Border Force and Customs and my area of International Logistics thanks to BREXIT also!     Every cloud (or storm)......

 

Edited 1 March, 2018 by lol-lol

[CWARD]

Those damn Brexiteer robots

[gadgetman]

On 28/02/2018 at 11:13, Macdemon said:

Soon there will be nothing left on the high street 

A big problem is greedy landlords coupled with stores buying/renting massive stores. 

 

Just look at some of the big players and how spaced out the store layout is. Most M&S, Debenhams etc could get away with at least 1/3 less floor space. 

 

You then have councils jacking up parking prices to plug their budgets. 

 

Small start ups and independents just can't compete without being well out if main footfall areas. 

 

They also don't have the buying power to get the same discounts. Even big players all have different discounts on the same stuff when they buy millions. 

 

Finally there's business rates which aren't tiered anymore so the little folk can't possibly keep their heads above water for long. 

 

 

The only thing left in 5-10 years time will be gig shopping centres and out of town retail parks as independents go under and big players cut back their portfolio - as restaurant chains are currently doing. 

 

Should we just bite the bullet now and turn the town centres into posh flats? 

[Aspman]

Until the online guys start paying the equivalent taxes (rates etc) physical shops will have no chance to compete.

 

But do we all want to go back to paying much more to have this?

[gadgetman]

4 hours ago, Aspman said:

Until the online guys start paying the equivalent taxes (rates etc) physical shops will have no chance to compete.

 

But do we all want to go back to paying much more to have this?

 

With same day delivery in most areas now with Amazon, the high Street as we know it can't last much longer. 

[@Lee]

On 2/28/2018 at 15:03, Macdemon said:

 

Better than being robbed and lied to by a selfless dictatorship.

 

Brexit is the BEST thing that has happened to this country since we became part of that stagnant, oppressive, inefficient dinosaur that calls itself the EU.

That is the biggest load of ill-informed nonsense I've read in a long time. I normally see those comments on Facebook in right wing groups full of other ill-informed idiots.
You cannot back up with proof either of those statements. I on the other hand can back up with proof that what you've said is nonsense.

[@Lee]

On 2/28/2018 at 11:39, CWARD said:

 

 

 

Some idiots would like to make political capital out of their situation but it’s a simply failure to evolve. 

Well, the CEO of Maplins blames Brexit. 
 

Quote

CEO Graham Harris blamed "macro factors" including the collapse in the value of the pound post-Brexit vote, which has dented consumer confidence.

http://uk.businessinsider.com/toys-r-us-maplin-administration-jobs-at-risk-ceo-blames-brexit-2018-2
 

[gadgetman]

Let's try to keep anything longwinded about brexit in the brexit thread. 

 

But suffice to say it is having an impact given how much sold is imported. Even non EU stuff may be imported via an EU wholesaler. Typically the Netherlands or Germany 

[Macdemon]

1 hour ago, Lee01 said:

That is the biggest load of ill-informed nonsense I've read in a long time. I normally see those comments on Facebook in right wing groups full of other ill-informed idiots.
You cannot back up with proof either of those statements. I on the other hand can back up with proof that what you've said is nonsense.

 

Answer me this then.......  "Why has the EU not submitted ANY accurate financial accounts in over 20 years???"

Because they are inherently corrupt,

 

Earlier this week, the federalist caricature and European Parliament co-ordinator, Guy Verhofstadt, informed journalists of the EU’s plans to ‘inundate Britain with harmful laws during any Transition Period’. Without a single voice in any of the institutions between the end of our EU membership in March 2019 and the agreed end of the ‘Transition Period’ on 31st December 2020, we would have no choice but to sit idly by whilst crazed bureaucrats implement an array of hare-brained and dangerous laws onto our statute book.

 

This is further proof of why the United Kingdom must make a clean break from the EU on March 29th next year.

 

Are you that Naive to believe that we are better off in the EU???

 

Edited 2 March, 2018 by Macdemon

[@Lee]

2 minutes ago, Macdemon said:

 

Answer me this then.......  "Why has the EU not submitted ANY financial accounts in over 20 years???"

Because they are inherently corrupt,

 

Are you that Naive to believe that we are better off in the EU???

 

You've fallen at the first hurdle.......... Try another one.
 

Claim: The European Union is so corrupt that the European Court of Auditors has not signed off its accounts for 20 years.

Reality Check verdict: The Court of Auditors has signed the EU accounts every year since 2007, while pointing out that EU countries, once they receive the EU funds, misuse about 4.4% of the total budget.
http://www.bbc.co.uk/news/uk-politics-eu-referendum-36276175