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A POPULAR Scots fashion chain founded nearly 200 years ago plunged into administration owing £46 million. Hundreds of suppliers now face losing tens of millions of pounds after the collapse of Paisley-founded retailer M&Co, which wiped out 1,800 jobs. Hundreds of suppliers now face losing tens of millions of pounds M&Co first collapsed during the Covid pandemic and again in December 2022 Credit: ALAMY More than 600 unsecured creditors of the historic brand – established back in 1834 as a pawnbroker before family owners Len and Ian McGeoch relaunched it as Mackays in 1953 – could lose more than £33 million. It comes as the case moved from administration to dissolution in June, with administrator reports laying bare the steps leading to the firm’s collapse. Sign up for Scottish Sun newsletter Thank you! Adele Macleod, Gavin Park and Robert Harding were brought in as joint administrators when the troubled chain crashed into administration for a second time in December 2022. The firm first collapsed during the Covid pandemic, losing...

More people than ever are working from home, a change precipitated by the pandemic. Today, an estimated 41 per cent of workers in Great Britain tune into calls from home at least some of the time, a staggering 23.2 million people compared with 1.5 million people 10 years ago. This includes 13 per cent who work exclusively from home, and 28 per cent who follow a hybrid model. While some major companies have pushed for the five-day return to the office – to the dissatisfaction or even resignation of some workers – most workplaces have retained some degree of flexibility, with Fridays at home being one of the most common post-pandemic practices. Although most companies have accepted that some form of remote work is now a permanent fixture of the work landscape, it doesn’t stop managers harbouring mistrust over exactly what happens when their team takes their laptops home. Shorts Scroll to previous short Scroll to next short Do some foods leaveyou feeling hungry...

Nigerian companies including LemFi, Kuda, Moniepoint and Fidelity Bank expand UK operations. Major boost to North West economy as Zenith Bank opens new Manchester branch. Twinings Ovaltine opens £24 million Lagos manufacturing facility, ahead of historic Nigerian State Visit this week. Hundreds of new jobs are set to be created across the UK as Nigerian banks, fintech innovators and creative industry businesses scale up their operations in Britain. The move will see millions invested into the UK economy and reinforces the UK’s position as a leading global business hub, backed by world‑class talent, strong access to capital, and a stable regulatory environment - while showcasing Nigeria’s expanding role as a key source of innovation and investment into the UK. It comes as the President of the Federal Republic of Nigeria, Mr. Bola Ahmed Tinubu, accompanied by the First Lady, Mrs. Oluremi Tinubu, are set to commence an historic State Visit on Wednesday, strengthening the UK’s position as a global hub for...

-ENDS-Contact:KPMGSteven Reilly-HiiMedia Relations ManagerT: +44 (0)7510 376635steven.reilly-hii@kpmg.co.ukRECHamant VermaCommunications ManagerT: +44 (0)20 7009 2129hamant.verma@rec.uk.comS&P GlobalAnnabel FiddesEconomics Associate DirectorS&P Global Market IntelligenceT: +44 (0)1491 461 010annabel.fiddes@spglobal.comHannah BrookEMEA Communications ManagerS&P Global Market IntelligenceT: +44-7483-439-812hannah.brook@spglobal.compress.mi@spglobal.com MethodologyThe KPMG and REC, UK Report on Jobs is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 UK recruitment and employment consultancies. Survey responses are collected in the second half of each month and indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The indices are then seasonally adjusted.Underlying survey data are not revised after publication, but seasonal adjustment factors may be revised from time to time as appropriate...

Max Mosley wrote for LBC about the UK’s latest employment statistics.  “The headline offers a rare sliver of good news. Unemployment, which has been growing faster than forecasters’ predictions, surprisingly fell a little to 4.9 per cent — a sign that workers entered this crisis in a stronger position than feared. But beneath that number, the picture is more troubling. Well before Trump’s first strikes on Iran, our labour market was already ​“cooling” – a word economists use to describe slower hiring, fewer job vacancies, lower worker turnover and lower wage growth. A cooling jobs market – especially ahead of an economic shock – is bad news for living standards.” Read the full article. Source link...

Nearly half (47%) of UK job seekers have had an AI interview, research from the hiring platform Greenhouse has found.In its survey of 2,950 active job seekers, including 1,132 UK-based workers, with additional respondents from the US, Germany, Australia and Ireland, it found that 30% of UK candidates had walked away from a hiring process because it included an AI interview.We asked people about their experiences of AI interviews. The responses included those who found it “awkward” and “humiliating”. Others spoke of wanting a human element in the interviews, and said they were not sure if their interview had even been reviewed.Here are some of the responses.‘It’s like you’re looking into a mirror and speaking to yourself’Thomas*, 21, who is at university in the north of England, says he found the AI interview component of his job applications “frustrating”.He has applied for 15 jobs, and around 10 of them have involved AI interviews. In addition to these, they often have...

-ENDS-Contact:KPMGClaire BarrattDeputy Head of Media RelationsT: +44 (0)7923 439264claire.barratt@kpmg.co.uk RECHamant VermaCommunications ManagerT: +44 (0)20 7009 2129hamant.verma@rec.uk.comS&P GlobalAnnabel FiddesEconomics Associate DirectorS&P Global Market IntelligenceT: +44 (0)1491 461 010annabel.fiddes@spglobal.comHannah BrookEMEA Communications ManagerS&P Global Market IntelligenceT: +44-7483-439-812hannah.brook@spglobal.compress.mi@spglobal.com MethodologyThe KPMG and REC, UK Report on Jobs is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 UK recruitment and employment consultancies. Survey responses are collected in the second half of each month and indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The indices are then seasonally adjusted.Underlying survey data are not revised after publication, but seasonal adjustment factors may be revised from time to time...

Westfield White City is the biggest shopping mall in the UK and it is no stranger to crowds of young people parading through its halls. But instead of swarming the retail shops for the latest exclusive fashion drop, the hundreds of people in attendance this weekend are in search of something even more sought after and rarefied: a job.The London job show is the capital’s biggest career event. It is held every year and hosts a range of employers from the Metropolitan police to car valet services. This year, the event is particularly relevant as unemployment levels have soared, with young people bearing the brunt of the crisis.Demi Trowsdale, 24, has a degree in neuroscience and psychology. She has been unemployed for four months and estimates that she has sent off 170 applications online. Her aim is to work in healthcare but after being unsuccessful in applying for jobs in the sector, she has “widened the pool” of potential employment.“It...

Over the past two decades, ageing populations, rising retirement ages and higher education levels have contributed to rising employment rates among workers aged 55 and over across OECD countries. Yet many workplaces are still designed around shorter careers, leading many people to leave work earlier than they need or want to. This deepens the demographic pressures facing ageing societies, including labor shortages, as early exits reduce the number of employees and inflate public welfare and healthcare costs. The OECD argues that employers play a decisive role in enabling longer working lives through hiring practices, access to training, job quality and workplace conditions. To help organizations assess and improve their approach, the OECD recently launched a Longevity Readiness Tool, which benchmarks policies and practices across sectors and countries to identify where action is most needed.The data reveals wide differences in how countries support older workers. In hiring, the United Kingdom ranked highest in Europe in 2023, with people aged 50 and...

The Nigerian experience is physical, emotional, and sometimes international. No one knows it better than our features on #TheAbroadLife, a series where we detail and explore Nigerian experiences while living abroad.  Mike (43) moved to the UK for a master’s degree when he became disillusioned with life in Nigeria. In this story, he shares the struggle of being a mature student in data science, and how a Christmas holiday in the UK turned into a permanent relocation for his family after he secretly applied for jobs on his wife’s behalf. This model is AI-generated and not affiliated with the story in any way Where do you live currently, and when did you leave Nigeria? I currently live in Kent, United Kingdom, and I left Nigeria just after the pandemic in January 2021. Was that your first time leaving the country? No, I have travelled out of the country several times. My spouse and I go on vacation almost every year, but that was the first time...