5 Things You Need To Know, Today, on Tuesday 9th May 2023
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5 Things You Need To Know, Today, on Tuesday 9th May 2023
5. The boss of the Royal Mail is expected to step down within weeks following a difficult two years in charge.
Talks around Simon Thompson's exit are in the advanced stage, after he was accused of misleading MPs when he denied the firm tracked workers' productivity.
4. LinkedIn has become the latest tech firm to axe jobs, closing 716 roles out of a 20,000 workforce.
The social media network which focuses on business professionals will also phase out its local jobs app in China.
3. Businesses are being urged to limit the amount of alcohol served at work social events in order to prevent people from acting inappropriately towards others.
The warning from the Chartered Management Institute (CMI) comes as it releases a new poll, suggesting a third of managers have seen harassment or inappropriate behaviour at parties. Women were more likely than men to say they had witnessed this behaviour.
2. A deposit-free mortgage specifically aimed at people currently renting has been launched by a Skipton Building Society.
While a handful of other no-deposit deals are available, they all need the financial backing of family or friends.
1. British retail sales growth held steady in April but high inflation meant shoppers were getting less for their money, and unsettled weather discouraged many from buying summer clothes.
The British Retail Consortium said spending at its members' stores increased 5.1% in annual terms last month, the same as in March and well above the 0.3% fall a year ago. The figures are not adjusted for inflation, so the rise in sales masked a large drop in volumes.
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