In a high profile exit, Spotify’s Barry McCarthy has announced that he will no longer continue his role as CFO of the streaming giant by January 2020.
Mothercare has entered administration, closing all UK stores, with its consequences potentially affecting Mamas & Papas. Mothercare previously issued profit warnings and had entered a Company Voluntary Arrangement in June 2018 to reduce rental payments for their store leases after suffering financial difficulties.
British supermarket chain Morrisons has appealed its case to the Supreme Court to try and overturn a ruling that found the supermarket giant vicariously liable for a data breach, after an aggrieved employee released staff’s personal data online and to newspapers.
One of the UK’s largest supermarkets, Tesco, has come under fire over the last 5 years as 5,000 claimants bring equal pay claims against the supermarket. These claims may result in £2.5 billion of backpay, with each claimant potentially receiving £10,000. Tesco is not the only supermarket facing backlash against pay discrimination; Asda, Morrisons, Sainsbury and Co-op are all battling ongoing cases.