298 days ago
The proposed RTO with Cannary Limited never made sense. Cannary – as fronted on nauseating TV ads with Claudia Winkleman – had a horrible balance sheet with huge liabilities and is burning cash. Cellular Goods (CBX) has cash ( £4.37 million at August 31) but spunked it at £500,000 a month last year. So this proposed deal was like two drunks propping each other up. But now the transaction announced on 26 September is OFF. What next?
1174 days ago
The news on jobs was bad on September 15 2020. Since the start of the Government’s fascistic reaction to Covid, 700,000 folks had disappeared from company payrolls. More, who are self employed, are now without work. As Furlough draws to a close, we all know that hundreds of thousands of other workers will be handed a P45. Meanwhile, wage rates in most industries seem to be falling as companies look to cut costs wherever they can as they battle to survive. But on this grim day, there was evidence that some are more equal than others.
