‘Phantom hours’ costing UK businesses £37m a week

A survey of shift workers in the retail, hospitality and leisure industries has found staff to be overstating their working hours by an average of almost half an hour a week. Staff rota scheduling firm Rotaready, which conducted the survey, said these ‘phantom hours’ are costing UK businesses as much…

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Hallmarking figures drop 9.3% in June

Hallmarking fell by an average of 9.3% in June 2018 compared with the same period the previous year, according to the latest figures from the four UK assay offices and compiled by the Birmingham Assay Office. The average volume of all precious metals apart from platinum fell this month, with…

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Raymond Weil awards ‘International Artist’ to The Script

Swiss watchmaking company Raymond Weil has given the International Artist Award to Irish rock band The Script at the O2 Silver Clef Luncheon. Craig Leach, Raymond Weil’s UK brand director, gave the award to The Script during the 43rd luncheon held on the 6 July at the Grosvenor House Hotel.…

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Daniel Wellington launches first regional store outside London

Independent financial consulting company St David’s Partnership has launched Daniel Wellington’s first standalone UK store outside of London. The new 430 sq ft store in located at St David’s, Cardiff and it offers an assortment of the brand’s classic accessories including classic cuffs and interchangeable watch straps in NATO, mesh…

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Victoria McKay to step down from London Diamond Bourse

Victoria McKay has given notice that she is stepping down as chief operating officer of London Diamond Bourse (LDB), after six years in the position. Bourse president Alan Cohen credited McKay with playing a key role in positioning the LDB as a progressive bourse worldwide transforming the “inwardly focused private…

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Footfall dips for seventh consecutive month

Retail footfall dipped for a seventh consecutive month in June, despite the boost in spending brought on by the World Cup. BRC’s Footfall Springboard and Vacancies Monitor reported that year-on-year footfall for the month dropped by 0.9%  The high street was the only area that delivered footfall growth, albeit marginally,…

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Bumper June footfall sees record increase of 11.4%

UK retailers benefited from record month-on-month growth in footfall for June, with a 11.4% increase in high street traffic compared with May. Compared with the same period last year, footfall was 7.8% lower, but June did deliver a reduction in the year-on-year deficit for the fourth successive month, data from…

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WFDB announces Peter Meeus to head World Diamond Mark

The World Federation of Diamond Bourses (WFDB) has announced that former Dubai Diamond Exchange (DDE) president Peter Meeus will take over as head of its World Diamond Mark (WDM) programme. The World Diamond Mark is a non-for-profit organisation incorporated in Hong Kong, established in 2012 by the World Federation of…

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Long queues ‘costing retailers £12bn’

Long queues have been named the biggest turn-off for UK shoppers and could be costing retailers up to £12bn a year in potential sales losses. According to research released by payments platform Adyen, paired with 451 Research’s ‘Global Unified Commerce Forecast’, British retailers are struggling to keep up with increasing…

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Police launch appeal for ‘large scale’ theft at Newey’s Jewellers

West Midland Police are appealing for information following a large scale theft in Vyse Street in the Jewellery Quarter, Birmingham, which occurred just after midday on 4 July. According to reports three men jumped out of a black Mazda CX-5 car on the road and approached a man who was…

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