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Staff at Asda office in Leicestershire told of potential job losses

200 jobs could go from Asda Credit: Sean Dempsey/PA Wire/Press Association Images

Staff at an Asda office in Leicestershire have been briefed by the company on a five-year plan which could see the loss of 200 jobs.

The company’s clothing arm, George, is based in Lutterworth, and staff there, as well as at the head office in Leeds, have been told of the plans to tackle the increasing competition from rivals and discounting stores.

An Asda spokeswoman said:

In the spirit of openness, we've let our colleagues know that we will be having some more detailed discussions with them this week about a new structure.

The company have not commented on details of the redundancy plan, which will not impact on shop-floor staff.

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Anglia

Solway Foods confirms closure of Corby factory with the loss of 900 jobs

Solway Foods in Corby is to close with the lost of 900 jobs Credit: ITV Anglia

A food processing plant in Corby is to close in the summer with the loss of 900 jobs.

Although 500 job losses had already been threatened at Solway Foods, discussions had been continuing to try to save the factory.

Solway Foods is the town's second largest employer, but the company says the factory, which opened in 1988, is no longer viable.

Tesco: £60m new Wolverhampton store WILL be built

A new £60 million Tesco superstore in the centre of Wolverhampton will go ahead as planned - but not until next year, it has been claimed.

Development work at the former Royal Hospital site began last year, but was halted last month when the supermarket giant put the project under review.

Tesco has owned the prime spot since 2001.

Tesco confirmed in a meeting today that it would be going ahead with the new store in Wolverhampton
Tesco confirmed in a meeting today that it would be going ahead with the new store in Wolverhampton Credit: Rui Vieira/PA

Wolverhampton South East MP, Pat McFadden, met with the firm's UK managing director Chris Bush today. He said Mr Bush had confirmed the company was still planning to go ahead with the new store, which is expected to create more than 500 new jobs.

He welcomed the news today.

All the way through I have told the company that the city wants the jobs, the investment and the regeneration this development will bring.

I wish this was happening sooner because the Royal Hospital site has been left undeveloped for far too long but, having reviewed the project, the company has said they will not walk away and have given a commitment that this will go ahead next year.

Tesco has owned this site for a very long time and I believe the company has a responsibility to the people of the city.

I stressed to the company how important it was that they stick to their word and go ahead with the project - and I am pleased that they said that is what they will do.

National

Next profits 'expected to overtake Marks & Spencer'

The retailer Next is expected overtake High Street staple Marks & Spencer when it publishes its annual profits later today.

Read: Tonight: Christmas Shopping Wars

Next
Next's total sales between November 1 and Christmas Eve increased 11.9% last year. Credit: PA

Next, led by chief executive Lord Wolfson, increased its forecast for annual profits in January after enjoying a bumper Christmas.

Annual profits for Next were expected to range from £684m to £700m, according to Lord Wolfson, who made the prediction during the festive trading period.

M&S will release their fourth quarter figures in the first half of next month, and are forecast to make a pre-tax profit of £626m.

Read: Marks & Spencer clothing slump

Hereford United face administration

Hereford United release financial details at club's agm Credit: Hereford United

Hereford United may be put into administration as the true extent of the club's financial troubles was revealed at an AGM tonight.

The Chairman told the meeting "significant investment" is need to secure the future of the club.

"As a result the club has a severe cash flow crisis that has resulted in employees going without payment on occasions between November and the present day."

He also admitted that the club was failing to pay taxes to HMRC every month.

The club has been looking into the option of playing part-time football to cut costs from next season when budgets for players are expected to fall below £250,000 from £440,000.

Hereford United are expected to make annual losses in the region of £400,000 by the end of the financial year in May.

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More than 600 apply for just 50 new jobs at Waitrose

More than 600 people have applied for just 50 jobs at a new Waitrose store in Staffordshire.

The new Leek branch is due to open in May - and a total of 606 applications had been lodged by the time the deadline passed this week.

A Waitrose store will open in Leek in May
A Waitrose store will open in Leek in May Credit: Nick Ansell/PA

The 50 new employees will add to the 65 taken on who previously worked at the Co-op store, which was taken over by Waitrose in November last year.

BCC: We must 'press forward' with Curzon HS2 project

Greater Birmingham representatives are in Cannes in France today to unveil the Birmingham Curzon HS2 plan to global investors and developers at MIPIM, the world's biggest real estate show.

The City Council today said it needs to 'press forward with this project without delay', referring to the Curzon HS2 plans.

Today at MIPIM we set out our vision for how Birmingham can use HS2 as a catalyst to transform a huge part of our city, bringing with it jobs and prosperity for people in the West Midlands.

We're not waiting around for HS2 to get built before we get started. We're announcing our plans today, and we're ready to start building as soon as the new railway gets the green light.

Up and down the length of HS2 there is huge potential for major regeneration and development and we must press forward with this project without delay.

– Sir Albert Bore, Leader of Birmingham Council

The HS2 Curzon plans include the creation of 14,000 jobs and 2,000 new homes.

Birmingham Curzon HS2 plan unveiled to overseas investors and developers

Representatives from Greater Birmingham have travelled to Cannes in France to unveil the Birmingham Curzon HS2 plan to global investors and developers.

The proposals for Birmingham Curzon Credit: Birmingham City Council

The plans for the Birmingham Curzon Street station were unveiled locally last month and include the creation of 14,000 jobs and 2,000 new homes.

What Birmingham Curzon could look like Credit: Birmingham City Council

Nottingham tram works: payouts possible for businesses affected

Work to improve the tram service in Nottingham is taking place across the city
Work to improve the tram service in Nottingham is taking place across the city Credit: Lewis Stickley/PA Archive/Press Association Images

More businesses could be in line for payouts to help soften the impact on trade from tram works in Nottingham.

Nottinghamshire County Council is discussing widening the scope of financial packages available to firms who have suffered disruption caused by construction of the new lines.

A decision is expected in the next few days.

Find out exactly when and where the tram works are taking place here.

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