Lancewood owner Libstar rallies after solid update
Lancewood cheeses are part of Libstar, along with brands like Denny, Khoisan Tea, Goldcrest, Cook 'n Bake and Cape Herb & Spice.
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Yahoo
2 hours ago
- Yahoo
300 jobs at risk as London-based firm moves Scottish Power contract to South Africa
MORE than 300 people are at risk of being made redundant after an outsourcing firm that handles customer support for Scottish Power unveiled plans to transfer operations to South Africa. The outsourcing firm Capita confirmed that all its staff working on their contract with Scottish Power in the UK have been placed at risk of redundancy, STV News has reported. Around 303 roles are at risk, with workers in home move, prepayment, and smart metering services, and domestic customer services among those affected. Scottish Power has its headquarters in Glasgow, with centres across Scotland and in England. READ MORE: 100 jobs at 'immediate risk' of redundancy at major Scottish road maintenance firm The London-based firm has provided customer support for Scottish Power since signing a five-year deal in 2022 worth a reported £63 million. Five work packages will still be delivered over the next three years, but operations will transition to South Africa, a memo seen by STV News reportedly said. Meanwhile, work on two packages still to be delivered will also be transitioned to South Africa, but through another outsourcing firm. It has been reported that some staff will be let go in October, while others may be made redundant in February next year. The announcement was made to staff on Wednesday, along with at-risk letters issued on the same day. A minimum 45-day collective consultation period will begin on Thursday. Capita previously provided customer support services for Scottish Power between 2005 and 2016. A Capita spokesperson said: 'Changes to our delivery model unfortunately mean that all colleagues working on our Scottish Power contract in the UK have been placed at risk of redundancy. 'Our priority is to support impacted colleagues through this change, and includes looking at redeployment opportunities where possible.' Scottish Power has been approached for comment.
Forbes
2 hours ago
- Forbes
Succession Planning: Joint CEOs At World's Second-Biggest Airport Retailer
Frédéric Chevalier: 'Our direction is clear: to continue creating value for our partners, and ... More memorable retail and dining experiences for travelers.' France's Lagardère Travel Retail (LTR), the world's second biggest airport retailer after Avolta, is creating a joint-CEO leadership structure. Effective, July 1, the current deputy CEO will step up to run the organization alongside existing long-time leader Dag Rasmussen, signalling a succession process and his possible departure or shift to full-time chairmanship of the retailer. The move has come on the recommendation of Rasmussen—almost 14 years at the helm—and Arnaud Lagardère, the chairman and CEO of the almost $10 billion turnover (€8.9 billion*) media-to-retail Lagardère Group whose ultimate parent is Louis Hachette Group, which has a stake of just over 66%. LTR is the bigger of two divisions by turnover at Lagardère Group, contributing revenue of $6.3 billion versus $3.1 billion from Lagardère Publishing (FY2024 data). However, in terms of operating performance the latter business does better, delivering almost 60% of Lagardère Group's Ebitda, the rest coming from LTR. This year LTR has seen major developments in South America and South Africa, and keeping control of further expansion will be a priority. In his new role, Chevalier will be responsible for overseeing worldwide operations in 51 countries, with the company's executive committee reporting directly to him. He has been with LTR for almost 20 years, joining in 2006 as vice president of strategy and development, and has been consistently promoted upwards since then. According to Arnaud Lagardère, Chevalier was 'a key architect' of the structural integration of the company's three business lines—travel essentials, duty-free and fashion, and dining—considered to be vital in implementing LTR's long-term strategy, and in winning new business. LTR's chairman and CEO, Rasmussen, said in a statement: 'Frédéric's in-depth knowledge of our business and his strong leadership make him uniquely qualified to lead the next phase of our journey. He embodies our commitment to operational excellence and to our founding principles. I know that in his new role he will drive our strategy with clarity, ambition and a deep sense of responsibility toward our teams, our partners, and our shareholders.' Dag Inge Rasmussen: 'Frédéric's in-depth knowledge of our business and his strong leadership make ... More him uniquely qualified to lead the next phase of our journey.' (Photo by Christophe Morin/IP3/Getty Images) Chevalier, commented: 'While staying consistent in our strategy, we must remain agile, responsive and willing to adapt to change. Our direction is clear: to continue creating value for our partners, and memorable retail and dining experiences for travelers.' This year at LTR, operations and frontline staff will see renewed focus. Earlier in June, LTR decided to accelerate its digital plans with the international roll-out of TeamUp, an all-in-one app designed to enhance operational activity and facilitate communication between frontline teams. Developed in partnership with Yoobic, founded in 2014 by three brothers, Fabrice, Avi and Gilles Haïat, the TeamUp solution was initially rolled out in Switzerland and has now been introduced to LTR's teams in Britain, Belgium, Italy and North America, connecting more than 2,800 employees. Charlotte Delmas, LTR's chief operational performance officer and regional COO for Europe, said: 'TeamUp gives our field staff a voice, connects them to the business, and helps them execute better every day. By modernizing and digitizing communication with our store teams, we make working at Lagardère Travel Retail more attractive and engaging—essential in today's challenging recruitment landscape.' The joint-CEO decision indicates an extended handover, with Rasmussen possibly stepping down in the coming months. LTR did not comment on this when asked, or say whether a new deputy CEO would be appointed. It might also be a question of the resources needed, both to drive forward business development and beef up operations, and also increase profitability. Over the past decade, LTR's revenue has almost tripled, though some of this has been through acquisition. Meanwhile, Ebit as a percentage of revenue has gone from 2.9% in 2015 to 5.2% in 2024. While moving in the right direction, this is below Avolta's EBIT margin of approximately 6.7% last year. In the last year, LTR has strengthened its regional footprints; in Europe alone it has won or retained key contracts in Frankfurt, Hamburg, Belfast, and Nice, and was selected as a joint venture partner to operate duty-free at Amsterdam's Schiphol Airport, with departing in April. This momentum, the company says, reflects the strength of the company's development strategy and effective operational execution—and it looks like its succession process will ensure this continues. One of Lagardère Travel Retail's most recent openings was in Lima Airport, Peru.
News24
3 hours ago
- News24
Airlink set to finalise lease agreement for 10 new aircraft
Regional airline Airlink has 68 Embraer aircraft as part of its fleet. Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, and empowerment. You can only trial once. Start your FREE trial now Show Comments ()
