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Business

Business

Bankers bonuses: NatWest reveals profits to £5.1bn last year and chief executive payment

Profits at 45% state-owned bank NatWest have risen to their highest since the global financial crash. The bank recorded profits of £5.1bn before tax...

by admin February 17, 2023
Bankers bonuses: NatWest reveals profits to £5.1bn last year and chief executive payment
Business

Ambulance and border strikes resume today – after new rail and nurse walkouts announced

Ambulance and Border Force staff are back on strike today as their bitter disputes over pay and working conditions continue. GMB and Unite members...

by admin February 17, 2023
Ambulance and border strikes resume today - after new rail and nurse walkouts announced
Business

Rail workers, nurses and frontline Royal Mail workers to stage fresh strikes

Rail workers and nurses will strike again next month, while frontline Royal Mail workers are also threatening a new wave of strikes. Tens of...

by admin February 16, 2023
Rail workers, nurses and frontline Royal Mail workers to stage fresh strikes
Business

Royal Mail fires warning shot over jobs and pay as union secures new strike mandate

The union representing 112,000 frontline Royal Mail staff is increasingly “gambling with their members’ futures”, a company source has told Sky News as a...

by admin February 16, 2023
Royal Mail fires warning shot over jobs and pay as union secures new strike mandate
Business

Taxpayers’ Bulb bailout cost plunges after Octopus supply deal with government

The cost to taxpayers of rescuing the biggest residential energy supplier to collapse during the recent industry crisis has plunged – a rare glimmer...

by admin February 16, 2023
Taxpayers' Bulb bailout cost plunges after Octopus supply deal with government
Business

RMT union reveals new strike date and overtime ban in national rail dispute

Tens of thousands of RMT members are to strike again, beginning on 16 March, because the union has received “no new offers” from employers...

by admin February 16, 2023
RMT union reveals new strike date and overtime ban in national rail dispute
Business

British Gas owners Centrica report record profits as energy costs soar

Centrica, the company that owns British Gas, has reported record profits for the 2022 financial year. Operating profits of £3.3bn were recorded at the...

by admin February 16, 2023
British Gas owners Centrica report record profits as energy costs soar
Business

Energy regulator reveals end to forced installation of prepayment meters is temporary

Ofgem has revealed that the end of forced installation of controversial energy prepayment meters only extends until the end of March. The watchdog said...

by admin February 15, 2023
Energy regulator reveals end to forced installation of prepayment meters is temporary
Business

Flybe faces permanent grounding after rescue talks with bidders stall

Flybe, the regional airline which collapsed into administration last month, is to be wound down after attempts to find a rescuer for the business...

by admin February 15, 2023
Flybe faces permanent grounding after rescue talks with bidders stall
Business

UK inflation dips slightly to 10.1%

Inflation has eased slightly to 10.1% from 10.5% the previous month as fuel price rises slowed. Decreased transport costs were one of the main...

by admin February 15, 2023
UK inflation dips slightly to 10.1%
Business

Nursery fees ‘to rise by £1,000 this year’ as childcare providers struggle with costs – forcing parents to quit work

The soaring cost of childcare in the UK is revealed in new figures today, suggesting nurseries will raise fees by £1,000 this year. A...

by admin February 15, 2023
Nursery fees 'to rise by £1,000 this year' as childcare providers struggle with costs - forcing parents to quit work
Business

Brexit and the ensuing political turmoil hindered investment in the UK, minister concedes

Brexit and the ensuing political turmoil under the Conservative Party has hindered efforts to attract investment to the UK, a minister has admitted. Work...

by admin February 15, 2023
Brexit and the ensuing political turmoil hindered investment in the UK, minister concedes
Business

Elon Musk donated £1.6bn in Tesla stock to charity last year

Elon Musk donated around $1.95bn (£1.6bn) worth of Tesla stock to charity last year, according to documents filed in the US. The billionaire gifted...

by admin February 15, 2023
Elon Musk donated £1.6bn in Tesla stock to charity last year
Business

Ford job cuts: More than a thousand jobs to go in the UK

Ford has announced 1,300 jobs are being cut from its UK business as part of a Europe-wide overhaul of the carmaker. The majority of...

by admin February 14, 2023
Ford job cuts: More than a thousand jobs to go in the UK
Business

Number of days lost to strike action in 2022 highest since 1989

The number of working days lost to strike action totalled 843,000 in December, bringing the total number of strike days from June to December...

by admin February 14, 2023
Number of days lost to strike action in 2022 highest since 1989
Business

Ford job cuts: More than a thousand jobs to go in the UK

Ford has announced 1,300 jobs are being cut from its UK business as part of a Europe-wide overhaul of the carmaker. The cuts are...

by admin February 14, 2023
Ford job cuts: More than a thousand jobs to go in the UK
Business

Lilt brand scrapped after nearly 50 years – with drink to be renamed

Lilt is being axed after nearly 50 years and will be rebranded as Fanta Pineapple and Grapefruit. The drink is famous for offering a...

by admin February 14, 2023
Lilt brand scrapped after nearly 50 years - with drink to be renamed
Business

Amazon warehouse staff escalate strike action in fight for better pay

A union representing hundreds of workers at an Amazon warehouse has revealed plans for seven more strike days. The GMB union said its members...

by admin February 13, 2023
Amazon warehouse staff escalate strike action in fight for better pay
Business

Heathrow airport back to pre-pandemic passenger numbers

The number of people that passed through the UK’s busiest airport returned to pre-pandemic levels last month. Heathrow reported 5.4 million people travelled through...

by admin February 13, 2023
Heathrow airport back to pre-pandemic passenger numbers
Business

Vue screens financial backers for blockbuster tilt at rival Cineworld

Europe’s biggest privately owned cinema operator has lined up financial backing from its new shareholders to help assemble a takeover tilt at Cineworld, its...

by admin February 13, 2023
Vue screens financial backers for blockbuster tilt at rival Cineworld
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