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Business

Business

Fever-Tree to raise prices as high glass costs take a slice off profits

Fever-Tree, the upmarket tonic maker, has revealed plans to raise prices as it continues to grapple a surge in costs. The company, which had...

by admin March 22, 2023
Fever-Tree to raise prices as high glass costs take a slice off profits
Business

Tesco Clubcard changes: Supermarket to cut value of rewards scheme

Tesco is cutting the value of its Clubcard rewards scheme, with customers no longer able to get triple their value when they cash them...

by admin March 21, 2023
Tesco Clubcard changes: Supermarket to cut value of rewards scheme
Business

Just Eat to axe around 1,700 delivery worker jobs

Delivery giant Just Eat has announced it is to axe 1,700 jobs as it ceases to employ its delivery riders and drivers. Instead it...

by admin March 21, 2023
Just Eat to axe around 1,700 delivery worker jobs
Business

Manchester United sale: Eight bids could be made as Wednesday deadline looms

As many as eight bids could be made for Manchester United before Wednesday’s deadline for second offers, it is understood. The Glazer family will...

by admin March 21, 2023
Manchester United sale: Eight bids could be made as Wednesday deadline looms
Business

RMT union members at Network Rail vote to accept new pay offer

RMT union members at Network Rail have voted to accept a revised pay offer – ending a long-running dispute over jobs, pay and conditions....

by admin March 20, 2023
RMT union members at Network Rail vote to accept new pay offer
Business

Amazon to cut 9,000 jobs in its cloud services, advertising and Twitch units

Amazon has announced it will cut another 9,000 jobs in the next few weeks. The reductions will be made to the company’s cloud services,...

by admin March 20, 2023
Amazon to cut 9,000 jobs in its cloud services, advertising and Twitch units
Business

UBS takeover of Credit Suisse: Embattled bank’s chairman describes ‘historic, sad and very challenging’ day

UBS will take over Credit Suisse in a deal aimed at stemming what was fast becoming a global crisis of confidence. Credit Suisse, the...

by admin March 20, 2023
UBS takeover of Credit Suisse: Embattled bank's chairman describes 'historic, sad and very challenging' day
Business

UBS takeover of Credit Suisse: Embattled bank’s chairman describes ‘historic, sad and very challenging’ day

UBS will take over Credit Suisse in a deal aimed at stemming what was fast becoming a global crisis of confidence. Credit Suisse, the...

by admin March 19, 2023
UBS takeover of Credit Suisse: Embattled bank's chairman describes 'historic, sad and very challenging' day
Business

Virgin Orbit plans for insolvency amid rescue talks with investors

Virgin Orbit has begun drawing up detailed contingency plans for its insolvency days after halting its operations and furloughing its workforce. Sky News has...

by admin March 19, 2023
Virgin Orbit plans for insolvency amid rescue talks with investors
Business

John Lewis may end 100% staff ownership to raise investment for ‘transformation’ as job losses loom

The retail giant John Lewis may dilute its 100% employee ownership to raise fresh investment. The change to the partnership model would signal a...

by admin March 19, 2023
John Lewis may end 100% staff ownership to raise investment for 'transformation' as job losses loom
Business

Swiss govt to hold news conference after reports of UBS agreeing to buy Credit Suisse

The Swiss government is to hold a news conference after reports of UBS agreeing to buy the embattled Credit Suisse for more than $2bn....

by admin March 19, 2023
Swiss govt to hold news conference after reports of UBS agreeing to buy Credit Suisse
Business

John Lewis may end 100% staff ownership to raise investment for ‘transformation’ as job losses loom

The retail giant John Lewis may dilute its 100% employee ownership to raise fresh investment. The change to the partnership model would signal a...

by admin March 19, 2023
John Lewis may end 100% staff ownership to raise investment for 'transformation' as job losses loom
Business

UK regulators back merger of banking giants Credit Suisse and UBS

British banking watchdogs have given their blessing to a takeover of Credit Suisse by its Swiss peer UBS, as financial regulators around the world...

by admin March 19, 2023
UK regulators back merger of banking giants Credit Suisse and UBS
Business

Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue

The British arm of Silicon Valley Bank (SVB UK) has handed out millions of pounds in employee bonuses just days after its insolvency was...

by admin March 18, 2023
Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue
Business

Markets still uncertain after SVB and Credit Suisse shocks

A tumultuous week in the markets ended on an uncertain note – suggesting fears remain after large losses from the collapse of Silicon Valley...

by admin March 17, 2023
Markets still uncertain after SVB and Credit Suisse shocks
Business

Royal Mail referred to regulator over ‘systemic letter delivery failures’

Royal Mail has been referred to the industry regulator by a committee of MPs which has accused the company of failing in its duty...

by admin March 17, 2023
Royal Mail referred to regulator over 'systemic letter delivery failures'
Business

Natural History Museum named UK’s most visited indoor attraction for second year running

The Natural History Museum was the most visited indoor attraction in the UK for a second consecutive year, new figures show. The London museum...

by admin March 17, 2023
Natural History Museum named UK's most visited indoor attraction for second year running
Business

Manchester United takeover: Sheikh Jassim expected to make a second bid for club within 10 days

Sheikh Jassim bin Hamad al Thani will make a second bid for Manchester United within 10 days after his representatives visited the Premier League...

by admin March 17, 2023
Manchester United takeover: Sheikh Jassim expected to make a second bid for club within 10 days
Business

Group of major US banks ride to $30bn rescue of troubled First Republic

A group of 11 major banks have clubbed together to provide $30bn (£24.7bn) of cash in an attempt to end a crisis of confidence...

by admin March 16, 2023
Group of major US banks ride to bn rescue of troubled First Republic
Business

TikTok banned from UK government phones

TikTok will be banned from UK government phones amid security concerns around the Chinese-owned video app, Cabinet Office minister Oliver Dowden has announced. In...

by admin March 16, 2023
TikTok banned from UK government phones
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