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Business

Business

Amazon ‘to axe 10,000 workers’ after forecasting weaker growth

Amazon is to let go of approximately 10,000 employees as early this week, it has been reported. The jobs are to be lost in...

by admin November 14, 2022
Amazon 'to axe 10,000 workers' after forecasting weaker growth
Business

Joules and The Garden Trading Company on brink of collapse with 1,600 jobs at risk

The parent firm of fashion retailer Joules and The Garden Trading Company is on the brink of collapse after a failure to secure new...

by admin November 14, 2022
Joules and The Garden Trading Company on brink of collapse with 1,600 jobs at risk
Business

Ashley’s Frasers to seal swoop for Savile Row tailor Gieves & Hawkes

The high street empire founded by Mike Ashley is close to agreeing a deal to buy the stricken Savile Row tailor Gieves & Hawkes....

by admin November 13, 2022
Ashley’s Frasers to seal swoop for Savile Row tailor Gieves & Hawkes
Business

Households paying £94 extra on energy bills because Ofgem ‘too slow to act’

Ofgem’s failure to effectively regulate energy suppliers since 2018 has “come at a considerable cost” to British households, a watchdog report has found. The...

by admin November 13, 2022
Households paying £94 extra on energy bills because Ofgem 'too slow to act'
Business

Sophy Ridge on Sunday: Jeremy Hunt says everyone will have to pay higher taxes – but richest will make larger sacrifices

Jeremy Hunt has said everyone is going to be paying higher taxes but those who earn the most will have to make larger sacrifices....

by admin November 13, 2022
Sophy Ridge on Sunday: Jeremy Hunt says everyone will have to pay higher taxes - but richest will make larger sacrifices
Business

Hunt warns this week’s budget is ‘no time for rabbits’ as he prepares for tough cuts to plug £55bn black hole

Chancellor Jeremy Hunt has warned there will be no rabbits in the upcoming budget, describing himself as “Scrooge who is going to do things...

by admin November 13, 2022
Hunt warns this week's budget is 'no time for rabbits' as he prepares for tough cuts to plug £55bn black hole
Business

Burger chain Byron to be flipped to new owner two years after going bust

Byron, one of the UK’s best-known burger restaurant chains, is to be flipped to a new owner two-and-a-half years after a brush with insolvency....

by admin November 11, 2022
Burger chain Byron to be flipped to new owner two years after going bust
Business

Major crypto exchange FTX begins bankruptcy proceedings in US

FTX, one of the world’s biggest cryptocurrency exchanges, is commencing bankruptcy proceedings in the US. Chief executive officer Sam?Bankman-Fried, the 30-year-old who once graced...

by admin November 11, 2022
Major crypto exchange FTX begins bankruptcy proceedings in US
Business

First step towards recession as economy shrinks, official GDP figures show

The UK economy contracted by 0.2% in the third quarter, early official figures show – prompting the chancellor to warn that the “tough road...

by admin November 11, 2022
First step towards recession as economy shrinks, official GDP figures show
Business

KFC apologises for sending ‘unacceptable’ Kristallnacht message

KFC in Germany has apologised for inviting customers to “treat yourself” on Kristallnacht. The business sent the alert to its mobile app on the...

by admin November 11, 2022
KFC apologises for sending 'unacceptable' Kristallnacht message
Business

Union representing more than 100,000 civil servants vote for strike action over pay, pensions and jobs

A union representing more than 100,000 civil servants has voted to strike in a dispute over pay, pensions and jobs. The Public and Commercial...

by admin November 10, 2022
Union representing more than 100,000 civil servants vote for strike action over pay, pensions and jobs
Business

Train drivers from 12 companies to go on strike again later this month

Train drivers across England have declared a fresh strike in their long-running dispute over pay and conditions. Members of the Aslef union will walk...

by admin November 10, 2022
Train drivers from 12 companies to go on strike again later this month
Business

US inflation figures are lower than Wall Street forecast – but there’s pain ahead for UK

Today’s dramatic US inflation figures raise hopes that the Federal Reserve is winning the fight against the monster. Consumer price inflation in October came...

by admin November 10, 2022
US inflation figures are lower than Wall Street forecast - but there's pain ahead for UK
Business

John Lewis Christmas ad: How the cost of living crisis changed the battle for best festive advert

It might barely be November, but the battle for the best Christmas advert is already in full flow, with John Lewis launching its festive...

by admin November 10, 2022
John Lewis Christmas ad: How the cost of living crisis changed the battle for best festive advert
Business

Mental health epidemic is shrinking UK workforce and fuelling staff shortages

Britain is in the grip of a mental health crisis that is causing workers to drop out of the labour market and fuelling staff...

by admin November 9, 2022
Mental health epidemic is shrinking UK workforce and fuelling staff shortages
Business

Facebook and Instagram owner Meta to lay off more than 11,000 staff

Meta, the owner of Facebook and Instagram, has become the latest big tech player to wield the axe in the tougher global economy, laying...

by admin November 9, 2022
Facebook and Instagram owner Meta to lay off more than 11,000 staff
Business

Elon Musk sells almost $4bn more of Tesla shares after Twitter takeover

Elon Musk has sold Tesla stock worth almost $4bn (£3.46bn) after completing his takeover of Twitter. The founder and chief executive of the electric...

by admin November 9, 2022
Elon Musk sells almost bn more of Tesla shares after Twitter takeover
Business

Made.com collapses but hope for some jobs as Next buys brand

Made.com has entered administration with the loss of all 500 jobs in the business. There was initially no news on how many, if any,...

by admin November 9, 2022
Made.com collapses but hope for some jobs as Next buys brand
Business

M&S warns of ‘gathering storm’ ahead as surging costs knock profits

Marks and Spencer (M&S) has reported a big dip in profits and warned of a “gathering storm” ahead from rising costs and squeezed consumer...

by admin November 9, 2022
M&S warns of 'gathering storm' ahead as surging costs knock profits
Business

Cost of living: Household grocery bills ‘rise by almost £40’ in a month

The cost of the average annual grocery shop has risen by almost £40 in just one month, according to an industry report which is...

by admin November 8, 2022
Cost of living: Household grocery bills 'rise by almost £40' in a month
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