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Business

Business

Shapps to hold crunch talks with British Steel owner amid spectre of mass job cuts

Grant Shapps, the new business secretary, will hold crunch talks next week with the owners of Britain’s second-biggest steel producer, amid dwindling hopes that...

by admin November 5, 2022
Shapps to hold crunch talks with British Steel owner amid spectre of mass job cuts
Business

Energy bills: Power blackout prevention scheme which could earn households £100 approved

The energy regulator has approved a scheme that will see households and businesses taking part receive financial rewards for saving power at times of...

by admin November 5, 2022
Energy bills: Power blackout prevention scheme which could earn households £100 approved
Business

Hundreds of workers to strike at Heathrow Airport in run-up to World Cup

Hundreds of workers at Heathrow will walk out in the run-up to the World Cup finals this month over demands for better pay. Unite...

by admin November 5, 2022
Hundreds of workers to strike at Heathrow Airport in run-up to World Cup
Business

Flutter investors brace for judge’s verdict on FanDuel stake sale

Investors in Flutter Entertainment, the FTSE 100 gambling group, are poised to discover the outcome of a year-long legal dispute with Rupert Murdoch’s Fox...

by admin November 5, 2022
Flutter investors brace for judge's verdict on FanDuel stake sale
Business

‘Unfortunately, there is no choice’: Elon Musk defends culling Twitter staff

Elon Musk has defended sacking half of Twitter’s 8,000 workers, saying “unfortunately, there is no choice”. Mr Musk insisted that the platform’s commitment to...

by admin November 4, 2022
'Unfortunately, there is no choice': Elon Musk defends culling Twitter staff
Business

Elon Musk closes all Twitter offices as layoffs begin

Twitter employees are finding out whether they are being laid off today – one week after Elon Musk’s takeover. The social network’s offices are...

by admin November 4, 2022
Elon Musk closes all Twitter offices as layoffs begin
Business

Hundreds of workers to strike at Heathrow Airport in run-up to World Cup

Hundreds of workers at Heathrow will walk out in the run-up to the World Cup finals this month over demands for better pay. Unite...

by admin November 4, 2022
Hundreds of workers to strike at Heathrow Airport in run-up to World Cup
Business

Energy bills: Power blackout prevention scheme which could earn households £100 approved

The energy regulator has approved a scheme that will see households and businesses taking part receive financial rewards for saving power at times of...

by admin November 4, 2022
Energy bills: Power blackout prevention scheme which could earn households £100 approved
Business

Elon Musk to start Twitter layoffs within hours – and offices are closed

Twitter employees will find out whether they’re being laid off later today – one week after Elon Musk’s takeover. The social network’s offices are...

by admin November 4, 2022
Elon Musk closes all Twitter offices as layoffs begin
Business

Interest rate rises to 3% as Bank of England imposes biggest hike for three decades

The Bank of England has unveiled the biggest interest hike for 30 years as it seeks to tame double-digit inflation, warning the UK is...

by admin November 3, 2022
Interest rate rises to 3% as Bank of England imposes biggest hike for three decades
Business

Cost of living: Sainsbury’s shields shoppers from some rising costs as profits dip

Sainsbury’s has claimed to be passing on rising costs to shoppers at a slower rate than its competitors, saying its decision is partly responsible...

by admin November 3, 2022
Cost of living: Sainsbury's shields shoppers from some rising costs as profits dip
Business

BT warns of job cuts as it dials in £500m of additional cost savings

BT has warned that jobs are likely to be lost after raising its cost savings target from £2.5bn to £3bn by the end of...

by admin November 3, 2022
BT warns of job cuts as it dials in £500m of additional cost savings
Business

Cost of living crisis: Bank of England set to increase interest rates to levels not seen since 2008

The Bank of England is expected to unveil the biggest interest rate rise since the 1980s today. A hike of 0.75 percentage points is...

by admin November 3, 2022
Cost of living crisis: Bank of England set to increase interest rates to levels not seen since 2008
Business

BT to upgrade cost-savings target to £3bn as inflationary pressures bite

BT Group is expected to increase a multibillion-pound cost-savings target on Thursday as it seeks to counter the inflationary headwinds buffeting the UK economy....

by admin November 2, 2022
BT to upgrade cost-savings target to £3bn as inflationary pressures bite
Business

Britishvolt workers take ‘substantial’ pay cut as firm seeks ‘more secure funding position’

The boss of Britishvolt, the start-up building a battery gigafactory in Northumberland, has told Sky News that staff have agreed a “substantial” temporary pay...

by admin November 2, 2022
Britishvolt workers take 'substantial' pay cut as firm seeks 'more secure funding position'
Business

‘#TrumpIsDead’ trends on Twitter as users test Elon Musk’s approach to fake news

Tweets of Donald Trump’s death have been greatly exaggerated. You may have woken up to #TrumpIsDead trending on Twitter this morning, and swiped over...

by admin November 2, 2022
'#TrumpIsDead' trends on Twitter as users test Elon Musk's approach to fake news
Business

Cost of living crisis: Staples such as tea bags, milk and sugar surge in price as food inflation races to new record high

Food inflation surged to a record 11.6% in October – with staple items including tea bags, milk and sugar all seeing significant price rises....

by admin November 2, 2022
Cost of living crisis: Staples such as tea bags, milk and sugar surge in price as food inflation races to new record high
Business

Twitter’s blue tick will cost $8 a month, says Elon Musk, giving ‘power to the people’

Twitter’s new owner Elon Musk has announced the platform’s coveted ‘blue tick’ will now cost users $8 (£7) a month, and criticised the current...

by admin November 1, 2022
Twitter's blue tick will cost  a month, says Elon Musk, giving 'power to the people'
Business

Former PM Johnson in talks with Hollywood talent agency Endeavor

Boris Johnson is in talks with one of Hollywood’s most prominent talent agencies about a lucrative speaking deal following his aborted run for a...

by admin November 1, 2022
Former PM Johnson in talks with Hollywood talent agency Endeavor
Business

Over 1,000 McColl’s jobs at risk of redundancy following Morrisons takeover

Morrisons has said it is to close 132 McColl’s stores, risking 1,300 jobs, following the supermarket’s purchase of the convenience chain. Workers potentially impacted...

by admin November 1, 2022
Over 1,000 McColl's jobs at risk of redundancy following Morrisons takeover
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