Category: News

Rising minimum wage pressures have led to a sharp decline in summer job hiring in key sectors such as hospitality, tourism, and construction, as employers grapple with increased wage costs.

Barclays suspends 2024 sponsorship of Live Nation festivals, including Download and Isle of Wight, following artist protests over the bank’s links to arms companies trading with Israel.

Asda outsources over 100 IT staff to Tata Consultancy Services in cost-cutting move, sparking job cut fears. Private equity owner TDR Capital tightens control.

The ‘Bridgerton universe’ has contributed £275 million to the UK economy, according to Netflix, as producer Shonda Rhimes marks the launch of season three’s second part by opening the London Stock Exchange.

Alan Bates, the campaigner behind the exposure of the Horizon IT scandal, has been knighted in the King’s Birthday Honours. Other honourees include Tracey Emin, Gordon Brown, and Armando Iannucci.

Heathrow Airport braces for a £900 million surge in business rates, potentially increasing costs for passengers from 2026.

Wells Fargo dismisses staff for using mouse jigglers to simulate keyboard activity and deceive the firm about their work productivity, amid increasing surveillance of remote workers.

Jaguar Land Rover commits over £1 million to support police operations and intelligence gathering to tackle vehicle theft in the UK, focusing on hotspots and enhancing vehicle security.

Analysts forecast a significant drop in oil prices to $60 a barrel by late 2025, promising lower petrol costs and airfares, while creating challenges for North Sea fossil fuel producers amid potential tax hikes.

Capital Economics downgrades UK house price forecast to a mere 0.5% rise in 2024, citing high mortgage rates and increased supply as key factors behind the sluggish growth.

Tesla shareholders have ratified Elon Musk’s unprecedented £44 billion pay deal and approved the move of the company’s legal headquarters to Texas, reinforcing Musk’s leadership amidst legal challenges and allegations.

A 46-year-old man has been arrested in connection with the NCA’s criminal investigation into PPE Medpro, which secured £203m in government contracts during the pandemic.

Revolut signs a decade-long lease at Canary Wharf’s YY London, boosting the financial district while maintaining flexible work-from-home options for staff.

Chancellor Jeremy Hunt anticipates a close race in the new Godalming & Ash constituency, predicting a margin of just 1,500 votes. The seat is hotly contested by the Liberal Democrats.