Category: News

Sir Jim Ratcliffe, the billionaire behind Ineos, is making strides in sustainability with the launch of the all-electric version of the Ineos Grenadier 4×4, named the Fusilier. 

Paula Vennells, the former chief executive of the Post Office, has officially been stripped of her Commander of the Order of the British Empire (CBE) title by the King, following accusations of “bringing the honours system into disrepute”.

Serco, a prominent outsourcing company, has been directed to halt the use of facial recognition technology in monitoring its employees after the Information Commissioner’s Office (ICO) found the practice to violate privacy rights.

The landscape of job recruitment has shifted, with companies no longer offering substantial pay increases as incentives for job changes, according to Hays, one of Britain’s largest recruiters.

The collapse of the Britishvolt battery factory project has left administrators still seeking payment from the Australian buyer, Recharge Industries, for the site in Cambois, Northumberland.

Vauxhall’s parent company, Stellantis, has announced plans to commence electric vehicle production at its Luton factory, securing the long-term future of the plant and 1,500 jobs.

Banking giant Lloyds has allocated £450 million to cover potential costs related to an investigation into car finance deals conducted by the UK’s financial regulator, the Financial Conduct Authority (FCA).

The Equalities and Human Rights Commission (EHRC) has issued guidance clarifying the legal obligations of employers regarding menopausal women in the workplace.

Leading economists have cautioned the Lords Economic Affairs Committee that achieving net zero emissions will come with a significantly higher price tag than what the public currently perceives.

Reports suggest that the Abu Dhabi sovereign wealth fund is considering an investment in London’s Heathrow Airport, potentially joining forces with Saudi and Qatari investors.

Fiat has issued a stark warning, urging the government to reinstate its axed grant for electric cars to ensure the UK meets its ambitious sales targets for electric vehicles (EVs) by the end of the decade.

Multi-billionaire Jeff Bezos, the founder and executive chair of Amazon, has recently concluded an ambitious share sale plan, offloading a staggering 50 million Amazon shares over the past nine trading days, with a total value of approximately $8.5 billion.

HSBC, Europe’s largest bank, has announced a substantial 80% surge in pre-tax profits, reaching $30.3 billion (£24 billion) in 2023, primarily propelled by elevated interest rates globally.