Category: News Wire

Sports Direct is facing battles on several fronts ahead of a crunch investor vote that could result in its under-fire chairman heading for the exit. Twenty four hours before shareholders vote on Keith Hellawell’s future, dark clouds were gathering above its controversial Shirebrook warehouse amid opposition to his reappointment and new allegations relating to the […]

HSBC, TalkTalk and others say they have stopped working with PR firm after secret campaign to stir up racial tensions Bell Pottinger is facing a fight for survival as a string of clients and senior staff quit in the wake of the scandal over its secret campaign to stir up racial tensions in South Africa, reports […]

Lego is shedding 1,400 staff as a decade long-run of sales growth ends after expansion failed to deliver expected sales growth The Danish manufacturer of toy building blocks said it is cutting 8pc of its global workforce after reporting a 5pc drop in first-half revenues to 14.9bn DKK £(1.8bn), with net profit slipping 3 per […]

London has held its position as the UK’s top spot for prosperity, but growth in the capital is lagging against a backdrop of fluctuating economic conditions and Brexit negotiations, new research suggests. Barclays Wealth & Investments’ annual UK prosperity map, which will be published today, found London’s growth was slowing across a range of indicators […]

The country’s factories are reporting bumper order books – bolstered by the weak pound in the wake of the Brexit vote and stronger eurozone economy. A closely watched survey of firms’ expectations for the third quarter of the year showed output rising for 34 per cent of the companies questioned by business advisory firm BDO […]

Fall in the value of vintage vehicles comes after years of demand that have made them a strong investment, says Coutts bank

People who voted for Brexit made a “stupid” decision which could still be reversed by the British public, one of the EU’s most powerful officials said yesterday. Martin Selmayr, chief of staff to the European Commission President Jean-Claude Juncker, said it was “legally” possible for the UK to reverse its decision to leave, reports The Telegraph. His […]

Six areas in the UK will soon be trying out broadband technology that provides data at speeds approaching one gigabit per second (gbps). Businesses, schools and hospitals will be the first to try out the “full-fibre” network technology, reports The BBC. The pilots will be run in Aberdeenshire, West Sussex, Coventry and Warwickshire, Bristol, West […]

Theresa May is gearing up to lift the cap on public sector workers’ pay this month, as she attempts to win back voters and get her leadership back on track. The Prime Minister is planning to end the one per cent cap on rises for all public sector workers – which has been in effect […]

Fresh food could be left rotting at the British border if strict customs controls for EU goods are put in place after Brexit, Sainsbury’s chief executive has warned In a direct intervention into the Brexit debate, Mike Coupe said anything disrupting established food supply chains, currently governed by EU customs arrangements, would be “detrimental”, reports Sky […]

Staff in Cambridge and Crayford branches to protest over low wages and zero-hours contracts in action backed by Corbyn McDonald’s faces its first strike since it opened in the UK in 1974, as well as protests by unions and the public at several restaurants over pay and working conditions, reports The Guardian. About 40 staff […]

Three former Tesco directors will stand trial on Monday to face charges over the company’s £263m accounting scandal Christopher Bush, Tesco UK’s former managing director, Carl Rogberg, the company’s former UK finance director, and John Scouler, its former UK food commercial director, have been accused of abusing their positions to falsely inflate the grocer’s profits […]

Volkswagen UK is offering customers discounts of up to £6,000 to trade in diesel vehicles when buying a new car. All the Volkswagen UK brands – including Audi, Seat, Skoda and Volkswagen Commercial Vehicles – will participate, reports The BBC. VW launched a more generous scheme in Germany in August in the wake of its […]

The UK’s manufacturing industry smashed expectations in August, after data showed growth in the sector jumped to a four-month high. Markit’s purchasing managers’ index (PMI) for the sector rose to 56.9, up from 55.1 in July, and against expectations of a fall to 55. Any number above 50 suggests growth in the sector’s output, reports […]

Premier League clubs have smashed summer transfer window spending records for a sixth consecutive year, according to analysis of their activities. Figures from Deloitte’s sports business group showed the 20 top-flight teams collectively spent £1.43bn during the break between seasons – a rise of 23 per cent on the previous year, reports Sky News. They […]