Category: News Wire

Analysis commissioned by London mayor predicts ‘lost decade’ of slump and lower employment with hard Brexit A no-deal Brexit could cause the UK to lose half a million jobs and nearly £50bn in investment by 2030, according to an economic forecast commissioned by the mayor of London, Sadiq Khan. The report, which models five possible […]

A record Black Friday helped John Lewis post strong growth in the run up to Christmas but the employee-owned retailer warned intense competition and a “volatile” economy would weigh on its full-year results.

Car manufacturer Vauxhall is to cut another 250 jobs at its plant in Ellesmere Port, bringing the total number of redundancies announced over the past three months to 650.

Businesses across Britain are short of workers across scores of sectors and at all skill levels, putting pressure on bosses to hike salaries, recruiters are warning. Companies are reluctant to raise pay when productivity has been stagnant but have found themselves with no choice as staff, from minimum wage entrants through the professions and all the […]

In UK 2.5bn disposable cups are thrown away each year, of which less than 0.25 per cent are recycled, according to environmental audit committee report MPs are calling for a 25p charge on takeaway coffee in a move that could see disposable cups banned in five years time, reports The Guardian. In the UK 2.5bn […]

Apple has said that all iPhones, iPads and Mac computers are vulnerable to a major security flaw that leaves the devices open to hacking.

A report urges “extremely careful” monitoring of statutory pay increases, warning automation poses a threat to lower-paid jobs. Increases in minimum wage levels risk raising the pace of mechanisation in the workplace, according to the Institute for Fiscal Studies (IFS). A report for the economic think tank urges “extremely careful” monitoring of wage rates over […]

Price jumped 130 per cent last year amid growth in use of derivatives products that allow investors to gamble on cryptocurrencies The growth in gambling on the yo-yoing value of cryptocurrencies using risky derivatives products has helped boost the profits of the financial spread betting firm Plus500, reports The Guardian. The London-listed company’s shares rose […]

Britain’s top bosses have seen their pay packets slashed in the face of mounting pressure from politicians and from investors. The average FTSE 100 chief executive earned £4.5m in 2016, down from £5.4m in 2015, according to the High Pay Centre and the Chartered Institute for Personnel and Development, reports The Telegraph. It takes earnings […]

The Trump administration blocks another high-profile takeover of a US company, this time leaving Alibaba’s founder disappointed.

Tech giants likely to pass record valuation if share price rises echo 2017 performance with Amazon, Google, Microsoft and Facebook in with a chance

Next has delivered a surprise lift in festive sales and marginally upgraded its profit guidance after beating City forecasts.

Patisserie Valerie is preparing to tap investors for tens of millions of pounds as it bakes a takeover bid for the company that owns Gail’s, the chain of artisan cafes.

Prices will rise by 3.4% on average, sparking protests at dozens of train stations as ‘passengers pay more for less’

Richard Cousins, the chief executive of FTSE 100 catering company Compass who was tragically killed alongside his family in Sydney on Sunday, was widely credited as one of the most astute businessmen of his generation.