Rail companies and unions edged closer towards a deal yesterday with bosses at Network Rail hinting that they had put together a package that met one of the RMT’s key demands to end strike action. The state-owned company had previously refused to rule out compulsory redundancies as part of efficiency savings that it was demanding […]
The taxman failed to collect more than £30 billion last year, the equivalent of £1 in every £20 owed. Figures released by HMRC showed £32 billion in tax went unpaid in the 2020-21 financial year — 5.1 per cent of the total the taxman is owed. The figure, known by HMRC as the “tax gap”, […]
UK shoppers cut back on food spending last month, adding to concerns that the economy is heading for an inflation-induced recession later this year. Retail sales fell by 0.5 per cent between April and May and by 0.7 per cent when fuel is excluded, according to data from the Office for National Statistics (ONS). Sales […]
Leading serviced office and flexible workspace provider, Office Space in Town (OSiT), has appointed Georgia Sandom, already the company’s youngest ever Director, as its new Director of ESG. This appointment comes at the same time as OSiT launches its innovative new ESG strategy, which reflects the company’s longstanding values around sustainability, social diversity and inclusion […]
Tech-based upskilling platform Geekster aims to enroll 2,000 students from tier-2 and tier 3 cities in FY23, taking the total count of students to 3,000 from the current 1,000 Ankit Maggu, CEO, Geekster told FE Education. It also plan to recruit about 50 more employees, thereby taking the employee number to 150. “Almost 90% of […]
Chicago wheat futures on Friday hit their lowest in nearly four months and headed to a second consecutive weekly slump, dragged down by growing concerns over a global economic downturn, while an improved outlook for U.S. crops also added pressure. Read More
Shares of Toyota Motor Corp and Subaru Corp dropped on Friday after the two Japanese car makers announced recalls of their first mass-produced electric vehicles (EV) for the global market because of a risk the wheels could come loose. Read More
Masayoshi Son will face investors after a record yearly loss when SoftBank Corp. hosts its annual shareholders meeting later Friday. Confidence from even his most faithful backers may be at a breaking point. Peter Elstrom reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com […]