UK employers cut their recruitment efforts sharply in November, with job vacancies falling at their fastest rate since the onset of the pandemic. Fresh data from KPMG and the Recruitment and Employment Confederation (REC) reveal that demand for staff declined “at a sharp and accelerated pace,” pointing to a deepening malaise in the labour market […]
Chancellor Rachel Reeves is set to call for a “reset” in Britain’s economic relationship with the European Union, arguing that closer ties would help break down barriers to trade and enhance both sides’ growth prospects. In the first address by a British chancellor to the Eurogroup since Brexit, Reeves will say that while the UK […]
The deepening car finance crisis could deliver a major blow to Britain’s economic prospects, according to the head of the country’s largest retail bank. Charlie Nunn, chief executive of Lloyds Bank, warned that uncertainty caused by recent court rulings was undermining investor confidence and risking a multi-billion-pound claims storm reminiscent of the PPI scandal. Mr […]
Frasers Group has warned that Rachel Reeves’s budget will cost it at least £50 million next year, likening the impact on retailers to a “punch in the face”. Michael Murray, the chief executive of the British retail group, said the recent fiscal measures will force businesses to cut costs and could hit consumer confidence to […]
Recruiters have warned that Angela Rayner’s proposed overhaul of workers’ rights could force employers to sack staff who fall ill for extended periods, as businesses grapple with new cost burdens at a time of escalating employment expenses. Under the government’s plans, employees will be able to claim statutory sick pay (SSP) from the first day […]
Breadcrumb Trail Links PMN Business New research shows that the path for women to become CEO remains “unbelievably narrow” across British corporations. Author of the article: Bloomberg News Katherine Griffiths Published Dec 08, 2024 • 3 minute read 4b9pf561913mj[a6{zcor3ip_media_dl_1.png Bloomberg Intelligence Article content (Bloomberg) — Women are increasingly being hired for the roles at companies […]
Article content (Bloomberg) — Canadian Western Bank said it delayed the release of its fiscal fourth-quarter earnings Friday because it received a legal claim against a bank division that needed investigation. Article content The case won’t affect its sale to National Bank of Canada, it said. The claim involving CWB Maxium Financial Ltd. contains “allegations […]
This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: GlobeNewswire Published Dec 08, 2024 • 3 minute read Article content GUELPH, […]
Breadcrumb Trail Links PMN Business President-elect Donald Trump said he has no plans to replace Federal Reserve Chair Jerome Powell once he returns to the White House, saying “I don’t see it.” Author of the article: Bloomberg News Jenny Leonard and Michelle Jamrisko Published Dec 08, 2024 • 4 minute read US President-elect Donald Trump […]