Liberty Steel has announced plans to cut 440 jobs and suspend manufacturing at its plant in south Wales, in a sign of difficulties in Sanjeev Gupta’s metals empire. The steelmaker on Thursday said it would turn its Newport manufacturing plant into a distribution centre, make idle a site at nearby Tredegar and another at West […]
Royal Mail has been hit by a ransomware attack by a criminal group, which has threatened to publish the stolen information online. The postal service has received a ransom note purporting to be from LockBit, a hacker group widely thought to have close links to Russia. Royal Mail revealed that it had been hit by […]
The economy grew 0.1 per cent in November, raising the possibility that the economy avoided entering recession at the end of last year. Output edged up over the month, helped by growth in the dominant services sector, with pubs and bars enjoying a boost as people went out to watch World Cup games, the latest […]
Breadcrumb Trail Links Retail & Marketing News Half of its net sales came from the U.S. An Aritzia store in New York. Photo by David Williams/Bloomberg Article content Aritzia Inc. shares declined in morning trading after the clothing retailer generated strong top-line growth during the third quarter, but reported higher warehousing costs and lowered its […]
Struggling NatWest borrowers have been given an extra six months to pay back unsecured loans and overdrafts. The part state-owned bank said it has “not yet” seen “significant” increases in the number of defaults or people in arrears but said the measure is designed to act as a support to communities. As a result of […]
Around 100,000 civil servants will strike on 1 February in a worsening dispute over pay, jobs and conditions, the Public and Commercial Services union has announced. It will be the largest civil service strike for years and coincides with the TUC’s “protect the right to strike day” announced yesterday in response to new government legislation. […]
Royal Mail has said it is facing severe disruption to its international export services after a “cyber incident”. The company is temporarily advising customers to hold any export mail while it tries to resolve the issue. Royal Mail added that it had launched an investigation into the incident, was “working with external experts” and “sincerely […]
A group of former workers at Twitter’s UK operation have accused the company of subjecting them to “unlawful, unfair and completely unacceptable” treatment during a “sham” redundancy process. A law firm representing 43 Twitter staffers who were made redundant has raised the prospect of an employment tribunal to resolve the situation, which it says has […]
The cost of living crisis is the biggest risk facing the global economy this year, the World Economic Forum has warned ahead of its annual meeting in Davos. About 1,200 industry executives and policymakers listed the most severe risks over a two and ten-year horizon, with the cost of living at the top of short-term […]
Thousands of Microsoft employees across the United States will be given unlimited days off in an overhaul of its holiday policy. The company’s discretionary time off scheme for its American workforce will come into effect on January 16, according to the Verge technology website, which cited a memo from Kathleen Hogan, Microsoft’s chief people officer. […]