Hundreds have lost their jobs after British electric car battery company Britishvolt fell into administration. The majority of Britishvolt’s approximate 300 staff have been made redundant, administrators said, after the group made an application for administration to the courts on Tuesday. It followed talks with investors over a possible sale to keep the firm afloat. […]
The UK foreign secretary, James Cleverly, and the European Commission’s vice-president, Maroš Šefčovič, have committed to further talks to resolve the dispute over Brexit trading arrangements in Northern Ireland. Following a “stock-taking” meeting on Monday afternoon, they agreed to continue what they described as “scoping work” to find potential solutions in a “constructive and collaborative […]
More Housing’s new home, The Parker gives councils a solution to the housing crisis. Currently, the UK has close to 100k people in temporary housing or on the streets. Conditions in temporary housing have been widely reported by charities and the media as unsafe and unsatisfactory, with one in five having hazardous conditions. This menagerie of […]
Article content Earlier this month a strong jobs report tilted the odds in favour of the central bank hiking its rate by another 25 basis points to 4.5 per cent. Article content RBC expects headline Consumer Price Index growth to slow to 6.4 per cent in December from 6.8 per cent in November. Inflation peaked […]
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. […]