Prezzo has said it is to close 46 loss-making restaurants as it struggles with soaring energy and food costs. The move will put around 810 workers at risk of redundancy, the Italian restaurant chain said, although it will try to redeploy “as many staff internally as possible”. The private equity-owned business said the cuts will […]
Outstanding bank loans to SME’s in the UK fell by £14bn in the year to March with concerns that this figure could fall further due to March’s banking turmoil and mooted regulatory changes. In the year to March, outstanding bank loans fell to £195bn from £209bn according to Bank of England data sourced by debt […]
Some of Britain’s biggest companies are this weekend scrambling to fill the void left by the crisis at the CBI as they consider backing a new body being set up after talks with Conservative and Labour officials. Sky News are running reports that it has learnt that businesses from across a range of sectors including […]
UK tech tycoon Mike Lynch lost his bid to appeal his extradition to the US to face criminal charges over the Hewlett Packard sale. The Autonomy Corp. founder had tried to block his transfer to the US after the British government approved the move in January 2022. This followed a separate court judgment that he […]
Sky Sports tennis presenter has lost an IR35 tax case against HMRC on a technicality. Barry Cowan had appealed a previous decision by HMRC that he should be treated as an employee of Sky for tax purposes, relating to work carried out between the 2014 and 2019 tax years. The appeal was made by a […]
The UK’s shrinking and ageing population is limiting economic growth, with “outdated and static” working practices, MPs have warned. An “exodus” of over-50s from the labour market has worsened shortages, a cross-party House of Commons Business, Energy and Industrial Strategy (BEIS) committee report said. Chairman Darren Jones said: “Our shrinking and ageing UK labour market, and […]
Extinction Rebellion has promised to avoid disrupting the London Marathon as it prepares for “40,000 to 50,000” activists to protest in the capital while the race is on. The group is staging a four-day protest outside Parliament Square from Friday but has been in talks with the marathon race director to ensure minimal disruption. Earlier […]
Business group giant the CBI says it has handed over additional information about what it describes as a serious criminal offence to the police. The City of London police is already investigating claims a woman was raped at a CBI summer party in 2019. It is understood that the “additional information” relates to a new […]
What do Beyoncé and Cristiano Ronaldo have in common? As of today, they are no longer verified on Twitter. The social media giant began removing the once-coveted blue tick verification from thousands of accounts on Thursday. The move comes as owner Elon Musk attempts to overhaul the social media company to turn a profit. Users […]
UK retail sales fell by 0.9% between February and March with shops blaming wet weather for fewer shoppers. Non-food retailers, in particular, said that rainfall affected sales with department stores and clothing shops reporting a drop in volumes. It was the sixth wettest March on record since 1836, according to the Met Office. The retail […]