The CBI, which faced a mass exodus of members and severe financial difficulties after the allegations emerged in April 2023, has taken significant steps to restore its standing. The group cut a third of its staff, closed international offices, and revamped its governance structure. These efforts appear to be bearing fruit, with major firms returning […]
British Steel is set to close its blast furnaces in Scunthorpe by the end of the year, placing 2,500 jobs in jeopardy. The move comes as the Chinese-owned company seeks to accelerate its transition to greener steel production, despite having received £600 million in taxpayer support. The company is in talks with the UK government […]
Mike Ashley has appointed his youngest daughter, Matilda Ashley, as a director of Mash Holdings, the company through which he controls his substantial stakes in Frasers Group and other ventures. This move underscores the growing influence of family ties in the billionaire’s business operations. According to recent filings with Companies House, 27-year-old Matilda Ashley has […]
Breadcrumb Trail Links News Many employees are putting in more hours compared to last year Published Aug 23, 2024 • Last updated 11 minutes ago • 4 minute read People make their way to work in Toronto’s financial district. Canadian managers say they are seeing an increase in employee productivity compared to last year. Photo by […]
Gatwick Airport has reported a significant uptick in passenger numbers, with 19.9 million travellers passing through its terminals in the first half of 2024, marking a 7.7% increase compared to the same period last year. The UK’s second-largest airport attributes this growth to a strong recovery in short-haul travel, even as long-haul passenger numbers continue […]
UK household confidence in the economy has dipped for the first time in six months, according to the latest findings from the GfK consumer confidence survey. The long-running index, which dates back to the 1970s, remained unchanged at -13, a figure slightly above the long-term average of -18 but below City analysts’ expectations. This decline […]
Business leaders are urging Sir Keir Starmer to reconsider plans for a significant expansion of union powers, warning that the move could hamper economic growth and deter investment in the UK. The Labour Party is reportedly developing proposals that would compel companies to recognise and negotiate with trade unions, even if only a minority of […]
Disney has backed down from its attempt to move a wrongful death lawsuit to arbitration, following a public backlash. The lawsuit, filed by Jeffrey Piccolo, seeks justice for the death of his wife, Dr. Kanokporn Tangsuan, who died in 2023 after suffering a severe allergic reaction at Disney World in Florida. Initially, Disney argued that […]
Breadcrumb Trail Links News The blows keep coming for manufacturing Published Aug 20, 2024 • 4 minute read Canada’s manufacturing sector is on track to contract for a fourth consecutive quarter. Photo by John Mahoney / Postmedia Article content The Bank of Canada’s view that the worst is behind us was challenged recently by warning […]
The price of gold could soar to $2,600 an ounce after reaching a new record, as traders increasingly anticipate that the US Federal Reserve will cut interest rates next month. On Sunday, the spot price of gold broke through the $2,500 per ounce barrier for the first time, extending a rally that has seen the […]