Burger King has estimated that the fast food giant will have to close up to 400 locations across the US this year. The iconic burger chain said that underperforming stores will be the first to go. Following the announcement of the company’s first quarter results, CEO Joshua Kobza said the chain expects to shut between […]
Orbex has announced that construction has begun at Sutherland Spaceport (formerly known as Space Hub Sutherland) in Scotland, making this the first vertical launch spaceport to be built on the UK mainland. Located on the North coast of Scotland, the spaceport will be the ‘home’ spaceport of Forres-based rocket and launch services company, Orbex, which […]
Brits are expected to ring in the Coronation of King Charles III this weekend in the time honoured tradition of emptying their wallets faster than usual. It is predicted consumers will fork out around £8bn over the Coronation bank holiday weekend, with £3.22bn more spent than during a typical May bank holiday. Of the £3bn […]
Breadcrumb Trail Links Work News Aggravating gender disparity in the global workforce Author of the article: Bloomberg News Bryce Baschuk Published May 04, 2023 • 1 minute read Join the conversation Women hold less than 30 per cent of all global AI roles. Photo by Justin Sullivan/Getty Images Article content Turmoil in global labour markets […]
Jeremy Hunt has talked up Britain’s prospects of becoming the “world’s next Silicon Valley” in a summit with creative industries leaders. The Chancellor has said the Prime Minister’s ambition for the UK to become a “science and technology superpower” is key to the country’s future. Speaking at a Treasury Connect event in a series of […]
Diesel drivers are being “ripped-off” at the pumps to the tune of around 16p per litre, according to a motoring group. The RAC, along with others, has long argued that British motorists and businesses are paying over the odds for the fuel – the engine behind the UK economy – fanning the flames of inflation […]
A Freedom of Information request has revealed that over 145,000 Bounce Back Loans loans worth £3.8bn are in default as businesses continue to battle economic headwinds. The findings come as latest estimates show that of £47 billion paid out in Bounceback Loans, £17 billion is already expected to be lost, £4.9 billion of that – […]
Prezzo, the high street restaurant chain, is bracing for a court showdown with landlords over the closure of a third of its sites. It is understood that Prezzo will write to the owners of its 143-strong estate on Tuesday to notify them of the legal process through which it intends to shut unprofitable stores. City […]
Lloyds first quarter profits rose 46 per cent as the bank became the latest UK lender to see its bottom line boosted by a hike in interest rates. The lender’s pre-tax profits came in at £2.3bn compared to £1.5bn the same quarter last year. Charlie Nunn, chief executive of Lloyds Banking Group said: “The group […]
HMRC is prosecuting far fewer people for tax dodging than before the pandemic, an influential committee of MPs has warned. Over the two pandemic years, the tax authority completed around 1,000 fewer prosecutions for tax-related offences than before the pandemic, a report by the influential Public Accounts Committee found. In 2020–21 and 2021–22, it concluded […]