Some £177.6 million was lost to impersonation scams last year, with more than 45,000 cases reported, according to a finance industry trade body. UK Finance, which leads the Take Five campaign, highlighting the dangers of fraud, said there were 45,367 cases of this type of fraud in 2022. The figures were released during Take Five […]
Ineos Automotive, owned by the chemicals tycoon and Brexit-backing billionaire Sir Jim Ratcliffe, who is bidding to buy Manchester United, is to build its electric 4×4 at a factory in Graz, Austria. The electric version of its new Grenadier off-road vehicle will be developed with Magna International, a Canadian company that makes cars to the […]
Less than a week after abandoning its plan to split itself into separate audit and consulting businesses, EY has told staff it will cut 3,000 jobs in the United States to eliminate “overcapacity”. The redundancies, which will fall mainly on the consulting side of the firm, account for 5 per cent of its American workforce, […]
Most renewable electricity tariffs are greenwashing and will fail to help Britain meet its net-zero goal, the country’s third largest energy supplier said. Ovo Energy said it would ditch the certificates behind most green tariffs from May. The company cited a report it commissioned from the energy analyst Cornwall Insight, which found they did little […]
From today, Asda customers can have their shopping delivered by a Wayve self-driving vehicle in the UK’s largest autonomous grocery home shopping delivery trial. In partnership with Wayve, the year-long trial will give the supermarket the ability to autonomously deliver groceries to a catchment area of over 170,000 residents across 72,000 households in London. The […]
Twitter has launched a new platform to support writers move from micro-blogging to longer-form pieces, with posts of 10,000 characters permitted. The Elon Musk-owned social media giant announced the launch of Twitter Write on Friday, offering “improvements to the writing and reading experience” for users. “Starting today, Twitter now supports Tweets up to 10,000 characters […]
Leaders of the biggest rail workers union are considering an “updated” offer from train companies aimed at resolving the long-running dispute over jobs, pay and conditions. The move by the Rail Delivery Group (RDG) follows weeks of talks in a bid to break the deadlock. The Rail Maritime and Transport union (RMT) has held a […]
The Government’s drive to get Britons to install heat pumps in their home was today branded ‘shameful’ and an ’embarrassment’ after missing its installations target. Fewer than 10,000 pumps have been installed in England and Wales during the first year of a programme giving households a £5,000 voucher to help cover the cost. This is […]
The CBI’s time has passed and it is no longer fit for purpose, according to former Barclays’ director Baroness Wheatcroft. The peer said it was “increasingly difficult” for the business lobby group to represents the likes of both Amazon and a small manufacturing firm. The CBI and its future are under the spotlight following claims […]
Two in five mothers feel prohibited from returning to work due to the high cost of childcare, even with Jeremy Hunt’s expanded childcare offering, a new survey of mothers has revealed. “Nursery and childminder costs can swallow a huge chunk of new parents’ earnings, and with the current cost of living crisis squeezing every household’s […]