P&O Ferries will not face criminal action over the way it fired nearly 800 employees earlier this year, the Insolvency Service has said. The firm sacked staff without notice in March, replacing them with foreign agency workers who were paid less than the UK minimum wage. The government agency said that, following a “full and […]
Cineworld, the world’s second largest cinema chain, is preparing to file for bankruptcy after failing to see a quick enough recovery in movie-going since the end of the pandemic. The London-listed business, which has run up debt of more than $4.8bn (£4bn) after losses soared while cinemas were shut during the global coronavirus crisis, has […]
The Dubai-based owner of P&O Ferries has been accused of behaving like “corporate gangsters” after celebrating record-breaking profits just months after sacking 800 of its UK-based workers without notice. DP World, which is ultimately owned by the Dubai royal family, said in March that firing 786 P&O seafarers and replacing them with much cheaper agency […]
Apple has disclosed serious security vulnerabilities for iPhones, iPads and Macs that could potentially allow attackers to take complete control of these devices. On Wednesday the company said it was “aware of a report that this issue may have been actively exploited”. Apple released two security reports about the issue on Wednesday, although they didn’t […]
Anglers may love a warm, sunny day on the riverbank or at a lake, but this summer has proved too hot and too sunny, in turn hitting Britain’s biggest seller of fishing tackle. Angling Direct yesterday bemoaned “adverse fishing conditions” as it revealed disappointing recent sales and warned that its profits would fall short of […]
Consumer confidence has fallen to a new record low as people facing painful budget squeezes have become “exasperated” at the state of the economy. A closely watched monthly survey of sentiment reversed a rebound in July to fall to its lowest level since records began in 1974. The index, compiled by GfK, has dropped three […]
Two thirds of people with mild Covid-19 are still infectious five days after their symptoms begin, according to a study. The research revealed people spread the virus for longer than previously thought, contrary to NHS guidance which states “many will no longer be infectious to others after five days”. It comes amid renewed calls for […]
Government borrowing was £3 billion higher than expected in the year to July, putting pressure on the next chancellor to keep costs down to meet fiscal targets. Borrowing since April came to £55 billion, compared with the £52 billion forecast by the Office for Budget Responsibility. The government is under pressure to deliver more support […]
Figures out today show that HMRC raked in another £2.4 billion in inheritance tax receipts in the three months to July 2022. This is £300 million more than in the same period last year. Liz Truss and Rishi Sunak have both suggested they would review inheritance tax rules as Prime Minister. This could mean scrapping […]
One of the country’s leading energy bodies has called for the Government to work with industry and financial institutions,, and bring in a deficit tariff scheme to keep bills down this winter. Energy UK has written to the Chancellor Nadhim Zahawi, outlining its proposals. It believes that Government-backed loans to bridge the difference between today’s […]