More than a third of businesses in the hospitality industry risk going bust early next year as running costs and dwindling consumer confidence push them to the brink. According to an analysis of a survey by four leading trade bodies, 35 per cent of respondents expect to be operating at a loss or to be […]
A rise in unemployment above pre-pandemic levels next year will intensify the squeeze on household finances, which is already at its worst since the Second World War, a think tank says. The jobless rate has fallen from 4 per cent at the beginning of 2020 to 3.5 per cent after hundreds of thousands of people […]
More than 10,000 spectators cheered as a team of UK-based competitors won £7.4 million. The victory was marked not by a goal or the crossing of a finishing line but the smashing of a monument by brightly coloured creatures. Tundra Esports, video game players from London, won The International 2022 contest in Singapore after proving […]
The Bank of England was among London landmarks targeted by environment activists this morning, along with the Home Office, MI5 and headquarters of News Corp. Two Just Stop Oil demonstrators were arrested by City police outside the Bank of England, after the building was covered in orange paint. The City of London Police said the […]
Staff at the Co-op will be able to take paid time off for fertility treatments, under a new policy launched by the retailer. Co-op’s chief executive, Shirine Khoury-Haq, said she has gone through the process of fertility treatment herself and wants to create a supportive environment for her employees. The policy will provide paid leave […]
The UK government-backed battery startup Britishvolt is considering entering administration with the potential loss of almost 300 jobs after it struggled to find investors willing to fund its effort to build a giant £3.8bn “gigafactory” in north-east England. The company could announce an administration as soon as Monday, with the accountancy firm EY lined up […]
Planned strikes by Royal Mail workers in the next two weeks have been called off after a challenge by the company. Members of the Communication Workers Union (CWU) are involved in a long-running dispute over pay and conditions. A series of strikes has taken place in recent weeks and more had been planned on 2, […]
Breadcrumb Trail Links Transportation News Airlines CEO says company ‘sincerely’ regrets the chaos many travellers experienced this summer Air Canada saw its operating revenue climb more than fivefold this summer, as travel returned to pre-pandemic levels. But service suffered from inadequate resources. Photo by Gavin Young /Postmedia News Article content Montreal-based Air Canada reported a […]
Energy giant Shell does not expect to pay any further taxes under the Energy Profits Levy this quarter, as it has invested sufficient funds in North Sea oil and gas projects such as the Jackdaw, Pierce and Penguin fields. This has triggered an investment relief mechanism that has largely offset the so-called windfall tax, explained […]
Amazon shares dropped close to 20% in after-hours trading on Thursday after the company said its all-important holiday shopping season would be smaller than expected. The company is the latest tech giant to disappoint Wall Street this week. After enjoying phenomenal growth during the pandemic, Amazon has struggled to contain costs as inflation and rising […]