Ministers have issued an ultimatum to the chief executive of Heathrow, calling on him to provide a plan to resolve the airport’s staffing problems, it has been reported. John Holland-Kaye (pictured) has until midday on Friday to assure ministers that the airport has sufficient workers for security screening and to assist disabled passengers, according to […]
Amazon is creating 4,000 permanent jobs in Britain, including for roles in warehouses set to open in Wakefield, West Yorkshire, and Knowsley on Merseyside. The American online retailer is also seeking software developers, product managers and engineers, as well as workers for its 19 Amazon Fresh stores, including the first store outside London in Sevenoaks, […]
Borrowing on credit cards rose in the second quarter, accompanied by an increase in defaults as people struggled to meet repayment deadlines amid widespread price rises. Demand for unsecured lending, which is driven by borrowing on credit cards and through personal loans, rose in the three months to June, according to the Bank of England’s […]
Higher central bank interest rates will trigger a wave of corporate defaults as companies struggle with higher borrowing costs and the threat of a global recession, fund managers have warned. A quarterly survey of global money managers said that company defaults were set to climb from very low levels during the pandemic as monetary policy […]
Aston Martin Lagonda is closing in on a deal to raise more than £500 million by bringing in Saudi Arabia’s sovereign wealth fund as a major shareholder and launching a rights issue for investors. The move will result in Saudi’s Public Investment Fund investing up to £200 million for a near 20 per cent shareholding […]
Streaming giant Spotify has snapped up daily music game Heardle as the firm builds out its interactive offerings to keep music lovers listening. The news comes just weeks after the company launched a “karaoke mode”, which provides users with the lyrics to their favourite songs. Heardle, which is a Wordle spin-off, will remain a standalone website, and […]
BT announced plans to nearly double its in-house digital talent across the UK and India this morning, growing to 6,300 people by 2024. The UK staff will be dotted around BT’s hub sites in Birmingham, Manchester, Bristol, Belfast, Ipswich and London, whilst the Indian hubs will be based in Bengaluru and Gurugram. The talent needed […]
British luxury menswear retailer Gieves and Hawkes is up for sale, with liquidators keen to attract prospective buyers for the 250-year-old Savile Row brand. Advisers started formally soliciting bids this week, according to Bloomberg. This follows its parent company, Hong Kong-listed fashion group Trinity, falling into liquidation last year. It has reported that the sale […]
The railways will grind to a halt again on 27 July as staff stage another national strike in an ongoing dispute over pay, jobs and conditions. As many as 40,000 members of the Rail, Maritime and Transport (RMT) union at train companies and Network Rail will walk out for 24 hours on Wednesday 27 July, […]
Poor home insulation and greater car dependency means inflation is up to 30% higher in northern English cities than it is in London, according to a new report. The Centre for Cities thinktank said a study of cities in England and Wales showed the north-south cost of living divide was intensifying regional inequality. The report […]