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Wednesday, January 31, 2024

Fed holds interest rates at a 23-year high

The bank says it wants confidence about inflation cooling before it starts cutting rates.

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Boeing chief admits 'serious challenge' ahead

The firm updates investors for the first time since the Alaska Airlines blowout.

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H&M chief quits amidst sales slowdown

The fast fashion firm saw slower sales recently, despite what is usually a busy Christmas period for retailers.

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Halifax: First-time buyers are joining forces to buy properties

New research by Halifax also shows that first-time buyers put an average deposit of £53,414 down last year.

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Tuesday, January 30, 2024

Number of companies going bust hits 30-year high

More than 25,000 firms went under last year in England and Wales, as they struggled with rising costs.

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UPS to cut 12,000 jobs after 'disappointing' year

The parcel delivery giant said it was looking for $1bn in savings, as AI makes up for the jobs.

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IMF warns UK government against further tax cuts

The International Monetary Fund suggests planned spending cuts for this year are unrealistic.

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Rishi Sunak disappointed new rail strike law not used, says No 10

Train operators are not enforcing minimum service levels to ease the impact of upcoming strikes.

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Monday, January 29, 2024

Lloyds to end mobile banking van service

The facility, which sees vans visiting towns and cities across the UK, will end in May.

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Channel 4 braces itself for more than 200 job cuts

The broadcaster said the TV industry was reeling from the worst advertising downturn since 2008.

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Superdry eyes cost cuts after store closure reports

The fashion chain, which has seen sales slump, says it is exploring "material cost saving options".

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Ryanair trims profit forecast after online travel agent row

The airline reduced its fares in December after sites including Booking.com suddenly removed its flights.

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Sunday, January 28, 2024

Post Office scandal explained: What the Horizon saga is all about

Hundreds of sub-postmasters were wrongly convicted based on evidence from faulty IT software.

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Saturday, January 27, 2024

Cuddly toy sellers chase an unlikely audience: 'Kidults'

Toy and games sales fell last year as family finances were stretched but one group is bucking the trend.

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Post Office chairman Henry Staunton steps down

The government says the decision was made with mutual consent - but the Post Office says he was asked to go.

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John Lewis planning major workforce cuts over five years

As much as 10% of the group's workforce could go in the next five years, according to reports.

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Friday, January 26, 2024

UK-Canada trade rift: What it means for cheese, beef and cars

A pause in talks could mean tougher trading terms for the UK - but what will the impact be on consumers?

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Ex-Tory peer Michelle Mone's assets frozen

A spokesperson for Baroness Mone said it was "deplorable" private matters were being conducted in public.

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Post Office Inquiry: Four former sub-postmistresses from Northern Ireland attending

Four women are hearing evidence from a former investigator who was involved in their cases.

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Thursday, January 25, 2024

Palworld: Pokémon Company to investigate copying claims

The people behind Pikachu and friends finally comment on the wildly successful "Pokémon with guns".

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Asda to go cashless at 82 more supermarket forecourts

More sites are to be converted to card-only, unmanned operations with staff redeployed to stores.

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Wednesday, January 24, 2024

HS2: Mayors to meet minister about alternatives

West Midlands mayor Andy Street said the plan could involve a dedicated line between the cities.

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Boeing boss faces Washington grilling after blow-out

A whistleblower calls Boeing manufacturing a "rambling, shambling, disaster waiting to happen".

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Billionaire Joe Lewis pleads guilty to insider trading

One of the UK's richest people admitted his role in a scheme which netted millions.

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Post Office investigator says cleared sub-postmaster was guilty

Raymond Grant told the inquiry he still thought the branch manager he investigated had stolen money.

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Tuesday, January 23, 2024

Mr Kipling owner Premier Foods planning further price cuts

Premier Foods, which also owns the Bisto and Loyd Grossman brands, plans price cuts to more products.

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Badenoch blames Biden for missing post-Brexit trade targets

The Business Secretary claims the UK failed to reach post-Brexit pledges when US leadership changed.

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Amazon fined for 'excessive' surveillance of workers

The online retail giant was found to be keeping detailed data on employee working patterns.

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Monday, January 22, 2024

Energy prices predicted to fall by 16% in April

Domestic gas and electricity bills are expected to drop sharply just as the better weather arrives.

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Sony calls off merger with India media giant Zee

Zee considers legal action after Sony ends the planned $10bn merger of the firms' Indian operations.

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Sunday, January 21, 2024

Start-ups frustrated by HMRC's 'slowness and lack of communication'

Delays and a lack of communication from the tax authority are holding back new businesses, a group says.

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I'm working but homeless and bottom of the housing list

A working father finds himself "sofa surfing" amid social housing shortages in Scotland's biggest city.

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Tesco tech hitch leaves deliveries in 'shambles'

It is thought thousands of customers were left without their orders due to technical problems.

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Supermarket favourites victims of shrinkflation, consumer group Which? says

From tea bags to crisps, supermarket staples are getting smaller, consumer group Which? says.

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Saturday, January 20, 2024

Red Sea 'scary' for ships' crews, says captain

The captain of a vessel in the Red Sea shares his concerns about the Houthi attacks on shipping.

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Royal Mail: Scrapping Saturday post among Ofcom options for reform

Royal Mail has previously said it wants to deliver five days a week, from Monday to Friday only.

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Friday, January 19, 2024

US home sales see worst year since 1995

The number of homes sold dropped to the lowest in nearly three decades, as prices continued to climb.

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Post Office inquiry: Fujitsu boss says editing of evidence 'shameful'

He spoke to the Post Office inquiry about evidence of software bugs being edited out of witness statements.

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British Gas boss Chris O'Shea: 'I can't justify my pay of £4.5m'

Chris O'Shea, chief executive of Centrica, says he does not set his own pay but it is impossible to justify.

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Thursday, January 18, 2024

Japan Airlines appoints ex-flight attendant as first female president

Mitsuko Tottori joined the flag carrier as a flight attendant in 1985, before working her way up.

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Planning protection ends on scrapped HS2 route

The land earmarked for the project's axed second phase may now be used for other development.

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Sainsbury's plans to wind down bank as it focuses on food

The retailer plans a "phased withdrawal" but says its 1.9m bank customers will see no immediate change.

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Fujitsu rules itself out of public contract bids during Post Office inquiry

The firm is part of an inquiry into how hundreds of Post Office managers were wrongly prosecuted.

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Wednesday, January 17, 2024

Tata Steel: Workers braced for bad news on job losses

Tata Steel is expected to reveal whether it will proceed with plans to axe up to 3,000 jobs.

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Boeing groundings continue as FAA inspections proceed

US authorities have inspected 40 Boeing 737 Max 9 planes, grounded after a mid-flight blowout.

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Wizz Air pays out £1.2m over disrupted flights

The low-cost airline had to compensate some 6,000 customers after reviewing thousands of complaints.

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Tuesday, January 16, 2024

Fuel prices: Retailers must share updates within 30 minutes

Retailers will have to share pump price changes in near real-time under new government plans.

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LNER: Train fares simplified in bid to boost passenger numbers

LNER is simplifying train tickets on the East Coast Main Line in a two-year trial from 5 February.

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Monday, January 15, 2024

Man charged over plot to disrupt London Stock Exchange

Activists had been planning to "lock on" to the building to stop it from opening, police said.

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Pothole reports hit a five-year high in 2023

Climate change will worsen potholes but scientists hope new technology will help make them a thing of the past.

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Sunday, January 14, 2024

AI to hit 40% of jobs and worsen inequality, IMF says

Policymakers should address the "troubling trend", says the organisation's managing director Kristalina Georgieva.

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Six held over plot to disrupt London Stock Exchange

Police said the arrests were made in London, Liverpool and Brighton over a "disruptive and damaging stunt".

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What are cold weather payments and how much are they worth?

Cold weather payments are available to some people after seven days of below-zero temperatures.

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Saturday, January 13, 2024

Boeing's commitment to safety in the spotlight

After a door plug blew off one of its planes, questions are being asked about how seriously Boeing undertakes safety.

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Fujitsu Japan remains tight-lipped on the Post Office scandal

In Fujitsu's home market, hardly anyone had heard of the Horizon scandal until this week.

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Friday, January 12, 2024

Citigroup plans 20,000 job cuts over two years

The reductions are part of a sweeping reorganisation, and equal about 10% of the bank's global workforce.

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Fujitsu won Foreign Office contract despite concerns

The firm at the heart of the Post Office IT scandal is in the spotlight over government contracts.

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Boeing: US regulator to increase oversight of firm after blowout

Air regulators are also reviewing the decision to delegate some quality reviewing to Boeing.

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What do Red Sea assaults mean for global trade?

Supply chains face disruption due to vessels diverting away from the key shipping route.

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Thursday, January 11, 2024

US inflation picks up more than expected in December

Consumer prices rose by 3.4% as Americans paid more for housing and car insurance.

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Google's billions make job cuts 'needless' - union

The Alphabet Workers Union criticises the tech giant for axing hundreds of jobs despite vast earnings.

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US says it won't be rushed on clearing grounded Boeing planes

The US government declines to say when Boeing's 737 Max 9 can fly again after a mid-air blowout.

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Wednesday, January 10, 2024

HS2 to Birmingham may cost £65bn, railway boss says

Sir Jonathan Thompson says inflation has added up to £10bn to cost of London to Birmingham stretch.

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Pennon Group buys Sutton East Surrey Water for £380m

Pennon Group, owners of South West Water is expanding its footing in southern England.

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Sainsbury's sells record pigs in blankets and mince pies

Festive food sales helped boost the supermarket giant over the Christmas period.

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Tuesday, January 9, 2024

Global economy set for weakest growth since pandemic, warns World Bank

Concerns over interest rates and Middle East mean the World Bank expects growth of just 2.4% in 2024.

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Mortgages: Barclays and Santander cut rates as competition intensifies

Two big lenders cut their mortgage rates as the battle for those seeking a new deal continues.

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EDF Energy aims to extend life of UK nuclear plants

The French state-owned firm's plans are subject to approvals by regulators in the UK.

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Monday, January 8, 2024

Tiger Woods and Nike end 27-year partnership

Woods, who was first sponsored by Nike in 1996, thanked the company on social media on Tuesday.

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Boeing shares stumble after mid-flight blowout

Boeing shares fell more than 8% at one point while shares in its supplier Spirit Aerosystems dropped 13%.

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Bet365 boss Denise Coates sees pay jump to £221m

The firm's founder has earned more than £1bn over four years but campaigners say it is not "fair"

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Energy firms allowed to restart force-fitting meters

Regulator Ofgem has given three companies permission to force-fit prepayment meters in homes.

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Sunday, January 7, 2024

Post Office scandal: What the Horizon saga is all about

The background to the cases of sub-postmasters whose convictions were based on evidence from faulty IT.

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London Tube strikes called off as more pay talks planned

Little or no service was expected on London Underground until Friday morning.

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Boeing's mid-flight blowout a big problem for company

The Alaska Airlines incident could have been much worse, but is still a major issue for the US plane-maker.

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Post Office scandal: Rishi Sunak considers measures to clear all victims

The justice secretary is looking into steps to help hundreds of wrongly convicted sub-postmasters.

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Flights cancelled as regulator grounds Boeing 737 Max 9s over blowout

The US aviation regulator grounds 737 Max 9s to conduct urgent checks after the incident in Oregon.

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Saturday, January 6, 2024

FAA grounds 171 Boeing planes after mid-air blowout on Alaska Airlines jet

It comes after part of the fuselage of an Alaska Airlines Boeing 737 Max 9 fell off, forcing an emergency landing.

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Friday, January 5, 2024

Tesla recalls more than 1.6 million cars in China over steering software issues

The issues with assisted driving functions and door-locking systems will be fixed by remote updates.

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Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy

The troubled firm reportedly told investors in November its liabilities had outstripped its assets.

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Sir Howard Davies: Not that difficult to buy a home, says NatWest chair

Sir Howard Davies says there are "dangers" in people having easy access to mortgage credit.

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Thursday, January 4, 2024

Sainsbury’s increases pay as supermarkets battle for staff

About 120,000 staff at the supermarket will see their wages increase by more than 9% from March.

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JD Sports shares plunge 20% after profit warning

The sports retailer says promotions and price discounts hit its revenues in the run-up to Christmas.

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Microsoft announces AI key on Windows 11 PCs

The new keyboard will introduce a Copilot key which accesses AI capabilities on Windows 11.

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Average mortgage rate lowest for nearly seven months

Major lenders have started the year with rate cuts and brokers expect more to follow suit.

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Wednesday, January 3, 2024

A restless Gen Z is reshaping the Chinese Dream

Millions of young Chinese face an uncertain future in the world's second-largest economy.

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Ryanair hits out at Booking.com over flight cuts

The airline says sites including Booking.com, Kiwi and Kayak suddenly removed its flights in December.

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Tetris: US teenager claims to be first to beat video game

Willis Gibson posted a video on YouTube of the moment he reached level 157, causing the game to crash.

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Lenders cut mortgage rates to ease borrowers' pain

After the UK's biggest lender reduces rates on new fixed deals, other providers are expected to follow suit.

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Tuesday, January 2, 2024

Red Sea attacks could push up prices, UK firms warn

Business leaders say attacks on shipping vessels could cause delays and price rises for UK shoppers.

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CTS cyber-attack: Disruption to home sales now over

Services from CTS have been restored, but homebuyers who were affected can complain to an ombudsman.

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Aldi and Lidl hail Christmas boost from bargain hunters

The discount supermarkets say they were helped by shoppers looking to cut the cost of celebrations.

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Monday, January 1, 2024

Will hotter heat pumps win over homeowners?

Could a new generation of heat pumps overcome British fears that they can't heat a home.

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Post Office scandal TV drama 'like a dream' say victims

Horizon victims hope a new mini-series will give their story the "oxygen it deserves".

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Period pants could get cheaper after VAT is removed

Shoppers will no longer pay VAT on period pants following a campaign by charities and retailers.

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Disney's earliest Mickey and Minnie Mouse enter public domain as US copyright expires

Disney's copyright on the earliest version of the cartoon characters expires in the US on 1 January.

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'I'm trapped in a joint mortgage with my abuser'

An abuse survivor describes her ordeal as a charity calls for action to tackle financial abuse. from BBC News https://ift.tt/bWL1OrA