Tesla forecasts ‘notably lower’ EV sales as Musk-run firm warns on China threat January 25, 2024 Tesla said it expects electric vehicle (EV) sales growth to come in "notably lower" this year despite its aggressive cost cutting strategy, amid a slowdown in demand.
UK public services struggling despite near 70-year tax high, report warns February 23, 2023 UK public services can no longer match people’s expectations despite the tax burden being on course to hit a 70-year high, a think tank report has warned. Government decisions to date have done “little to shift the dial,” the Institute for Government (IfG) and CIPFA warned today in their latest performance tracker on the state-run [...]
Virgin Money to shut 39 bank branches with 255 staff facing redundancy July 20, 2023 Virgin Money is to shut almost a third of its bank branches, with 255 workers facing potential redundancy. The high street banking business said it will shut 39 local banks due to changing customer demand, which has seen fewer people go into banks in favour of online services. The sites affected have seen the number [...]
Gogglebox nation: How many hours do Brits spend watching TV? November 9, 2023 Brits spend over two hours watching television everyday and are sleeping more than they did during the pandemic, according to new figures.
Young people turning to Tiktok for financial advice as FCA weeds out bad actors October 8, 2023 Young people are increasingly turning to social media sites, such as Instagram and Tiktok, for financial advice, a new survey has revealed.
Crisis-hit LME hires ex-London Stock Exchange chief to manage clearing house July 5, 2023 LME Clear has turned to a former London Stock Exchange chief executive as it scrambles to restore investor confidence.
KPMG to bolster legal services offering through deal with Zico Law December 1, 2022 KPMG has struck a deal to incorporate one of South East Asia’s biggest law firms, Zico Law, into its global partnership. The deal will see Zico Law’s more than 275 lawyers join KPMG’s 2,900-strong legal team. The merger is set to expand KPMG’s footprint in the Asia Pacific region, by extending its legal services offerings [...]
Storm in a spinning teacup: Butlin’s sues Aviva over definition of flooding April 28, 2024 Butlin's is suing Aviva over the definition of a storm, after serious flooding forced it to shut its largest resort.
Mulberry blames tourist tax and slowdown in luxury demand for falling sales January 17, 2024 British fashion house Mulberry has blamed a slowdown in demand for luxury spending for a nine per cent decline in sales over the golden quarter.
There’s no sugar for spending cuts, but we must avoid the salami slicer November 17, 2022 Later today, the UK’s chief financial officer, Jeremy Hunt, will share his plans to balance the books and keep the UK solvent or, at least, investable. Managers everywhere will find this relatable. Most of us have needed to reduce costs, whilst keeping the show on the road, during recent years of pandemic, followed by this [...]