Tesco raises store workers pay by 7 per cent February 20, 2023 Tesco, Britain’s biggest retailer, will raise hourly pay for about 220,000 store workers by 7 per cent from April – another increase that will likely catch the attention of the Bank of England, which is worried about inflationary pressure in the economy. The supermarket group, one of the country’s largest private sector employers, said a [...]
Going cold: Mercedes follows in Tesla’s footsteps and cuts EV prices in China November 16, 2022 Mercedes has followed in Tesla’s footsteps and cut the price of its electric vehicle (EV) models in China due to a slowing demand. The luxury car maker announced late on Tuesday the price of the EQE electric SUV would be cut by 9 per cent while the EQS model would be between 11 and 22 [...]
New Zealand PM Jacinda Ardern’s shock resignation: ‘I no longer have enough in the tank’ January 19, 2023 Jacinda Ardern has announced her shock resignation as New Zealand Prime Minister, saying she “no longer has enough in the tank” to do the role justice. Ardern on Thursday told reporters her last day would be no later than February 7. In an emotional speech at the New Zealand Labour party’s annual caucus meeting, the 42-year-old [...]
EU gas supplies in strong shape after winter of mass rationing April 20, 2023 The EU has emerged from winter with its energy supplies in robust shape, with storage levels above average and gas prices falling.
London still has hottest property prices in the UK, but house inflation in the capital is cooling January 18, 2023 London continues to have the highest house prices in the country, with the average UK house price increasing by more than 10 per cent in the year to November, according to new data released today. The latest figures from the Office for National Statistics (ONS) show that house prices went up across the nation by [...]
Asda owners explore £13bn merger with petrol business EG Group January 22, 2023 Asda’s owners are exploring merging the business with petrol forecourts business EG Group before EG’s 2025’s £7bn refinancing, The Times reported on Saturday. The two businesses are both jointly owned by Mohsin and Zuber Issa and private-equity company TDR Capital. The paper said the merger would create a business worth between £11bn and £13bn, with [...]
999 call handlers to strike on Thursday over BT pay row October 4, 2022 999 emergency call handlers are set to walk out for the first time this Thursday as the strike over pay for BT Group workers continues. Members of the Communication Workers Union – the union for BT workers – will be walking out on Thursday 6 October, with further strikes planned for Monday 10 , Thursday 20 and [...]
Interest rates tug of war may leave markets, and consumers, disappointed January 9, 2024 The path of the economy in 2024 will be defined by the trajectory of interest rates. But the question is, when will they be cut?
Firstgroup shares plunge five per cent following £142m pension charge November 23, 2023 Firstgroup's profits have jumped, but a large one-off charge has hit the company's share price this morning.
Musk sells $7bn worth of Tesla shares as Twitter battle heads to trial August 10, 2022 Elon Musk has sold nearly $7bn (£5.7bn) worth of Tesla shares as his battle with Twitter over his botched takeover heads to court. Musk, tech entrepreneur and the world’s richest man, will head to trial on 17 October. Musk had sold $8.5bn (£7bn) worth of Tesla shares in April, assuring shareholders that he was not [...]