Talktalk to axe hundreds of jobs in latest cost-cutting drive December 15, 2024 Talktalk is set to cut hundreds of jobs as it looks to boost its balance sheet after narrowly avoiding collapse earlier this year. The telecoms giant, which had 1,857 employees at the end of February, outlined plans to cut the roles in the “radical” restructuring in an update last week, according to The Telegraph. The [...]
Vince Cable warns against bid by the ‘Czech Sphinx’ for Royal Mail December 15, 2024 Former business secretary Vince Cable has warned the Government not to wave through the sale of the Royal Mail to Czech tycoon Daniel Kretinsky, citing his links to Russia and the high amount of debt involved. Cable was the architect of the privatisation of the postal service in 2013, overseeing a £3.3bn deal which led [...]
‘Incredibly sad’: Dame Sarah Storey opens up on Team GB star’s bankruptcy December 15, 2024 Sir Bradley Wiggins’ fall from trailblazing cycling hero to bankruptcy is a sad reminder of the financial struggles that many athletes face, says Dame Sarah Storey. Wiggins was declared bankrupt this year, little more than a decade after he became a household name by winning the Tour de France and a gold medal at the [...]
Water bills set to rise by a fifth as government calls for ‘complete reset’ of sector December 15, 2024 Water bills are set to rise by at least 21 per cent as the government slams a "failure of regulation and governance" within the sector.
Boohoo’s money troubles increase as bidder for London office walks away December 15, 2024 Boohoo has suffered another financial setback after an Israeli bidder pulled out of talks to buy its London office. The company was set to sell its Soho office for £60m to cover a looming debt repayment of £47m due in August 2025. The fast-fashion company bought the property for £72m in 2021. The news comes [...]
Trump hosts Apple chief at Mar-a-Lago as big tech leaders reach out December 14, 2024 Trump has said he has spoken with Apple chief Tim Cook about the company’s long-running tax battles with the European Union.
The Punter Podcast Episode 4: Cheltenham’s Christmas Meeting, Doncaster and Sha Tin December 13, 2024 Brought to you by It’s jingle all the way to Cheltenham and Doncaster this Saturday as Christmas draws in. Tom Marriott is joined by City A.M Racing Editor Bill Esdaile for his best bets on the seven ITV races, while trainer Josh Moore dials in to give the latest on his runners. Further afield, Hong [...]
Best cars of 2024 – From the new Aston Martin Vantage to the McLaren Artura Spider December 13, 2024 The car industry is facing strong headwinds, from import tariffs to mandated EV sales targets. Despite it all, though, 2024 has produced some genuinely exciting new cars, many of which we were lucky enough to drive. This isn’t a round-up of the ‘best’ cars of the year; many of the vehicles listed here are totally [...]
1 Undershaft: City approves Square Mile’s tallest tower December 13, 2024 The City of London has approved the planning application of 1 Undershaft, which upon completion, will be the tallest tower in the City while matching the Shard
Regulator set to limit card fees after Visa and Mastercard price hikes December 13, 2024 The UK’s payments regulator has confirmed plans to introduce price caps on card fees paid by British merchants when European consumers make online purchases, after Visa and Mastercard hiked prices post-Brexit. After proposing some restrictions a year ago, the Payment Systems Regulator (PSR) is moving ahead with a consultation to decide at what level they [...]