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Sky News
Ford plans to cut 4,000 jobs – including hundreds in UK
Ford has announced plans to cut 4,000 jobs across Europe – including 800 in the UK. The car manufacturer said the cuts were needed as part of plans to bolster its competitiveness amid the stuttering drive to an all-electric vehicle (EV) future that has hit sales. Ford said the cuts would take place over the …
Business
Sky News
Another water company seeking to increase cost of bills announces profits worth millions
Another water company seeking to increase the cost of customer bills has reported increased profit and shareholder payouts.Severn Trent, the supplier to eight million people in Wales and the Midlands, booked £297.8m in pre-tax profit, £42.7m more than a year earlier. It wants to pay its shareholders 4.2% more than last year – 48.68 pence …
Business
Sky News
Tesco recalls popular dip due to salmonella
Tesco is recalling its own-brand tzatziki dip because salmonella has been found in the product. The supermarket giant has issued a warning to customers who have purchased the Tesco Tzatziki Dip 200g dipping pots with a use-by date of 24 November 2024. It said the presence of salmonella was found in the product during routine testing. …
Business
Business Live
Inflation hits 2.3% in October, driven by higher energy bills and housing costs
Inflation has once again surpassed the Bank of England’s two per cent target, according to the most recent data released today. The Office for National Statistics (ONS) reports that consumer price inflation (CPI) reached 2.3 per cent in October, exceeding economists’ predictions. Experts had anticipated a CPI of 2.2 per cent, a rise from September’s …
Business
Evening Standard
Lidl boss: Retailers are ‘reeling’ amid hit from Budget tax hikes
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.The boss of Lidl has said retailers are “reeling” from autumn Budget tax increases, which he said will add to inflationary pressures …
Business
Sky News
Latest inflation data will be cause for concern for rate-setters
Inflation is rising faster than expected, with the headline rate hitting 2.3% in October, higher than the 2.2% forecast by economists and above the Bank of England’s 2% target.How worried should we be? These figures are a world away from the double-digit levels of inflation we experienced in 2022, when the index peaked at 11.1%.Money …
Business
Sky News
Which prices are rising and falling fastest? Use our spending calculator to find out
Inflation jumped to 2.3% in October – a six-month high.A rise in household energy bills contributed to the higher-than-expected reading.Economists had forecast a figure to 2.2% after a three-year low of 1.7% in September.But how does all of this affect the cost of groceries, clothing and leisure activities? Use our calculator to find out. Which …
Business
Sky News
First inflation rate increase in three months as energy bills rise
Inflation has risen by more than expected due to an increase in energy bills, according to official figures.It’s the first rise in the rate of price increases, as measured by the consumer prices index (CPI), for three months. The figure stood at 2.3% in October, according to the Office for National Statistics (ONS), above the …
Business
Sky News
‘Helping themselves like they own the place’: Stores warn of ‘out of control’ shoplifting surge
A woman casually walks into a convenience store and starts filling a bread crate with goods from one of the aisles. A shop assistant tries to stop her, but she shrugs him off, undeterred. With the crate now full of items, she leaves without paying. It is a scenario that is played out day in …
Business
Sky News
Bank of England governor backs big retail on budget jobs threat
The Bank of England governor has said industry lobby group the British Retail Consortium (BRC) was right to warn of job losses as a result of the budget.There is a “risk” of unemployment rising due to increases in employers’ national insurance contributions and minimum wage rises announced by Chancellor Rachel Reeves last month, Andrew Bailey …
Business
Business Live
Informa forecasts robust year-end results, buoyed by strategic growth in India and the Middle East
Informa, the events and digital services giant, has announced that it is on track to meet its full-year guidance, with growth fuelled by its strong presence in India and the Middle East. The FTSE 100 company anticipates hitting its already upgraded full-year guidance of over £3.5bn in revenue and £975m in adjusted operating profit, with …
Business
Sky News
The £272 flat white: UK’s ‘most expensive coffee’ goes on sale to fund farm’s future
A Scottish farm has launched what it says is the UK’s most expensive coffee – a £272 flat white – as part of a fundraising drive to transform the business into a zero-waste dairy facility.Those that splurge out on the drink – consisting of espresso and steamed milk from Mossgiel Farm – will be given …

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