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Euro News
Fujitsu apologises for its part in UK Post Office scandal
Business
Business Live
West Midlands economy ends 2023 with regained growth momentum – report
There was strengthening growth but rising price pressures across West Midlands businesses in December, according to new research. With sales prospects coming to fruition and demand conditions remaining resilient, new orders rose at the quickest pace in six months, NatWest said in its latest PMI report. Subsequently, there was a faster uptick in output and …
Business
Business Live
Devon care home sold off as owners retire
A care home in Devon has been sold for an undisclosed sum after the owners decided to retire. Marcus Lyward and Lorna Turner had run Court House – a care business for up to 33 elderly residents in Cullompton – since 2014. Following a confidential sales process, the property was purchased by Wade Newmark of …
Business
Evening Standard
UK wage growth falls sharply, raising hopes of interest rates cuts on horizon
Business
Sky News
Wage growth slows as latest unemployment figures released
Wage growth has slowed but still remains well above the rate of inflation while unemployment is unchanged, according to official figures.Average weekly wage growth, which excludes bonuses, eased to 6.6% in the three months to November, from 7.3% a month earlier, the Office for National Statistics (ONS) said. It means pay packets grew faster than …
Business
Sky News
Firm behind computer system at heart of Post Office scandal says it has ‘moral obligation’ to contribute to compensation for victims
The boss of Fujitsu has apologised for the Horizon scandal and said the company has a “moral obligation” to contribute to the compensation scheme for victims. Paul Patterson, director of Europe’s Fujitsu Services Limited, told a committee of MPs that he was sorry on behalf of the company, which developed the faulty IT software that …
Business
Sky News
Post Office boss admits money from Horizon victims may have gone into executive pay
Money wrongfully taken from victims of the Horizon scandal may have gone into the pay of Post Office executives, MPs have been told.Nick Read, chief executive of the Post Office, said the company has still “not got to the bottom of” what happened to the cash paid by sub-postmasters and sub-postmistresses in a bid to …
Business
Euro News
CEOs fear their companies won’t survive 10 years as challenge from AI grows, new survey finds
Business
Euro News
UK and Denmark launch Viking Link underwater cable project
Business
Sky News
As the rich come to Davos, there are fretful noises about what’s happening in Red Sea shipping lanes
This year’s World Economic Forum wasn’t supposed to be about the events in the Red Sea.When the conveners came to put it together – the 2024 edition of the annual shindig at Davos where plutocrats mingle with politicians and celebrities in the Swiss mountain village – they had plenty of other big issues on the …
Business
Sky News
Two more major supermarket chains cut price of baby formula
Asda and Tesco have joined Sainsbury’s and Iceland in reducing the cost of Aptamil baby formula.Asda also said it will let customers pay for baby formula using their rewards scheme vouchers for the first time. It comes amid a Competition and Markets Authority (CMA) investigation into formula products over fears they are particularly vulnerable to …
Business
Euro News
Lawmakers close in on deal to tackle football’s dirty money

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