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Barclays axes 5,000 jobs globally in cost-cutting drive
Barclays is in the process of removing 5,000 roles from its global workforce as part of a renewed push by executives to slash costs and improve the bank’s profitability.Sky News has learnt that a total of roughly 5,000 jobs were shed from the British bank’s 84,000-strong ranks during 2023, with about a quarter of the …
Business
Euro News
Elon Musk’s alleged drug use puts 13,000 jobs at risk, report suggests
Business
Euro News
Boeing shares plummet after plane window blowout
Business
Euro News
Rolls-Royce sees record sales as demand for all-electric car grows
Business
Evening Standard
Online trading firms lift guidance as market conditions improve
Business
Business Live
Construction firm Beard appoints new non-executive director
South West construction firm Beard has appointed a new non-executive director. Alison Cox joins the 130-year-old company, which is headquartered in Swindon, bringing with her more than two decades of experience from across the construction sector. Ms Cox is best known for her time at Sir Robert McAlpine, having been an engineer, project manager and …
Business
Sky News
Energy suppliers allowed to resume forced installation of prepayment meters
The energy regulator has warned suppliers over their conduct as a temporary ban on the forced installation of prepayment meters ends.Ofgem said on Monday that it was allowing EDF, Octopus and Scottish Power to resume “involuntary” ‘Pay as you Go’ meter installations. That was because the three firms had met conditions to restart the controversial …
Business
Euro News
Evergrande’s EV company says police have detained one of its top executives
Business
Sky News
New all-electric Spectre helps Rolls-Royce Motor Cars to another ‘record year’
Rolls-Royce Motor Cars has reported another year of record sales, bolstered by a recovery in China and the launch of its new all-electric Spectre model.The Goodwood-based firm, which is owned by BMW, said 6,032 vehicles were delivered to customers in 2023 – a slight uptick on the previous 12 months. The performance was driven, the …
Business
Sky News
Alaska Airlines plane had pressurisation warnings before mid-air blowout
Pilots had reported pressurisation warnings on three earlier flights of the same plane involved in a mid-air blowout, investigators have said.Alaska Airlines was forced to perform an emergency landing on Friday after a door plug was torn off of the Boeing 737 Max 9 plane flying 171 passengers from Portland in Oregon, to Ontario in …
Business
Sky News
Sunak pledges to ‘do everything we can to make it right’ after Post Office Horizon scandal
Rishi Sunak says the government “should do everything we can” to make the Post Office Horizon scandal right.He said that ministers are meeting today to discuss the issue. Justice Secretary Alex Chalk and postal minister Kevin Hollinrake will discuss the scandal in the wake of renewed scrutiny following the ITV drama Mr Bates Vs The …
Business
Sky News
Music streaming service SoundCloud tunes up for sale
The owners of SoundCloud, one of the world’s largest music streaming services, are preparing for a sale that could fetch in excess of $1bn.Sky News has learnt that Raine Group and Temasek Holdings, the Singaporean state investment fund, have begun interviewing investment banks about a prospective auction of the company. Founded in 2007, SoundCloud provides …

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