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Thousands of jobs to go at engineering giant Bosch
Bosch will cut up to 5,500 jobs as it struggles with slow electric vehicle sales and competition from Chinese imports.It is the latest blow to the European car industry after Volkswagen and Ford announced thousands of job cuts in the last month. Cheaper Chinese-made electric cars have made it trickier for European manufacturers to remain …
Business
Evening Standard
Thales denies allegations as fraud office launches probe into suspected bribery
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.Defence firm Thales has denied allegations related to an investigation by the UK’s Serious Fraud Office (SFO) and French authorities.The weapons manufacturer …
Business
Sky News
Cambridge college puts O2 arena lease up for sale
Cambridge University’s wealthiest college is putting the long-term lease of London’s O2 arena up for sale.Sky News has learnt that Trinity College has instructed property advisers to begin sounding out prospective investors about a deal. Trinity, which ranks among Britain’s biggest landowners, acquired the site in 2009 for a reported £24m.The O2, which shrugged off …
Business
Sky News
Man City lose latest battle with Premier League over financial rules
Manchester City have lost their latest battle with the Premier League over financial rules.At a meeting today the required 14 clubs backed changes to governing deals with companies linked to their ownerships after elements were found to be “unlawful” following a case brought by City. Sky News understands four clubs – City, Newcastle, Aston Villa …
Business
Sky News
Apax leads £500m battle to revive name of accountancy firm Smith & Williamson
Apax Partners is leading the race to buy the accountancy arm of Evelyn Partners – a move expected to revive one of the sector’s best-known names.Sky News has learnt that Apax and Bridgepoint are the two remaining contenders to buy the business, with a deal expected to be signed as soon as this weekend. City …
Business
Business Live
DFS flags better trading in recent months as new CFO announced
Furniture retailer DFS says improved trading has continued in recent months following a period of what it had called “exceptionally low demand”. A trading update from the brand said orders had improved since its 2024 year end in June, with growth over the first 20 weeks of its current financial year – in line with …
Business
Sky News
Surprise fall in retail sales amid budget fears
Budget fears and unseasonably warm weather led to consumers spending far less than expected last month, according to official figures. In a sign of a slowing economy, retail sales fell a sharp 0.7%, the Office for National Statistics (ONS) said. The fall was larger than expected. A drop of 0.3% was forecasted by economists polled …
Business
Sky News
Energy price cap rises again – with cost of bills expected to stay high for months
Gas and electricity bills will become even more expensive in January, as the energy regulator Ofgem ups the price cap.A typical yearly bill will be £1,738 from January, an increase of 1.2%. For bill payers, it means an extra £21 a year or around £1.75 a month.It’s another blow as falls in prices had originally …
Business
Sky News
‘The money wasn’t in our accounts because it didn’t exist’: Son’s anger after mum jailed in second Post Office scandal
At least eight convictions predating the Horizon Post Office scandal are being looked at by the body investigating potential miscarriages of justice, Sky News has learned.The Criminal Cases Review Commission (CCRC) has confirmed it is examining multiple cases of former sub-postmasters affected by Capture software. The computer accounting system was used in the early 1990s, …
Business
Sky News
Dozens of partners take early retirement from accountancy giant PwC
Dozens of partners at PricewaterhouseCoopers (PwC), Britain’s biggest accountancy firm, will next month take early retirement as its new boss takes steps to boost its performance.Sky News has learnt that PwC’s 1,030 UK partners were notified earlier this week that a larger-than-usual round of partner retirements would take place at the end of the year. …
Business
Evening Standard
Government borrowing hits higher-than-forecast £17.4bn in October
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.UK Government borrowing has surpassed forecasts on the back of soaring debt interest and recent public sector pay rises.Borrowing rose to £17.4 …
Business
Business Live
HMRC doubles amount it pays out in tax fraud tip-offs – but accountants say it needs to do more
HMRC has nearly doubled the amount it pays to informants, reaching a seven-year high. Freedom of Information data obtained by accountancy firm Price Bailey reveals that HMRC paid out almost £1m for tip-offs in 2023/24, a 92% increase from the £508,500 disbursed in 2022/23. The tax agency is actively working to reduce its £39.8bn tax …

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