Latest Stories All Stories

Business
Evening Standard
Amigo Loans swerves £73 million fine due to ‘financial hardship’
The scale of misconduct by Amigo Loans was laid bare today after the Financial Conduct Authority said it would have imposed a £73 million fine, were it not for the poor financial state the subprime lender was in.It follows a months-long investigation by the watchdog, which found the firm had poorly-designed IT systems with flaws …
Business
Business Live
Welsh energy intensive firms awarded £5.5m UK grant funding to cut carbon emissions
Two energy intensive businesses in south Wales have been £5.5m in UK Government grant funding to help cut their carbon emissions and energy costs. Food processor Dunbia in Carmarthenshire and Celsa Steel UK in Cardiff have received financial support as part of a wider £12.4m Industrial Energy Transformation Fund (IETF). Dunbia, one of the largest …
Business
Evening Standard
Trading platform Plus500’s profits grow as pandemic-era day traders stick around
Trading platform Plus500’s profits grew to $453.8 million (£372.6 million), as pandemic-era day traders stuck around in 2022.Plus500 noted that this figure was “well ahead” of consensus estimates from the start of the year.Revenue came to $832.6 million, up 16% from the previous yearThe growth was largely due to customers who signed up during the …
Business
Business Live
Exeter Airport creates 25 jobs as it looks to continue pandemic rebound
Exeter Airport has launched a recruitment drive for 25 newly created jobs in anticipation of a busy summer season, as it looks to continue to rebound from the pandemic. The transport hub said it was expecting to handle 450,000 passengers this year, connecting them directly with 26 destinations including new routes to Faro in Portugal …
Business
Business Live
Online retailer Very to use AI to help customers find new products
Online retailer Very is to use artificial intelligence (AI) to help customers find new products. The Liverpool-headquartered company has teamed up with US-based tech platform Constructor on the project. Very will introduce new search, browse and autosuggest tools across its website and app which use AI, natural language processing, machine learning and data to learn …
Business
Evening Standard
Paddy Power owner Flutter considers US listing as focus increasingly shifts across Atlantic
Paddy Power and Sky Bet parent company Flutter Entertainment will consult its shareholders on a possible US listing, as it continues to increase its focus on the American sports betting market.The US has been a resounding success for Flutter in recent years. The Paddy Power owner acquired fantasy sports platform FanDuel for $158 million in …
Business
Evening Standard
Unemployment rate unchanged as students and older people return to work
The UK’s unemployment rate has remained unchanged despite Britain’s economy flatlining as a wave of people returned to work, official figures show.The Office for National Statistics (ONS) said the rate of UK unemployment was 3.7% in the three months to December, the same rate that was recorded in the three months to November.However, it had …
Business
Evening Standard
Ford slashing 3,800 jobs in Europe including 1,300 in the UK
Car giant Ford has said it is cutting 1,300 jobs in the UK over the next two years as part of an overhaul.The major restructuring programme will see the carmaker cut 3,800 jobs overall across Europe.The firm is cutting back on development staff as it faces an uncertain economic future and prepares for the transition …
Business
Sky News
Ford to cut 1,300 jobs in UK
Ford has announced 1,300 jobs are being cut from its UK business as part of a Europe-wide overhaul of the carmaker.The majority of the UK losses will be at the Ford site in Dunton, Essex – its UK headquarters and technical centre. Up to 1,000 jobs are to be axed at the location with the …
Business
Sky News
We asked a dating expert to judge a chatbot’s chat-up lines
Dating apps are not my strong point.For anyone out there loathing the prospect of spending Valentine’s Day stuck for things to say on Hinge, Bumble and the like, I wondered if the internet’s new favourite assistant – ChatGPT – could help secure a date. After all, it’s already written complex computer code, crafted successful job …
Business
Sky News
Lilt drink brand axed after nearly 50 years
Lilt is being axed after nearly 50 years and will be rebranded as Fanta Pineapple and Grapefruit.The drink is famous for offering a “totally tropical taste”, with one well-known 1988 advert showing the “Lilt man” delivering cans on a sun-kissed beach. “The Lilt ladies”, played by two Jamaican women, became the face of the brand …
Business
Sky News
Long-running bus drivers’ dispute ends after 18% pay deal
Around 1,800 London bus drivers have accepted a pay increase, worth 18% to many, to end a long-running dispute that involved more than 20 days of strike action.The Unite union, which represents the drivers employed by Abellio, said those with over two years’ service would get £18 per hour. It equated to an 18% hike …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources