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17.05.2022 - 09:51
Business
Business Live
Urban Splash joint venture job cuts – what does the law say?
The 160 employees who were made redundant after a modular housing joint venture between Urban Splash and a Japan-based giant entered administration last week may be entitled to compensation, a law firm has said. Employment law specialist Morrish Solicitors has said any staff who were cut by House by Urban Splash may be entitled to …
17.05.2022 - 09:38
Business
Business Live
The Valleys firm protecting millions of trees globally
A Valleys manufacturer of protective shelters for young trees globally has celebrated 35 years in business as it focuses on a new phase of expansion. Tubex opened its Aberdare factory in 1987 which has tripled in size since is estimated 150 million tonnes of CO2 has been sequestered globally by trees protected with recyclable Tubex …
17.05.2022 - 08:14
Business
Evening Standard
The multi billion pound Boris internet fund that has barely been touched
THREE years ago Boris Johnson unveiled a £5 billion fund that would get the fastest internet into rural locations and other hard to reach places, part of his levelling up strategy.Project Gigabit was going to get 100% broadband coverage by 2025.How much of this fund has been spent? According to telecom insiders: £0. Nothing. Nada.Government …
17.05.2022 - 07:45
Business
Evening Standard
Millions of workers seeing real terms pay fall ‘sharply’ as inflation bites
Millions of workers are seeing real terms pay fall “sharply” as soaring inflation bites, official figures revealed on Tuesday.They showed that growth in real regular pay (which excludes bonuses and adjusted to inflation) fell in January to March, compared to a year earlier, by 1.2 per cent.Strong bonuses meant that when they are included real …
17.05.2022 - 06:13
Business
Sky News
Price of women’s clothing increasing much faster than men’s – here’s why
Everyone in the UK is feeling the pinch from rising prices, but the pain is not being felt evenly.Women face larger price hikes than men in categories like clothing and toiletries, according to Sky News analysis of data from the Office for National Statistics (ONS).Womenswear prices have increased 37% over the last five years, while …
16.05.2022 - 17:18
Business
Sky News
Fall in real wages intensifies and jobless rate hits lowest level since 1974 as more seek work
Real wages have dropped by 1.2% as regular pay growth fails to keep up with soaring inflation, according to the latest official figures, suggesting the cost of living crisis may also be forcing the unemployed to seek out work at record levels.The Office for National Statistics (ONS) reported that the fall in regular pay, which …
16.05.2022 - 16:04
Business
Sky News
Bank of England governor warns of ‘apocalyptic’ food prices as he defends inflation policy
The governor of the Bank of England has warned of “apocalyptic” food prices, as he said there is nothing the Bank could have done to prevent soaring inflation.Andrew Bailey hit back at criticism that the Bank acted too slowly to tackle inflation, blaming a “bad situation” on the impact of the war in Ukraine and …
16.05.2022 - 15:00
Business
Sky News
Chelsea sale ‘at risk’ as ministers press Abramovich for fresh assurances over sale
The £4.25bn takeover of Chelsea Football Club has been thrown into fresh doubt amid a renewed impasse between owner Roman Abramovich and Whitehall over the deal’s terms.Sky News understands that government officials have doubts about whether a special licence needed to approve the sale will be issued before a deadline at the end of the …
16.05.2022 - 14:04
Business
Sky News
One in four people skipping meals over rising cost of living worries, poll for Sky News suggests
Rising bills have meant one in four people have resorted to skipping meals, according to a survey of more than 2,000 Britons.More than four in five are concerned about the rising cost of living in the coming months, according to the Ipsos poll conducted exclusively for Sky News. Data also show that slightly more people …
16.05.2022 - 11:44
Business
Sky News
McDonald’s to exit Russia and sell all of its restaurants due to Ukraine war
McDonald’s will sell all of its restaurants in Russia, making it one of the biggest global brands to exit the country after its invasion of Ukraine. The world’s biggest burger chain said that holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values”, citing the humanitarian crisis …
16.05.2022 - 10:39
Business
Sky News
Google sued for using the NHS data of 1.6 million Brits ‘without their knowledge or consent’
Google is being sued over its use of confidential medical records belonging to 1.6 million individuals in the UK.The company’s artificial intelligence arm, DeepMind, received the data in 2015 from the Royal Free NHS Trust in London for the purpose of testing a smartphone app called Streams. The claim is being brought by Andrew Prismall …
16.05.2022 - 10:30
Business
Euro News
Bitcoin slips back below $30,000 as European regulators renew crypto warnings after Terra Luna crash
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