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Evening Standard
Credit Suisse warns of trading slowdown and legal costs
CREDIT Suisse, the Swiss bank reeling from the sudden departure of chairman Antonio Horta-Osorio, issued a profit warning today related to legal costs.It will barely break even for the fourth quarter after setting aside 500 million Swiss francs (£400 million).The bank said: “These litigation provisions have been incurred in respect of a number of cases …
Business
Sky News
Wolseley restaurant-owners line up Knighthead in battle with Thais
The restaurateurs behind some of London’s landmark dining outlets are lining up financial backing from a US-based fund that placed one of the most pandemic’s most lucrative bets by investing in Hertz, the car rental provider.Sky News has learnt that Knighthead Capital Management is in talks with Corbin & King about providing tens of millions …
Business
Sky News
IMF urges ‘targeted support’ for UK households hit by cost of living surge
The International Monetary Fund has urged Britain to offer “targeted support” for struggling households facing a cost of living surge. Gita Gopinath, the fund’s deputy managing director, backed the idea of government help for the most vulnerable as they face inflation at a near-30 year high amid soaring household bills. She also warned of the …
Business
Business Live
Airbus strike ballot opens today in pay dispute involving 3,000 workers
Workers at Airbus’ factories in Broughton in North Wales and Filton in South West England have begun balloting for industrial action in a dispute over pay. Last week Business Live reported that around 3,000 workers had turned down a pay offer from the aerospace giant and were to ballot on industrial action. Neither party is …
Business
Business Live
Manchester United and UA92 team up to boost job opportunities
Manchester United have announced an education and employment partnership with University Academy 92 (UA92). They are to work together to provide work experience and mentoring opportunities, with the club’s staff also delivering guest lectures and curriculum guidance to help prepare the students for future employment. The Premier League club have said they see the partnership …
Business
Euro News
Ankorstore: How Europe’s anti-Amazon online marketplace is shaping the shopping of the future
Business
Sky News
Marmite maker Unilever cutting 1,500 jobs as part of massive shake-up
Consumer goods giant Unilever has confirmed plans to cut 1,500 jobs under a shake-up of its global operations. The maker of Dove soap and Marmite, which made the announcement after details were apparently leaked on Monday evening, said the cuts to senior and junior management roles were the result of a new, simpler organisational structure. …
Business
Business Live
New jobs and growth eyed by canned cocktails and wines brand sold by Ocado, Amazon and Morrisons
A producer of canned cocktails and wines founded by a husband and wife team has secured the backing of more than 100 investors as it prepares to expand and create jobs. Sipful, which is based in Kirkby Lonsdale, Cumbia, has so far raised over £134,100 through 126 investors on Seedrs. The company was established by …
Business
Evening Standard
Government borrows less than expected in December as Rishi Sunak gets room on tax rises
THE government borrowed nearly £17 billion in December to support the economy as Omicron hit – less than expected suggesting UK finances are in better shape than feared.However, higher inflation sent interest rate payments to £8.1 billion, up from £5.4 billion the same month a year ago.A chunk of those payments go to the Bank …
Business
Business Live
Expanding Northcoders hails results and new partners Wren Kitchens and Sky Betting & Gaming
Manchester-headquartered Northcoders has hailed the “strong result” it achieved in 2021 as it continues to expand further across the country. The provider of training programmes for software coding, which floated on AIM last year, said its underlying performance was in line with expectations while its non-underlying costs are due to be lower that initial estimations. …
Business
Sky News
Royal Mail to cut 700 jobs after Christmas deliveries hit by Omicron disruption
Royal Mail has announced plans to cut 700 managerial jobs in a bid to cut costs after a tough Christmas season disrupted by the Omicron variant.The company said it was engaging with its unions on the proposal which, it added, would hopefully be achieved through “natural turnover, redeployment and voluntary redundancy”. The cuts come on …
Business
Business Live
Former Wrexham Wire factory set to reopen under new manufacturer
The former Wrexham Wire factory that closed in 2020 is to reopen under a new manufacturer. When the Wrexham Industrial Estate site closed around 80 workers lost their jobs but Prime Property Consultancy (PPC) later acquired the factory and premises on Ash Road North – and started a £2m refurbishment programme The project was named …

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