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Ford plans to cut 4,000 jobs – including hundreds in UK
Ford has announced plans to cut 4,000 jobs across Europe – including 800 in the UK. The car manufacturer said the cuts were needed as part of plans to bolster its competitiveness amid the stuttering drive to an all-electric vehicle (EV) future that has hit sales. Ford said the cuts would take place over the …
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Another water company seeking to increase cost of bills announces profits worth millions
Another water company seeking to increase the cost of customer bills has reported increased profit and shareholder payouts.Severn Trent, the supplier to eight million people in Wales and the Midlands, booked £297.8m in pre-tax profit, £42.7m more than a year earlier. It wants to pay its shareholders 4.2% more than last year – 48.68 pence …
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Tesco recalls popular dip due to salmonella
Tesco is recalling its own-brand tzatziki dip because salmonella has been found in the product. The supermarket giant has issued a warning to customers who have purchased the Tesco Tzatziki Dip 200g dipping pots with a use-by date of 24 November 2024. It said the presence of salmonella was found in the product during routine testing. …
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Latest inflation data will be cause for concern for rate-setters
Inflation is rising faster than expected, with the headline rate hitting 2.3% in October, higher than the 2.2% forecast by economists and above the Bank of England’s 2% target.How worried should we be? These figures are a world away from the double-digit levels of inflation we experienced in 2022, when the index peaked at 11.1%.Money …
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Which prices are rising and falling fastest? Use our spending calculator to find out
Inflation jumped to 2.3% in October – a six-month high.A rise in household energy bills contributed to the higher-than-expected reading.Economists had forecast a figure to 2.2% after a three-year low of 1.7% in September.But how does all of this affect the cost of groceries, clothing and leisure activities? Use our calculator to find out. Which …
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First inflation rate increase in three months as energy bills rise
Inflation has risen by more than expected due to an increase in energy bills, according to official figures.It’s the first rise in the rate of price increases, as measured by the consumer prices index (CPI), for three months. The figure stood at 2.3% in October, according to the Office for National Statistics (ONS), above the …
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Sky News
‘Helping themselves like they own the place’: Stores warn of ‘out of control’ shoplifting surge
A woman casually walks into a convenience store and starts filling a bread crate with goods from one of the aisles. A shop assistant tries to stop her, but she shrugs him off, undeterred. With the crate now full of items, she leaves without paying. It is a scenario that is played out day in …
Business
Sky News
Bank of England governor backs big retail on budget jobs threat
The Bank of England governor has said industry lobby group the British Retail Consortium (BRC) was right to warn of job losses as a result of the budget.There is a “risk” of unemployment rising due to increases in employers’ national insurance contributions and minimum wage rises announced by Chancellor Rachel Reeves last month, Andrew Bailey …
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The £272 flat white: UK’s ‘most expensive coffee’ goes on sale to fund farm’s future
A Scottish farm has launched what it says is the UK’s most expensive coffee – a £272 flat white – as part of a fundraising drive to transform the business into a zero-waste dairy facility.Those that splurge out on the drink – consisting of espresso and steamed milk from Mossgiel Farm – will be given …
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Sky News
Three workers die in Hyundai car test in South Korea
Three workers died during a car test at a Hyundai factory complex in South Korea on Tuesday afternoon, police said. The three were found unconscious in a car while they were testing it in a “chamber” at the plant in the southeastern city of Ulsan, according to a union official. Two of the workers were Hyundai …
Business
Sky News
Harrods chief Ward to step down as chair of luxury goods group Walpole
The boss of Harrods is to step down next year from the group which represents Britain’s luxury goods industry – one of a number of roles he will have relinquished since allegations emerged about years of abuse perpetrated by the Knightsbridge department store’s former owner.Sky News has learnt that Michael Ward will hand over the …
Business
Sky News
Thousands of farmers descend on Downing Street to protest against tax changes after ‘betrayal’
Thousands of farmers from across the UK are gathering in central London in the biggest protest yet against the government’s changes to inheritance tax rules.The reforms, announced in last month’s budget, will mean farms worth over £1m will be subject to 20% inheritance tax from April 2026. Farmers say that will lead to land being …

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