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Admiral proposes cutting 500 jobs in UK insurance business
Admiral has proposed cutting about 500 jobs from its UK insurance operation, a reduction affecting roughly 5% of its workforce.
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Paramount settles US states lawsuit over $110bn Warner Bros merger
Paramount has reached a settlement with US states that had challenged its proposed $110bn merger with Warner Bros, helping remove a legal obstacle to...
Business
Warren Buffett steps down after six decades leading Berkshire Hathaway
Warren Buffett has stepped down from Berkshire Hathaway after taking control of the company in 1965 and transforming it from a struggling textile mill...
Business
Michael O’Leary apologises for ‘high-fare rapists’ remark
Ryanair chief executive Michael O’Leary has apologised for using the phrase “high-fare rapists”, describing his choice of language as careless and say...
Business
Businesses in Canada and US fear losses as import taxes rise
Businesses in Canada and the United States are facing growing uncertainty as reciprocal import taxes increase, with some owners warning that a prolong...
Business
Shein shares fall during Hong Kong stock market debut
Shein’s shares fell as the online fashion company began trading in Hong Kong, following a years-long effort to list shares in New York and London.
Business
More than 600 companies found to have underpaid workers, government says
More than 600 companies underpaid staff below the minimum wage, according to the government, with £4 million returned to affected workers. B&Q and Fiv...
Business
Shetland spaceport secures £30m in UK government investment
The SaxaVord spaceport project on the Shetland island of Unst has received £30m in investment from the UK Government, as companies consider the site f...
Business
Complaints about water firms rise 84% amid bill increases
Complaints made to a watchdog about water companies have increased by 84%, with affordability a major concern after customers faced steep rises in the...
Business
BrewDog workers to receive nothing after takeover deal
Administrators say BrewDog staff are owed about £489,000 in wages and holiday pay but will receive no payment following the company’s takeover. The bu...
Business
Burnham urges culture shift in how UK does business
Burnham has said government should support people who take business risks, while facing criticism over rising costs for firms.
Business
UK economy grew by 0.4% in July, official figures show
The UK economy expanded by 0.4% in July, outperforming economists’ expectations that there would be no growth, according to official figures.
Business
Primark set to launch home delivery service
Primark is preparing to introduce home deliveries, marking a further move into online retail four years after its first step into internet shopping.
Business
Minister to meet Jaguar Land Rover boss amid expected job cuts
A government minister is expected to meet Jaguar Land Rover’s boss as the company faces the prospect of thousands of job losses while dealing with tar...
Business
Jaguar Land Rover confirms plans to cut jobs
Jaguar Land Rover has confirmed planned job cuts as the company seeks to reduce costs by about £1.7bn over the next two years.
Business
Volkswagen board approves plan for further 50,000 job cuts
Volkswagen’s board has approved plans for a further 50,000 job cuts, bringing the group’s planned reductions to 100,000 by 2030. The company group inc...
Business
Victoria Beckham’s business records first profit after 18 years
Victoria Beckham’s fashion and beauty company has reported a £7.3m operating profit, marking its first profit after 18 years and following years of lo...
Business
OnlyFans owner received more than $700m before death
The owner of OnlyFans was paid more than $700m before his death, according to the supplied report. The subscription platform carries content including...