Black Friday transactions jump 10 per cent on 2017, according to Barclaycard data November 24, 2018 The number of transactions on Black Friday jumped ten per cent year-on-year but the amount spent plummeted compared to 2017, according to credit card data. Consumers spent 12 per cent less while shopping using Barclaycard yesterday compared to Black Friday the previous year. Barclaycard processed an all-time record number of transactions yesterday, hitting 1,087 transactions a [...]
Railway union RMT goes ahead with South Western Railway strike today, affecting Waterloo services November 24, 2018 Drivers on South Western Railway services are on strike today, affecting trains arriving at and departing from London Waterloo. A reduced service will run across most of the network, although there will be no trains running on some routes, as Rail, Maritime and Transport (RMT) union members walk out over safety concerns. Today is the [...]
Rich nations failing to meet their $100bn climate funding pledge November 23, 2018 Wealthy nations are falling short of the climate funding promise they made to deliver $100bn (£77.9m) in climate-related public aid for poorer countries. A report from the UN revealed that rich countries had donated about $55bn in 2016, which rises to more than $70bn if private capital is included, but is still some way off the pledged [...]
Vauxhall cuts 241 more jobs at Ellesmere Port manufacturing plant in Cheshire November 23, 2018 Car maker Vauxhall is to slash 241 jobs at its Ellesmere Port manufacturing plant by the end of 2019, in a move it claims is “critical” to the competitiveness of the site. Owner Peugeot's (PSA) shares dipped this afternoon as Vauxhall said it planned to reduce headcount without having to utilise compulsory redundancies, instead trying to [...]
Rail union set to cause disruption with fresh Northern and South Western train strikes November 23, 2018 Trains coming in and out of London Waterloo are expected to be disrupted tomorrow, as disputes between railway operators and drivers' unions continue to rage on. Members of the Rail, Maritime and Transport (RMT) union have said they will strike on both Northern and South Western railways tomorrow in protest over a reduction in the amount [...]
Spark Energy becomes seventh energy provider to go bust this year, leaving 290,000 customers without a supplier November 23, 2018 Spark Energy is the seventh energy provider to go out of business this year, citing "tough trading conditions" as the reason behind its collapse. The company supplied around 290,000 customers across the UK but has today announced that it will cease trading. "The part of our group which supplies gas and electricity to homes across [...]
Big Four investigate their own clients on behalf of software giants November 23, 2018 The UK's top four accounting firms have been accused of a conflict of interest by investigating their own clients' use of software on behalf of technology firms. The so-called Big Four – PwC, KPMG, EY and Deloitte – carry out software audits on their clients on behalf of vendors such as Microsoft, SAP and IBM to see if firms [...]
Johnston Press administrator says creditors will face a ‘significant’ cash shortfall November 23, 2018 The administrator of struggling publishing company Johnston Press has said there will be “a significant shortfall” of money for creditors after being sold out of pre-pack administration last week. Alix Partners, the company’s administrators, warned in their first report that although funds would be available to secured bondholders and to unsecured creditors, there would still [...]
Commuter chaos: Extinction Rebellion protest creates central London gridlock for third straight day November 23, 2018 Protesters once again blocked rush hour traffic in central London this morning as members of environmental action group Extinction Rebellion took to the streets to cause chaos for commuters. A small number of activists blocked traffic at West Cromwell Road, Elephant and Castle, Victoria Street and Tower Hill for seven minutes, as their protests stretched [...]
Eurozone growth slows to four-year low due to sluggish manufacturing sector November 23, 2018 Eurozone business activity growth slumped to the lowest rate in four years, according to the latest statistics. The slowdown hit the manufacturing sector hardest, where output only rose marginally, due to subdued car sales, weakened global demand, rising political and economic uncertainty and trade wars. Service sector growth fared slightly better however growth still declined [...]