Drinks giant Diageo invests £180m in greener African breweries August 5, 2019 Guinness owner Diageo has announced £180m of investment to improve the green credentials of its African breweries. The investment will be directed towards 11 of the drinks giant’s brewing sites across seven African countries and will deliver solar energy, biomass power and water recovery initiatives. Read more: Gin sales boost Diageo profits Diageo’s African portfolio [...]
Goodbye, John Flint: Why has HSBC axed its CEO? August 5, 2019 HSBC’s results this morning were overshadowed by the bank’s decision to sack CEO John Flint after just 18 months at the helm. Just a few hours later, HSBC confirmed it is looking to cut 5,000 jobs at the bank as it chases savings. Read more: HSBC to cut nearly 5,000 in huge savings drive Flint [...]
HSBC axes nearly 5,000 jobs in bid to reduce salary costs after sacking CEO August 5, 2019 HSBC will make as many as 4,700 people redundant from its global workforce in a bid to cut long-term costs, it has announced this morning. The job cuts will involve as many as two per cent of its workers across the world, who number 237,685. Read more: Goodbye, John Flint: Why has HSBC axed its [...]
Heathrow and Unite locked in last-ditch talks to halt tomorrow’s strike August 5, 2019 Heathrow and Unite the union are engaged in last-ditch talks to prevent strikes planned for tomorrow from going ahead. Unite has postponed the strike that was set for today, in which more than 2,000 workers, including security guards, firefighters and engineers, planned to “shut down” the airport in a dispute over pay. Read more: Union [...]
Dialight woes continue with ‘disappointing’ results and chairman exit August 5, 2019 Dialight shares have fallen today on the release of its “disappointing” half-year results and the appointment of a new chairman. The LED lighting company posted a £1.6m loss for the first half of 2019, down from a profit of £2m for the same period the previous year. Revenue fell two per cent to £76.1m compared [...]
Spudulike closes all branches after sale collapses August 5, 2019 Fast food chain Spudulike has collapsed and shuttered all its branches, making 298 employees redundant, administrators confirmed today The casual dining group, which specialised in baked potatoes, closed all 37 of its stores on Friday after a prospective buyer pulled out of a deal to purchase the company at the last minute. Read more: Landlords [...]
Far-right website 8chan down as Cloudflare pulls support after mass shootings August 5, 2019 8chan, the far-right messaging forum linked to recent mass shootings in the US, has been forced offline after cybersecurity firm Cloudflare cut ties with the website. San Francisco-based Cloudflare said it would stop protecting the controversial website at midnight Pacific time (8am BST) today. Read more: At least 30 people killed in separate US mass [...]
Car sales stagnate again in July but electric vehicle market share surges August 5, 2019 New car sales were hampered last month by confusion over Brexit uncertainty and the government’s future policies over plug-in hybrid electric cars. The British new car market shrunk 4.1 per cent in July, its fifth straight month of decline, according to the Society of Motor Manufacturers and Traders (SMMT). Read more: Car industry investment grinds [...]
UK summer strikes: Your guide to the airline strikes that could wreck your holidays August 5, 2019 You’re all set to go on your summer holiday. You’ve booked your hotel, filled every minute of the family itinerary with sight-seeing adventures, and you’ve sorted your flights. Then you get the dreaded news – your airline, or airport, is going to be hit by UK summer strikes. And what’s more, they’re right on the [...]
UK service sector posts modest growth but economy ‘skirts recession’ August 5, 2019 Activity in the UK service sector edged up to a nine-month high in July, a closely-watched survey has shown, but stayed well below the post-financial crisis average. Read more: UK manufacturing sector ‘suffocating’ amid Brexit and a global slowdown Growth in the service sector, which makes up over 70 per cent of the UK economy, [...]