Port Talbot: 3,000 of jobs at risk as Tata steelworks bids to make ‘greener’ steel September 15, 2023 There are concerns that thousands of job losses are set to be announced at Britain’s biggest steelworks under plans to produce “greener” steel. Tata, the Indian conglomerate that owns the Port Talbot steelworks in south Wales, has been in talks with the Government for months over state aid worth hundreds of millions of pounds to [...]
Arm shares soar on debut with hopes rising float could kick off IPO revival September 15, 2023 The Cambridge chipmaker's IPO has bankers hoping the moribund float market may finally be opening up again
US and Japanese diplomats in the spotlight as envoys in London owe £150m in congestion charges September 14, 2023 Foreign diplomats in London owe nearly £150m in congestion charge debt, ministers have said. It comes as new figures given to MPs showed that 15 serious and significant offences, including sexual assault and drunk-driving, were allegedly committed by diplomats or those entitled to diplomatic immunity between 2019 to 2022. The new details came in two written ministerial statements published [...]
Another HS2 mess: Downing Street refuses to guarantee it will run to Manchester September 14, 2023 Downing Street has refused to guarantee the HS2 railway line will run to Manchester as planned.
Keir Starmer plans anti-terror style crackdown on small boats – and more EU co-operation after Brexit September 14, 2023 Sir Keir Starmer insisted closer cooperation was needed with the European Union (EU) on the small boats crisis in the face of claims he would hand control of immigration policy back to Brussels. The Labour leader indicated he could be prepared to do a deal with Brussels which would see the UK take a quota [...]
Russia admits error after pilot ‘thought he had permission to shoot down RAF spy plane’ September 14, 2023 A Russian pilot tried to shoot down an RAF spy plane believing he had been given permission to fire, according to a report. Russia blamed a “technical malfunction” for causing the incident over the Black Sea on September 29 last year. But intercepted communications suggest the pilot fired after receiving an ambiguous command from a [...]
Lidl swings to loss of £76m as fight to keep prices low offset by surging costs September 14, 2023 Discount supermarket chain Lidl has revealed its British arm swung to an annual loss after battling to keep a lid on prices as its costs rose “across the board”. The group reported pre-tax losses of £76 million for the year to February 28 against profits of £41.1 million the previous year as it also invested [...]
THG: Cash flow improves at digital commerce giant September 14, 2023 THG, the Manchester-based digital commerce giant, has posted EBITDA above the top end of guidance in the first half of the year.
ECB: Analysts reckon “pregnant pause” likely as ratesetters meet today September 14, 2023 Slowing European growth is likely to lead rate-setters at the European Central Bank (ECB) to leave interest rates on hold, economists expect.
Elon Musk: Taiwan slams Tesla owner after another geopolitical gaffe September 14, 2023 Elon Musk, who has significant operations in China, had said that Taiwan was seen as "an integral part of China"
