Tesco buys Paperchase brand but over 800 jobs remain at risk January 31, 2023 Tesco has purchased the brand and intellectual property of Paperchase, the supermarket has confirmed, after the embattled stationary company collapsed into administration this morning. However, it has not acquired the chain’s 106 physical stores across the UK and Ireland, leaving 820 jobs at risk. The supermarket will now sell its products in its UK stores. [...]
Hydrogen darling ITM Power to cut over 100 jobs as it grapples with heavy losses January 31, 2023 Hydrogen player ITM Power has slashed staff numbers by more than 100 people in a bid to shore up costs amid heavy losses.
London Lions basketball team partners with BitPay January 31, 2023 The London Lions have teamed up with crypto platform BitPay in a partnership that will allow fans to buy merchandise and tickets using cryptocurrency.
UK reinstates pre-Covid take-off slot rules and tells airlines ‘use it or lose it’ January 31, 2023 The UK government has reinstated its pre-Covid airport slot rules, telling airlines they will need to use their take-off slots 80 per cent of the time, or face losing them. Also known as landing slots, airport slots are the permission needed by an airline to land or depart from a specific airport at a specific [...]
Explainer: What’s wrong with music streaming? January 31, 2023 Today is another rough day for tech. Streaming giant Spotify suffered significant losses in the last quarter, despite a rise in subscribers. Operating costs soared to 44 per cent after the platform made a mistake common in tech: expanding and hiring during the pandemic without thinking of long-term implications. This is not the first bad [...]
FCA is ‘doing its best’ and asks for ‘understanding’ as city regulator counters concern over unfilled roles January 31, 2023 A Financial Conduct Authority chief has called for more understanding from the City and said the regulator is doing its “best” after criticism in recent months it has failed to hire fast enough to meet its swelling remit.
Samsung committed to investing in semiconductors despite crash in demand for consumer gadgets January 31, 2023 Samsung Electronics will continue investing in the production of computer chips, despite profits from sales of the computer component sinking to their lowest since 2009. The world’s largest chipmaker reported £178bn (270bn won) in fourth-quarter semiconductor earnings on Tuesday, down from 8.83 trillion won from the same period last year. Samsung said demand has significantly [...]
Delays at Dover and Eurostar trains cancelled as French workers strike again January 31, 2023 Ferry operators today warned customers to expect delays on services between Dover and Calais as France is hit by nationwide strikes for the second time in less than two weeks. Hundreds of thousands of workers – including train drivers, teachers and port workers – have laid down tools against the French government’s decision to raise [...]
Exxon Mobil made £5.4m per hour last year with record £47.9bn profits January 31, 2023 Exxon posted $59bn (£47.9bn) in adjusted profit for 2022 in its results today, taking home more than $6.7m (£5.4m) per hour last year.
Tesco’s management shake up places 2,100 jobs at risk January 31, 2023 Tesco is looking to reduce the number of managers in its large shops and close hot deli counters, placing up to 2,100 jobs at risk, the UK’s largest supermarket chain announced today. Tesco, which operates over 2,000 shops, will close its remaining hot deli counters in stores from February 26, having previously removed the majority [...]
