Global the big winner in new radio figures as Heart, Capital and LBC take top spot in London February 2, 2023 Global Media group have posted exceptional fourth-quarter results as record numbers of listeners tuned into their popular radio stations every week. The media and entertainment company amassed the highest-ever share of the radio market at 25.4 per cent, producing an unrivalled total of 258 million hours across all their platforms. An increase of listeners to [...]
British Steel ‘planning to axe 800 jobs’ despite bidding for £300m taxpayer-funded grant February 1, 2023 British Steel has been covertly planning to slash jobs despite ongoing talks with the government which could see the industrial firm receive a multi-million pound grant funded by taxpayers’ money, according to reports. The Chinese-owned group may cut 800 roles predominantly in its Scunthorpe headquarters in north Lincolnshire, Sky News has reported. The termination of [...]
Majority of businesses in favour of increased support for asylum seekers wanting to work February 1, 2023 A large majority of UK businesses are in favour of allowing asylum seekers to work after waiting at least six months for their claims to be processed, new figures from the International Rescue Committee (IRC) have revealed. The report, ‘From Harm to Home’, finds nearly 70 per cent of UK business ‘decision makers’ believe the [...]
Darktrace shares slide to record low after short seller alleges accounting errors January 31, 2023 Darktrace shares crashed to a record low today after a short seller alleged that accounting errors had been made by the British-American cybersecurity firm. New York asset management firm Quintessential Capital Management (QCM) published a damning report today alleging dubious marketing, sales and accounting tactics were used to inflate the company’s value before it was [...]
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 [...]
Renault and Nissan hash out old tensions and increase equality of their partn January 30, 2023 Renault and Nissan have agreed on a deal which will put the automobile manufacturing giants on a more equal footing as the partnership looks to build a more constructive relationship. Renault is reducing its stake in the Japanese carmaker to 15 per cent, down from about 43 per cent, which balances the companies’ cross-shareholdings more [...]
Amazon Prime and Netflix brace for cancellations as Brits look to trim spending January 30, 2023 More Brits are planning to unsubscribe from video streaming services this year, after new data revealed the number paid-for subscriptions in the UK fell by two million last year as rising costs continue to eat into household budgets. Data analytics group Kantar revealed today that the number video streaming subscriptions in the UK fell from [...]
Philips cuts 6,000 more jobs as electronics giant’s faulty sleep device pushes it into the red by £1.49bn January 30, 2023 Philips is cutting 6,000 jobs globally in a bid to reduce costs and improve the efficiency of its supply chains. The Dutch health technology firm said it would cut around eight per cent of its workforce by 2025, as it counts the costs of suspected faulty sleep devices which it is still recalling. In its [...]
House prices: Zoopla says UK property market is off to ‘slow burn start’ with London flats in most demand January 30, 2023 The housing market in the UK has got off to a slow in 2023 with demand for cheaper, smaller properties on the rise as recession fears continue to wobble the market, according to estate agent Zoopla. Zoopla’s house price index appeared to show that buyers were holding off from entering the market and were biding [...]
Direct Line boss James quits as another insurance firm counts the cost of the deep freeze January 27, 2023 Direct Line said it was seeking a new chief executive following the resignation of Penny James. James, who was also a director of the FTSE 250 company, will be leaving with immediate effect. Jon Greenwood, who was Direct Line’s chief commercial officer, will step in as acting chief executive officer until a permanent replacement is [...]
