Dell cuts almost 7,000 jobs as computer sales fall February 6, 2023 Dell has revealed plans to axe five per cent of its global workforce amid failed restructuring efforts and falling consumer demand for computers. “This is a difficult decision that was not made lightly, and we’ll support those impacted as they transition to their next opportunity,” a spokesperson for Dell said. Chief operating officer Jeff Clarke [...]
Scam warning: FCA removes over 5,800 misleading ads and warns consumers to be on their guard February 3, 2023 The Financial Conduct Authority (FCA) said it has ramped up efforts to protect consumers from misleading financial promotions, according to a report published today. The UK’s leading financial watchdog required firms to amend or remove a staggering 8,582 promotions during 2022, compared to just 573 in the previous year. It also posted more than 1,800 [...]
Safety first as Volvo’s EV UK sales accelerate, but shares still take a hit February 3, 2023 The UK remains a key market for automaker Volvo, along with Italy and Belgium where its models shifted faster than anywhere else. The Swedish carmaker, which is majority owned by China’s Zhejiang Geely Holding Group, said its global sales were up two per cent last month to 48,520, from the same period last year but [...]
King Charles will not appear on Australian banknote as Queen Elizabeth II’s portrait is replaced February 2, 2023 Queen Elizabeth II will no longer appear on the Australian $5 banknote and King Charles III will not replace her, the Reserve Bank of Australia (RBA) said on Thursday. Her Majesty’s portrait will be swapped for an updated design which “honours the culture and history of the First Australians”, according to a statement from the [...]
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 [...]