50,000 civil service jobs could be cut in Labour spending review May 29, 2025 Civil servants are facing another round of job cuts, with as many as 50,000 civil service jobs on the line in the government’s upcoming spending review. According to reports, ten per cent of civil servants, who number 500,000 in total, will be culled. The civil service swelled after Brexit and the pandemic, with 130,000 added [...]
Easyjet is ‘significantly undervalued,’ says Peel Hunt May 29, 2025 Easyjet shares edged up on Thursday alongside a bullish earnings outlook from Peel Hunt for the year ahead. “We believe Easyjet is significantly undervalued,” analysts at Peel Hunt said in a note, with shares rising around 2.8 per cent by mid-morning. Sustained travel demand has underpinned the budget airline’s growth and is yet to tail [...]
Transport vigilante Jenrick takes on TfL fare dodgers May 29, 2025 Tory MP Rob Jenrick is amping up his public presence amid growing expectations he could displace an unpopular Kemi Badenoch as leader of the Conservatives. Jenrick has launched a transport vigilante campaign where he questions TfL fare dodgers on the London underground. London Mayor Sadiq Khan’s office did not respond to Jenrick’s diatribe. Ex-Reform MP [...]
Ghost Ship producer Adnams slashes losses May 29, 2025 Ghost Ship producer Adnams has halved its operating loss amid a commercial turnaround plan, although retail sales continue to suffer. The Suffolk-based company, which makes cask ale, bottled beers and spirits, said that sales increased three per cent to £68.1m in the 12 months ended December 31. Its operating loss shrank by more than half, [...]
Hollywood Bowl: Ten-pin bowling operator raises dividend May 29, 2025 Bowling and leisure operator Hollywood Bowl has reported stable trading as it targets a significant expansion in the UK. The company reported like-for-like revenue growth of 2.1 per cent in the six months ended March 31, with UK like-for-like total revenue up 1.3 per cent. It said revenue was dented by a late Easter and [...]
Keir Starmer hits back at Reform’s ‘fantasy’ economic policies May 29, 2025 Keir Starmer has hit back at Nigel Farage’s “fantasy economics,” after the Reform leader laid out a suite of fresh policies aimed at attracting voters away from Labour. In a speech to workers in the North West later today Starmer plans make the case against Farage’s economic credibility, likening the proposals to the Liz Truss [...]
Heathrow ‘responded well’ to power outage despite sleeping CEO, report says May 28, 2025 Heathrow Airport “responded well” to the power outage incident in March despite its chief executive sleeping through a key decision on whether to stop operations, an internal review, commissioned by the airport, found. More than 200,000 passengers around the world faced disruption as Heathrow opted to stop operations following a fire at the nearby North [...]
Nissan: UK taxpayers to guarantee £1bn loan amid Sunderland plant uncertainty May 28, 2025 The UK taxpayer is to guarantee a £1bn loan to Nissan as part of a major restructuring of the struggling carmaker. The Japanese firm announced plans earlier this month to axe 20,000 jobs globally and shut down seven factories. Confirmation of the restructuring piled uncertainty onto the future of its Sunderland facility, which is the [...]
Victims of forced prepayment meter installation to receive £18.6m May 28, 2025 Tens of thousands of Brits are set to receive compensation after being forced to install prepayment devices in their homes. Eight energy suppliers will be writing off debts or providing compensation – valued at a total of £18.6m – to at least 40,000 consumers. This follows a review by Ofgem, the national energy regulator, which [...]
Shein eyes Hong Kong for IPO as London listing stalls May 28, 2025 Fast-fashion giant Shein is reportedly working towards a Hong Kong initial public offering (IPO) after failing to secure approval from Chinese regulators for its London listing. The Singapore-headquartered company aims to file a draft prospectus with Hong Kong’s stock exchange in the next few weeks, according to Reuters. The move comes as a blow to [...]
