Wartsila boss calls for onshore wind to power Europe’s energy ambitions November 23, 2022 Onshore wind should "absolutely" be part of Europe's ambitions, as it looks meet net zero goals and reduce its reliance on overseas supplies.
Posties reject Royal Mail’s ‘final and best offer’ as Black Friday strikes go ahead November 23, 2022 The UK postal service is facing an “Armageddon moment” as Royal Mail’s eleventh hour bid to call off Black Friday strikes fails. Members of the Communication Workers Union (CWU) rejected Royal Mail’s “final and best” offer this afternoon, scuppering hopes that industrial action happening tomorrow and Black Friday – two of the biggest online shopping [...]
Investment in public health could boost GDP by £180bn each year, says CBI November 23, 2022 Investments in healthcare and wellness are investments in the economy, according to the Confederation of British Industry (CBI). The UK loses 131m working days a year to ill-health, costing the nation around £180bn in GDP, data from the CBI’s new Work Health Index revealed yesterday. “Labour market resilience is a precondition to growth,” CBI president [...]
MPs: Boohoo warehouse mistreatment reports ‘wake-up call’ for ministers November 23, 2022 MPs have dubbed reports of worker mistreatment at a Boohoo warehouse as a “wake-up call”. The fast fashion firm said a report in The Times newspaper was not reflective of the working conditions at its Burnley warehouse. After a reporter spent a month working at the site this summer, the newspaper claimed there were “gruelling [...]
F1 testing provider AB Dynamics ‘not impacted’ by UK financial turmoil November 23, 2022 The UK’s current financial turmoil will not impact automotive testing system provider AB Dynamics, its chief executive James Routh said. “The UK is typically about 2 per cent of our revenue, so the turmoil doesn’t really bother us too much,” Routh told City A.M. on Wednesday. “Only when it comes to dealing with local inflation [...]
Credit Suisse predicts £1.32bn loss after clients pull cash from funds November 23, 2022 Beleaguered lender Credit Suisse said it expects to haemorrhage up to 1.5bn Swiss Francs (£1.32bn) in its fourth quarter after being rocked by a flood of outflows in October.
Openreach scales back UK ultrafast fibre broadband November 23, 2022 Openreach is to limit its investment in the rollout of ultrafast fibre broadband as BT pushes forward with an intense cost-cutting scheme. The telecom giant’s networking division has contacted suppliers to say it would build the network “narrower and deeper” and tighten timeframes, according to a letter seen by the Financial Times. “This will by [...]
Badenoch to host trade forum with South African President Ramaphosa November 23, 2022 Kemi Badenoch will host a roundtable forum with South African President Cyril Ramaphosa today, with the trade secretary looking to boost exports to the continent. Badenoch said this morning that a “UK-South Africa Investment Taskforce” was looking to break down trade barriers with the Commonwealth nation, however there are no current plans to extend the trade deal [...]
Sturgeon ‘accepts’ court decision to block Scottish independence referendum November 23, 2022 Nicola Sturgeon has said she “accepts” today’s decision from the Supreme Court to block another independence referendum without Westminster’s consent, but that “democracy won’t be denied”. The Scottish First Minister said the decision only “blocks one route to Scotland’s voice being heard on independence” and that the next General Election, due by the start of [...]
Boohoo accused of sexism for Ronaldo tweet saying ‘girlies’ have ‘no need’ to watch football November 23, 2022 Boohoo has been accused of sexism for a tweet saying women have “no need” to watch football after Cristiano Ronaldo’s departure from Man United. The fashion brand’s social media post led to a furious reaction, with users saying the tone was “patronising”, while another accusing them of sexism. This comes after the England Women’s football [...]
