Thyssenkrupp mulls further job cuts as steel division posts huge loss August 13, 2020 German steel giant Thyssenkrupp today raised the prospect of further job cuts as it reported a €2bn loss for the first nine months of the year. The firm has already made 6,000 roles redundant under an ongoing savings programme, but finance chief Klaus Keysberg told reporters today that more cuts were being discussed. The majority [...]
Renishaw shares fall 10 per cent after profit plunges 97 per cent August 13, 2020 Shares in Ftse 250 engineering company Renishaw fell 10 per cent today after it said profit collapsed and revenue fell which it blamed on poor macroeconomic conditions and the coronavirus pandemic. Renishaw said statutory profit fell 97 per cent to £3.2m compared with £109.9m last year The company said revenue fell 11 per cent to [...]
Just Group shares jump as profit survives pandemic August 13, 2020 Just Group’s shares leapt today after it posted slightly higher profit for the first six months of 2020 today despite the pandemic. The figures Underlying operating profit rose £3m to £117m year on year for the first half of 2020. Profit from active life insurance policies shot up 25 per cent year on year to [...]
UK job vacancies see biggest weekly rise in 2020 August 13, 2020 The number of online job adverts has risen according to new data, despite an increasing number of people being made redundant across the UK. The total volume of online job adverts saw its biggest weekly increase in 2020 between 31 July and 7 August, data from the Office of National Statistics has revealed. Job adverts [...]
Sadiq Khan pleads with PM to save struggling West End August 13, 2020 Sadiq Khan has called on Boris Johnson to rescue London’s West End as central London businesses struggle to rebound from the coronavirus crisis. Khan wrote to the Prime Minister today, after lobby group The New West End Company predicted that there would be a £5bn drop in retail sales for the district this year. The West [...]
Brits optimistic about returning to work despite safety concerns August 13, 2020 British workers are largely optimistic about returning to the office, though concerns remain over whether employers will put the right safety measures in place. Just under half of UK employees said they felt positive about going back to work, while less than one in five said they felt negative, according to a new survey. The [...]
Bulb to pay out £1.8m after breaking compliance rules August 13, 2020 Challenger energy brand Bulb has been ordered to pay out £1.8m after overcharging customers and blocking users from switching to its services. According to watchdog Ofgem, around 61,000 customers were affected by the compliance issues, which occurred between 2017 and 2020. The regulator said that Bulb, which has expanded rapidly in recent years to be [...]
Coronavirus: Amazon donates £500,000 to Fleabag theatre fund August 13, 2020 A fund set up by two Fleabag stars to support theatre workers affected by the coronavirus crisis has received a £500,000 donation from Amazon Prime Video. Phoebe Waller-Bridge and Olivia Colman said they were “utterly blown away” by the “extraordinary” level of support. The donation forms part of a $6m (£4.6m) commitment from the US [...]
British life insurers paid £90m in coronavirus death claims by the end of May August 13, 2020 British life insurers paid £90m in claims for coronavirus deaths in the three months to the end of May, the Association of British Insurers (ABI) said today. Insurers received 7,000 life insurance claims from families of people who died from covid-19 and 83 per cent have been paid so far, the ABI said. Every life [...]
More than one third of A-level results downgraded as Gavin Williamson comes under fire August 13, 2020 Around 35 per cent of A-level results have been downgraded by one grade, figures have revealed. The students affected will receive a lower grade than their teachers predicted due to the Joint Council for Qualifications standardising the results based on historical data. Despite this, exam watchdog Ofqual has said performance across the country has been [...]
