Taking the Mickey: Disney to slash 7,000 jobs in bid to save £4.5bn as part of ‘significant transformation’ February 9, 2023 The Walt Disney Co has said it will cut about 7,000 jobs as part of a “significant transformation” announced by CEO Bob Iger. The job cuts amount to about three per cent of the entertainment giant’s global workforce and were announced after Disney reported quarterly results that topped Wall Street’s forecasts. Mr Iger returned as [...]
UK risks ‘mothballing multi-billion pound projects’ by persisting with windfall tax on electricity generators – green energy boss February 9, 2023 The UK risks losing out to US and EU if it persists with the windfall tax on electricity generators, says a green energy boss.
Let’s be honest, we are suffering from a national crisis of bad vibes February 9, 2023 Strikes, NHS waiting lists, high energy prices and a constant stream of news about horrific crimes, natural disasters and economic gloom, Britain's Bad Vibes are keeping us down, writes Matthew Lesh
Sunak says ‘nothing is off the table’ as Zelensky asks UK for fighter jets February 8, 2023 Prime Minister Rishi Sunak has said “nothing is off the table” after Ukrainian president Volodymyr Zelensky asked the UK to supply him with fighter jets to battle Putin’s army. The two leaders spoke at a joint press conference at an army base today after the Ukrainian wartime president flew to the UK and implored the [...]
SocGen takes bad loan hit but claims 2023 is a ‘transitional year’ with ‘key deals’ ahead February 8, 2023 Societe Generale, France’s third biggest bank, favoured financial prudence over quick returns to shareholders as it prepared for the arrival of a new chief executive in May tasked with reviving its valuation in an uncertain economic climate. SocGen said it had hiked provisions for bad loans fivefold in the fourth quarter, cutting its net income [...]
Tom Cruise delays Mission Impossible filming to attend King Charles’ Coronation February 8, 2023 Tom Cruise is delaying the filming of the eighth instalment of Mission: Impossible so he can attend King Charles’ Coronation. The actor is apparently an avid royal follower, and despite being famously detail-oriented in his approach to filming and meeting filming deadlines, is willing to put his schedule on the back-burner for the 6 May [...]
High Street retail race: Marks and Spencer predicted to overtake John Lewis by 2026 February 8, 2023 Marks & Spencer will overtake John Lewis in the rankings of the UK’s biggest retailers by 2026, according to a new sales forecast. Tesco will retain its position as the largest retailer, followed by Sainsbury’s, but Amazon is on track to move into the top three within the next few years, industry title Retail Week [...]
Ukraine’s president Zelensky to make surprise UK visit TODAY, meet PM Rishi Sunak and address parliament February 8, 2023 Ukrainian President Volodymyr Zelensky will make his first visit to the UK since the Russian invasion of his country, with Rishi Sunak promising extra military support. The Prime Minister announced plans to train Ukrainian pilots, paving the way for them eventually being able to fly sophisticated Nato-standard jets, a key request from Mr Zelensky. Downing [...]
New innovation department could be a ‘gear change’ for tech growth, industry chiefs say February 7, 2023 The creation of a new government department for technology and innovation could be a “gear change” for the growth in the UK’s tech sector and represents a “significant” boost for UK innovation, tech chiefs said today.
BEIS break-up: New department will help government combat energy crisis, argue experts February 7, 2023 Experts say the break-up of BEIS and the emergence of a new energy department could improve government decision making.