The high five: your guide to the most valuable start-ups June 13, 2019 It was the year of America’s 200th birthday, of a scorching heat wave in the UK followed by a huge sterling crisis, and it was the year that the only unelected president in US history, Gerald Ford, went down at the polls to the former Governor of Georgia, Jimmy Carter. Less remarked at the time [...]
Private sector hiring intention hits seven-year low amid Brexit impasse June 11, 2019 Hiring intentions among UK companies slumped to their lowest level since 2012 in the second quarter of the year, a new survey has shown, as Brexit uncertainty weighed on employers’ minds. Read more: UK wages rise as employment stays at record high Plans for hiring among firms in the finance and business services sector saw [...]
A road less travelled: British car industry troubles run far deeper than Brexit June 11, 2019 The dust has settled. Bridgend’s male voice choir has sung in protest at Ford’s Essex headquarters. And back in their south Wales hometown, the US car maker’s 1,700 factory workers returned to work yesterday for the first time since they learnt of their impending redundancy. But before they had even stopped for lunch, the Office [...]
Ford gears up to close Bridgend plant in September 2020, in ‘hammer blow’ for 1,700 workers June 6, 2019 Ford is preparing to close its factory in south Wales next year, in another blow for Britain’s car manufacturing industry. The move comes as a disaster for the 1,700 workers at the Bridgend plant, which makes petrol engines. Read more: Ford announces 7,000 job cuts across the globe Ford confirmed this afternoon it was consulting [...]
1,700 jobs at risk as Ford may pull plug on plant June 5, 2019 Workers fear “disaster” as carmaker Ford prepares for talks tomorrow over the future of its engine plant in Bridgend. Unions will descend on the company’s Essex headquarters to discuss the future of the Welsh factory which employs 1,700. “If our worst fears are confirmed it will mean disaster for both our members in Bridgend and [...]
Square Mile gears up for luxury summer car show June 2, 2019 Thousands of City motorheads are gearing up for a luxury car show in the Square Mile later this week. FTSE bosses, top investors and even a mystery rockstar are on the guest list for this year’s London Concours event, where over a hundred iconic cars worth in excess of £70m will be on display. Read [...]
Danny Cipriani sweeps up Premiership’s individual awards but will he get a World Cup call-up? June 1, 2019 If this season has not shown England head coach Eddie Jones that Danny Cipriani is deserving of a seat on the plane to the World Cup in Japan later this year, then perhaps nothing will. The 31-year-old has been instrumental to Gloucester’s revival this season as they reached the Premiership play-offs for the first time [...]
No-deal Brexit factory shutdowns slash UK car production by 45 per cent May 30, 2019 An “extraordinary” widespread factory shutdown prompted by Brexit slashed car production almost in half last month. Read more: Car sales fall again as Brexit puts brakes on consumer confidence The number of vehicles made slumped by 45 per cent, according to fresh figures from the Society of Motor Manufacturers and Traders (SMMT). That meant only [...]
Andrea Leadsom quits Cabinet with stinging attack on Theresa May’s Brexit plan May 22, 2019 Theresa May looks to be entering her final days as Prime Minister after Andrea Leadsom quit the Cabinet with a stinging attack on her Brexit plan. Leadsom warned the PM’s new plan for Brexit would not deliver a “truly sovereign” UK, and a pledge to offer MPs a vote on another EU referendum would be [...]
Ford announces 7,000 job cuts as US car maker moves up a gear in restructuring plan May 20, 2019 Ford is to cut around one-tenth of its global salaried workforce by the end of August as part of a major global restructuring plan. Read more: Ford gears up to announce up to 550 white collar job losses in UK The move to shed 7,000 workers this summer is expected to save the firm $600m [...]