New research from the Resolution Foundation shows that Gen Z people in their early 20s are more likely to be out of work because of ill health than people in …
Investing
Playstation: Sony to cut 900 jobs and close London studio
Sony has announced plans to cut around 900 jobs in its Playstation arm and close its London studio. Describing the move as an “extremely hard decision”, the gaming giant’s chief …
Bank’s Ramsden: ‘More evidence’ needed that inflation has been tamed before rates can go down
A rate-setter at the Bank of England said he was looking for “more evidence” that inflation has been tamed before cutting interest rates. In a speech delivered at the Association …
Amex dives into buy-now pay-later market in challenge to Klarna
American Express has launched a new offering for UK customers to pay off large credit card purchases in monthly instalments as it looks to capture further market share from the …
‘Like Brands. Only Cheaper’: Court throws out Aldi’s appeal over gin bottle battle with Marks and Spencer
Aldi’s appeal against a decision that it had infringed on Marks and Spencer’s registered design of its light-up gin was dismissed earlier today. Marks and Spencer launched its intellectual property …
Elliott Investors: Waterstones owner makes fresh Currys bid reportedly worth £700m
Activist investment firm Elliott has made a second bid for electrical retailer Currys, according to reports made this afternoon. The owner of Waterstones has lodged an offer of between 65p …
Network Rail to provide £140m to solve Elizabeth Line chaos
Network Rail will provide £140m in funding aimed at resolving persistent disruption and delays on the London Elizabeth Line, it has been announced. It comes after a meeting with Mayor …
Mango: Fashion giant creates 150 UK jobs as sales and profit jump
The UK arm of fashion giant Mango created almost 150 jobs as its sales and profit jumped during 2023, new figures have revealed. The brand’s turnover increased from £104.3m to …
Citi’s investment banking market share drops to lowest level since 2000
Citigroup’s share in the global investment banking market fell to its lowest level on record last year, according to new data, as investors demand that the bank catch up to …
Spring Budget 2024: Jeremy Hunt to cut national insurance rather than income tax as rate windfall fails to materialise
Jeremy Hunt will cut national insurance rather than income tax in next week’s Spring Budget, according to reports, but he will not have a huge amount of fiscal space to …