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Business

Greggs to close four factories, risking 740 jobs

Greggs plans to close four UK factories, risking 740 jobs, citing cost efficiency. The move follows strong sales growth but faces union criticism. No final decisions have been made. Uncertainty remains over job impacts and future plans.

30 Sept, 06:12 pm IST
Business

Avanti West Coast to be nationalised from March

Avanti West Coast train services will be nationalised from March next year, following government claims of poor performance. The company's contract ends on 7 March, and the move is part of a broader plan to bring rail services under public ownership.

28 Sept, 08:40 pm IST
Business

Chiltern Railways becomes sixth operator in Labour nationalisation push

Chiltern Railways has entered public ownership as part of Labour's plan to renationalise all major passenger rail services by 2027. The move aims to improve reliability and reduce overcrowding, but faces challenges including union opposition to driver-only trains.

20 Sept, 01:56 pm IST
Business

us fed raises rates for first time in three years

The US Federal Reserve raised interest rates by 0.25% amid inflation concerns. The hike may impact consumers and businesses. Trump criticized the move, calling for lower rates. Uncertainty remains on future rate changes.

17 Sept, 10:24 am IST
Business

Tech firms sell branded clothing as brand promotion strategy

Tech companies like Nvidia, Palantir, and Anduril are selling branded clothing as part of brand promotion and reputation management. Critics argue it's a way to shift public perception, while supporters see it as a cultural phenomenon.

17 Sept, 10:22 am IST
Business

Petrol and diesel price rises push UK inflation higher

UK inflation rose to its highest level in five months in August, driven by surging petrol and diesel prices, as well as increased airfares. The Office for National Statistics (ONS) reported inflation at 3.1%, up from 2.9% in July. Global oil prices, particularly Brent crude, have surged past $100 a barrel due to the on

16 Sept, 08:47 pm IST
Business

UK government to nationalise Speciality Steel UK

UK government plans to nationalise Speciality Steel UK to protect 1,300 jobs. The move follows failed private sector bids. Blastr Green Steel expressed disappointment.

15 Sept, 01:25 pm IST
Business

Student thefts rise as insurers warn of risks

Insurers report increased thefts of laptops, phones and bikes among students. Advice on securing belongings and insurance coverage provided. Details on insurance options and legal obligations outlined.

14 Sept, 06:03 am IST
Business

uk launches ai bootcamps to tackle youth unemployment

The UK government is piloting ai bootcamps in Preston to address youth unemployment, targeting neets. Experts debate ai's impact on non-graduate jobs, with mixed views on its role in the crisis.

13 Sept, 03:30 pm IST