Rail passengers face fresh travel chaos over the June half term after unions announced new strikes. Members of the Rail, Maritime and Transport union (RMT) will walkout across England on Friday 2 June. The strike action involves 20,000 rail workers at 14 train operators, including station staff, train managers and …
Read More »Flood of businesses quit CBI as scandal deepens
A spokesman said: “The CBI shares the shock and revulsion at the events that have taken place in our organisation, and at past failures that allowed these events to happen. We are deeply sorry and express our profound regret to the women who have endured these horrific experiences. “We have …
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CNBC Pro: Goldman Sachs strategist says these investments are ‘starting to look attractive again’ James Ashley, head of international market strategy at Goldman Sachs Asset Management, discusses which investments look attractive right now, and the likelihood of a recession. Stocks on the move: Royal Mail up 5%, Elekta down 7% …
Read More »Global economy faces weakest growth in 30 years, warns IMF
House price growth was at its weakest annually since October 2019, according to lender Halifax. It said the average sale price stood at £287,880 last month, with was 0.8pc up on February but only a 1.6pc annual gain. It comes as rival lender Nationwide said house prices have fallen by …
Read More »Back-up coal plants fired up for third time this week as blackout threats loom
Britain’s coal fired power stations have been warmed up again amid concerns over the country’s energy supply. National Grid’s Electricity System Operator said it was a “prudent” organisation and the move was a contingency measure. 5 things to start your day 1) Baffling Brexit plan will wreck trade, says M&S chief …
Read More »Royal Mail hit by cyber incident – The Telegraph
Royal Mail has been left unable to send letters or parcels overseas after the postal service suffered a crippling "cyber incident". Source link
Read More »Crossrail hit by first ever strike
For many of you it will be the last working day before the Christmas break. It could also be a working day disrupted by strike action. Thousands of union members are on strike today and tomorrow. As if that was not enough to bring you some festive gloom, chaos on …
Read More »workers warn over ‘end of Royal Mail as we know it’
Sam Bankman-Fried has issued a mea culpa in a letter apologising to FTX staff for the collapse of his crypt empire. It comes as US bankruptcy proceedings have revealed that tens of thousands of British traders have been left out of pocket by the implosion of the cryptocurrency exchange FTX. …
Read More »RMT calls off rail strikes and claims victory amid talk of double-digit pay offer
The RMT said that it would now enter into “intensive negotiations” to strike a deal with Network Rail. Staff at train operating companies have also cancelled strikes. Mr Lynch claimed victory and said that the RMT action this summer had “made rail employers see sense”. He added: “We have always …
Read More »FTSE 100 Live: Pound dips to $1.11, Retail sales fall
1666351895 Pound touches $1.11 as traders measure UK political risk factors The UK’s turbulent politics were feeding through into the value of the pound as speculation over the identity of the country’s next prime minister reveberated around the City and across Westminster. Its low point for the day took sterling …
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