Category: Business

Tesco has been reported to Britain’s competition regulator over claims it may be “breaking the law” due to Clubcard’s “unclear pricing”. The UK’s biggest supermarket has been accused of failing to include clear prices on the “vast majority” of deals offered under its Clubcard scheme. Consumer Rights Group Which? said it had reported Tesco to...

Uber journeys with petrol cars will become more expensive than their electric counterparts when traveling from the airport as part of efforts to decarbonise taxi services. The company said it would start applying a 10% discount to electric journeys from Heathrow and other airports. As electric and petrol trips booked through Uber currently cost the...

The cost of government borrowing jumped after two surprise interest rate hikes this week provided a reality check on the fight against inflation. Two-year interest-sensitive UK gilt bond yields rose nine basis points to 4.55% after the Bank of Canada joined the Reserve Bank of Australia in surprising markets with more rate hikes . Bond...

M&S has removed expiry dates on its milk and will instead advise customers to do a sniff test to determine if it is safe to consume. The company warned that around 490 million pints, or £270 million, of food is thrown away in the UK each year, prompting the decision to reduce food waste. This...

Hundreds of workers walked out of Zimmer Biomet after the closing was announced Thursday morning A US pharmaceuticals firm is to close its South Wales plant, putting 540 jobs at risk. Zimmer Biomet, which makes hip and knee replacements, said it would “suspend production” at its Bridgend plant and begin consultation with staff. The plant’s...

It’s official. Jeff Bezos and Lauren Sanchez are engaged. Starting their life together, the Amazon boss popped the question to his Emmy-winning journalist girlfriend aboard his $500 million superyacht, sources told DailyMail.com. The pair were seen kissing and making out aboard the Coru over the weekend, as Sanchez, 53, struggled to hide the Balearic-sized rock...

Figures seen by Sky News show how firms are recruiting from outside Europe to provide the skills they need, with India in particular providing staff to fill key vacancies. A growing number of skilled workers from Africa and Asia are moving to Britain to fill crippling staff shortages, according to new figures which reveal the...

Europe’s biggest budget airline made €1.43bn (£1.24bn) in profit between April 2022 and March 2023 – which equates to an average of almost £40 per second. Ryanair said a “strong recovery in traffic and favorable oil hedging” offset the previous year’s loss of €355m (£309m). Average fares are 10 per cent higher than pre-Covid levels,...

JPMorgan Chase raised its forecast for how much it expects to earn this year from its lending business after its recent purchase of First Republic, bucking a broader trend among U.S. banks of shrinking profits due to deposit withdrawals. In a presentation at its investor day on Monday, JPMorgan raised its 2023 target for net...

New figures show that almost half (46%) of women do not think they have saved enough in their pension fund for retirement, while men are much more confident about their savings in later life, with only a third (35% ) are concerned that they have not allocated enough money. New research from fintech on workplace...