Jobs threat at Meggitt following £6.3bn buy-out

UK defence supplier Meggitt faces job threats after it finalised a £6.3bn takeover deal from US rival Parker Hannifin. Board of the FTSE 250 engineering company that operates in the aerospace, defence and energy markets has unanimously recommended...

End of furlough scheme to increase job losses by 150,000

A leading think tank believes the end of the UK government's furlough scheme will lead to an increase in job losses in the country. The National Institute of Economic and Social Research (Niesr) said it had revised up its 2021 growth forecast...

In an interview with LinkedIn news, Chancellor Rishi Sunak said it was “really beneficial” being in an office at the beginning of his career. Talking about helpful relations he made working in offices at the start of his career as the British...

Multiple households stand to lose their energy supplier this winter as small companies witness record highs on the UK gas market, and a looming deadline to hand over renewable energy subsidies at the end of the month. Equity analyst at Investec,...

A Bank of England policymaker has warned that the British economy is not out of the woods yet and the damage caused by the ongoing pandemic has only been partially repaired. Jan Vlieghe said Threadneedle Street should be cautious about raising...

The Weston family, the owners of Selfridges, announced that it launched a formal auction to sell the historic department store. It is understood that advisers at Credit Suisse will start looking for a buyer, with the company valued at as much...



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