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Business News

Ofcom fined Royal Mail £5.6m for delivery targets missed

Creative Media NewsMonday, 13 November 2023, 16:000

Ofcom fined Royal Mail £5.6m for delivery targets missed.

Middlesbrough Council defends £43,000 landlord charge

Creative Media NewsMonday, 13 November 2023, 8:000

Middlesbrough Council defends £43,000 landlord charge

Let search giants off the hook and consumers will pay.

Creative Media NewsSaturday, 11 November 2023, 22:000

Let search giants off the hook and consumers will pay.

Dame Alison Rose loses £7.6m over Nigel Farage debanking row.

Creative Media NewsSaturday, 11 November 2023, 16:000

Dame Alison Rose loses £7.6m over Nigel Farage debanking row.

Greenpeace boards moving oil vessel, Shell sues for £1.7m.

Creative Media NewsFriday, 10 November 2023, 20:000

In January, four Greenpeace activists boarded a moving oil vessel via a canoe and remained affixed to the platform until it docked in a Norwegian port. Greenpeace currently faces a £7 million lawsuit, one of the most substantial legal challenges the organisation has ever encountered, in response to the boarding of an oil vessel by...

Apple should pay €13bn Irish tax, says EU lawyer

Creative Media NewsFriday, 10 November 2023, 18:000

Apple should pay €13bn Irish tax, says EU lawyer

Costs for car insurance are at historic highs

Creative Media NewsThursday, 9 November 2023, 14:000

The industry association reports that annual auto insurance premiums have reached an all-time high due to increased expenses

Lloyd’s of London ‘truly regretful’ for slavery relationship

Creative Media NewsThursday, 9 November 2023, 8:000

Deeply sorry” has been stated by the city firm Lloyd’s of London regarding its ties to the slave trade. A “significant role” was attributed to the 335-year-old insurance market in facilitating transatlantic trade, according to an independent report. Lloyd’s stated that it is dedicated to combating inequality and will allocate £40 million towards assisting affected...

Forced to declare bankruptcy in the United States, WeWork

Creative Media NewsWednesday, 8 November 2023, 6:000

WeWork, a once-valuable shared office company with a valuation of $47 billion (£38 billion), has been compelled to declare insolvency in the United States. In light of the company’s turbulent history, once considered a model for the future of work, the company has made the decision. As it restructures its enormous debts through the filing,...

Oil prices fall to their nadir since July

Creative Media NewsWednesday, 8 November 2023, 4:000

A 4% decline, analysts attribute to weakened demand in China and reduced concerns about a broader conflict in the Middle East. Efforts to combat inflation might benefit if a significant decline in global energy prices continues. Brent Crude Futures and China’s Role Brent crude futures declined by 4% to levels not seen since July on...

Lithium deal probe prompts PM António Costa resignation

Creative Media NewsWednesday, 8 November 2023, 0:000

The resignation of António Costa, the Prime Minister of Portugal, followed a search of his official residence by investigators conducting an inquiry into alleged corruption. He stated that while he had not been identified as a suspect, the investigation was incompatible with his ability to remain in office. Inquiry into Alleged Corruption Prosecutors announced their...

Food price inflation drops below 10% for first time since July 2022

Creative Media NewsTuesday, 7 November 2023, 22:000

According to new industry data, a supermarket price war is breaking out as grocery inflation moderates, and the main players in the United Kingdom “up the ante” on promotions. According to market researcher Kantar, for the first time in a decade, in 2023, all of the leading grocers in the United Kingdom increased their share...

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