Financial Conduct Authority estimates 356,000 mortgage debtors may have payment issues by June 2024.

Creative Media NewsFriday, 10 March 2023, 20:000

People between the ages of 18 and 34 who reside in London and the South East are most likely to be financially strapped. According to an analysis by the Financial Conduct Authority, hundreds of thousands of mortgage holders could experience payment difficulties by the end of next year. In addition to the households already behind...

Boots reduces the value of loyalty points but covers more goods

Creative Media NewsFriday, 10 March 2023, 18:000

As consumers seek value during the cost-of-living crisis, the retailer informs Advantage members that the program now provides more immediate discounts, as they had requested. Boots, the largest health and beauty retailer in the United Kingdom, has announced adjustments to its loyalty program that will reduce the value of points but offer more instant discounts....

Government wants British Business Bank chair amid mandate debate

Creative Media NewsFriday, 10 March 2023, 14:000

Within three months, the government hopes to replace Lord Smith of Kelvin at the helm of its economic development bank. Amid an intensifying political debate over its future, the government has begun its search for a new chief of its economic development bank. In the next three months, ministers intend to appoint a successor to...

Fraud case against three ex-G4S executives collapses after 10 years of inquiry

Creative Media NewsFriday, 10 March 2023, 12:000

The Serious Fraud Office has been criticized for squandering millions of pounds of taxpayer money over a decade, while the lives of defendants who were cleared after no evidence was presented have been “ravaged.” Following a 10-year investigation, charges have been dismissed against three former executives of G4S’s electronic tagging division who were accused of...

US bank health worries cause a global stock market sell-off.

Creative Media NewsFriday, 10 March 2023, 10:000

Companies like HSBC fall as the Wall Street sell-off last night spreads abroad. The future of a reputable US financial institution has taken center stage as banking and other financial equities around the world have taken a beating due to concerns about their ability to manage the rising cost of money. SVB Financial Group, the...

UK economic growth is boosted by schools and football in January

Creative Media NewsFriday, 10 March 2023, 8:000

The economy expanded faster than anticipated in January, aided by increased school enrollment and the resumption of Premier League football following the World Cup. Official figures showed the economy expanded by 0.3%, recuperating from a sharp decline in December. The prime minister said “confidence is returning” with the economy “better than people had anticipated”. The...

BMW revs up £500m plot to secure Mini production in Britain

Creative Media NewsThursday, 9 March 2023, 18:000

The German carmaker plans to reveal the investment in its Cowley plant. It will include a £75m government grant, in several weeks. BMW, a German automobile manufacturer, is finalizing plans to invest hundreds of millions of pounds in its Oxford facility. Securing the future production of the iconic Mini in the United Kingdom. According to...

RMT puts Network Rail’s “new and improved offer” to the poll

Creative Media NewsThursday, 9 March 2023, 16:000

Passengers will continue to experience delays as a result of RMT industrial action scheduled for March 16, 18, 30, and April 1 against the 14 train operators represented by the Rail Delivery Group. The Rail, Maritime, and Transport Workers union (RMT) is presenting a “new and improved” pay offer from Network Rail to its members...

Adidas may sell Yeezy shoes and donate the proceeds.

Creative Media NewsThursday, 9 March 2023, 14:000

Adidas is still debating what to do with the €1.2 billion (£1 billion) worth of shoes from Kanye West’s Yeezy line that has accumulated since the sportswear behemoth ended its partnership with the rapper last year. Fans unfazed by Mr. West’s anti-Semitic remarks, which prompted the break, may still be able to purchase the merchandise....

Business News

Toblerone will remove the Matterhorn logo from packaging because it is no longer made in Swiss.

Creative Media NewsMonday, 6 March 2023, 20:000

The 1908 Bern chocolate bar will now have a stock peak. Instead of the Matterhorn, a different typography, and the words “established in Switzerland.” Due to a change in a production location, Toblerone will no longer feature the Matterhorn mountain peak in its trademark. Due to strict regulations regarding the use of Swiss iconography, the...

WH Smith was hacked, with hackers accessing employee info.

Creative Media NewsFriday, 3 March 2023, 18:000

The high-street retailer claims that its website, customer accounts, and customer databases are on distinct, unaffected systems, and an investigation into the incident has been initiated. WH Smith reported being the subject of a cyber attack in which hackers gained access to company data. The high street retailer added hackers have also been able to...

Starbucks fired US union workers illegally, a judge finds.

Creative Media NewsThursday, 2 March 2023, 18:000

Starbucks fired six New York state workers in retaliation for unions, according to an NLRB judge. According to the judge, the firm violated federal labour law at its Buffalo and Rochester stores. The coffee chain has been ordered to rehire the former employees and compensate other affected individuals. Starbucks responded that its actions were legal...

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