RMT announces March 48-hour rail engineer strikes over wages.

Creative Media NewsSunday, 19 February 2023, 2:000

The RMT union has announced that railway engineering workers will engage in a series of 48-hour strikes in a dispute over pay. After rejecting a 5.5% pay offer, more than 100 workers at the infrastructure firm Balfour Beatty will go on strike from March 3 to 5, March 10 to 12, and March 17 to...

Santander considering £14bn abrdn private equity unit purchase.

Creative Media NewsSunday, 19 February 2023, 0:000

The Spanish banking behemoth is one of a handful of parties interested in acquiring the abrdn unit that maintains investments in private equity funds. The Spanish banking behemoth Santander is in talks to acquire the £14 billion private equity business of the British fund manager abrdn. Santander Asset Management is one of the few parties...

Steel magnate Gupta disputes Aartee management

Creative Media NewsSaturday, 18 February 2023, 22:000

The GFG Alliance of Sanjeev Gupta bought the indirect shareholder of two steel firms that called in administrators this month. After attempting to seize control of one of his largest British clients, the steel magnate Sanjeev Gupta has caused a dispute. Mr. Gupta’s GFG Alliance has acquired control of a Singapore-based business known as Aartee...

YouTube Chief Susan Wojcicki resigns after nine years.

Creative Media NewsSaturday, 18 February 2023, 12:000

Susan Wojcicki, the current Head of YouTube, is resigning after nine years in the position. She stated in a blog post that she had “decided to begin a new chapter centered on my family, health, and personal projects that I am enthusiastic about.” Neal Mohan, YouTube’s chief product officer, will assume leadership of the Google-owned...

Russia plans joint naval drills “with hypersonic missile” as big security summit starts.

Creative Media NewsSaturday, 18 February 2023, 6:000

Russia has previously claimed to have conducted tests of its Zircon weapon, including last month’s Atlantic exercises. A missile-equipped frigate has been dispatched to South Africa in preparation for joint exercises beginning on Friday. Russia is scheduled to participate in a naval exercise with China and South Africa that could include the launch of a...

British Gas owner makes £3.3bn after energy costs triple.

Creative Media NewsFriday, 17 February 2023, 18:000

After oil and gas prices soared last year, British Gas owner Centrica reported enormous profits, prompting renewed demands for energy companies to pay more tax. Profits for 2022 will reach £3,3 billion, more than tripling the £948 million earned in 2021. After Russia invaded Ukraine, oil and gas prices skyrocketed, resulting in record energy sector...

Eight months after purchasing Cath Kidston, owners considering sale.

Creative Media NewsFriday, 17 February 2023, 12:000

Hilco, which acquired the modern vintage brand in July, is exploring a sale after being contacted by multiple interested parties. The owner of the retail company Cath Kidston is considering a sale just eight months after acquiring it. Several prospective purchasers of the modern vintage brand have contacted Hilco Capital, which specializes in purchasing distressed...

Aldi will hire 6,000 additional employees across the UK.

Creative Media NewsFriday, 17 February 2023, 2:000

This year, the German-owned supermarket chain Aldi plans to generate 6,000 new jobs in the United Kingdom. The company will hire personnel for its distribution hubs and several new stores, including locations in Norwich and Newcastle. Aldi has 990 stores and 40,000 employees in the United Kingdom and last year surpassed Morrisons to become the...

Price increases in the UK have slowed but remain near to a 40-year high.

Creative Media NewsThursday, 16 February 2023, 14:000

Olive oil, sugar, and low-fat milk prices have increased as food costs continue to fuel inflation in the United Kingdom. All items jumped by more than 40 percent from December to January, according to official data, with food inflation maintaining at a 45-year high. A Co-op Food executive predicted that supermarket prices will continue to...

UK inflation: Slow but near 40-year peak

Creative Media NewsWednesday, 15 February 2023, 22:000

Ford will eliminate over a thousand jobs in the United Kingdom.

Creative Media NewsWednesday, 15 February 2023, 10:000

The announcement follows the automaker’s intention to produce only electric vehicles by 2035. Ford has announced that 1,300 jobs, or one-fifth of its UK workforce, will be eliminated as part of a Europe-wide restructuring. Ford’s Dunton, Essex headquarters and technological centre will lose most UK jobs. The site will lose 1,000 workers, with 300 administrative...

US inflation remains elevated as house costs bite.

Creative Media NewsWednesday, 15 February 2023, 8:000

In the United States, inflation has declined for the seventh consecutive month, yet prices continue to climb far more rapidly than is deemed healthy. Inflation, the rate at which prices increase, was 6.4% in the 12 months preceding January, as housing, food, and energy prices increased. This was a minor decrease from 6.5% in December....

Most Popular

Most Popular

categories

Highlights

Highlights

Business News

Grid News

Latest Post

Useful Links

Latest News

Latest Business News