RMT union rejects Christmas strike offer

Creative Media NewsMonday, 5 December 2022, 16:000

Monday is anticipated to see the continuation of negotiations aimed at preventing train strikes before Christmas after the RMT union rejected an early offer from the group representing train companies. In eight days, the latest round of strikes by union members at fourteen railway companies and Network Rail will commence. The Rail Delivery Group (RDG)...

Industry chiefs warn pubs may close without additional energy bill relief.

Creative Media NewsMonday, 5 December 2022, 9:000

According to industry experts, the economic shocks of COVID, Brexit, and the war in Ukraine have exerted prolonged pressure on firms, particularly those in the entertainment industry, and the energy crisis may be the final straw. Many pubs and breweries across the United Kingdom will be forced to close unless they obtain additional energy assistance,...

Reducing energy costs will take years Says power executive

Creative Media NewsSunday, 4 December 2022, 17:000

The CEO of one of the world’s largest energy companies told that restoring energy prices to pre-Ukraine war levels “would take years.” Enel’s Francesco Starace stated that new energy sources, including renewables and heat pumps, are necessary to reduce prices. Governments around Europe invest billions to assist businesses and households in paying their energy costs. Additionally,...

The rail strike has been cancelled at the expense of paid sick leave.

Creative Media NewsSunday, 4 December 2022, 5:000

A few years ago, when Gabe Christenson began to feel ill, he did not visit the doctor. The 45-year-old train worker, like almost 30 million other Americans, did not have paid sick leave and feared being punished for taking time off. According to Gabe, his company’s attendance policy penalized employees for any time away. “Therefore,...

McLaren is in talks to raise £250 million.

Creative Media NewsSaturday, 3 December 2022, 16:000

The Formula One team owner is in discussions with the national wealth funds of Bahrain and Saudi Arabia regarding a funding injection to propel it into the electric vehicle era. McLaren Group, the British supercar manufacturer and owner of a Formula One team, is in discussions to secure hundreds of millions of pounds in new...

Total Energies cuts North Sea investment over windfall tax

Creative Media NewsSaturday, 3 December 2022, 9:000

As a result of the extension of the windfall tax on oil and gas companies in the United Kingdom, the French oil company TotalEnergies has said it will reduce its North Sea investments by 25 percent in the coming year. The company will reduce spending on new wells in the region by £100 million. Last...

New wage dispute threatens strikes, prolonging transit delays.

Creative Media NewsSaturday, 3 December 2022, 5:000

The Elizabeth line in London has become the next battleground in the ongoing union action over pay, with the TSSA union declaring that any walkouts will result in the cessation of service. Early next month, commuters on the Elizabeth line through London could be affected by strike action, adding to broad disruptions in the transportation...

More energy suppliers could go bankrupt, warns Centrica CEO Chris O’Shea.

Creative Media NewsThursday, 1 December 2022, 14:000

According to the chief executive officer of Centrica, government assistance for energy could be at risk if energy companies fail. The chief executive officer of Centrica, which owns British Gas, has warned that more energy suppliers could fail this winter, taking with them government subsidies meant for customers. Chris O’Shea told that the energy market in...

Joules administrator nears deal with Foschini

Creative Media NewsThursday, 1 December 2022, 13:000

The Foschini Group, which also owns Hobbs and Whistles, is in advanced negotiations to acquire around three-quarters of Joules’ stores. The administrator of the bankrupt fashion store Joules is close to reaching a rescue agreement with the South African owner of Phase Eight. The Foschini Group (TFG) is nearing a deal to purchase the majority...

Eurostar security personnel will go on strike before to Christmas.

Creative Media NewsThursday, 1 December 2022, 12:000

In a salary dispute, Eurostar security personnel will go on strike for four days in the days leading up to Christmas. The walkouts are scheduled to occur on December 16, 18, 22, and 23. Employed by a private contractor, Rail, Maritime, and Transport (RMT) union members voted overwhelmingly in favor of the action. More than...

HSBC will close 114 branches since more customers bank online.

Creative Media NewsWednesday, 30 November 2022, 20:000

Since the epidemic, HSBC said it would close 114 more branches in the United Kingdom beginning in April since the number of clients utilizing these locations has decreased dramatically. The bank stated that it will attempt to reassign affected employees, but around one hundred will be laid off. In recent years, many bank branches have...

EasyJet expects stronger reservations as disruptions hurt profitability.

Creative Media NewsWednesday, 30 November 2022, 5:000

The airline informs investors that it tends to do well in adverse economic circumstances as it pays the price for post-pandemic difficulties that dulled its summer performance. EasyJet expects to build on a solid summer, despite consumer budget restrictions, after COVID and post-pandemic disruptions brought it to an annual deficit. The no-frills airline posted a...

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