Category Business

More than 1,000 Passport Office workers will go on strike for five weeks over a dispute about jobs, pay and conditions, unions say. Members of the Public and Commercial Services union working across England, Scotland and Wales will take part…

Jacqueline Gold, the boss of the lingerie and sex toys chain Ann Summers, has died aged 62. The businesswoman died on Thursday evening after seven years of treatment for breast cancer. Ms Gold is credited with transforming the firm from…

Airlines including Wizz Air and Ryanair owe millions of pounds to passengers from unpaid refunds and expenses, according to an investigation by the consumer group Which?. It called on the government and regulators to take urgent action over the £4.5m…

Rolls-Royce has received funding from the UK Space Agency to develop a nuclear reactor for a moon base. The project will look into how nuclear power could be used to support a future base on the moon for astronauts. Scientists…

In today’s global business environment, digital transformation in procurement represents the difference between simply managing spending and managing spending intelligently. Enterprises manage spending in countless areas, whether indirect and direct materials, travel and expenses, or external services and labor. Technology…

  Depositors heaved a sigh of relief when news broke Sunday that the Federal Deposit Insurance Corporation was going to make whole all of the accounts held at Silicon Valley Bank. Having full access to bank accounts meant those tech…

Virgin Orbit has paused its operations and furloughed its workforce as it hunts for a funding lifeline. The satellite launch company, based in California, will put all work on hold for at least a week with just a skeleton team…

The UK now ranks 29th in a global chart of life expectancy, down from seventh place in 1952, according to new analysis. Researchers warned that the UK was slipping down the global ranks, performing worse over the past seven decades…

The John Lewis Partnership has confirmed that it will ditch the annual bonus for its 74,000 employees next year after it sank back into the red. The employee-owned group posted a loss before exceptional items and tax of £78 million…

Deliveroo shares have continued to pedal downwards this morning as investors struggle to regain confidence in the brand following its decision to slash some 350 job roles and disastrous IPO listing. It comes as the food delivery group, which has…