A flood of companies announced they were either leaving the CBI or suspending their membership after a series of allegations of sexual misconduct against staff. The rush for the exit door came after the Guardian newspaper reported that a second woman had made a rape allegation – against two male CBI co-workers. Here are some
Business
If one were to compile a list of some of the most prestigious blue-chip UK employers, it would probably include NatWest, BP, Shell, Aviva, the John Lewis Partnership, Virgin Media O2, WPP, Phoenix Group, BT, PwC, EY, Schroders and AstraZeneca. Were that list to be enhanced with prestigious foreign-owned businesses that are major employers in
A dip in retail sales last month could be mainly explained by a hit of poor weather, according to experts. The Office for National Statistics (ONS) said retail sales volumes fell by 0.9% in March – the first month on month decline of the year to date and worse than the 0.5% decline forecast by
The scandal-hit CBI, Britain’s biggest employers’ group, says it has passed fresh information to the police relating to a report of a “serious criminal offence”. The body said it was “liaising closely” with officers as it remains mired by allegations of historic workplace misconduct. They culminated in chief executive Tony Danker being sacked earlier this
Interest in new electric vehicles may be declining, data from the UK’s largest car sales website suggests. The volume of new electric car searches, ad views and messages to retailers on the Auto Trader platform was down nearly two thirds (65%) from the beginning of last year to March this year. Auto Trader has attributed
The government has made it its primary aim to halve inflation by the end of the year but things aren’t quite going to plan. Britain has shot up the leader board and now has western Europe’s highest rate of consumer price inflation. Economists were expecting the headline rate to fall from 10.4% to 9.8% in
The rate of inflation has eased slightly but still remains above 10%, according to official figures showing record costs for some essential foods. The Office for National Statistics (ONS) said the consumer prices index (CPI) measure slowed to 10.1% in March from 10.4% the previous month. Economists had largely expected a figure of 9.8%. The
The number of companies entering insolvency hit its highest level for more than three years in March, according to official figures. Commentators blamed a combination of higher interest rates and wider inflation for the 16% increase recorded last month across England and Wales. The Insolvency Service reported 2,457 corporate insolvencies – up from 1,784 in
The UK’s unemployment rate ticked up to 3.8% in the three months to February, according to official figures that also highlighted a faster than expected spike in wage rises. The Office for National Statistics (ONS) said the jobless rate rose from 3.7% due to a surge in the number of people unemployed for more than
Air France and Airbus have been found not guilty of involuntary manslaughter over the crash of Flight 447 in 2009 that killed 228 people. The Airbus A330 was travelling from Rio de Janeiro to Paris when it crashed into the Atlantic Ocean during a thunderstorm in June 2009, killing people from 33 countries. Both Air
Barclays is joining the ranks of global investment banks taking the axe to jobs amid a slowdown in dealmaking and stock market flotations. Sky News has learnt that the British lender will this week cut more than 100 roles in its investment bank, with sources saying the layoffs would not be confined to a single
A former executive at Funding Circle, the London-listed finance group, has raised millions of pounds to launch a digital platform that promises to give small businesses instant credit decisions. Sky News understands that Jerome Le Luel, who spent nearly seven years as Funding Circle’s chief risk officer and head of lending strategy, is close to
Royal Mail and the Communication Workers Union (CWU) have reached an agreement in principle amid a long-running dispute over pay and employment terms. In a joint statement with Royal Mail, CWU confirmed the agreement will now be considered by the executive of the union before it goes before the membership. The details of the proposed
The giant American financial investor Carlyle is in talks about a major investment in Manchester United Football Club as the auction of the Premier League side nears its concluding stages. Sky News has learnt that Carlyle is among a handful of parties which have pitched proposals to acquire a minority stake in the Old Trafford
Montana has passed a bill banning TikTok in the state. The state House voted 54-43 to pass the bill – which goes further than prohibitions in place in nearly half the states and the US federal government that prohibit the video-sharing app on government devices. The measure now goes to Republican Governor Greg Gianforte for
By Howard Bloom On Wednesday April 12th, NPR announced that it will quit Twitter. It will take down all 52 of its Twitter accounts. Why? Because Twitter has taken the label it uses for state-manipulated propaganda channels like Russia’s Russia Today and China’s CCTV—“state affiliated media”– and has applied it to NPR. Implying that NPR
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