Banking giant Investec has confirmed plans to axe 210 jobs from its London headquarters amid a ‘challenging economic backdrop’. The firm said it will slash around 13 per cent of roles in the capital in order to help ‘simplify and focus the business’ amid the pandemic. Investec added its performance in the five months to … Read more
The food industry is being urged to ‘voluntarily’ cut calories from some of the nation’s favourite foods in order to curb the obesity crisis. The Government is urging the food industry – particularly restaurants and takeaways – to reduce calories in many products. The calories in some foods should be reduced by as much as … Read more
Rail companies will slash one in ten services as passenger numbers struggle to bounce back after lockdown Some trains on hourly services will now be cut to running every two hours Operators are focusing their resources on commuter and school services Sundays will be hardest hit, operating at 76 per cent of the normal timetable … Read more
Flights to Portugal have risen sixfold, but hotels have slashed prices as Britons plan a late summer getaway now the country is back on the UK’s ‘green list’. Transport Secretary Grant Shapps announced yesterday that quarantine will not be required on return to the UK from Portugal, leaving travel companies expecting a surge in bookings … Read more
The travel industry has today been plunged further into crisis as transport firms announced they have slashed capacity and routes due to a drop in demand. Budget airline easyJet axed bases in Stansted, Southend and Newcastle in a cost-cutting drive – as Ryanair grounded flight capacity by a fifth. Meanwhile Brittany Ferries, which run 12 ships … Read more
BREAKING: River Island announces it will slash 350 jobs in a major store management shake-up – and another devastating blow for the high street By Dan Sales For Mailonline Published: 13:05 BST, 14 August 2020 | Updated: 13:06 BST, 14 August 2020 River Island has announced it will slash 350 jobs in a major store … Read more
Rail chiefs call for rises in road tax and aviation fuel levy to slash carbon emissions and encourage more people to travel by train Rail Delivery Group propose increasing fuel duty for the first time in a decade They also want to raise taxes on road and aviation fuel to cut carbon emissions AA argued … Read more
Debenhams is to axe 2,500 jobs across its stores and warehouses in an attempt to cut costs after sales plummeted during the coronavirus lockdown. The department store is scrapping the roles of sales manager, visual merchandise manager and selling support manager as part of a management restructuring process. The move, which was first reported by … Read more
Now Pret asks staff to slash their hours by a fifth as workers’ slow return to the office hampers its recovery Pret a Manger ask staff to slash their working hours by as much as 20 per cent Bosses hope that by cutting hours they will able to reduce total job losses The chain has … Read more
BP boss admits ‘socially challenged’ fossil fuel industry is seen as ‘bad’ as he vows to slash production by 40% in drive to become carbon neutral by 2050 Bernard Looney, 49, says he knows the industry is perceived as ‘bad’ by society Last year alone, BP was responsible for 415 million tons of carbon emissions … Read more