Barclays Reports 12% Decrease in First Quarter Profits Due to Drop in Mortgage Lending and DepositsBarclays, one of the UK’s largest high street banks, has announced a 12% decline in profits for the first three months of the year. The company reported a group pre-tax

Labour Promises Major Shake-Up to UK RailwaysBy [Author] The Labour party has announced plans to bring the railways back into public ownership and establish the Great British Railways (GBR) organization, promising the biggest shake-up to the rail industry in a generation. Shadow transport secretary Louise Haigh

Sainsbury’s Reports Higher Than Expected Profits, Credits Aldi Price Match Campaign and Nectar Card BenefitsSainsbury’s, the country’s second-largest supermarket chain, has announced strong financial results for the 2022/23 financial year, exceeding company forecasts and reporting higher than expected profits.The company reported an underlying pre-tax profit

Nestle, the world’s largest packaged food company, has reported a decrease in sales following a recent increase in prices. On Thursday, the company announced that its first-quarter sales did not meet expectations, with a notable decline in business in North America. Total reported sales for

McLaren Group, the British supercar maker and Formula One team-backer, has provided lenders with positive indications of an improvement in its financial performance despite facing a record loss of £873m in the 2020 fiscal year. According to sources familiar with the matter, McLaren has informed

Unions have expressed their disappointment and concern after their efforts to prevent thousands of job losses at Tata Steel were rejected by the company. In January, Tata announced plans to cut up to 2,800 jobs in the UK, with the majority of those job losses

One of the UK’s leading double-glazing suppliers, Everest, has entered into administration, causing insolvency practitioners to scramble in an effort to save hundreds of jobs. The company, which has been under the ownership of Jon Moulton’s investment firm Better Capital for over a decade, appointed

Former Post Office executive, Angela van den Bogerd, appeared at the inquiry today to provide evidence regarding the faulty Horizon system. Van den Bogerd, who spent over 30 years at the Post Office and was the former people services director, handled complaints about the system.During