Business

400 jobs will be lost at British Steel, the proposed losses will be in managerial and back office roles in the UK, Ireland, France and the Netherlands. British Steel employs 4,000 workers in the UK, predominantly in Scunthorpe, but also has plants in Teesside and Workington. Roland Junck, British Steel's executive chairman, said: "To help us achieve this, we have to make difficult decisions and our plans unfortunately include the proposed reduction of 400 roles across our global workforce. "We're...

Nobu Su claims Fred Goodwin used his cash to keep struggling bank afloat

When it comes to hosting a corporate function or organising a business events, the right location and venue is everything. Whether you’re based in the UK or abroad, London should be a serious contender for any event planner wishing to take advantage of the most sophisticated facilities available, while maximise delegate attendance. London has always been one of the most popular destinations in the world, both for business and leisure – the iconic appeal of the UK capital makes it...

The latest Z/Yen Global Financial Centres Index showed New York overtaking the UK's capital for the first time since 2015. The City think tank said there was evidence London had been knocked, but only slightly, by uncertainty over Brexit. However, it doesn’t make great reading to see London knocked off its perch as we approach the potential stormy waters of Post-Brexit Britian. Zurich, Frankfurt, Amsterdam, Vienna, and Milan moved up the rankings significantly. The study reported: "These centres may be...

Michael O’Leary, the boss of Europe’s biggest low-cost airline had some stark warning over a no-deal Brexit He said “Flights to and from Europe will be stopped in a hard deal Brexit,” the Irishman told a news conference. “There is no assurance.” However, he added: “I don’t believe that a no-flight scenario will last for more than a couple of days or a couple of weeks; because I think politically, it is unassailable.” O’Leary said that the negotiations are “running...

JD Wetherspoon have decided to no longer sell Jägermeister (a herbal liqueur from Germany, French brandy Courvoisie and French brandy Hennessy Fine de Cognac. They will offer more drinks from the UK in a bid to crack down on drinks which come from the EU. The move is said to lead to lower prices across its 880 pubs from September 26. So no more Jagerbombs to regret the next day. Wetherspoon has already replaced Champagne with sparkling wines from the...

Brexit could put tens of thousands of Jaguar Land Rover jobs at risk and cost the company £1.2 billion, chief executive Ralf Speth has warned. Speaking to Sky News he highlighted that the company depends on “free, frictionless, seamless logistics", which could come under threat if the right deal is not struck. Speth told the prime minister that the company’s factories faced grinding to a halt if she failed to reach an agreement with Brussels, describing the prospect of a...

If the UK does not mange to agree a deal with the EU,over Brexit, it could lead to tens of thousands UK motor industry jobs being lost. These worrying forecasts come from Ralf Speth, chief exec of Jaguar Land Rover. Speth made these comments at the zero emissions summit in Birmingham. He told Sky News: "Just one part missing could mean stopping production at a cost of £60m a day. That is a huge risk. We depend on free, frictionless,...

Lee Denton, 33, set up a fake company and tricked investors into handing over £475,000 by promising 20 per cent gains on their cash.