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Business News
The jobs of more than half of the workforce at the DIY chain Homebase are at risk after the retailer's owners called in administrators following a failed attempt at a sale.
The Post Office has announced that more than 100 crown branches - those owned by the company directly - could close, with the possible loss of hundreds of jobs.
The Range, the privately owned general merchandise retailer, is closing in on a deal to snap up a large chunk of Homebase which will save close to 1,500 jobs but raise doubts about at least 1,700 more.
A union representing Post Office staff has lashed out at proposals that could result in 115 branch closures and significantly more than 1,000 workers losing their jobs, by describing them as "immoral".
P&O Ferries spent more than £47m summarily sacking hundreds of seafarers in 2022, helping it cut losses by more than £125m and putting it on a path to profitability, according to accounts due to be published in the coming days.
Crisis-hit Thames Water says it has received enough support from its creditors to potentially secure up to £3bn in emergency funding.
Some of Britain's biggest retailers have warned the chancellor that last month's budget will stoke inflation in the economy and spark job losses as tax hikes add nearly £2.5bn to the industry's annual tax bill.
P&O Ferries' summary sacking of hundreds of seafarers in March 2022 was and remains perhaps the most ruthless act of "restructuring" in British corporate history.
When retired policeman Roy Faulkes goes on a walk, he is still on the lookout - but instead of criminals, he is on the hunt for abandoned properties.
The government is to unveil plans for a shake-up of Britain's payments infrastructure which will involve the Bank of England being given a more powerful role overseeing it.
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