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Latest in UK businesses cut jobs at fastest pace since 2009 bar the pandemic

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  • Lloyds to cut 500 jobs and close two offices

    Lloyds to cut 500 jobs and close two offices

    UK bank to review more than 1,500 jobs across multiple departments
    Financial Times - Jan. 15

  • How do UK regulators plan to cut back rules and boost growth?

    Chancellor Rachel Reeves wants the regulatory sector to do more to drive the economy
    Financial Times - Jan. 15

  • Meta to Cut 5% of Staff as Zuckerberg Says He Will 'Raise the Bar'

    CEO Mark Zuckerberg said the job cuts are necessary as the company builds “the most important technologies in the world.”
    The Wall Street Journal - Jan. 14
  • British Airways owner’s transatlantic focus lifts shares to post-pandemic highs

    British Airways owner’s transatlantic focus lifts shares to post-pandemic highs

    Airline group doubles down on premium business between Europe and US
    Financial Times - Jan. 14

  • Gazprom considers record job cuts as Ukraine war ravages finances

    Russian energy group hit by plummet in European gas sales and oil sanctions, putting 1,600 jobs on line
    Financial Times - Jan. 13

  • Spike in UK borrowing costs raises specter of public spending cuts

    Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.
    CNBC - Jan. 13

  • 22-year-old makes $49,000 a year as a teacher while preparing to go into business: My job ‘is super rewarding’

    Aron Olegnowicz-Cruz is a special education teacher in Columbus, Ohio, and part of the Teach for America program.
    CNBC - Jan. 12
  • Coldest January night for UK since 2010 as -18.9C recorded

    Coldest January night for UK since 2010 as -18.9C recorded

    Altnaharra in the Highlands recorded the lowest overnight temperature of the winter in Scotland.
    BBC News - Jan. 11

  • California wildfires highlight the fast pace of home building in fire-prone areas

    “More people are building in fire-prone areas than ever before, and they are not building with fire resistance in mind, because it’s expensive,” one expert said.
    MarketWatch - Jan. 11

  • Dow sees worst start to a year since 2016 as Fed rate-cut hopes fade for 2025

    U.S. stocks are down so far in 2025 as market volatility climbs.
    MarketWatch - Jan. 11
  • Strong Job Market Could Prove Costly for Homebuyers and Businesses. Here’s Why

    Strong Job Market Could Prove Costly for Homebuyers and Businesses. Here’s Why

    The job market has shown resilience with unemployment falling to 4.1 percent last month.
    Inc. - Jan. 10

  • 10-, 30-year Treasury yields end at highest since November 2023 after strong jobs report

    Yields on 10- and 30-year U.S. government debt finished at their highest levels in over a year on Friday after December payrolls data came in stronger than expected, reducing market expectations ...
    MarketWatch - Jan. 10

  • Surprising December jobs growth is denting chances of a first-half Fed rate cut

    Friday’s unexpectedly big increase in December nonfarm payrolls led to a diminished market-based likelihood for any rate cut by the Federal Reserve until September, based on one method of ...
    MarketWatch - Jan. 10

  • 10-year Treasury yield spikes to highest level since late 2023 after hotter-than-expected jobs report

    U.S. Treasury yields jumped after December's jobs report was stronger than expected.
    CNBC - Jan. 10

  • Strong December job growth could augur fewer Fed interest-rate cuts

    Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.
    CBS News - Jan. 10

  • Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail

    Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.
    CNBC - Jan. 10
  • Whitehall braced for spending cuts after UK hit by bond market turmoil

    Whitehall braced for spending cuts after UK hit by bond market turmoil

    Rising gilt yields mean government departments may face further squeeze
    Financial Times - Jan. 10

  • UK businesses back scheme to prevent repeat offending

    Prisons minister James Timpson’s initiative will see people on probation and serving sentences outside jail helped into work
    Financial Times - Jan. 10
  • Microsoft confirms performance-based job cuts across departments

    Microsoft confirms performance-based job cuts across departments

    Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.
    NBC News - Jan. 9
  • 4 in 10 companies planning job cuts due to AI: Survey

    4 in 10 companies planning job cuts due to AI: Survey

    Companies across the globe, at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum's (WEF) latest ...
    The Hill - Jan. 9
  • Winter pressure bad as height of pandemic, NHS says

    Winter pressure bad as height of pandemic, NHS says

    More than 5,400 patients a day are in hospital with flu, as delays in A&E and for ambulances mount.
    BBC News - Jan. 9

  • Microsoft confirms performance-based job cuts across departments

    Microsoft said it's cutting a small percentage of jobs across departments, based on performance.
    CNBC - Jan. 9

  • Listed UK water utility dividends exceed private peers’ payouts for first time since Thatcher

    First-time publicly traded companies pay out more than privately held rivals since privatisation
    Financial Times - Jan. 9

  • Civil servant long-term sickness hits post-pandemic high in UK

    Ministry of Justice was department with highest average length of absence
    Financial Times - Jan. 9
  • Used vehicle prices expected to continue to stabilize in 2025 after pandemic volatility

    Used vehicle prices expected to continue to stabilize in 2025 after pandemic volatility

    Used vehicle prices are expected to continue to stabilize in 2025 after swinging wildly for several years before starting to calm down in 2024.
    NBC News - Jan. 8
  • Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts

    Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts

    Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premises
    Financial Times - Jan. 8

  • Used vehicle prices expected to continue to stabilize in 2025 after pandemic volatility

    Cox Automotive expects wholesale prices on its Manheim Used Vehicle Value Index will end this year 1.4% higher than in December 2024.
    CNBC - Jan. 8
  • UK 10-year borrowing costs hit highest level since 2008

    UK 10-year borrowing costs hit highest level since 2008

    Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rules
    Financial Times - Jan. 8
  • Trump ‘considering national economic emergency declaration’ to allow new tariffs; UK 10-year borrowing costs highest since 2008 – business live

    Trump ‘considering national economic emergency declaration’ to allow new tariffs; UK 10-year borrowing costs highest since 2008 – business live

    Bond selloff drives yield on 10-year UK bonds to highest since 2008 financial crisis. Rise in UK borrowing costs could push Reeves to new public spending cuts Two UK investment trusts have ...
    The Guardian - Jan. 8
  • Quits sink to lowest level since the height of the pandemic

    Quits sink to lowest level since the height of the pandemic

    The number of people quitting their jobs fell in November to the lowest level since the height of the pandemic as the number of job openings popped to its highest level since May — both signs of a ...
    The Hill - Jan. 7
  • UK long-term borrowing costs hit highest level since 1998

    UK long-term borrowing costs hit highest level since 1998

    Rising interest costs raise fears about chancellor’s ability to hit revised fiscal rules
    Financial Times - Jan. 7

  • UK high-speed rail line told to cut charges

    Regulator rules fees should come down by 3.8% compared with HS1’s proposal
    Financial Times - Jan. 6

  • UK firms plan price rises as business confidence falls to lowest level since 2022 ‘mini-budget', survey finds

    Firms across hospitality, manufacturing, construction and healthcare expressed concerns about how they would cover additional tax costs.
    CNBC - Jan. 6
  • UK businesses plan price increases as Budget drives up costs

    UK businesses plan price increases as Budget drives up costs

    Tax and wage rises have caused confidence to ‘slump’, warns British Chambers of Commerce
    Financial Times - Jan. 5
  • UK weather: power cuts, traffic chaos and cancelled flights due to heavy snow

    UK weather: power cuts, traffic chaos and cancelled flights due to heavy snow

    Closed roads, multi-vehicle collisions and train problems reported as Met Office warnings remain in place. Live UK weather updates Homes were left without power, roads were closed, cars ...
    The Guardian - Jan. 4
  • Streeting to unveil extra funding for English hospitals that cut waiting times fastest

    Streeting to unveil extra funding for English hospitals that cut waiting times fastest

    Health secretary’s move intended to push NHS leaders to achieve government’s 18-week non-urgent treatment ‘milestone’
    Financial Times - Jan. 4

  • Breast cancer rates rising fastest in younger women, study finds

    New research reveals breast cancer rates are increasing faster among younger women than any other group. Elaine Quijano reports on the findings.
    CBS News - Jan. 3
  • UK businesses issued with record fines for filing accounts late

    UK businesses issued with record fines for filing accounts late

    Companies continue to struggle with rising costs and higher interest rates in the aftermath of the pandemic
    Financial Times - Jan. 3
  • Bugatti Mistral Sets New World Speed Record for Fastest Convertible

    Bugatti Mistral Sets New World Speed Record for Fastest Convertible

    Yahoo News - Jan. 2
  • Are we ready for another pandemic?

    Are we ready for another pandemic?

    After Covid-19, world leaders agreed to work together to strengthen global health systems, but negotiations on a new agreement have stalled. Five years ago, the world was hearing the first reports ...
    The Guardian - Jan. 2
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