Prax Lindsey Refinery Cuts 140 Jobs
The Prax Lindsey oil refinery announces devastating job cuts affecting 140 workers, raising concerns about the UK's energy sector stability and local economic impact in North Lincolnshire.
Category : Search result: investor losses
Tom Watson admits shame over Football Index collapse
Former Labour deputy leader Tom Watson breaks his silence on the Football Index scandal that saw thousands of investors lose their life savings, expressing deep regret over his role in promoting the failed betting platform.
Jobs Report Cancelled: Wall Street's Recession Fear Grows
Financial markets face unprecedented uncertainty as the pivotal September jobs report cancellation leaves investors flying blind during economic turbulence. Discover what this means for recession predictions and your investments.
Barefoot Investor Crisis: La Trobe Account Frozen
Scott Pape's Barefoot Investor community faces a major crisis as La Trobe Financial abruptly freezes its popular Cash Management Account, blocking access to funds for more than 120,000 account holders.
Burberry's glamorous LFW finale contrasts with major job losses
Burberry closed London Fashion Week with a breathtaking show, showcasing glamorous festivalwear and attracting A-list celebrities, while simultaneously navigating significant job cuts within the company.
Wilko Ashton-under-Lyne closure threatens 400 jobs
The potential closure of Wilko's flagship Ashton-under-Lyne store threatens to create a devastating ripple effect throughout the local economy, putting hundreds of livelihoods in jeopardy.
Bodycare to Shut All 70 UK Stores in Major High Street Blow
The health and beauty retailer Bodycare is shutting its entire estate of 70 shops across the UK, resulting in significant job losses and another blow to Britain's struggling high streets.
Domino's Pizza Slashes Over 1,100 UK Jobs
Domino's Pizza Group announces the elimination of over 1,100 roles, primarily affecting delivery drivers, as part of a strategic shift following a business review and changing customer habits.
MI6: Putin 'Humiliated' by Failed Kyiv Invasion
Richard Moore, head of MI6, states Vladimir Putin's failure to capture Kyiv has left him 'humiliated' on the world stage, with Russian forces suffering catastrophic losses in the ongoing conflict.
Next boss: Living Wage hike risks 100,000 retail jobs
Next CEO Lord Wolfson cautions that the National Living Wage increase to £11.44 could trigger significant job losses and price rises across UK retail sector.
Asian Markets Tumble on US Fed Rate Fears
Asian stock markets plunged sharply as fears of prolonged high US interest rates triggered a global sell-off. The Bank of Japan's intervention and regional banking concerns amplify the financial turmoil.
UK Govt in Crisis Talks as Liberty Steel Threatens 2,000 Jobs
Ministers scramble to secure UK's steel future as crisis talks are launched to save Liberty Steel's strategic assets and prevent major job losses in a vital industry.
UTS axes teacher education, slashes 1000+ subjects
The University of Technology Sydney is closing its renowned teacher education programme and cutting over 1000 subjects in a drastic overhaul, citing financial pressures and a shift towards 'future-focused' disciplines.
Mandelson attacks Badenoch over Brexit business damage
Former Business Secretary Peter Mandelson launches scathing attack on current Trade Secretary Kemi Badenoch, claiming her Brexit rhetoric is damaging Britain's economic reputation and investor confidence.
Sky axes 600 UK jobs in major restructuring shake-up
Broadcasting giant Sky announces plans to cut 600 UK roles in a significant restructuring effort, impacting technology and head office teams. The move aims to streamline operations and respond to evolving market demands.
Major UK Bank: AI Could Replace Thousands of Jobs
Exclusive: A leading British bank has warned that artificial intelligence could replace thousands of jobs, signalling a major shift in the UK's financial employment landscape. Discover which roles are most vulnerable.
UK Pay Growth Slumps as Job Losses Mount
New official data reveals a sharp slowdown in UK wage growth and rising job losses, presenting a major economic challenge for Chancellor Rachel Reeves and dashing hopes for interest rate cuts.
Tesla Stock Tumbles as Musk's AI Plans Spark Investor Fury
Tesla shares plummet as Elon Musk's aggressive pivot to AI and robotics sparks a massive investor sell-off, wiping billions from the company's valuation and raising serious questions about its future direction.
UK Jobs Market Warning: Critical Indicator Hits 4-Year High
A major warning signal in the UK jobs market has surged to its highest level in four years, sparking serious concerns about the health of the employment sector and the broader economy.
Sony's 'Madame Web' loses $90M in box office catastrophe
Sony's latest Spider-Man spin-off 'Madame Web' faces a disastrous box office performance, losing an estimated $90 million after a critically panned release.
Putin's Ukraine Grind Fails as Western Aid Flows
Vladimir Putin's brutal campaign to grind down Ukraine is failing as Western ammunition surges to the front, with Russian forces suffering catastrophic losses for minimal gains, defence experts reveal.
UK Retail Giant Collapses, Thousands of Jobs at Risk
A major British retail chain has fallen into administration, threatening the futures of hundreds of stores and throwing thousands of employees into uncertainty. Administrators scramble to find a buyer.
Safeway Shuts Multiple Colorado Stores in Major Shake-Up
Safeway announces the closure of multiple stores across Colorado, citing underperformance. The decision impacts hundreds of employees and leaves communities concerned about food access. Full details on the affected locations and company statements inside.
Trainline shares crash 20% after Labour election win
Trainline's stock value nosedived after the Labour Party's election victory, with plans to create a new state-owned ticketing operator sending shockwaves through the transport sector.
London Tube Strike Day 4; John Lewis Losses Widen
London faces a fourth day of severe Tube strike disruption, crippling the city's transport network. The travel chaos coincides with John Lewis reporting a significant widening of its half-year losses, adding to a bleak midweek outlook for UK business and
Eli Lilly shuts London research centre in major UK science blow
In a significant setback for British research, pharmaceutical titan Eli Lilly is closing its London research and development hub, putting over 100 jobs at risk and raising concerns about the UK's post-Brexit scientific competitiveness.
Unite leader slams Labour over Birmingham job losses
Unite leader Sharon Graham accuses the Labour Party of abandoning workers in Birmingham as the city faces devastating job losses and financial crisis, vowing to put her union's members before party politics.
Greggs Shock: Bakery Giant Closes Multiple Stores
High street bakery titan Greggs has abruptly closed several of its stores, leaving staff and customers reeling. The sudden move, attributed to a 'number of factors', has sparked concern for the future of other locations.
John Lewis blames government for Brighton store closure
John Lewis's flagship Brighton store is set to close, with management citing crippling government business rates as a key factor. The decision puts 300 jobs at risk and deals a major blow to the city's retail heart.
Guzman y Gomez's US expansion hits major roadblocks
Australian fast-food favourite Guzman y Gomez faces significant hurdles in its ambitious US expansion, with reports of financial losses, leadership exits, and a struggle to adapt its menu for American tastes. Is the burrito bubble bursting?
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