Category : Search result: production sector


British Gas owner buys £1.5bn gas terminal

Centrica, the parent company of British Gas, has acquired a £1.5bn gas terminal in a bold move signalling continued reliance on fossil fuels despite the green energy transition.

UK GDP grows 0.4% in Q2 2024

The UK economy expanded by 0.4% in the second quarter of 2024, marking a modest recovery after earlier stagnation. Key sectors like services and production drove growth, though challenges remain.

CBA posts record $10.2bn cash profit

Australia's largest lender, Commonwealth Bank, posts a historic $10.2bn cash profit amid rising interest rates, sparking debate over banking sector accountability.

ITV staff furious over 'brutal' job cuts

ITV production staff express outrage as the broadcaster announces sweeping job cuts, leaving many fearing for their futures in the television industry.

UK car production rises 10% in April

British car manufacturing sees a significant boost in April, driven by robust exports and easing supply chain issues, reports the Society of Motor Manufacturers and Traders.

KPMG UK Faces Backlash Over Bank Remarks

KPMG UK has come under fire after a senior executive made contentious remarks about banks, sparking outrage and calls for accountability. Here’s the full story.

Visa crackdown threatens UK care sector staffing

The UK care sector faces a staffing crisis as Labour's new visa restrictions could deter migrant workers, leaving vulnerable patients at risk. Experts warn this policy is short-sighted and politically motivated.

Santander UK job cuts amid profit push

Santander UK reveals plans to slash jobs as part of a cost-cutting strategy to boost profits. Find out how this decision impacts employees and the banking sector.

HSBC: Bank tax hike risks UK growth

HSBC's CEO cautions that Labour's proposed increase in bank taxes could harm the UK's economic growth, sparking debate over fiscal policy.

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