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DPD drivers take action in row over payments
Delivery firm DPD could face disruption to its services after some of its drivers began three days of action in a dispute over payments. The drivers involved are refusing to work for three days after DPD said it was cutting the amount it pays for deliveries of small parcels by 65p. One driver told the…
Co-op says cyber-attack cost it £206m in lost sales
The Co-op has said the cyber-attack it suffered earlier this year cost it at least £206m in lost revenues. The retailer’s IT networks were infiltrated by hackers in April, resulted in payment problems, widespread shortages of goods in shops, and the loss of customer data. Co-op chair Debbie White said the “malicious” attack had caused…
Trump raises US tariffs on South Korea imports to 25%
US President Donald Trump has announced he is raising tariffs on South Korean imports to 25% after accusing Seoul of “not living up” to a trade deal reached last year. In a post on social media, Trump said he would increase levies on South Korea from 15% across a range of products including automobiles, lumber,…
Reeves acknowledges she is looking at tax and spending ahead of Budget
Chancellor Rachel Reeves has acknowledged she is “looking at tax and spending”, ahead of her autumn Budget next month. Reeves said she would “always make sure the numbers add up”, in an interview with Sky news against a backdrop of slow economic growth and mounting government debt. The chancellor has previously hinted at tax rises,…
Demand for online jewellery boosts December retail sales
Demand for online jewellery helped boost retail sales in December, despite a difficult festive period overall for retailers, figures show. Sales were up 0.4% from the previous month, the Office for National Statistics (ONS) said, citing online jewellers reporting an increased demand for precious metals such as gold and silver. Internet shopping performed well, while…
