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The true cost of cyber hacking on businesses
Posted onTheo LeggettInternational Business Correspondent BBC The first day of September should have marked the beginning of one of the busiest periods of the year for Jaguar Land Rover. It was a Monday, and the release of new 75 series number plates was expected to produce a surge in demand from eager car buyers. At factories…
Food price rises slow as UK inflation remains at 3.8%
Posted onCharlotte EdwardsBusiness reporter, BBC News Getty Images Food inflation fell, according to the latest figures Food and drinks prices in the UK are increasing at their slowest rate in more than a year, while overall inflation remains unchanged for the third month in a row. Month-on-month, the cost of food and non-alcoholic drinks actually edged…
Nestle to axe 16,000 jobs as new boss pushes to cut costs
Posted onFood and beverage giant Nestle said it will cut 16,000 jobs over the next two years, as its new CEO Philipp Navratil pushes to focus on products with the “highest potential returns”. The Swiss company must “change faster” to keep pace with a changing world and adopt a “performance mindset” that does not accept losing…
Rachel Reeves unveils plan to cut red tape for business
Posted onChancellor Rachel Reeves has said she plans to scrap “needless form filling” in a bid to boost business growth. Speaking at a regional investment summit in Birmingham, the chancellor said the reforms would boost growth and “make the UK a top destination for global capital”. Ahead of the Budget next month, Reeves acknowledged that “for…
Heathrow scraps 100ml liquid container limit
Posted onKaty AustinTransport correspondent Getty Images The switch to CT scanners means clear transparent bags are no longer needed at the airport Passengers at Britain’s biggest airport, Heathrow, can leave liquids in containers up to two litres in their bags while going through security, after it finally completed the rollout of new high-tech CT scanners. Electronics…
