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High Court rules Baroness Mone-linked company breached £122m Covid contract
Posted onRachel ClunBusiness reporter Getty Images A company linked to peer Baroness Mone and her husband Doug Barrowman has been ordered to pay £122m in damages after a judge ruled it breached a government contract for the supply of personal protective equipment (PPE) during the Covid pandemic. The Department of Health and Social Care sued PPE…
TGI Fridays closes 16 UK stores, with 456 job losses
Posted onJemma CrewBusiness reporter PA Media TGI Fridays has closed 16 of its UK restaurants, putting 456 employees out of work. The American-inspired casual dining chain’s remaining 33 restaurants will continue to operate after the business was sold in a rescue deal. Interpath was appointed as administrator to Liberty Bar and Restaurant group, which managed the…
Starbucks workers and unions in 10 countries to protest in support of US baristas
Posted onStarbucks workers and union members in England, Scotland and eight other countries are set to protest on Wednesday in support of striking US employees, the company’s US union told the BBC. Starbucks Workers United last month launched a strike, which the union said has expanded to 3,000 baristas in more than 100 US cities. Workers…
Hurricane season brings financial fears in the Caribbean
Posted onGemma HandyBusiness reporter, St Johns, Antigua Getty Images Homes in Barbuda were flattened by 2017’s Hurricane Irma For some Barbudans, thunderstorms still trigger flashbacks of the night in September 2017 when they lost everything they owned to Hurricane Irma’s devastating winds. Eight years on, while memories may be close to hand, home insurance for many…
North Sea drilling restrictions to be relaxed in new Labour plan
Posted onPlans to relax restrictions on new oil and gas drilling in the North Sea will be unveiled on Wednesday under the government’s North Sea Strategy. Chancellor Rachel Reeves will announce the publication of the strategy as part of her Budget speech, the BBC understands. The Department for Energy Security and Net Zero will release a…
My husband would still be alive if hed received Post Office compensation
Posted onEmma SimpsonBusiness correspondent Jonathan Armstrong died in October before receiving full compensation A sub-postmaster whose life was ruined by the Post Office’s faulty accounting software has died without receiving his full compensation. Jonathan Armstrong passed away in October from a heart attack at the age of 58. His widow, Sarah, is now looking into claiming…
