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North Sea oil and gas firm Petrofac files for administration
Posted onAngus CochraneBBC Scotland News Petrofac Petrofac has offices in Aberdeen, London, Woking and Greater Yarmouth Energy services firm Petrofac has filed for administration. The company, which employs about 2,000 people in Scotland, said its North Sea business would continue to operate as normal. In a statement, Petrofac said it had applied to appoint administrators for…
US probes Nike over white worker discrimination claims
Posted onThe Equal Employment Opportunity Commission (EEOC), which enforces workplace discrimination laws, announced on Wednesday it has demanded company records going back to 2018, including the use of race and ethnicity data, and whether such information influenced executive pay.
Reeves urged to make Budget ‘bold’ or risk future tax rises
Posted onThe chancellor should be “bold” in next month’s Budget or risk future spending cuts and tax rises, an influential think tank has said. The Institute for Fiscal Studies (IFS) is projecting Rachel Reeves will need to find £22bn to make up a shortfall in the government’s finances, and will “almost certainly” have to raise taxes….
UK unemployment rate rises to 5% as jobs market weakens
Posted onMichael Sheils McNameeBusiness reporter Reuters The rate of UK unemployment has risen to 5% in the three months to September, showing signs the jobs market has weakened, according to new official figures. It is the highest rate since the period covering December 2020 to February 2021, according to the Office for National Statistics (ONS) –…
