Online fashion retailer Boohoo has launched an independent review of its UK supply chain after allegations about working conditions at one factory. The company said it was “shocked and appalled” by claims in the Sunday Times that workers at a site in Leicester were being paid as little as £3.50 an hour, well below the
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Ineos has suspended plans to build a new 4×4 vehicle in south Wales and may make the vehicle at a site in France instead. The factory in Bridgend had been expected to create up to 500 jobs, providing a boost to automotive workers just as Ford closes its engine plant in the town with the
UK shopping visits are still only at half the level of last year and the reopening of pubs and cafes failed to deliver a hoped-for boost, according to industry figures. Footfall was down 49.6% for the week ending 4 July compared to the same week a year ago, the British Retail Consortium (BRC) said. The
Global stock markets have surged despite rising clusters of coronavirus infections threatening to derail economic recovery. Investors took the lead from China’s benchmark Shanghai Composite index, which jumped by 5.8% on Monday to record its biggest daily increase in five years. Analysts said the share spending spree was fuelled by cheap funding to invest in
The UK’s pilots’ union has told members it has reached an outline deal with British Airways (BA) that will likely result in significant pay cuts to save jobs. The British Airline Pilots’ Association (BALPA) is expected to ballot all of its members on the deal over job cuts and changes to pay and conditions early
The UK is poised to end the use of Huawei technology in its 5G network as soon as this year over security concerns. Boris Johnson is set for a major policy change after GCHQ is believed to have reassessed the risks posed by the Chinese company, The Sunday Telegraph said. The prime minister decided in
One of Britain’s oldest regional newspaper groups has put itself up for sale as it races to find new investors willing to plug a funding deficit exacerbated by the COVID-19 pandemic’s disastrous impact on industry-wide advertising revenues. Sky News has learnt that Archant, which was established in 1845 and publishes titles including the Eastern Daily