Business NEWS

Jaguar Land Rover to shed 1,000 temp workers

Jaguar Land Rover has announced that the contracts of 1,000 temporary workers in the UK will not be renewed, according to BBC News. The auto giant has cited ‘continuing headwinds’ impacting the car … Continue reading “Jaguar Land Rover to shed 1,000 temp workers”


New Peugeot van to be built in Luton

Peugeot has unveiled plans to build its new van model at its British Vauxhall plant in Luton, according to Reuters. Peugeot’s owner PSA’s announcement will be seen as a gesture of confidence in … Continue reading “New Peugeot van to be built in Luton”


Nobel Upstream Completes Risk Service Agreement with SOCAR Over Azerbaijan Umid-Babek Gas Condensate Field In Caspian Sea

27th March 2018 – London An announcement has been released by Nobel Upstream, an independent oil and gas exploration and production company with its base in the UK, that it will be entering … Continue reading “Nobel Upstream Completes Risk Service Agreement with SOCAR Over Azerbaijan Umid-Babek Gas Condensate Field In Caspian Sea”


UK new car registrations fall 10% in two years

New car registrations are set to fall 5.5% in 2018, making the UK the worst performing economy of the major European nations, according to BBC News. Spain, Italy, Germany and France are all … Continue reading “UK new car registrations fall 10% in two years”


Prezzo to close one third of its restaurants

Italian restaurant chain Prezzo is to close around one third of its outlets as part of a restructuring plan to avoid the company going into administration, according to BBC News. The restaurant chain, … Continue reading “Prezzo to close one third of its restaurants”


Plans for new Northumberland coal mine scuppered

Plans to develop an open cast coal mine in the North East of England have been rejected on climate change grounds, according to Reuters. Last year Northumberland County Council approved a proposal from … Continue reading “Plans for new Northumberland coal mine scuppered”


US hurricanes contribute to £2bn annual loss for Lloyd’s of London

Pre-tax losses for Lloyd’s of London reached £2bn last year, the first time the insurer has incurred an annual loss in six years. According to BBC News, this was a sharp reversal after … Continue reading “US hurricanes contribute to £2bn annual loss for Lloyd’s of London”


Unilever HQ to move to Rotterdam

Unilever has announced that it will move its headquarters from London to the Dutch city of Rotterdam, according to BBC News. The international giant said having a single legal entity in the Netherlands … Continue reading “Unilever HQ to move to Rotterdam”


Sainsbury’s to increase basic pay rate, remove Sunday working premiums

Sainsbury’s has announced a shake-up of working conditions for its employees, according to the Guardian. Staff are to receive a higher rate of basic pay but paid breaks and Sunday premium pay and … Continue reading “Sainsbury’s to increase basic pay rate, remove Sunday working premiums”


AXA to buy XL Group for $15.3bn

AXA is to acquire 1005 of XL Group Ltd, according to Actuarial Post. The purchase price is said to be $15.3bn, to be paid in cash. Under the terms of the agreement, which … Continue reading “AXA to buy XL Group for $15.3bn”


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