Millions of motorists mis-sold car finance deals could receive average payouts of around £700, under a compensation scheme announced by the Financial Conduct Authority (FCA) on Tuesday. The regulator estimates that 14 million finance agreements between April 2007 and November 2024 were affected by unfair commission practices, leading to anContinue Reading
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails The Co-operative Group is expected to shed light on the impact of a damaging cyberContinue Reading
Asahi Group, Japan’s largest brewer, has partially restarted beer production at all six of its breweries after a cyber-attack last week forced a temporary shutdown across its domestic operations. The company said production of its flagship Asahi Super Dry beer had resumed, along with limited output at facilities producing softContinue Reading
Delivery company DPD is facing potential disruption after hundreds of drivers began three days of action in protest at cuts to their pay for delivering small parcels. The company has reduced payments for such deliveries by 65p per parcel, a change that self-employed and franchised drivers say could reduce theirContinue Reading
OpenAI has agreed a multibillion-dollar partnership with Advanced Micro Devices (AMD) to secure massive computing power for its next generation of artificial intelligence models — a direct challenge to Nvidia’s dominant position in the global AI chip market. Under the five-year deal, OpenAI will purchase up to 6 gigawatts ofContinue Reading
Gold prices have surged to fresh record highs, breaching $3,900 an ounce for the first time as investors sought refuge from global economic and political uncertainty. The precious metal traded at $3,956.19 per ounce in late deals, extending this year’s gain to almost 50 per cent. The rally has beenContinue Reading
Billionaire Sir Jim Ratcliffe’s petrochemicals group Ineos has announced plans to cut 60 jobs at its Hull Acetyls plant in East Yorkshire, citing “dirt-cheap, carbon-heavy imports from China” and “sky-high” UK energy costs. The redundancies represent around a fifth of the site’s workforce, and follow the closure earlier this yearContinue Reading
UK investors withdrew a record £3.6 billion from equity funds during the third quarter, marking the worst three-month run for stock market investments since Calastone began compiling data in 2015. The figures highlight growing caution among investors who have been spooked by high valuations and global uncertainty, prompting a decisiveContinue Reading
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails The Big Issue has partnered with a tech company to equip charities and other organisationsContinue Reading
Ask Dr. Markus Rechlin what matters most in business and he won’t point to balance sheets or market forecasts. He will tell you about people. One story he often recalls comes from his time at SLM Solutions, when a young assistant revealed untapped potential and reminded him that real leadershipContinue Reading
