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New Ownership for Southampton Airport as Part of £1.5 Billion AGS Airports Deal
Southampton Airport is getting a new owner after a major £1.5 billion transaction. The airport, along with Glasgow and Aberdeen airports, was sold by AGS Airports, which was a partnership between Spanish construction giant Ferrovial and the Australian investment firm Macquarie. The new owner, AviAlliance, is an airport management firm that belongs to Canada’s Public […] More
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698k Views
Retailers Warn Government of Inflation and Job Losses Due to New Budget Taxes
Some of the largest retail businesses in the UK have raised serious concerns over recent tax hikes introduced in the latest budget. In a letter drafted by the British Retail Consortium (BRC) and addressed to Chancellor Rachel Reeves, these retailers warn that the new budget will inevitably lead to increased prices for consumers and job […] More
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739k Views
Post Office Announces Closure of 115 Branches, Raising Concerns About Jobs and Community Impact
The Post Office recently revealed plans to close 115 of its branches, a decision that could impact about 2,000 jobs across the UK. Unions and workers have responded with strong criticism, labeling the decision as “immoral” and “tone deaf,” especially as it comes shortly after the fallout from the Horizon IT scandal. The Horizon scandal, […] More
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739k Views
Billionaire Steps In to Save 70 Homebase Stores, But Future Remains Uncertain for 50 More
A well-known bargain store billionaire, Chris Dawson, has come to the rescue of the troubled Homebase chain, saving 70 of its stores after the business went into administration. Dawson, who owns The Range, a popular retail chain, acquired these stores through a “pre-pack” administration deal, helping Homebase avoid complete shutdown, but the future of 50 […] More
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656.9k Views
Electric Car Discounts Soar as Britons Move Away from Petrol and Diesel Vehicles
Electric cars are becoming more affordable for UK consumers, with prices falling dramatically in recent months. This price drop, reaching as much as 33% on some models, comes as manufacturers try to meet their goals for selling electric vehicles (EVs) by the end of the year. The result is the biggest discounts the electric car […] More
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821.1k Views
Leading UK Estate Agent Lowers Long-Term House Price Growth Forecast
A prominent UK estate agent, Hamptons, has updated its expectations for house price growth in the coming years. It now predicts that property prices will rise only modestly, mainly because of the higher interest rates and other economic factors. This decision comes as the effects of rising interest rates continue to influence the housing market. […] More
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780.1k Views
Education and Job Type Strongly Influence Hybrid Working Opportunities, ONS Reports
Since the Covid-19 pandemic, the way we work has changed for many people, with some working part-time in the office and part-time from home. According to a report by the Office for National Statistics (ONS), this “hybrid working” model is much more common for workers with a degree-level education. In fact, the ONS found that […] More
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656.9k Views
How Smart Meter Technology Affects Your Energy Bills: A Look at the North-South Divide
Energy smart meters are becoming an important part of how we use and pay for energy. They help us track our gas and electricity usage in real-time, making it easier for suppliers to send accurate bills. However, a recent investigation has shown that the benefits of these smart meters are not being equally enjoyed across […] More
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780.1k Views
FTX Sues Binance and CEO Changpeng Zhao Over $1.8 Billion Deal
FTX, the once-prominent cryptocurrency exchange, has filed a lawsuit against Binance, another major player in the crypto industry, and its former CEO Changpeng Zhao. This legal battle, filed in a Delaware court on Sunday, seeks to recover $1.8 billion. FTX claims that a 2021 transaction, which involved Binance selling its stake in FTX back to […] More
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533.7k Views
Rachel Reeves Announces Major Pension Reforms to Boost Private Investment
Chancellor of the Exchequer, Rachel Reeves, is set to announce new pension reforms aimed at encouraging more private investment in the UK economy. Her proposed changes are intended to open up significant funding for infrastructure projects and private businesses, which she believes will help strengthen the economy’s foundations and lead to sustainable growth. This announcement […] More