‘You feel shame’ – the reality of romance scams
Craig TaylorRomance scams rose by 64% in the first half of the year, figures show, as fraudsters target victims directly. BBC News – Business
Business
Sainsbury’s and Argos store cuts in £500m cost-cutting plan
bethkent ✅Sainsbury’s has announced their shake-up plan to help save £500m over the next five years. The company said they will shut 70 Argos stores and relocate 80 of its supermarkets. Sainsbury’s will also close 15 large supermarkets and 40 convenience stores. The company will open around 120 new grocery outlets which will be mainly convenience…
The British Airways strikes have cost £121m
British Airways owner International Airlines Group (IAG) said the strikes by pilots cost the company around £121m. The strikes were done by pilots over a dispute of pay and conditions. The two day strike saw a total of 2,325 flights being cancelled. These strikes are likely to affect the company’s profits, the expect a 6%…
Hinkley Point C nuclear plant to run £2.9bn over budget
Power company EDF says “challenging conditions” mean the final bill could now be up to £22.5bn. BBC News – Business
Thomas Cook bosses face scrutiny over collapse
The government says the official probe into Thomas Cook’s failure must look at bosses’ actions. BBC News – Business
Thomas Cook customers begin to fly home after liquidation
The first of the 155,000 British tourists are being flown back home after Thomas Cook has collapsed and gone into liquidation. The UK Civil Aviation Authority (CAA) said the tour operator had “ceased trading with immediate effect”. This prompted the UK’s biggest programme to bring 150,000 customers home. The programme is named Operation Matterhorn and…