Tesla has said it will have to cut jobs by 7% after the “most challenging” year in its history. (Despite their revenue soaring). in an email to employees that he also shared on the firm’s website, Elon Musk said that growth at the firm had been good. But he added the firm’s cars were still…
Japan’s Hitachi is suspending work on the Wylfa Newydd plant in Wales amid concerns over rising costs. BBC News – Business
After yesterdays steep fall Sterling has stabilised against the Dollar and made small gains. The markets hate uncertainty and although the picture is still as clear as mud at least Mrs May’s initial flawed plan is off the table. Although there has been a lot of fixation about the exchange rate it has traditionally been volatile –…
Marks and Spencer have named the next 17 stores they are closing as part of their reorganisation plan. The 17 proposed closures are part of the clothing, homeware and food retailer’s five year plan to shut more than 100 stores by 2022. The latest plan of closures from the company will leave 1,045 jobless who…
An MP says Lloyds Bank is introducing charges against the spirit of a watchdog’s recommendations. BBC News – Business
We take a look at how the retail sector did overall over the festive period in four charts. BBC News – Business
jordonc ✅
Craig Taylor
bethkent ✅