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Barclays boss sounds Brexit talent warning

Barclays boss sounds Brexit talent warning

Media captionBarclays boss Jes Staley: Banks need access to talent post-Brexit Barclays chief executive Jes Staley has said access to talented workers after Brexit is “tremendously important” for the UK’s financial sector. He suggested that immigration, rather than trade, would be the biggest issue for the City of London after the UK leaves the European […]

Twitter users up but ‘headwinds’ forecast

Twitter users up but ‘headwinds’ forecast

Image copyright AFP The number of people using Twitter has risen and the firm’s losses narrowed in the first three months of this year. Its most famous frequent user, Donald Trump, is taking to Twitter less since assuming the US presidency, but active users of the message-in-brief platform have still risen by 14%, the firm […]

McDonald’s to offer all UK staff fixed hour contracts

Image copyright Getty Images Fast food chain McDonald’s is to allow its UK staff a choice of working fixed hours or having zero-hours contracts. There has been controversy about firms using zero-hours contracts but not allowing staff to work elsewhere. McDonald’s has been trialling the move in 23 company-owned and franchise outlets. During the trial […]

Coca Cola to cut 1,200 jobs

Coca Cola to cut 1,200 jobs

Image copyright Getty Images The US firm Coca-Cola has said it will cut about 1,200 jobs due to falling demand for its fizzy drinks. Its global carbonated drink sales fell 1% in the quarter to 31 March, Coca-Cola said. Coca-Cola and rival PepsiCo’s sales have taken a hit as consumers in North America and Europe […]

Almost 300 jobs to go as Nestle moves output abroad

Almost 300 jobs to go as Nestle moves output abroad

Image copyright YouTube Confectionery giant Nestle plans to cut almost 300 jobs, mainly in York and Newcastle, and move production of the Blue Riband chocolate biscuit to one of its factories in Poland. Sites in Halifax and Girvan will also be hit, but the company hopes to cut jobs through voluntary redundancies. Nestle said it […]

French elections: Wall Street joins European relief rally

French elections: Wall Street joins European relief rally

Image copyright Reuters Image caption Campaign posters for Marine Le Pen and Emmanuel Macron A European stock market rally sparked by the French presidential election spread to Wall Street on Monday. All three main US share markets jumped more than 1%, with the tech-heavy Nasdaq index closing at a record high. Europe’s main markets jumped […]

Wikipedia’s Jimmy Wales creates news service Wikitribune

Wikipedia’s Jimmy Wales creates news service Wikitribune

Image copyright Getty Images Image caption Jimmy Wales hopes to get enough donations to hire a team of journalists Wikipedia’s co-founder Jimmy Wales is planning a news service that combines the work of professional journalists and volunteers. His goal is for Wikitribune to offer “factual and neutral” articles that help combat the problem of “fake […]

Small businesses with EU staff worried about Brexit

Small businesses with EU staff worried about Brexit

Image copyright PA Image caption EU workers have become the backbone of the seasonal fruit and vegetable industry More than half of small firms employing workers from the EU are worried that Brexit will stop them recruiting sufficiently skilled staff. A report from the Federation of Small Businesses (FSB) has found that only 21% of […]

Diesel vehicles important for UK economy, says industry

Diesel vehicles important for UK economy, says industry

Image copyright SMMT The motor industry’s fight-back against growing opposition to diesel has moved up a gear with a strong defence of commercial vehicles. The industry’s trade body has warned people not to ignore the “essential role” diesel commercial vehicles play in keeping the UK economy moving. The Society of Motor Manufactures and Traders also […]

Peugeot Citroen investigated over diesel emissions

Peugeot Citroen investigated over diesel emissions

Image copyright AFP Image caption Carlos Tavares, chief executive of PSA The French car firm PSA Peugeot-Citroen is under investigation by French prosecutors for cheating diesel emission tests, according to reports. The Reuters and AFP news agencies say they have been told by judicial sources that the company is being investigated for breaking consumer protection […]

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