Evri, the prominent parcel delivery company, is set to significantly enhance its sustainability initiatives by embracing “pedal power.” Over the next year, Evri plans to expand its fleet from 33 to 99 e-cargo bikes and from 168 to 270 electric vehicles, as part of a £19m investment in eco-friendly delivery methods. The company’s ambitious target…
In a historic move, approximately 1,500 Tata Steel workers will commence an indefinite strike next month in response to the company’s plans to cut thousands of jobs. This will be the first strike action by UK steel workers in over 40 years, according to the trade union Unite. The strike, set to begin on 8…
The pandemic brought business travel to a halt, shifting meetings to virtual platforms like Teams. However, today’s business travel has not only rebounded but surpassed pre-pandemic levels, transforming the industry in unexpected ways. The MICE (Meetings, Incentives, Conferences, and Exhibitions) sector is seeing a significant revival, presenting new opportunities as corporate travel evolves. Hyatt’s European…
A recent report suggests that some pensioners are already paying income tax on their state pensions, contradicting the Conservative Party’s pledge to keep these pensions tax-free. The standard new state pension is currently below the £12,570 income tax threshold, but future increases could push it above this limit. The Conservative manifesto includes the “triple lock…
When startups fail, one of the most frequently cited reasons is running out of cash. This explanation, while seemingly straightforward, often masks deeper, more fundamental issues that lead to the financial shortfall. Understanding these root causes is crucial for entrepreneurs aiming to avoid failure. A pre-mortem analysis and the ‘5 Whys’ technique, can help to…
Biffa Waste Services Ltd has launched a legal case to reclaim approximately £200 million from Scottish ministers, citing significant losses from investing in the government’s aborted bottle recycling scheme. The company’s legal team has filed a case at the Court of Session, Scotland’s highest civil court, seeking to recover a £150 million loss incurred due…
Apple is ending its in-house “buy now, pay later” scheme in the US, a service it launched just last year. The tech giant will now offer customers payment plans through third-party credit and debit card lenders. Existing borrowers can still manage their payments using Apple’s Wallet app. The decision marks a significant shift for Apple,…
Traditionally, the go-to venue for work get-togethers has been the local pub. However, this staple of British work culture is now under threat as employers adapt to the changing attitudes of a new generation of workers. “Younger employees with healthier lifestyles don’t see it as a rite of passage to go out and get absolutely…
Asda is outsourcing over 100 staff members to Mumbai-based Tata Consultancy Services (TCS), fuelling fears of potential job cuts as the supermarket’s private equity owner, TDR Capital, aims to reduce costs. The outsourcing plan, revealed in an email to staff last week, impacts IT employees at Asda’s Leeds headquarters, where more than 5,000 colleagues are…
Wells Fargo has recently terminated several employees following accusations that they used devices to fake keyboard activity, misleading the bank into believing they were working. The disclosure was made in broker filings with the Financial Industry Regulatory Authority (Finra). The bank, America’s third-largest, did not provide details on how the issue was discovered or if…
Jaguar Land Rover (JLR) has announced a £1 million investment to assist UK police in combating vehicle theft. This funding will bolster police operations in theft hotspots and support intelligence gathering efforts. The initiative comes after JLR’s CEO, Adrian Mardell, firmly denied claims that Range Rovers are particularly vulnerable to theft. Despite these denials, Range…
Revolut, the pioneering financial technology company, has signed a 10-year lease for office space in the heart of Canary Wharf, signifying a significant boost for the prestigious financial district. The company will occupy the top four floors of the newly refurbished 30 South Colonnade, now rebranded as YY London. Subject to planning permission, the building…
Elon Musk has unexpectedly requested the dismissal of his lawsuit against OpenAI and its CEO Sam Altman, which alleged that the AI company had abandoned its original mission to develop artificial intelligence for the benefit of humanity. The filing, submitted by Musk’s legal team, did not provide any reasons for the withdrawal. The move came…
Customer data needs to be firewalled and if protected properly can still be used for valuable analytics In 2006, British mathematician Clive Humby declared that data is the new oil—and so could be the fuel source for a new, data-driven Industrial Revolution. Given that he and his wife helped Tesco make £90m from its first…
Labour is set to override local councils to construct data centres on the green belt as Sir Keir Starmer’s Opposition seeks to enhance the UK’s artificial intelligence sector. Peter Kyle, the shadow science, innovation, and technology secretary, is considering designating data centres as nationally significant infrastructure projects. This move would enable developers to circumvent opposition…
