Jobs, investment, and the United Kingdom’s energy security are at risk as high taxes continue to burden North Sea oil and gas producers. Brian Gilvary, chairman of Ineos Energy, sharply
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More than 650 employees are set to lose their jobs after Unimetals, a major player in the scrap metals sector, filed for compulsory liquidation. The company, which operates from 27
Crest Nicholson has issued a warning that jobs are at risk following a downgrade of its annual profit forecast, attributing the move to persistent uncertainty surrounding government tax policy. The
About 2,000 Petrofac employees working in the North Sea are facing an uncertain future after the oil services company, once a FTSE 100 stalwart, filed for administration. Petrofac, which boasts
The European chemicals sector, once a powerhouse of the continent’s industrial landscape, faces existential jeopardy according to Sir Jim Ratcliffe, chief executive of Ineos. He warns that within a decade,
Thousands of jobs are under threat at Claire’s Accessories following the acquisition of half the UK and Ireland store portfolio by Modella Capital in a move that signals significant upheaval
The Lindsey oil refinery in Lincolnshire is set to shut its doors after administrators failed to secure a viable buyer, placing 625 jobs in jeopardy and creating ripples across the
One of Britain’s last remaining oil refineries has fallen into administration, triggering urgent government intervention and putting approximately 400 jobs at risk. The Prax Lindsey facility, situated on the River
British employers are preparing to implement the most significant wave of redundancies in a decade as business confidence deteriorates amid looming tax increases scheduled for April, following Rachel Reeves’ autumn
At least half of WH Smith’s high street stores may face closure under new ownership, creating the possibility of widespread job losses at the long-standing retailer. Industry experts suggest that
The British retail sector faced a devastating blow in 2024 as approximately 170,000 shop workers found themselves without employment, marking a troubling 42% increase from the previous year’s figures. The
British DIY retailer Homebase has entered administration, placing 2,000 jobs in jeopardy as the company grapples with a significant downturn in home improvement spending. The chain, operating approximately 130 DIY
The Unite union has raised concerns over potential job losses stemming from Carlsberg’s £3.3 billion bid to acquire Britvic, the largest maker of branded still soft drinks in Britain. The
The chief executive of Sainsbury’s, Simon Roberts, and the general secretary of the Union of Shop, Distributive and Allied Workers (Usdaw), Paddy Lillis, have issued a stark warning to the
