Category: Business

Salaries are typically only a fraction of an executive’s overall pay package, with bonuses and shares making up the bulk. Critics say such announcements are…

View More CEOs cutting salaries is mostly a ‘publicity stunt’

Virgin Atlantic has announced it is to cut 3,000 jobs in the UK and end its operation at Gatwick airport. The shock announcement comes after…

View More Virgin Atlantic to quit Gatwick and axe 3,000 jobs

The UK’s oil and gas industry is warning that 30,000 jobs could be lost as a result of the coronavirus pandemic and the low oil…

View More Coronavirus: ‘Thousands’ of North Sea oil and gas jobs under threat

One of China’s most powerful regulators has raided the offices of Luckin Coffee after opening an investigation into the scandal-hit firm. The firm’s shares slumped…

View More Luckin Coffee: Scandal-hit chain raided by regulators in China

BP’s first quarter profit has dived by two thirds after the global coronavirus crisis hit demand for oil. The oil giant warned it was facing…

View More BP profits dive 66% as coronavirus hits oil demand

Most UK businesses will not be eligible for insurance payouts over the Covid-19 lockdown, the City watchdog has warned, adding that it was not prepared…

View More Most UK firms do not have coronavirus coverage, insurance industry told

Pilots and cabin crew employed in the UK by the struggling airline Norwegian Air Shuttle have been told they will not receive their April salary…

View More Norwegian Air’s UK pilots and cabin crew will not receive April salary

Britain has given the green light for companies to start putting spades in the ground to build a new high speed rail line, saying work…

View More Construction on HS2 can begin, government says

British car production will slump to its lowest level since the financial crisis this year, the industry has warned, after the coronavirus pandemic forced the…

View More UK car production to hit lowest level since financial crisis