Tesla shares are in a slump as the automaker continues to reduce prices in China’s increasingly competitive electric car market.
Volkswagen orders factory workers in China to work longer hours following Covid illness
Volkswagen told workers in China that they need to work overtime to recover production losses from a wave of Covid illness.
Research finds that Brexit has added almost £6bn to UK’s food bills over the past two years
Research has shown that Brexit increased the UK’s food bill by almost £6bn in the two years up to 2021. This impacted the poorest households the most.
EasyJet is positive about 2023, as it reports a substantial fall in losses
EasyJet PLC reported that bookings for next year are positive, reporting a substantial reduction in annual losses to £178mln, compared with £1,136mln.
Jaguar Land Rover reducing its production at UK factories
Jaguar Land Rover will reduce production at its UK plants until spring as a result of its ongoing struggle to source semiconductors in the face of global shortages.
Waitrose shuns purchase limits on eggs & support British Farmers
Waitrose pledges a £2.6 million investment in its egg suppliers, as it is one of few supermarkets that does not impose purchase limits.
Breaking: Joules and The Garden Trading Company on brink of collapse
It has been revealed that Joules, the parent company of The Garden Trading Company and Joules Fashion Retailer are at risk of bankruptcy after failing to secure new investments.
Made.com Group Plc (AIM:MADE) Appointment of administrators by Made.com Design Ltd (“MDL”)
On 31 October, the Board of MDL, MADE’s operating subsidiary, notified MADE that it had resolved to file notice of its intention to appoint administrators.
Alkemy Capital Invs. (LON:ALK) Appointment of Lead Engineering Partner
Wave International appointed as Lead Engineering and Technical Partner for TVL’s Lithium Hydroxide Facility in Teesside
BT has warned of more job cuts after it was forced to find more than £500m
According to the company, it reported an 18% decline in pretax profits, from just above £1bn to £831m, year-on-year, in the six months to September. It also stated that its
Made.com on the brink of collapse
After talks between Made.com and potential bidders broke down, Made.com is now on the verge of collapse.