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Eurostar staff start first of four strikes

Eurostar staff start first of four strikes

Image copyright PA The first of four separate Eurostar strikes by staff from two unions gets under way on Friday in a dispute over members’ work-life balance. Members of RMT will go on strike from 12 to 15 August, and 27 to 29 August during the bank holiday weekend. TSSA staff plan to strike on […]

Deliveroo riders protest over payment changes

Deliveroo riders protest over payment changes

Image copyright PA Hundreds of riders for Deliveroo have staged protests over changes they fear will mean lower wages. Riders held a demonstration outside the takeaway delivery firm’s head office in Soho, central London, on Thursday. Some decided not to work and have taken to London’s streets in convoys to draw attention to their demands. […]

Return on UK government bonds turns negative

Return on UK government bonds turns negative

Image copyright Getty Images The return on some UK government debt turned negative after the Bank of England missed its target in a new bond buying operation. The Bank had offered to buy government bonds, or gilts, as part of its new quantitative easing (QE) programme to stimulate the economy. But the bank fell £52m […]

KFC told to stop using chicken treated with antibiotics

KFC told to stop using chicken treated with antibiotics

Image copyright Reuters The company that owns Kentucky Fried Chicken is facing new calls to stop using poultry that has been treated with antibiotics. US consumer groups will deliver a petition signed by more than 350,000 people to Yum Brands on Wednesday. KFC has already promised to limit the use of human antibiotics in its […]

Mounting oil stockpiles set to keep prices lower

Mounting oil stockpiles set to keep prices lower

Image copyright Getty Images Image caption Crude and oil product storage terminals are filling up A large and growing global glut of crude is set to keep oil prices at their depressed levels in the coming months. Brent crude has fallen from above $115 per barrel in June 2014 to about $45 a barrel now. […]

Wendy’s sales hit by cheaper US grocery prices

Wendy’s sales hit by cheaper US grocery prices

Image copyright Getty Images Burger chain Wendy’s has reported lower-than-expected sales as more consumers decided to eat at home. Sales at stores open for at least 15 months rose by 0.4%. Analysts had expected 1.9% growth. Lower food prices helped Wendy’s cut costs, but cheaper groceries were also encouraging more people to cook. Profits for […]

Peppa Pig owner Entertainment One rejects ITV offer

Peppa Pig owner Entertainment One rejects ITV offer

Image copyright EOne Entertainment One, the film distribution and television production company, has rejected a takeover bid from ITV. The Peppa Pig owner said its board “unanimously rejected it on the basis that it fundamentally undervalues the company and its prospects”. Shares in Entertainment One closed almost 10% higher at 217.5p in London on Tuesday. […]

Eurostar staff to strike for seven days

Eurostar staff to strike for seven days

Image copyright PA Eurostar rail workers are to take seven days of strike action this month in a dispute over their work-life balance, the RMT union says. Staff will walk out from 00:01 BST on 12 August until 23.59 BST on 15 August, and for three days over the Bank Holiday weekend from 27 August. […]

Watchdog’s banking tech reform ‘not enough’

Watchdog’s banking tech reform ‘not enough’

Image copyright Thinkstock Image caption Customers should be able to use better smartphone technology to do their banking, the CMA said A shake-up in UK retail banking has been criticised by consumer groups and economists as not going far enough. The Competition and Markets Authority (CMA) concluded that new phone-based apps could show customers which […]

William Hill rejects Rank and 888’s £3.16bn bid

William Hill rejects Rank and 888’s £3.16bn bid

Image copyright Getty Images Bookmaker William Hill has rejected a £3.16bn takeover offer from online operator 888 and casino giant Rank. The bid, in shares and cash, was called “highly opportunistic” by Gareth Davis, chairman of William Hill, who said it did not reflect its true value. The deal would create the UK’s third-largest online […]