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  • Tesco facing record '£4bn equal pay claim', law firm says

    February 7, 2018 6:04 AM 25

    A law firm believes up to 200,000 store workers could secure thousands, claiming they were paid less than male warehouse staff. According to Leigh Day solicitors, up to 200,000 mainly female store workers could be in line for payouts of around £20,000. It has lodged complaints with the conciliation service Acas on behalf of almost 100 staff ahead of an employment

  • Another 452 jobs go after Carillion collapse

    February 5, 2018 11:07 AM 23

    The latest redundancies cover people employed on public and private sector contracts across the UK, as well as back-office roles. The job losses are in addition to 377 announced last week, taking the total so far to more than 800. At the same time, the official receiver said on Monday that a further 100 jobs had been safeguarded, adding to the 919 disclosed

  • Soho House finds new home with $2bn New York float

    February 3, 2018 1:47 PM 32

    The network of private members' clubs has hired Goldman Sachs and JPMorgan to oversee a US listing, Sky News learns. Sky News can reveal that UK-based Soho House, which opened its original venue in central London in 1995, is drawing up plans for the listing, with an announcement expected around the middle of this year. The Wall Street investment banks

  • MPs accuse Ryanair of 'fobbing them off' over how much it pays its cabin crew

    January 13, 2018 10:20 AM 42

    Ryanair was yesterday accused by MPs of ‘fobbing them off’ over how much it pays its cabin crew. Two Commons select committees are investigating the budget airline over the payment of cabin crew hired by third-party agencies, which could be in breach of minimum wage laws. Ryanair stewards claim they are forced to work unpaid for as many as five hours

  • CITY DIARY: Poundland owner Steinhoff puts its Gulfstream jet up for sale for £18m

    January 11, 2018 12:24 AM 39

    Poundland owner Steinhoff, whose ex-chief Markus Jooste, 56, I reported is offloading his collection of thoroughbred racehorses, is selling its Gulfstream G550 private jet for £18million. A recent accountancy scandal has left the once-mighty South African company struggling to stay liquid after £10billion was wiped off its value. The writer Robert Louis

  • Pay day for 22k fraud victims scammed after sending money with Western Union

    January 10, 2018 9:22 AM 35

    More than 22,000 people scammed after sending money through Western Union are being urged to claim compensation. Action Fraud, part of City of London Police, is writing to tell UK victims they have until February 12 to apply for part of a £437million fund secured by U.S. regulators. Anyone tricked into giving money to fraudsters via the international

  • Now Simon Cowell is hit by Netflix: Music mogul's entertainment firm sees profits drop despite boom for BGT

    January 8, 2018 9:51 PM 40

    Profits at the entertainment company owned by Simon Cowell slipped last year despite a boom for Britain’s Got Talent. The music mogul’s firm Simco said that lower income from its overseas business had caused its profits to drop from £18.1million to £17.1million in the year to March 31 because of the rise in streaming services such as Netflix and Spotify

  • Uber founder set for £1bn payday as he prepares to sell a third of his shares in the taxi app

    January 5, 2018 9:51 PM 37

    Uber founder Travis Kalanick is to sell his shares in the company for the first time in a deal which is set to net him £1billion. The 41-year-old is reducing his 10 per cent stake by just under a third as part of a funding agreement with Softbank. A deal announced earlier this month will see the Japanese tech giant take a 17.5pc stake in Uber, largely

  • UK tech sector smashed investment records in 2017, striking deals worth £3bn

    January 4, 2018 9:50 PM 31

    Britain's pioneering technology sector smashed investment records in 2017, striking deals worth £3billion. It was almost double the £1.6billion bagged in 2016, with most of it, or £2.5billion, raised in London. Big deals included a £391million investment into software firm Improbable, £364million raised by takeaway company Deliveroo and £255million by mobile

  • Mortgage lenders start the year with a flurry of rate cuts

    January 4, 2018 7:34 AM 39

    Mortgage lenders have opened the year with a flurry of rate cuts, with borrowers now able to secure a two-year fixed rate from as low as 1.28 per cent. Barclays, Yorkshire Building Society and Leeds Building Society have all launched new mortgage ranges this week with the 1.28 per cent two-year fixed rate from Barclays hitting top spot in the best buy tables