All news by author: Lawrence Matheson

901
Google searches for 'how to make money fast' and 'side hustle' up by over 850%
This surge happened a day after it was announced that Britain's economy had fallen into a recession
504
Diageo considers sale of iconic drink Pimm's as it looks to trim brand portfolio
Diageo has owned Pimm's since 1997, when it was created from the merger of Grand Metropolitan and Guinness drinks businesses
949
Ryanair says UK airports are at 'enormous disadvantage' because of passenger tax
The airline's chief commercial officer said the tax limits growth in flight capacity
922
Serco Leisure ordered to stop using facial recognition tech on 2,000 staff
The UK privacy watchdog has ordered Serco Leisure to stop using facial recognition technology to monitor the attendance of leisure centre employees
654
Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Germany has slashed its growth forecast for this year as it struggles with a lack of skilled labor, excessive bureaucracy, high interest rates and lagging investment in new projects
854
Apple hits out at music streaming giant Spotify over competition complaint
The iPhone maker has accused the music streaming giant of trying to get "limitless" access to Apple's tools without paying for any of it
658
CAB Payments chief executive to step down after disastrous stock market float
It listed with an initial value of about £800 million, but in the next three months this value dropped by 80% following a profit warning
1345
Hyundai's Supernal and Embraer-backed Eve Air Mobility bet on air taxis
Embraer and South Korean automaker Hyundai are joining forces to offer a new form of air travel - air taxis
829
FlyDubai sees profits soar to £452 million boosted by record passenger numbers
It carried 13.8 million passengers, beating its previous record of 11 million in a year
1044
Consumer confidence stalls as shoppers limit spending amid stubborn inflation
GfK's long-running Consumer Confidence Index fell two points to minus 21 in February
1088
Over half of universal credit recipients have run out of food, survey finds
More than two-fifths are behind with one household bill or more, according to the survey.
952
Britishvolt administrators begin talks with possible new buyers for factory site
EY said it is still trying to get money from Recharge Industries, a year after it agreed to buy the site
745
Nestle reveals revenue slowdown after shoppers cut spending due to higher prices
The Swiss consumer group said on Thursday that it saw organic growth of 7.2% in 2023 compared with the previous year, although this was caused by a 7.5% increase in pricing over the year as volumes declined
862
Standard Chartered to hand back £3.95 billion to shareholders as profits rise
The Asia-focused bank launched a one billion US dollar (£800 million) share buyback and plans to return around five billion dollars (£3.95 billion) to shareholders over the next three years
926
Leeds Building Society to limit mortgage lending on holiday lets in hotspots
It will stop new loans for holiday let homes in some areas in a 12-month trial
1009
ScottishPower's supply arm posts £545m profit as energy crisis costs clawed back
The company's earnings were boosted by the price cap mechanism in the first half of the year
576
Women in menopause can sue employers if 'reasonable adjustments' not taken
The equalities watchdog has issued guidance to employers to clarify their legal obligations to women going through the menopause
1017
Banks wrongly label accounts as fraud risk to cover up debanking concerns - MPs
An MPs group said debanking is causing certain ethnic, industry or political groups to be "frozen out" of the UK's banking system
1321
E.On and Tru Energy are allowed to return to forcibly fit prepayment meters
Ofgem has given the energy companies permission to return to forcibly fitting prepayment meters after they were temporarily banned following a scandal around the practice
1168
Car finance probe: What is being investigated and will customers be compensated?
Lloyds has become the first UK bank to set aside hundreds of millions of pounds in case it has to compensate car finance customers, amid a major investigation into whether people overpaid on their loans
980
Rolls-Royce confirms cost-cutting 'well under way' as it reports £2.4bn profit
The aerospace engineering specialist says that the swing to profit was boosted by cost savings and better-than-expected revenues
546
Recruitment firm Hays warns of futher job cuts as profits slump by 71%
The group slashed its total workforce by 9% last year to save costs as jobs markets globally slowed sharply, cutting its fee-earning consultants by 12%, and by 7% in the final six months alone, to 7,971.
1284
Bargain-hunting shoppers resort to bulk buying as discount store spending up 41%
Nationwide Building Society research said consumers hit by the cost-of-living crisis are 'spending smart'
1061
Wine and spirits industry calls on Chancellor to cut alcohol duty at Budget
The Wine and Spirit Trade Association says last year's increases had a "immediate and negative impact" on UK businesses