All news by author: Lawrence Matheson

1099
Sainsbury's boss refuses to rule out job losses as chain cuts costs by £1bn
The UK's second biggest supermarket unveiled a strategy update that will see it boost food space across all its near-600 supermarkets, but the change could result in job cuts
903
Asda workers to stage 48-hour strike over claims of 'toxic' working environment
Members of the GMB at the site in Gosport, Hampshire, will walk out on Friday until midnight on Saturday
583
Facebook and Instagram owner accused of not taking online fraud 'seriously'
The parent company of Facebook and Instagram came under scrutiny from the Home Affairs Select Committee
1502
Barratt's £2.5bn Redrow merger to cost 800 jobs as offices face closure
Barratt Developments has agreed to buy rival housebuilder Redrow in a £2.5 billion deal, which could lead to the loss of 10% of the combined workforce
1037
Greenpeace protesters scale Unilever headquarters in plastic pollution protest
The campaign group hung a 13 metre-wide banner across an entrance to the building near Blackfriars Bridge on Wednesday morning
1209
Rail workers hold day of action to highlight safety fears over £1.2bn of cuts
The RMT union has warned that if the cuts go ahead, there will be an increased risk to safety on the railways
542
Coca-Cola serves up taste of spice, but for now it's Happy Tears in the UK
Coca-Cola Spiced goes on sale in U.S this month while Coca Cola Happy Tears will be available in the UK on TikTok from February 17
857
Red Sea conflict poses a new threat to energy supplies as shipments stall
Missiles and drones are flying in the Red Sea, disrupting one of the world's key trade arteries and a chokepoint for energy shipments headed for Europe
1250
Bank of England's Sarah Breeden 'less concerned' about interest rate rises
Economists believe that interest rates have likely peaked, and will start to fall at some point this year
1131
PZ Cussons shares tumble after the consumer goods giant reveals £94m loss
The maker of Imperial Leather and Carex said it has 'clearly had its challenges'
1059
London Ulez adverts 'misled' public over pollution claims, watchdog finds
The Advertising Standards Authority has upheld complaints about two radio ads for the Ultra Low Emission Zone in London, as well as a separate ad by the Greater London Authority
1201
Calls to end 'unfair' penalties around first-time buyer savings schemes
The Building Societies Association made the calls ahead of Chancellor Jeremy Hunt’s spring budget on March 6
1098
Scientists are handed £25m to develop computer chips for AI and net zero tech
Most of the funding will be shared by research centres in Southampton and Bristol
794
Sainsbury's to cut costs by £1bn and overhaul supermarkets in new strategy
The company says some standalone Argos shops will close and be incorporated into click-and-collect points within supermarkets
726
Housebuilding giants Barratt and Redrow join forces in £2.5bn merger deal
The merger will cut costs by about £90m a year with the possible loss of 10% of jobs across the combined business
1032
Average house price up £3,785 in January is 'positive' start to year - Halifax
House prices increased for the fourth month with the pace of annual growth now at 2.5%
970
Bank of England debt sell off to fight inflation is a 'leap in the dark' say MPs
The Bank of England has been selling off Government debt in a bid to reduce inflation for the last two years
1323
19% annual jump in average price paid for buildings and contents cover
The average price paid for cover was £364, up from £305 in the same quarter a year earlier
689
Women face working for extra 19 years to retire with same pension savings as men
Women retire on average with pension savings of £69,000, compared with £205,000 for men, the research by pensions provider NOW: Pensions and the Pensions Policy Institute (PPI) found
1200
New home registrations fell by 44% last year, according to latest industry data
The number of new home registrations plunged by 44% last year compared with 2022, according to new figures
993
Small firms wants Government to 'get off their backs and shove off' - Tory MP
Sir Edward Leigh said entrepreneurs want "lower taxes, simpler taxes, they want less regulation not more regulation"
1140
NatWest shares could be sold to the public as early as June, says Government
The UK Government wants to fully offload its stake in the bank
1027
Samsung chief Lee Jae-yong acquitted of financial crimes linked to 2015 merger
A South Korean court has acquitted Samsung Electronics Chairman Lee Jae-yong of financial crimes involving a contentious merger between Samsung affiliates in 2015 that tightened his grip over South Korea's biggest company
851
McDonald's three years of soaring sales are weakened by Middle East conflict
The burger giant said it expects its same-store sales to rise 3% to 4% this year, which is in line with historical averages. That's down from double-digit gains in 2021 and 2022 and 9% growth last year
1117
Estee Lauder to cut up to 3,100 jobs as part of global workforce restructuring
Estee Lauder is cutting 3% to 5% of its global workforce as part of a restructuring program that aims to increase profits and become more nimble in a challenging international environment