Press Association
Footage of Port Talbot steelworks as thousands of job losses feared in £500 million Government deal with Tata
Footage of Tata Steel's plant at Port Talbot, south Wales, as ministers have reportedly agreed a £500 million package with Tata Steel to support plans to decarbonise two blast furnaces.
Unions have warned thousands of jobs could be lost...
Press Association
Thousands of jobs at risk at Port Talbot steelworks despite £500m state aid
The Government will pump up to £500 million into Britain’s biggest steelworks as part of plans to produce “greener” steel which could also hit thousands of jobs, sources have said.
Tata, the Indian conglomerate which owns the Port...
Press Association
Bacik: I have received threats from the far-right
Labour leader Ivana Bacik addresses the media at her party's think-in in Maynooth.
Ms Bacik set out her party's key aims which will be focused around care, housing and climate.
Press Association
Wilko shuts first stores as administration unfolds
Wilko will shut its first group of shops on Tuesday as the dramatic collapse of the high street chain takes shape.
The historic retailer will shut 24 stores across the UK in the first phase of closures, with hundreds of workers at the...
Bloomberg
UK Latest: Wages Post Record Growth as Jobs Market Cools
UK wage growth held at a record high in the three months through July despite signs the labor market is starting to cool in response to the squeeze being inflicted by the highest borrowing costs since 2008. Lizzy Burden reports on...
Press Association
All 400 Wilko stores to close by early October, says union
All of Wilko’s 400 stores are set to close by early October, the GMB union has said.
It means redundancies now look likely for all 12,500 staff at the high street chain.
The GMB union, which represents more than 3,000 Wilko staff,...
Press Association
Wilko rescue hopes fade as talks with HMV owner collapse
A last-ditch attempt by the owner of HMV to strike a rescue deal for stricken retailer Wilko has failed, intensifying fears over the future of thousands of jobs.
Administrators for the high street chain had been in discussions with Doug...
Press Association
Next-generation electric minis to be built in UK
BMW has announced plans to build its next-generation electric Mini in Oxford after securing a Government funding package.
The German-based manufacturer’s multimillion-pound investment to transform its existing plant will secure 4,000...
Bloomberg
Hooper: Fed Doesn't Need to Hike Again
Kristina Hooper, Invesco Chief Global Market Strategist shares why she believes the Fed does not need to raise rate hikes again and opportunities in small caps.
Press Association
Wilko to cut 1,332 more jobs and shut 52 stores next week
Administrators for Wilko have announced 1,332 further job cuts at the stricken high street retailer.
PwC, which was hired to oversee the collapsed discounter’s administration last month, told unions that 52 stores will be shut, leading...
Bloomberg
The Looming UAW Strike
Steve Rattner, Willett Advisors Chairman & CEO discusses the auto workers unions. He speaks with David Westin on "Wall Street Week Daily."
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles...
Bloomberg
Borish: No More Rate Hikes in 2023
Peter Borish, Computer Trading Corporation CEO doesn't expect the Fed to raise rates for the remainder of 2023, but warns of deflationary pressures of higher rates.
Bloomberg
Summer of Strikes
We take a look at the rise of strikes in the US and the potential ramifications.
Bloomberg
Summers: Down the Path to a Soft Landing
Lawrence H. Summers, Former Treasury Secretary believes the US economy is still strong, and thinks the cooling labor market signals a step down the path to a soft landing.
Bloomberg
Summers Sees Jobs Report as Step Down Road to Soft Landing
"I still think the road to a soft landing is a very difficult one, but this was a step down that road," says former US Treasury Secretary Lawrence Summers, commenting on the August employment report. He speaks on Bloomberg Television's...
Bloomberg
Why Oppenheimer's Stoltzfus Is Sticking With Bullish S&P 500 Call
Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus explains his firm's bullish 4,600 year-end call for the S&P 500 index on "Bloomberg Surveillance."
Bloomberg
Key US Inflation Measures Rise as Jobless Claims Decline
BREAKING: The core PCE price index rose 0.2% in July. US jobless claims fall to 228,000 in the week ended Aug. 26. Mike McKee reports on "Bloomberg Surveillance."
Follow Bloomberg for business news & analysis, up-to-the-minute market...
Press Association
Emily Thornberry says reshuffle is just 'moving the deckchairs' on Government 'sinking ship'
Shadow attorney general Emily Thornberry said the reshuffle is just “moving the deckchairs” and the Government is still a “sinking ship” as Grant Shapps has been appointed Defence Secretary.
Bloomberg
US Companies Add the Fewest Jobs Since March
Private payrolls rose by 177,000 in August following an upwardly revised 371,000 increase in the prior month, according to figures published Wednesday by the ADP Research Institute. Michael McKee has the details on Bloomberg Television.
Bloomberg
New Normal for Rates, Inflation, and Productivity
Lori Calvasina, RBC Capital Head of US Equity Strategy and Scott Chronert, Citi US Equity Strategist say that the paradigms on rates, inflation and productivity are changing from the going standard after the Great Financial Crisis and...
Bloomberg
Rising Yields Pressuring Equities
Lori Calvasina, RBC Capital Head of US Equity Strategy and Scott Chronert, Citi US Equity Strategist discuss the effect of rising yields on US equities. Calvasina is starting to see outflows in equities, while Chronert is still bullish...
Bloomberg
Fallout from Higher Rates
Eric Cantor, Moelis & Company Vice Chairman thinks the US government doesn't have a borrowing problem right now, but expects that investors will start to pay attention to fallout from the flood of treasury issuance and rising US deficits...
Bloomberg
Unemployment to Be Around 4% Next Year: ADP's Richardson
ADP Chief Economist Nela Richardson says US payrolls are "solid but fragmented" during an interview on the sidelines of the Federal Reserve Bank of Kansas City's annual economic policy symposium in Jackson Hole, Wyoming.
Follow...
Bloomberg
Jobless Claims Fall to Lowest Level in Three Weeks
Initial jobless claims decreased by 10,000 to 230,000 in the week ended Aug. 19, according to Labor Department data out Thursday. The median estimate in a Bloomberg survey of economists called for 240,000 applications. Mike McKee breaks...