The Government’s plan to cover 80% of the salary of furloughed workers could cost up to £40 billion in just three months as more companies decide to take up the scheme, a think tank has said.
Britain’s top bosses should not expect their pay packages to escape unharmed if they cut staff pay due to the coronavirus crisis, a group representing investors has said.
The Government is investigating reports a Chinese investor is attempting to seize control of British tech firm Imagination Technologies.
The boss of BT has pledged not to fire or furlough any staff due to coronavirus for the next three months and will donate half his annual salary to charity.
BAE Systems has said it expects “more significant disruptions” to business as it enters the second quarter of the financial year, after an opening three months where the coronavirus pandemic had little impact.
Italy has become the first developed nation in the West to wind down most of its industry to halt the spread of coronavirus.
The Scottish Government and Scottish Trade Union Congress (STUC) has issued a joint statement committing to fair work principles during the coronavirus pandemic.
UK manufacturers have reported their weakest order books since the 2008 financial crisis, according to new figures from the Confederation of British Industry (CBI).
Coronavirus could see hundreds of fishermen “go bust in the next two weeks” unless there is urgent government intervention, ministers have been warned.
The Government has 24 hours to save one million jobs in the hospitality industry amid the worsening coronavirus crisis, it has been warned.
Stock markets have endured further volatile trading as investors remained nervous after the “Black Monday” meltdown saw the worst day for London blue chips since the 2008 financial crisis.
Policymakers are being urged to invest in skills as a way of helping workers prepare for the impact of automation.
An all-out oil war between Saudi Arabia and Russia has led to stock markets and oil prices tanking around the world.
Recruitment giant Robert Walters has seen shares come under pressure after it warned the coronavirus outbreak is likely to impact 2020 profits.
Capitalism is in need of a rethink as the model’s “success story” over the past 200 years has started to stall, the Bank of England’s chief economist has warned.
The number of new fathers taking advantage of shared parental leave at one of the UK’s biggest insurance firms has jumped 23% in a year, according to new research.
The cost of energy and aeroplane tickets pushed household prices higher in the opening month of 2020, official statisticians have revealed.
Economists have hailed a “remarkably robust” set of UK labour figures despite the economy stalling at the end of last year.
Scotland’s male unemployment rate reached a record low as the number of people in work jumped by 37,000 in the run-up to Christmas.
The UK’s biggest estate agent chain has been forced to delay the sale of its commercial real estate division due to the founder of the buyers “being indisposed” in January.
Royal Mail has seen shares plunge to record lows after warning its UK arm could be loss-making next year and it may miss turnaround targets amid the threat of strike action.
Companies in the UK and across the globe have warned that the outbreak of coronavirus in China could significantly impact their supply chains and stop products reaching consumers.
Dan Houser, the co-founder of Rockstar Games, the studio behind Grand Theft Auto and Red Dead Redemption, is to leave the firm next month.
The chief executive who led Babcock to become a major player in the defence space is set to step down after more than three years in the job.
The number of cars built in the UK fell to its lowest level in almost a decade in 2019, with a further decline expected this year, new figures reveal.
One of Britain’s top venture capitalists has launched her second fund as she tries to snap up a larger portion of the expanding European technology scene.
Flybe has confirmed it has agreed a financial arrangement to defer tax payments of “less than £10 million” with HM Revenue and Customs.
The Works boss Kevin Keaney has stepped down after nearly nine years at the helm just two months after a shock profit warning sent its shares tumbling.
Premier Inn owner Whitbread said business customers using its hotels outside of London remains weak, although this was offset by a strong performance in the capital.
Flybe’s collapse has been averted after the Government told the airline it would review air passenger duty (APD) and shareholders agreed to inject additional investment.