interserve-major-government-contractor-039seeks-second-rescue-deal039

Interserve: Major government contractor 'seeks second rescue deal'

Image copyright Creative Commons Image caption Among the company's contracts is for cleaning at Network Rail stations One of the UK's largest providers of public services is seeking a rescue deal as it struggles with £500m of debt, according to the Financial Times. Interserve, which works in prisons, schools, hospitals and on the roads, said…
ted-baker-boss-takes-leave-of-absence

Ted Baker boss takes leave of absence

Image copyright Getty Images Fashion chain Ted Baker's chief executive Ray Kelvin is to take a voluntary leave of absence amid allegations of harassment.Last week, an online petition launched by employees accused 62-year-old Mr Kelvin of inappropriate comments and behaviour, including "forced hugging". Ted Baker said its committee and board had been made aware of…
virgin-atlantic-pilots-plan-christmas-strike

Virgin Atlantic pilots plan Christmas strike

Image copyright PA Some Virgin Atlantic pilots will strike from 22 December to Christmas Day in a dispute over union recognition, the Professional Pilots Union has said.The union, which represents about a third of pilots at the airline, said it was excluded from talks over proposed changes to pilot benefits.It said this was the first…
wall-street-ends-lower-after-a-down-week

Wall Street ends lower after a down week

Image copyright Reuters US share indexes fell by more than 2% on Friday, as uncertainty continued to roil financial markets.The declines extended losses from earlier in the week and hit nearly every sector, led by technology firms.The Dow Jones index and S&P 500 both tumbled about 2.3%, while the Nasdaq fell more than 3%.The falls…
huawei-the-rapid-growth-of-a-chinese-champion-in-five-charts

Huawei: The rapid growth of a Chinese champion in five charts

Image copyright Reuters Huawei is the poster child for China's dynamic tech sector. It has grown phenomenally in recent years, from a small manufacturer of telephone exchange switches, to become a global leader in the tech industry.While the brand is familiar to many from its mobile phone handsets, Huawei has its finger in many other…
oil-prices-rise-on-planned-opec-cuts

Oil prices rise on planned Opec cuts

Image copyright AFP Major oil producers have agreed to cut production by more than one million barrels per day in a bid to boost energy prices.Opec members, as well as countries allied with the cartel led by Russia, announced the plans on Friday, sending the price of Brent crude up almost 5%.The cuts are due…