Rick Stein takes an axe to his restaurant empire with plan to close several eateries as business continues to struggle during lockdown Celebrity chef Rick Stein and ex-wife draw up plan to close several restaurants The multi-millionaire chef’s firm shut up shop at start of coronavirus lockdown As virus struck firm told staff: ‘We cannot afford … Read more
Microsoft will axe up to 50 journalists and replace them with robots using AI to select news stories Microsoft used journalists to collate its MSN website and Edge mobile browser Journalists selected stories from other publishers for the company’s homepage Staff were emailed that they were being replaced by artificial intelligence By Darren Boyle for … Read more
Supercar maker McLaren to axe 1,200 jobs as it battles to survive coronavirus crisis By Daily Mail City & Finance Reporter Published: 22:58 BST, 26 May 2020 | Updated: 22:58 BST, 26 May 2020 British supercar maker McLaren is cutting more than a quarter of its workforce as it battles to survive the coronavirus crisis. … Read more
There are serious concerns that companies across Britain are set to make staff redundant after putting them on the Government’s furlough scheme designed specifically to prevent mass job losses. When Chancellor Rishi Sunak announced last week the coronavirus job retention scheme was being extended until the end of October, and would not be altered until … Read more
Meltdown at M&S: More stores facing the axe as chain records lowest profit for three decades with next year’s divi cancelled too By Tom Witherow For The Daily Mail Published: 21:50 BST, 20 May 2020 | Updated: 23:13 BST, 20 May 2020 Marks & Spencer has warned it may shut more shops to survive in … Read more
Cambridge University has become the first university in the world to axe all face-to-face lectures until summer 2021 due to ‘rigid social distancing.’ Britain’s second oldest university said that because social distancing appeared to be likely to continue for a long time, ‘there will be no face-to-face lectures during the next academic year.’ The institution, … Read more
Legal & General under pressure to suspend dividend amid estimates it is sitting on £10bn of bond market losses By Daily Mail City & Finance Reporter Published: 22:10 BST, 18 May 2020 | Updated: 22:10 BST, 18 May 2020 Legal & General has come under renewed pressure to suspend its dividend amid estimates it is … Read more
Doctors turning down overtime and taking early retirement because of insane pension regulations have grabbed attention in recent days. But as investors, we are all enmeshed in this tangled web. Chancellors, tax officials and Treasury bureaucrats, intent on preventing tax avoidance, have created a complex mess, with opaque rules and severe penalties awaiting those who … Read more
Theme parks could axe queues amid plans to let customers book timeslots to meet Covid-19 safety standards Tech firm Accesso is developing a system to allow visitors to book ‘digital tickets’ Physical lining up is to be replaced by virtual queues Accesso’s clients include Thorpe Park and Merlin Entertainments By Harriet Dennys For Financial Mail On … Read more
BBC Four is facing the axe as corporation prepares to reassign some of its £44million programme budget to youth channel BBC Three Despite the financial outlay, the highbrow channel attracts just 2% of all viewers With the average viewer aged 64, the BBC wants to win over a younger audience Presenters rally to try and … Read more