A former Post Office finance chief has said the company’s chief executive, Nick Read, prefers to work with teams of “younger, deferential males”, with very few senior roles held by female colleagues. Alisdair Cameron, who officially left the company in June after a year of sick leave, provided his view on the culture at the…
Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images DETROIT — Stellantis U.S. new vehicle sales continued a yearslong freefall during the third quarter, despite CEO Carlos Tavares’ attempts to correct what he has called “arrogant” mistakes. The Transatlantic carmaker reported U.S. sales Tuesday of…
Starling Bank has been fined £29m by the City watchdog for “shockingly lax” financial crime controls which “left the financial system wide open to criminals and those subject to sanctions”. The Financial Conduct Authority (FCA) said the challenger bank had grown quickly but “measures to tackle financial crime did not keep pace with its growth”.…
We’d like to find out more about people’s tipping habits in the UK. Whether it’s eating at a restaurant, taking an Uber, or tipping a courier after a takeaway delivery, we want to know when you tip and why. Do you still tip when service charge is included on a bill? Do you feel you…
The luxury cruise liner stranded in Belfast for four months remains anchored off the coast of Northern Ireland after two failed attempts to finally set sail on a round-the-world voyage. The Villa Vie Odyssey was originally due to embark on a “perpetual” three-and-a-half-year trip on 30 May but was marooned after requiring repairs, leaving passengers…
JD Sports’ UK business has been hit by falling sales after disruption in the Red Sea stalled deliveries and the cold, wet spring reduced demand for camping kit and clothing. The retail group, which owns Millets and Blacks in the UK, said sales at the outdoor kit chain were down 5.3% in the six months…
Post office operators affected by the Horizon IT scandal will not all receive payouts by the March 2025 deadline called for by the campaigner Sir Alan Bates, the postal minister has admitted. Gareth Thomas said it would be difficult to achieve the deadline but promised that there would be “substantial progress” toward clearing the compensation…
We recently moved house and wanted to port our Barclays mortgage, but it took so long over the paperwork that our chain looked set to collapse, so we switched to another lender. Despite the delays at its end, Barclays says we still have to pay an early repayment charge (ERC) of more than £13,000. We…
Nike pulled its financial guidance for the year, reported a steep drop in revenue and postponed a highly anticipated update for shareholders, days after announcing the replacement of its CEO. Profits at the American sportswear giant, grappling with falling sales and intense competition from fast-growing rivals, also declined. “A comeback at this scale takes time,”…
Demonstrators protest outside a closed Starbucks Corp. location at 505 Union Station in Seattle, Washington, US, on Saturday, July 16, 2022. David Ryder | Bloomberg | Getty Images Baristas at a Starbucks in Bellingham, Washington, became the 500th store to join the Starbucks Workers United union on Monday. Since the first location voted to unionize…
