Cyber-attacks rise by 50% in past year, UK security agency says
EasyJet shares jump after report of potential takeover bid
Shares in easyJet jumped after reports that the Swiss-headquartered shipping company MSC was considering a takeover of Europe’s second-largest budget airline.The shares shot up 12% after a report from Corriere Della Sera, an Italian publication, which cited three unnamed sources familiar with the matter, their biggest bump in three years.A number of investors are considering a bid for easyJet, with options ranging from a majority stake to full control, according to the paper.Shares in easyJet pared back some of their earlier gains by midday after easyJet said it did not comment on speculation and MSC denied direct involvement in the talks, though were still trading up by about 4.5%
Tesco steps up UK sales as Asda struggles amid rising inflation
Tesco has grabbed a bigger slice of Britons’ supermarket shopping, as it stepped up sales and market share, while its rival Asda continued to struggle amid rising grocery inflation.The UK’s biggest supermarket increased its market share to 28.3% in the 12 weeks to 5 October, up 0.7 percentage points on a year earlier, while its sales advanced nearly 7%, according to Worldpanel by Numerator.By contrast, Asda’s market share fell 0
Young people are biggest victims of UK’s fragile jobs market
So much about the UK jobs market is influenced by Rachel Reeves. Without overdoing the blame, say many experts, the chancellor’s tough budget last year and the likelihood of a repeat next month hangs over employers and how they recruit and pay staff.The latest official figures show a rising number of young people out of work in the three months to August. More broadly, unemployment rose to a four-year high and the number of vacancies fell. And then there was the stubborn increase in the public sector wage bill, which outpaced the much more modest increase in private sector wages
UK labour market shows signs of stabilising after job losses
Britain’s employment market has shown signs of stabilising after a sharp rise in job losses earlier this year blamed on tax rises introduced by Rachel Reeves.As the chancellor prepares for her 26 November budget, figures from the Office for National Statistics (ONS) showed the unemployment rate rose to 4.8% in the three months to August, up from 4.7% in July. City economists had forecast the rate to remain unchanged
UK retail sales growth cools amid fears over budget tax rises
UK retail sales growth cooled last month as concerns over inflation and looming tax increases in Rachel Reeves’s autumn budget weighed on British consumers.In a snapshot before the chancellor’s tax and spending event next month, the British Retail Consortium (BRC) said total sales rose more slowly in September than in recent months.Separate figures from Barclays showed card spending fell 0.7% year-on-year in September. The bank said almost half of consumers in a survey of 2,000 individuals were making changes to their personal finances in anticipation of Reeves’s 26 November budget, with one in three building a savings buffer
Blair’s former policy chief Matthew Taylor to lead Fair Work Agency
Labour has appointed Tony Blair’s former policy chief to lead Britain’s new jobs market watchdog being created by the government to enforce its strengthening of workers’ rights.Matthew Taylor, who led the influential Taylor report on the gig economy and modern working practices for Theresa May’s government, will become the chair of the Fair Work Agency when the body launches next April.The new watchdog will form a key plank of Labour’s proposals to drastically strengthen workers’ rights by drawing together Britain’s existing labour enforcement agencies into a single body.It will have powers to tackle employers flouting the law, including naming and shaming rogue businesses paying staff below the legal minimum wage, issuing fines and bringing legal cases on workers’ behalf.Taylor, who ran Blair’s No 10 policy unit in the 2000s, used his gig economy review for May’s government to call for a drastic overhaul of workplace rights
US shares risk ‘sharp correction’ but markets seem complacent, IMF warns
World economy resilient amid Trump tariffs but outlook looks ‘dim’, says IMF
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