Money Moves

Name: Unappreciative customers. Age: Six years, in the case of Don Ciccio. Don Ciccio, an Italian restaurant in Highgate, North London, has ceased operations after six years. This restaurant, which is named after a common Italian nickname for Francesco, announced its closure on its website. The statement cited a “lack of customers” as the primary […]

In June, Amazon CEO Andy Jassy and UK opposition leader Keir Starmer announced a significant investment of £40 billion in the UK. This investment was celebrated as a demonstration of the effectiveness of Starmer’s economic strategy, which aims to promote growth and increase financial well-being for citizens. However, just four months later, Amazon experienced a

Novo Nordisk, the company known for the weight-loss medication Wegovy and the diabetes treatment Ozempic, is set to undergo significant changes in its leadership. On Tuesday, the firm announced that Chairman Helge Lund, Vice Chair Henrik Poulsen, and five other board members will not seek reelection at an extraordinary investor meeting scheduled for November. This

The recent bankruptcies of two US companies, First Brands and Tricolor, have prompted concerns regarding potential vulnerabilities in the financial system. Andrew Bailey, the governor of the Bank of England, addressed these concerns during a session with a House of Lords committee. He stated that the failures should be taken seriously and raised the possibility

Warner Brothers Discovery, the media conglomerate that owns HBO, CNN, and other networks, has announced it is considering a sale after receiving unsolicited offers from multiple parties. CEO David Zaslav indicated that the company’s board will evaluate these proposals as part of an effort to determine the best way to maximize the value of its

The Business Secretary has stated that the government aims to ease the burden on businesses by reducing bureaucratic processes. Peter Kyle, while discussing Labour’s business strategy on BBC, emphasized the intention to implement these changes in a manner that supports both workers and businesses. Upcoming initiatives include a push to minimize unnecessary paperwork for businesses,

The locations of Pizza Hut restaurants and delivery outlets set to close in the UK have been announced. A total of 68 restaurants, impacting around 1,210 employees, will shut down in several cities including Brighton, Hull, Bristol, Leeds, and Edinburgh. Additionally, eleven delivery sites will also be closing as part of the restructuring process. The

Victims of the Post Office Horizon IT scandal are advocating for a re-examination of the case involving Robin Garbutt, a sub-postmaster convicted in 2011 for the murder of his wife, Diana Garbutt, in North Yorkshire. The trial relied heavily on data from the flawed Horizon computer system, which has been implicated in the wrongful prosecution

UK government borrowing in September reached £20.2 billion, marking the highest figure for that month in five years, as reported by the Office for National Statistics (ONS). This amount represents an increase of £1.6 billion compared to the same month the previous year. The borrowing figure, defined as the gap between public spending and tax

Workers on the Isle of Man have expressed support for a proposed 9.9% increase in the minimum wage, which would raise the hourly rate from £12.25 to £13.46. This increase is being discussed in the Tynwald assembly this week. Some workers, like fast food employee Hassan Ali Tipu, believe this rise would assist in managing