Edward Johnson

A senior Bank of England policymaker has warned that financial markets are expecting too many interest rate cuts this year and that the UK central bank is unlikely to move before the US Federal Reserve. Catherine Mann, an external member of the Bank’s rate-setting monetary policy committee (MPC), said there were risks that UK inflation … Read more

For a “ferocious remainer”, Alex Cresswell is remarkably proud of his blue passport. For some, the dark rectangle on his office table is a sad symbol of Britain’s departure from the EU. But while the Thales UK boss describes watching the Brexit squabbles in Westminster from his decade-long posting at the company’s Paris HQ as … Read more

The boss of P&O Ferries has been called to give evidence to MPs examining UK working conditions, in the latest move to scrutinise the company that controversially replaced 786 employees with low-paid agency workers in 2022. The move to question Peter Hebblethwaite has been made by parliament’s business and trade committee and coincides with the … Read more

The boss of the British Gas owner, Centrica, has seen his earnings nearly double to £8.2m, despite having admitted that his smaller pay packet the previous year was “impossible to justify”. Chris O’Shea earned a basic salary of £903,000, which was topped up by cash and share bonuses worth an extra £7.3m. The chief executive’s … Read more

Use of Twitter in the US has slumped by more than a fifth since Elon Musk bought the site and rebranded it to X, according to data from app-monitoring company Sensor Tower. As of February 2024, the social network’s daily app users in America had fallen by 23% since November 2022, just after Musk completed … Read more

(NewsNation) — Krispy Kreme and McDonald’s are pairing up to offer Krispy Kreme’s doughnuts at McDonald’s locations across the country. The announcement follows a test program at 160 McDonald’s in Lexington and Louisville, Kentucky, where demand exceeded expectations, according to the press release from the companies. Krispy Kreme will deliver fresh doughnuts to McDonald’s locations … Read more

The CBI has used gagging clauses to prevent staff from discussing their experiences of sexual misconduct and bullying at the organisation, the Guardian can reveal. Up to 10 non-disclosure agreements (NDAs) have been signed in the past year after the lobbying group’s sexual misconduct scandal, in which more than a dozen staff alleged they had … Read more

We’re interested to hear from people in the US how they feel about their levels of personal consumer debt. Has your borrowing increased in recent months or years, and if so, what are the reasons? How does your debt affect your life, household, or family members, and your plans? We’d like to hear about it. … Read more

The UK government faces an “extraordinary” $1bn damages claim, a court has been told, in a lawsuit brought by a mining company that has been bankrolled by Russian banks targeted by sanctions. ENRC, the UK-based arm of a global mining conglomerate belonging to oligarchs, is seeking compensation for losses it claims it suffered as a … Read more

Concert arenas should impose a £1 levy on gig tickets to create a fund that helps prop up grassroots live music, with industry figures telling MPs that rising costs are creating a “crisis” for smaller venues. The Department for Culture, Media and Sport (DCMS) committee heard from promoters, artists and representatives from industry bodies, nearly … Read more