Over 50s specialist Saga has cut its annual pre-tax losses by more than half to £129million, with strong performances from its travel and cruises businesses. Chief executive Mike Hazell said that Saga had put in a strong performance for the 12 months to the end of January, after seeing its …
Read More »FTC may try to block yet another business merger
Check out whats clicking on FoxBusiness.com Federal antitrust regulators are planning to file a lawsuit to block Coach parent Tapestry’s $8.5 billion bid to buy Michael Kors owner Capri, according to a report by New York Times Dealbook. The Federal Trade Commission (FTC) is expected to hold a meeting next …
Read More »Drawdown disaster! Pensioners on ‘cliff-edge’ as record numbers cash in pension pots early | Personal Finance | Finance
Savers pulled money out of almost 750,000 pension pots in the 2022/23 tax year, as they battled to survive the cost-of-living crisis, according to the latest Retirement Income market update from City regulator the Financial Conduct Authority (FCA). Of these, 420,727 pots were completely emptied, an increase of six percent …
Read More »FAA issues ground stop for Alaska Airlines flights
Check out what’s clicking on FoxBusiness.com The Federal Aviation Administration (FAA) on Wednesday lifted a temporary nationwide ground stop advisory for all Alaska Airlines flights. The FAA said in a statement that “operations are normal” after Alaska Airlines asked the agency to pause departures nationwide as it worked to resolve …
Read More »DWP issues new Universal Credit update addressing assessments for claimants | Personal Finance | Finance
The DWP has issued an update on how work capability assessments work for Universal Credit for disabled claimants. The key assessment is used to determine if a claimant who has a health condition or disability is fit for work andif they need to prepare to enter the workforce in future. …
Read More »Google employees led sit-ins over company’s contract with Israeli military
Google employees protested the war in Gaza in front of the Sunnyvale, California office on Tuesday. Google workers led sit-ins at headquarters from coast-to-coast, protesting the tech giant’s contract with the Israeli military and the company’s alleged complicity in the Israel-Hamas war. Tech workers at both Amazon and Google have …
Read More »Falling confidence sends fees at recruitment group Hays tumbling | City & Business | Finance
White collar recruitment giant Hays says that its third quarter fees have plunged 17 percent due to employers taking longer to hire both temporary and permanent staff. Chief executive Dirk Hahn, who succeeded longtime incumbent Alistair Cox in September, said that the uncertain economic environment had hit the confidence of …
Read More »Red Lobster considering bankruptcy filing: report
Johnny Roger’s owner Barrett Dabbs details how inflation is hurting his Concord, North Carolina barbecue and burger joint on ‘Varney & Co.’ Red Lobster is reportedly considering filing for bankruptcy to relieve financial pressures that have weighed on the company. According to a report by Bloomberg citing people familiar with …
Read More »HMRC clarifies how tax codes will work under after Child Benefit rules change | Personal Finance | Finance
HMRC has explained how tax codes will change for those affected by changes to Child Benefit. As announced in the Spring Budget, the income threshold for the High-Income Child Benefit Charge has increased from £50,000 to £60,000, with the taper limit at which all the benefit has to be repaid …
Read More »Trump’s media company announces plans for livestreaming TV network
Check out what’s clicking on FoxBusiness.com Former President Donald Trump’s social media company is planning to soon roll out a live-streaming platform. Trump Media & Technology Group Corp. (TMTG) announced Tuesday that the upcoming content delivery network will begin on the Truth Social app. “After six months of testing on …
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