Money Confidence Gap Hinders UK Social Mobility
New research reveals a stark money confidence gap in the UK, where background trumps income. Discover how it affects you and the vital solutions experts recommend.
Category : Search result: financial losses
Asos cuts losses to £282m amid 12% sales decline
Asos reduces pre-tax losses to £281.6m despite 12% sales drop. The online retailer turns to AI stylists and anti-returns strategy to win back shoppers.
Scotland's World Cup Joy Meets Mossmorran Jobs Crisis
As Scottish politicians celebrate World Cup qualification, Mossmorran plant job losses expose Net Zero policy tensions. Read how Holyrood debates energy crisis.
Morrisons makes 1,700 paperboys and girls redundant
Supermarket giant Morrisons has made 1,700 young paper deliverers redundant after selling its home delivery service to News Team Group, marking the end of a traditional first job for many.
ExxonMobil Mossmorran Closure Puts 429 Jobs at Risk
Scottish Deputy First Minister Kate Forbes urges UK Government intervention as ExxonMobil announces Mossmorran plant closure, threatening 429 jobs. Read the full story.
ExxonMobil closes Fife plant with loss of 450 jobs
ExxonMobil confirms closure of its Fife Ethylene Plant near Cowdenbeath, blaming UK government policy and high costs. Up to 450 jobs at risk in major blow to Scottish economy.
CSIRO cuts 350 jobs in major blow to Australian science
Australia's national science agency CSIRO announces up to 350 job cuts, described as 'worst cuts ever seen' and a 'sad day for publicly funded science'.
Walgreens ends holiday pay for hourly workers
Walgreens has cut paid holiday time for hourly staff after a private equity buyout, costing full-time employees hundreds of dollars annually. Discover the full impact.
Youth unemployment soars to 15.3% in UK crisis
UK youth unemployment hits 15.3%, with under-25s accounting for nearly half of jobs lost since Labour took power. Former minister warns of a 'lost generation' as crisis deepens.
USPS Proposes Price Hikes After $9 Billion Annual Loss
The US Postal Service reports a $9.5bn loss, proposing significant price increases and warning of an 'urgent need' for legislative changes to ensure its survival.
JLR cyber attack cost £200m, caused major losses
A devastating cyber attack on Jaguar Land Rover cost the firm nearly £200 million, forcing a five-week UK production halt and contributing to major financial losses. Discover the full impact.
Verizon to cut 15,000 jobs in historic layoffs
Verizon announces its biggest-ever job cuts, slashing 15,000 roles as customer losses mount and price hikes backfire. Discover the full story behind the telecom giant's crisis.
Megyn Kelly: Republican Infighting Costing Elections
Former Fox News anchor Megyn Kelly delivers a scathing analysis of Republican election failures, warning that internal divisions and misplaced priorities are handing victories to Democrats.
Sinclair's $20M revenue crash after Kimmel feud
Conservative media giant Sinclair Broadcast Group reports staggering $20 million revenue loss following public backlash and advertiser exodus after Jimmy Kimmel exposé.
Republican election losses spark party crisis over affordability
GOP confronts devastating election losses as economic anxieties and Trump's divisive rhetoric alienate moderate voters. Analysis reveals affordability concerns are reshaping American politics.
Empty UK hotel rooms cost tourism £820k per week
New research reveals UK hotels are haemorrhaging revenue as thousands of rooms remain empty, creating a £43 million annual black hole in tourism earnings.
BT to cut 55,000 jobs by 2030 in major restructuring
BT Group reveals plans to slash up to 55,000 positions by 2030, including 10,000 roles replaced by AI and automation technologies, as part of its ongoing digital transformation strategy.
Mississippi Declares Agricultural Emergency Over Farm Losses
Governor Tate Reeves announces emergency measures as Mississippi faces unprecedented agricultural devastation, with farmers reporting near-total crop losses following extreme weather conditions.
Teen Vogue staff launch Gofundme after shock terminations
Former Teen Vogue employees turn to crowdfunding after unexpected job losses, highlighting growing instability in digital media sector
Energy giants unite to prevent mass job losses
In a dramatic political intervention, renewable energy leaders have united with traditional oil and gas companies to demand urgent government action, warning that Britain faces devastating employment consequences without immediate policy support.
Disney loses £60m daily in Google feud crisis
The bitter legal battle between Disney and Google is costing the entertainment behemoth an astonishing £60 million per day, with no resolution in sight as the tech giant continues its aggressive stance.
UK Banking Crisis: Customers Report Empty Accounts
Thousands of British banking customers face financial chaos as Santander, Barclays and Halifax experience severe technical failures causing accounts to show zero balances and disappearing transactions.
Liverpool FC reveal staggering £9m monthly losses
Exclusive analysis of Liverpool's latest financial accounts shows the Reds haemorrhaging nearly £9 million monthly despite commercial growth, with pandemic impacts continuing to haunt Anfield finances.
UK airline collapses: Hundreds of jobs axed, flights cancelled
A major British airline has collapsed into administration, resulting in mass redundancies and widespread flight cancellations, leaving passengers stranded and the travel industry reeling.
US Government Shutdown Costs Economy $10+ Billion
The 2025 US government shutdown has inflicted over $10 billion in economic losses, with federal workers facing unpaid wages and critical services disrupted amid political deadlock.
Ukraine's Elite 'Ghost' Brigade Decimated in Combat
Russia claims devastating victory against Ukraine's 67th Separate Mechanised Brigade in brutal eastern front fighting as elite unit suffers catastrophic losses.
Amazon axes hundreds more UK jobs in new cuts
Amazon continues its global workforce reduction with significant cuts to its UK operations, affecting hundreds of employees across multiple divisions including its streaming and Alexa teams.
Petrofac administration crisis threatens North Sea operations
Energy services heavyweight Petrofac teeters on administration edge as restructuring talks intensify, threatening thousands of UK jobs and North Sea operations.
Yorkshire Shepherdess reveals devastating farm losses
Channel 5's Yorkshire Shepherdess Amanda Owen shares devastating news from Ravenseat Farm as harsh winter conditions claim livestock and threaten their livelihood in emotional update.
Ukraine: Russia lost 150 warplanes, air force chief reveals
Exclusive: Ukrainian Air Force commander Lieutenant General Mykola Oleshchuk discloses staggering Russian aircraft losses and details Kyiv's sophisticated air defence strategy that's changing the war's dynamics.
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