5th May 2022
Bite-sized business news from the UK and beyond
Good morning The saying goes, ‘better late than never’ and that’s certainly applicable to Crossrail. Yesterday the launch date of London’s new Elizabeth line was finally confirmed as 24 May, four years late and £4bn over budget.
Today's stories
- Turning up the pressure – Europe ramps up sanctions on Russia
- Boo-hoo for Boohoo – Fast fashion giant profits plunge 94%
RUSSIA
Europe ramps up sanctions on Russia
Other stories to keep you in the loop
- US central bank announces biggest interest rate hike since 2000
- Klarna purchases will now affect customers’ credit scores
- Morrisons’ new owner set to sell 87 petrol stations to complete £7bn deal
- Halifax apologises after interest rate email blunder
- Airbnb sees jump in demand as travel rebounds in North America
- Apple braces for exodus of workers as return-to-office order does not fly well
- PwC offers UK staff shorter Friday work hours for summer
- Just Eat senior executive steps down amid misconduct investigation
- Uber’s ride-hailing business recovers as rival Lyft struggles
RETAIL
Fast fashion giant profits plunge 94%
Stat of the day
The number of employment tribunal cases brought by workers suing their bosses over alleged discrimination or harassment dismissed as 'banter' rose by 44% last year
Interesting links from around the web
- How to ask for a raise amid soaring inflation
- Does 'dressing for success' still matter?
- 8 things you use every day but never knew their name
