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Santander UK staff brace for more job losses after 38% drop in full-year profits
Staff at Santander UK are bracing themselves for further job losses, as the bank confirmed it would push ahead with a cost-cutting programme after a 38% drop in full-year profits.
An earnings report by Madrid-based Banco Santander released on Wednesday showed that the UK was its only region to suffer …
The Chiefs may be the Super Bowl villain but we’d be lost without one
The term Chiefs fatigue, already in heavy use throughout the season, has only become more common the closer we get to Sunday’s Super Bowl. The team’s pursuit of a three-peat with a quarterback on pace to break all sorts of records for some reason doesn’t do it for most people …
Wednesday briefing: What an expert review could mean for the conviction of Lucy Letby
Good morning. When Lucy Letby was convicted in 2023 of the murder of seven babies, she entered a bleak pantheon of the worst serial killers in British history. Since then, as concerns have been raised about the safety of her conviction, they have often been dismissed as the product of …
US Postal Service suspends incoming parcels from China and Hong Kong
The US Postal Service has suspended incoming parcels from China and Hong Kong until further notice, amid a growing trade conflict between the US and China.
It comes as Donald Trump said he is not in a hurry to speak to his Chinese counterpart, Xi Jinping, despite expectations that they …
Home Office wasted nearly £100m on plans to house asylum seekers, watchdog finds
The Home Office’s plans to house asylum seekers reveal a “dysfunctional culture of repeated mistakes and weak internal challenge” that wasted nearly £100m, parliament’s spending watchdog has concluded.
A Public Accounts Committee report said the department had a “troubling culture that repeatedly wastes public money” after examining the acquisition of …
Google parent Alphabet’s earnings disappoint Wall Street amid stiff AI competition
Shares of Google’s parent company Alphabet fell more than 6% after the company reported a slight miss in expected revenue on Tuesday. The company reported $96.5bn, compared with analyst expectations of $96.67 bn. The company surpassed investors’ expectations of $2.13 in earnings per share, however, with $2.15 in EPS.
“Q4 …
Tariffs would be a drag, but Guinness boss still needs to find a brew for recovery
Donald Trump’s on-off tariffs are at least good for one thing: they provide struggling managements with a handy excuse to ditch their sales forecasts. Diageo, the Guinness, Johnnie Walker and Smirnoff combo, was able to cite “the current macroeconomic and geopolitical uncertainty” – exhibit A being the possible US tariffs …
Hunt: Starmer should not retaliate if Trump hits UK with trade tariffs
Keir Starmer should not retaliate if Donald Trump hits the UK with trade tariffs, the former chancellor Jeremy Hunt has warned, with ministers braced for the president’s latest round of economic measures.
The former chancellor told the Guardian the UK did not have enough economic firepower to start a trade …
SNP avoids early election as it wins backing for budget at Holyrood
The SNP minority government has passed its budget and avoided triggering an early election after securing a coalition of support at Holyrood.
The tax and spending plans, which provide £21.7bn for health and social care, including £200m to reduce waiting times and tackle delayed discharge, passed the first parliamentary stage, …
Thousands to sue Johnson & Johnson in UK over alleged talc link to cancer
Lawyers representing 3,500 claimants are preparing to sue the pharmaceutical firm Johnson & Johnson (J&J) over alleged links between talcum powder and cancer, in what is expected to be one of the largest pharmaceutical product group actions in English and Welsh legal history.
They claim that thousands of women and …