IAG to cut 4,500 Iberia jobs

By Learn to Trade

Airline holding company IAG has announced plans to cut 4,500 jobs at Iberia as part of a restructuring programme. The move will see a quarter of the Spanish carrier’s fleet cease operations, as well as 15 per cent of its network capacity, in a bid to s […]

China releases promising economic data

By Learn to Trade

Encouraging economic data released by China has indicated recovery may be in sight. According to the figures, retail sales, industrial production and fixed-asset investment increased by more than expected last month when compared with those recorded in […]

Bank of England votes against further QE

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The Bank of England has voted against another round of quantitative easing (QE) to inject more money into the ailing economy. Announcing the decision today (November 7th), the financial body – which has already supplied £375 billion through this method […]

Greek policymakers back fresh austerity measures

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Lawmakers in Greece have voiced their support for the introduction of new austerity measures. In the wake of violent protests staged around the troubled European nation, politicians narrowly backed the €13.5 billion (£10.5 billion) cuts, which are set […]

Comet staff offered temporary jobs at Dixons

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Electrical retailer Dixons is set to offer temporary positions to former Comet staff who are currently facing redundancy because their employer is insolvent. Speaking to BBC News, Sebastian James, chief executive of Dixons Retail, said 500 workers from […]

Well-off workers ‘enjoy fastest pay rises’

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Wealthy individuals who are employed in the UK have enjoyed faster pay rises than those with less money, figures from the Office for National Statistics (ONS) have revealed. According to the official body, the average full-time hourly rate was £12.62 i […]

Gender pay gap ‘could worsen’

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The pay gap between male employees and their female counterparts could be set to widen for the first time on record, the Fawcett Society has warned. According to the equality campaign group, women still earn 14.9 per cent less than men for the same rol […]

RBS increases PPI claims bill by £400m

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A further £400 million has been set aside by Royal Bank of Scotland RBS to cover the cost of claims for customers who were wrongly sold payment protection insurance (PPI). Taking the financier’s total charges for mis-selling the insurance package to 1. […]

Chancellor predicts ‘real test’ for EU budget

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UK chancellor George Osborne has predicted the real test on the government’s authority will come when a proposed budget for the European Union is presented to MPs. Speaking to BBC News today (November 1st), Mr Osborne revealed he would only present a d […]