Business

Women earn 43% less at Barclays

Image copyright Getty Images Female employees earn 43.5% less at Barclays than men on average, according to gender pay gap figures it has submitted to the government. Only 28 of the 1,154 companies that have reported the figures have a higher median hourly pay gap than Barclays. Barclays chief executive Jes Staley said it had “more work to do” so women could progress in financial services. However, Barclays said that

Fashion company loses social media followers over same-sex ads

Image copyright Suitsupply Image caption Suitsupply posted several images of men touching and kissing each other across its social media accounts on Wednesday A Netherlands-based men’s suit company has faced a social media backlash in response to an advertising campaign featuring men embracing. Suitsupply, an international men’s tailoring brand, unveiled their new spring/summer 2018 campaign online and in stores on Wednesday. Many of the videos and photographs in it showed

Brexit blamed by Stockport smart meter firm intending to axe 288 staff

Image copyright Google Image caption 288 jobs are scheduled to go at Landis+Gyr in Stockport A company that makes smart meters for British Gas is planning to shed 288 of 601 jobs at its factory in Greater Manchester because of Brexit. Landis+Gyr told the GMB union it could move production from Stockport to Romania and Asia because costs have risen 20% since the referendum in 2016. The union said it

More KFC outlets reopen as chicken chaos eases

Image copyright Getty Images Almost 700 of KFC’s 900 UK outlets have reopened following a chicken supply fiasco that began about a week ago and forced many stores to shut their doors. However, the fast food chain has not said how many are serving a full menu. KFC said on Wednesday that some would remain closed for the rest of the week, while others will have shortened hours. The closures

Sacked pregnant worker loses European court case

Image copyright PA Image caption The EU has clarified the rights of pregnant workers The EU’s top court has ruled that firms can dismiss pregnant workers as part of general staff cuts, despite legal protections for pregnant women. The European Court of Justice (ECJ) defended the position of Spain’s Bankia – a bank that was bailed out – over its dismissal of a pregnant woman in 2013. In her case,

Stansted Airport plan for 43 million passengers

Image copyright London Stansted Airport Image caption About 26 million passengers used Stansted Airport last year Stansted Airport wants to increase the number of passengers it is allowed to handle each year by eight million. It expects to reach its current cap of 35 million within five years and has applied for planning permission to raise it to 43 million. The Essex airport said it could be done by making

UK economic growth revised downwards

Image copyright Getty Images The UK economy expanded by less than previously thought in the last three months of 2017, official figures say. GDP grew by 0.4% in the October-to-December period, the Office for National Statistics (ONS) said, down from the initial estimate of 0.5%. The revision was due to slower growth in production industries, the ONS said. In 2017 as a whole, the economy grew by 1.7%, also slightly

Reality Check: How much do we spend on fried chicken?

Image copyright Getty Images KFC outlets across the UK have closed temporarily this week as delivery problems led to a shortage of chicken. The fried chicken chain switched its delivery contract last week to DHL, which blamed “operational issues” for the disruption. Nearly half of the restaurant’s 900 outlets were closed on Tuesday night – down from 575 on Monday. The fast food giant expects disruption to its restaurants to

British Gas owner Centrica to cut 4,000 jobs after ‘weak’ year

Image copyright Centrica Centrica, which owns British Gas, is cutting 4,000 jobs as it continues to lose customers. The energy supplier, which has operations in North America and Ireland as well as its main UK market, said group profits fell 17% to £1.25bn. Chief executive Iain Conn said the firm had a “weak” second half of 2017, and it was not helped by political and regulatory intervention in the UK.

Barclays reports rise in annual profits

Image copyright Getty Images Barclays has reported a 10% rise in annual pre-tax profit to £3.5bn. The bank was boosted by a reduction in costs over the year and the rise in the value of the dollar and euro against the pound. However, the bank did take some big one-off charges in the year, including £2.5bn related to the sale of Barclays Africa Group and a £900m charge related to