Tuesday, October 1, 2024

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Ford faces £1.5bn hit as it cancels electric SUV project

Ford said: “The electric vehicle market is rapidly evolving as Chinese competitors...

Post Office’s Horizon legal bill tops £250m

Tracey Merritt, one of the original group of subpostmasters who is still...

Ford writes off $1.9bn as it cancels plans for all-electric large SUV in US

Ford has written off $1.9bn as it cancelled plans for an all-electric large SUV in the US, opting to produce a hybrid version instead...

McDonald’s to spend £1bn on 200 new UK and Ireland restaurants

McDonald's plans to open over 200 restaurants across the UK and Ireland over the next four years in a £1bn expansion drive."Drive to" restaurants...

Waitrose to open 100 convenience locations across the UK in £1bn drive

Get the free Morning Headlines email for news from our reporters across the worldSign up to our free Morning Headlines emailSupermarket chain Waitrose has...

Nationwide cuts mortgage rates again and will offer cheapest five-year fix

Mortgage rates continue to edge lower, as Nationwide announces a fresh round of cuts. Britain's biggest building society will be reducing its fixed rate deals...

Ford scales back EV plans citing price pressures

Ford is shaking up its strategy for electric vehicles (EVs), scrapping plans for a large, three-row, all-electric SUV and postponing the launch of its...

New US job market numbers weaker than expected as Fed eyes interest rate cut

The US job market appears weaker than first thought, according to official figures released on Wednesday.The US created 818,000 fewer jobs than first calculated...

Nonfarm payroll growth revised down by 818,000, Labor Department says

The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday.As part of...

Ford Steps Back From EVs—and Says Hybrids Are the Future

Even early adopters and those seeking to reduce their CO2 emissions wilt at some EVs’ first-year depreciation of 50 percent.Automakers, too, are feeling the...

Ford abandons electric vehicle plans despite being left with massive £1.1billion net zero cost

Ford has announced it will no longer produce a highly anticipated electric vehicle with the company now mulling over a new strategy. The car...

Post Office pays £250m to law firms in relation to Horizon IT scandal

The Post Office has paid out a quarter of a billion pounds in legal fees in relation to the Horizon IT scandal – almost...

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