A hands-free translator, Tragl, which is set to break down language barriers and revolutionise the way the world communicates, has launched, as the UK’s language skills deficiency cost the economy up to £17bn in the first quarter of 2018. Tragl enables people that speak different languages to communicate through tech that works through a patented […]

Games Workshop staff will share a £5m bonus after it announced it expects profits to almost double this year. About 1,700 employees at the fantasy games retailer will split the pay out “in recognition of their contribution”. The Nottingham-based group said on Friday it expects to report an annual pre-tax profit of at least £74m, […]

Legal action is being taken against three delivery firms used by Amazon in another challenge to what has been called “bogus” self-employment. The GMB union wants its drivers to be given guaranteed hours and the minimum wage as well as sick and holiday pay. The union said drivers should be classed as full-time employees rather […]

The number of strikes in the UK last year was the lowest recorded to date, according to the Office for National Statistics (ONS). There were 79 stoppages in 2017, the lowest figures since records began in 1891. The number of workers involved in labour disputes also fell to an all-time low of 33,000. And there […]

HSBC saw pre-tax profits fall 4% in the first three months of 2018, as higher costs more than eroded increased revenue. Europe’s biggest bank reported making $4.8bn (£3.5bn) compared with the $5bn posted in the the same period a year earlier – missing analysts’ estimates. But shareholders will be cheered by plans for a $2bn […]

Royal Bank of Scotland has reported a profit of £792m for the first three months of the year, up from £259m for the same quarter last year. The rise is partly thanks to a fall in restructuring costs, and a drop in conduct and litigation costs. Running costs at the bank, which is 72% state-owned, […]

Lloyds Bank profits jumped by 23% to £1.6bn. It made pre-tax profits of £1.6bn, 23% higher than the same time last year. But it said it had put aside another £90m in costs for payment protection insurance (PPI) mis-selling claims, taking its total bill to £18.8bn. The government sold its last shares in Lloyds in […]

Sometimes it seems there’s nothing but doom and gloom on the UK’s High Streets. This week we heard profits were down at Debenhams and a big deal between shopping centre owners Hammerson, which owns Birmingham’s Bullring, and Intu fell through. New store openings are at their lowest level for seven years. And mid-range restaurants are closing branches left, right […]

We all know we need to save for the future but reining in spending can feel like an impossible task. Investment specialists, Legal & General, take an in-depth look into Britain’s saving habits, the psychological reasons why we don’t save more and the best way to grow your money according to the experts. Less than […]

Many of WPP’s 200,000 staff will feel “liberated” after the departure of founder Sir Martin Sorrell, according to one of his most senior lieutenants. Stephen Allan, boss of WPP-owned media buying agency Mediacom, said Sir Martin’s energy would be missed. But he added Sir Martin always had an owner’s mentality about running WPP, which many […]