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Women earn up to 43% less at Barclays

Women earn up to 43% less at Barclays

Image copyright Getty Images Female employees earn up to 43.5% less at Barclays than men, 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 […]

UK economic growth revised downwards

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, […]

More KFC outlets reopen as chicken chaos eases

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 […]

Saudi Arabia to invest $64bn in entertainment

Saudi Arabia to invest $64bn in entertainment

Image copyright Reuters Image caption Other measures, like allowing cinemas to be opened, have already been announced Saudi Arabia says it will invest $64bn (£46bn) in developing its entertainment industry over the next decade. The head of the General Entertainment Authority said 5,000 events were planned this year alone, including those by Maroon 5 and […]

Productivity growth strongest since financial crisis

Productivity growth strongest since financial crisis

Image copyright Getty Images The UK has seen the strongest two quarters of productivity growth since the recession of 2008, according to the latest data. Output per hour rose 0.8% in the three months to December, the Office for National Statistics said. It follows growth of 0.9% in the previous period. There was also a […]

Disruption continues at KFC amid delivery problems

Disruption continues at KFC amid delivery problems

Image copyright Getty Images More KFC outlets have reopened amid disruption caused by delivery problems. By mid afternoon on Wednesday 628 of the 900 stores were open, compared with 430 at 13:00 on Tuesday. However, some KFC outlets will remain closed for the rest of the week, while others will have a reduced menu or […]

AA share price plunges on profit warning

AA share price plunges on profit warning

Image copyright PA AA shares have fallen by over a fifth after the firm warned that its full-year profit will fall short of analysts’ expectations. The roadside recovery and insurance group expects underlying income to reach between £335m and £345m for 2019. City analysts had forecast that profit would hit around £390m. The AA blamed […]

UK borrowing at lowest level since financial crisis

UK borrowing at lowest level since financial crisis

Image copyright Getty Images UK borrowing for the year to date is at its lowest level since the financial crisis, according to the Office for National Statistics (ONS). Public sector net borrowing, excluding state-owned banks, fell to £37.7bn between April and January, down £7.2bn on the comparable period. It is the lowest figure for the […]

Lloyds hails ‘landmark’ after return to private sector

Lloyds hails ‘landmark’ after return to private sector

Image copyright Getty Images Lloyds Banking Group has reported strong full year profits in its first year as a fully private enterprise. Pre-tax profit for 2017 was £5.3bn, 24% higher than a year earlier, and the bank’s highest profit since 2006. Chief executive Antonio Horta Osorio said it had been “a landmark year”, and announced […]

KFC shortages to continue all week

KFC shortages to continue all week

Image copyright Reuters Delivery problems will mean some KFC outlets will remain closed for the rest of the week, while others will have a reduced menu or shortened hours. Just over half of the fast food chain’s 900 outlets in its UK-based division have been shut. That compares with 575 that were closed on Monday […]

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