Tesco, Britain’s largest supermarket group, announced on Monday that it would continue its share buyback program with a second tranche of repurchases worth up to £400 million (approximately $515 million). The previous tranche, which bought …
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UK Finance Minister Hints at Above-Inflation Pay Rises for Public Sector Workers
Britain’s new Finance Minister Rachel Reeves has indicated the possibility of above-inflation pay rises for nearly 2 million government employees, including teachers and NHS staff.This move could be an attempt to avoid crippling public sector …
Continue readingAmazon Faces UK Probe Over Supplier Treatment, Could Face Fines
The UK’s Groceries Code Adjudicator (GCA) is threatening Amazon with a formal investigation if they don’t improve their treatment of suppliers. The GCA is concerned about Amazon’s compliance with the Groceries Supply Code of Practice …
Continue readingZelensky and New UK PM Starmer Pledge Continued Support for Ukraine
Ukrainian President Volodymyr Zelensky has expressed gratitude to new British Prime Minister Keir Starmer for reaffirming the UK’s unwavering support for Ukraine in its war against Russia. In a statement, Starmer’s office confirmed that the …
Continue readingRevolut CEO to Sell Part of Stake in $500 Million Share Sale, Potentially Valuing Company at Over $40 Billion
Revolut, the British fintech company, is planning a $500 million share sale that could see its valuation soar beyond $40 billion. The sale includes shares held by employees, including CEO Nikolay Storonsky, who is set …
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