Business

UK energy bills rise by £1.2bn in six months

A combined £1.2bn has been added to UK households’ energy bills since the government introduced a price cap that was supposed to put an end to rip-off tariff increases. Suppliers have hit consumers with 42 price rises so far in 2019 compared to...

Ford to cut 7,000 jobs globally by August

Car giant Ford is cutting about 7,000 jobs by the end of August, about a tenth of its global workforce. The car maker will reduce its US workforce by 2,300 as it seeks to save $600m (£470m) per year. Most of the jobs to go are management roles,...

Fashion chain Select falls into administration

Fashion chain Select has fallen into administration, putting 1,800 jobs at risk at the 169-store business. The firm, which targets women aged 18-35, has been struggling despite having struck a deal in April last year that cut rents at its stores....

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