Opioid legal charge pushes Walgreens to $3.7B fiscal 1Q loss
A huge opioid settlement dragged Walgreens to a $3.7 billion loss in its fiscal first quarter, but the drugstore chain still beat Wall Street forecasts.
Business
Greggs workers get 10% pay increase amid ‘material cost inflation’
Bakery chain to pay shop staff at least £10.60 an hour after price of sausage rolls went up to £1.20Greggs has handed a 10% pay rise to workers as it warned of “material cost inflation” that prompted a third rise in the price of its sausage rolls in a …
Starmer vows to let communities ‘take back control’ in Labour’s first term
Labour leader pledges major push to devolve power from Westminster in ‘decade of national renewal’Labour will launch a “take back control” bill aimed at devolving sweeping powers to local communities in its first term if it wins the next election, Keir…
Delta workers accuse airline of ‘culture of fear’ amid attempts to unionize
Workers face stagnant wages and short staffing despite the airline enjoying soaring profits coming out of the pandemicWorkers at Delta Air Lines are currently holding union organizing drives, citing tough working conditions in the US airline industry i…
Names of UK Covid business loan borrowers to stay secret, tribunal rules
Ruling says enough scrutiny exists to detect fraud while naming recipients in £47bn scheme puts them at riskThe British government has been given the go-ahead to keep concealing the names of companies that received in total more than £47bn in state-bac…
Cold snap boosts Next’s pre-Christmas sales but chain warns about price rises
Retailer reports much better than expected data in December but remains ‘cautious’ about 2023 Next has upped profit forecasts for the year by £20m after better sales than expected in the run-up to Christmas, but said it remained “cautious” about the ye…
Amazon to cut more than 18,000 jobs
The cuts will largely impact the company’s e-commerce and human-resources organisations
FTSE 100 bosses paid more in three days than average UK worker for whole year
CEOs pass milestone nine working hours earlier than last year, with pay up 39% on January 2022The bosses of Britain’s biggest companies will have made more money in 2023 by Thursday afternoon than the average UK worker will earn in the entire year, acc…
Energy efficiency ‘war effort’ needed to cut bills and emissions, say MPs
Ministers missed crucial opportunities but should use energy windfall tax to speed up insulation efforts, committee saysA national “war effort” on energy efficiency is required to cut energy bills, reduce climate-heating emissions and ensure energy sec…
Iron Maiden win Royal Mail seal of approval with 12 stamps
Band may have been snubbed by Rock and Roll Hall of Fame but Royal Mail pays tribute to ‘bona fide rock legends’Iron Maiden may have been snubbed by the Rock and Roll Hall of Fame last year, but Royal Mail at least has given its stamp of approval to th…