British oil workers have taken their first big hit from the slump in oil prices after Wood Group cut their pay. The FTSE 250 oil services company is to slash the pay of 1,300 North Sea contractors by 10 per cent from next month.
iNVEZZ.com, Friday, December 19: Britain's blue-chip index has advanced in today's session, continuing yesterday's rally fuelled by the Federal Reserve's pledge to take a 'patient' approach to interest rate rises.
The �Black Friday� shopping frenzy has helped to drive British retail sales growth to a near 27-year high in the run-up to Christmas.
A BBC investigation for Panorama has exposed poor working conditions in factories making Apple products in China. The undercover team secretly filmed the iPhone production line and found Apple's promises to protect workers were routinely broken.
Having faced the grim prospect of eviction just before the holidays, residents of a housing block in east London are instead toasting an unlikely victory over U.S.