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Caparo: 452 job losses announced at steel firm

Administrators were appointed at Caparo earlier in October. Credit: ITV News

Administrators have announced 452 job losses at steel firm Caparo with immediate effect.

The company went into partial administration earlier this month.

On Friday, administrators PricewaterhouseCoopers announced the redundancies.


Apple records soaring profits despite fewer iPhone sales

Around 48 million iPhones were sold by Apple in the last three months, helping the company post a profit of $11.1 billion (£7.2bn), its latest financial results reveal.

Figures include sales of the iPhone 6s Credit: Reuters

Although sales were slightly lower than expected, the tech giant saw revenue shoot up from $42.1bn (£27.5bn) this time last year to $51.1bn (£33.3bn).

Sales figures include early purchases of the iPhone 6s and 6s Plus, which went on sale in September, but not of the Apple Watch.

Chief executive Tim Cook labelled it "Apple's most successful year ever", with annual revenue climbing 28 per cent to nearly $234bn (£153bn).

This continued success is the result of our commitment to making the best, most innovative products on earth, and it's a testament to the tremendous execution by our teams.

– Tim Cook, Apple


'Save our steel': Steelworkers to lobby MPs tomorrow

Steelworkers facing a bleak future will travel to Parliament tomorrow in a bid to save what's left of their industry.

Dozens of workers will hold a banner outside Westminster asking ministers to "Save our Steel".

Thousands of jobs have been cut in recent weeks and unions are warning more could go soon if action isn't taken quickly.

ITV News Correspondent Damon Green reports:

UK Steel: Industry will die without 'urgent' help

UK Steel blamed high energy costs and cheap Chinese exports for their troubles. Credit: PA

The steel industry is like a patient on an operating table and is "likely to die" without urgent help, the Government has been told.

Gareth Stace, director of trade body UK Steel, issued the stark warning to a committee of MPs.

He said that a fifth of the sector's UK workforce had lost their jobs or were facing redundancy following the recent wave of cuts.

If we were a patient on an operating table, we are bleeding very quickly. And we are likely to die on that table.

– Gareth Stace, UK Steel

Aldi announces pay rise for staff across UK and Ireland

Budget supermarket Aldi will increase staff wages to above the National Living Wage from next February, bosses have announced.

From then, workers will be paid a minimum of £8.40, and those in London will get £9.45 an hour.

Aldi has announced a pay rise for staff Credit: PA

Employees in the Republic of Ireland will also get a raise, up to €11.50.

Aldi said it would not need to raise prices to pay for the move, as it already pays all store assistants at least £8.15 an hour and a country-wide average of more than £9.

The success of Aldi in the UK and Ireland has been driven by the commitment, hard work and ambition of our employees and we will continue to maintain our leading position on pay.

– Matthew Barnes, Aldi UK and Ireland CEO

It is the latest in a string of pay rises for supermarket staff across the country.

Morrisons recently said it would increase wages from £6.83 an hour to £8.20, while Lidl announced similar changes.

It puts the supermarket salaries above the National Living Wage announced by Chancellor George Osborne in his summer budget, which will see all workers aged 25 and up paid at least £7.20 from next April, rising to £9 in 2020.

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