Too much stock, made worse by "poor operating practices", were to blame for poor performance, the firm said.
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Port Talbot will see more than £1bn in investment to ensure its future, but may see jobs cut.
Official figures show some jobs saw bigger pay rises than others with publicans and PR directors also earning more.
Despite the surprise rise prices are still down sharply on a year ago, the UK's biggest building society says.
A billionaire's advice to young Indians has sparked a conversation on healthy versus toxic work culture.
County councils in England are demanding emergency funding to stave off financial collapse.
The new restrictions will likely further increase the cost of shipping goods around the world.
The firm was once seen as the future of the office, but it has been plagued by problems in recent years.
King enters debate on AI as UK holds summit and announces global declaration on managing threats.
The UK's advertising regulator upheld complaints about five of the online shop's adverts.
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