The bulk of the savings – about £300 million – will come from job cuts among its 16,000-strong UK workforce.
By Holly Williams, Press Association Business Editor · 3 Nov 2026 · 3 min read
We use necessary technologies to run the site. Optional analytics and advertising tools stay off unless you choose to allow them.
Read our Cookie Policy.
Cookie Preferences
Strictly necessary
Required for site delivery, security and saving your preferences.
Always on
Helps us understand audience trends if analytics is enabled.
Allows advertising and personalisation tools if they are enabled.