Stuart Rose, former M&S boss, to lead struggling Asda after co-owner steps…
Stuart Rose, former boss of Marks & Spencer and Topshop will take over Asda when the struggling supermarket's…
Monthly Archives
September 2024
Boeing furloughs a ‘large’ number of employees during factory strike
Boeing CEO announced on Wednesday that "a large number of" employees would be furloughed to save money during the…
TGI Friday UK’s future is in doubt after owner announces plan to enter into…
The UK branch of TGI Fridays has announced that it will appoint an administrator, which puts the future of all 87…
Shadow MPC: Hold interest rates, but increase bond sales.
According to the shadow monetary committee, Bank of England's interest rate should remain unchanged at 5% this…
Legal & General buys Cala, a housebuilder for £1.16bn
Legal & General's new CEO, the FTSE 100 listed financial services company, made his first major strategic move…
Tupperware’s party is over, as the company files for bankruptcy
Tupperware's airtight containers, which have become synonymous for food storage, appear to be on their way out. The…
UK economy loses £25bn per year due to shrinking workforce
According to a report on Britain's missing workers, the UK workforce is shrinking faster than it has in the past 40…
Chinese owners claim that British Steel Works has never turned a profit.
The Chinese owners of British Steel Works at Scunthorpe revealed that they had not made any profit since they saved…
UK inflation remains unchanged at 2.2%
After the annual inflation rate in the UK remained at 2.2% in August, it is expected that Bank of England will keep…
Tortoise Media and Guardian are in discussions to sell the Observer to Guardian
Tortoise Media, a new online media company, is in negotiations with the Guardian Media Group to purchase the…
Parents can now see what their children are saying on Instagram
As part of the sweeping changes to safety coming to the social networking app , Instagram will now allow parents to…
US tech giant Intel halts construction of €30bn German Microchip Factory
Intel has cancelled plans to build a €30bn microchip plant in Germany, a blow for Europe's technological plans. The…
Tesco may urge customers to replace unhealthy purchases
Tesco's chief executive said that it could use Clubcard data in order to alert shoppers when they purchase too many…
Amanda Staveley Company liquidated following dispute with shipping tycoon
After a dispute over an historic loan with a Greek shipping magnate, a company owned by the former Newcastle United…
Bets increase on Bank of England rate cut
The markets are preparing for aggressive US Federal Reserve moves to reduce borrowing costs. Traders have increased…
Pret A Manger sales rise above £1bn
Pret A Manger sold £1 billion for the first year in its history, as it expanded into international markets. Now, £1…
Take a chance on the augmented reality glasses but are they seeing clearly?
Evan Spiegel, co-founder of Snap and its chief executive, describes building augmented reality glasses as "a…
Analysts’ predictions of US consumer spending are not met
US consumer spending was unexpectedly high in August despite a slowdown on the labour market.The US Department of…