Starbucks is embarking on a sweeping restructuring initiative, closing scores of cafes in the UK and North America while axing 900 non-retail roles, in a bid to revive the fortunes
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TalkTalk has reported staggering pre-tax losses nearing £500 million as the embattled broadband provider faces its second bailout in less than a year. Sir Charles Dunstone, the company’s founder, was
The UK’s third-largest supermarket chain, Asda, has reported a devastating pre-tax loss of £599 million for the year ending 31 December 2024, marking a dramatic shift from its £180 million
Leading automotive and cycling retailer Halfords has plunged into the red, reporting a statutory pre-tax loss of £30 million for the 52-week period ending 28 March. The significant downturn stems
OpenAI, the organisation behind the AI tool ChatGPT, has decided to maintain nonprofit oversight of its for-profit division following significant backlash from former employees and competitors. Chief among the critics
Online fashion retailer Boohoo is to undergo a significant transformation as it rebrands itself as the Debenhams Group. Under the leadership of new chief executive Dan Finley, the company aims
