Energy suppliers failing to meet Ofgem’s financial resilience targets are gaining an unfair market advantage and should be publicly identified, according to industry competitors. The regulatory body faces mounting criticism
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Britain’s largest restaurant chain, McDonald’s, faces mounting pressure as sales decline amidst fierce competition and consumer backlash over significant price increases. The fast-food giant, which launched its first UK outlet
The American pharmaceutical giant Pfizer has discontinued the development of its experimental weight-loss pill following safety concerns, marking a significant setback in its pursuit of the lucrative anti-obesity market, estimated
The boss of Tesco has issued a stark warning regarding an escalating price war among UK supermarkets, forcing the country’s largest grocer to implement significant cost-cutting measures and revise its
In a significant move that has stirred the artificial intelligence sector, Elon Musk’s xAI has unveiled Grok-3, representing a bold strategic advancement in the increasingly competitive AI marketplace. The latest
The chief executive of Morrisons has attributed a deceleration in Christmas period sales to a cyber attack that impacted product availability and necessitated price reductions on various items. Rami Baitiéh,
Asda, the debt-laden supermarket chain, has emerged as the weakest performer amongst British grocers during the crucial Christmas trading period. The private equity-controlled retailer experienced a concerning 5.8% decline in
In a significant blow to the American grocery retail sector, a federal judge has blocked the largest supermarket merger in US history between Kroger and Albertsons, valued at $24.6 billion.
