Trending Business News
Travelodge boss quits amid fallout over hotel chain’s security failings
Travelodge’s chief executive resigned Thursday following criticism over security failures that enabled attackers to access guests’ rooms, including a domestic abuse victim in October 2025.
Sales of trainers dive as cost of living pressures hit JD Sports performance
JD Sports cut profit forecasts as cost-of-living pressures and higher fuel costs from the US-Israel war on Iran hit trainer sales in major markets.
Home Depot CEO taking temporary medical leave, two top execs to run the retailer
Home Depot CEO Ted Decker takes temporary medical leave; two senior executives appointed to share leadership duties until his return.
Housing investors say this is their worst market in at least 3 years
Single-family housing investors report their lowest confidence in at least three years, citing rising interest rates, insurance costs, and home prices as major concerns affecting purchase activity.
Ikea to take on eBay and Vinted with UK online secondhand site
Ikea is launching an online secondhand marketplace in the UK for its members to buy and sell pre-owned furniture items directly to each other, expanding efforts already underway in other European markets.
Global borrowing costs hit fresh highs over oil, AI and inflation concerns
Long-term borrowing costs in major economies hit their highest levels in years due to inflation concerns, government debt worries, and uncertainty around massive artificial intelligence spending.
Mobile payments on the rise but cash decline slows
Two-thirds of UK adults are registered with mobile payment services, with usage jumping significantly over the past decade, while cash decline is slowing.
Inflation is heating up but don’t expect another crisis
Energy bills rose following the Iran conflict, but inflation pressures remain moderate with food costs at five-year lows and wages outpacing price growth, though economists expect inflation to accelerate later this year.
US treasury doubles debt buyback to steady bond market amid inflation fears
The US Treasury announced it is doubling its government debt buyback program to stabilize bond markets as Federal Reserve officials remain divided over combating persistent inflation.
Nvidia teams up with Wall Street asset managers on $500 billion AI infrastructure push
Nvidia is partnering with major Wall Street asset managers including Blackstone, Apollo, and KKR on a $500 billion infrastructure financing initiative to support artificial intelligence development.
Tanger CEO says World Cup drove up traffic, sales this summer
Tanger CEO reports increased traffic and sales in June and July driven by World Cup tourism, with the company positioned in eight of eleven host cities.
Car washes and vape shops can still sponsor skilled foreign workers despite visa changes
Over 1,900 small businesses including vape shops and car washes retain licenses to sponsor foreign workers despite visa rule tightening in July 2025, BBC Verify investigation reveals.
Owner of Nottingham bicycle maker Raleigh files for insolvency
Accell, the Dutch parent company of historic bicycle manufacturer Raleigh, has initiated insolvency proceedings after reporting inability to meet financial obligations.
Diageo to nearly double Guinness production and cut jobs in turnaround plan
Diageo’s CEO plans to nearly double Guinness production and cut a significant portion of its 30,000-person workforce as part of a turnaround strategy targeting $1bn in annual savings.
Sweetgreen cuts full-year outlook as cyclospora fears weigh on sales
Sweetgreen slashed its full-year sales guidance due to consumer hesitancy surrounding a cyclospora outbreak affecting fresh produce, despite the chain not being directly implicated in the contamination.
Meta told to pay another $567m in New Mexico child safety lawsuit
A New Mexico judge ordered Meta to pay $567 million for failing to warn of child safety dangers on its platforms, marking the largest child safety fine against the company.
Thames Water faces row over £1m payment to finance chief
Thames Water paid its chief financial officer a £1m signing fee last month despite financial scrutiny and environmental sanctions against the company serving 16 million customers.
Harvey Nichols warns it could collapse without rescue deal, as bidders circle
Harvey Nichols warns it will collapse without investment as its Hong Kong owner seeks buyers, with Mike Ashley’s Frasers Group among potential bidders for the struggling luxury retailer.
How AI is changing jobs in the Philippines’ outsourcing industry
AI adoption in the Philippines’ outsourcing industry is reshaping employment, with some workers reporting redundancy after training AI systems, while industry leaders claim most roles will be redeployed rather than eliminated.
Salad and Go files for Chapter 11 bankruptcy after cyclospora fears worsened its challenges
Salad and Go files for Chapter 11 bankruptcy and is closing all locations, citing strategic challenges, weakening demand, and higher costs compounded by cyclospora outbreak concerns.
US beef prices have soared but farmers aren’t making more money
US beef prices have reached record highs, but cattle ranchers, feedlot operators, meatpackers, and restaurants report minimal profit increases due to proportionally elevated input costs throughout the supply chain.
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