Trending Business News
Argos is getting a makeover – but can it attract new shoppers?
Argos, the British retail chain with over 50 years of history, is undergoing ownership changes as its new proprietors chart plans for expansion including standalone store openings to compete in a challenging retail environment.
Companies scoff at airlines’ cheapest business class tickets. ‘The real value is flexibility’
Delta and United have launched stripped-down business-class fares without seat selection, lounge access, or free flight changes, prompting corporate travel managers to consider blocking the restrictive tickets.
Rockstar Energy founder builds Celsius stake, wants to take over as CEO
Rockstar Energy founder Russ Savage has built a 4.7% stake in Celsius Holdings and is demanding leadership changes following the energy drink company’s earnings miss this week.
Burger King overtakes Wendy’s as the nation’s second-largest burger chain
Burger King has regained the position of second-largest burger chain in the U.S., surpassing Wendy’s after a six-year gap driven by diverging sales trajectories and strategic shifts.
HHS moves to tighten oversight of food ingredients as safety concerns mount
The HHS proposed requiring food manufacturers to notify the FDA when they determine ingredients are safe, while submitting a definition of ultra-processed foods for final review amid food safety concerns.
Burnham warned Iran war could hit UK growth next year
UK Treasury modelling suggests GDP growth could fall to 0.3% in 2027 if Middle East disruption continues, significantly below forecasts, raising pressure for government support measures.
BP to develop offshore gasfield in Venezuela with firms linked to Trump administration
BP will develop an offshore gasfield in Venezuela with partners linked to the Trump administration, marking one of the first major foreign investments in the country following recent political changes.
Electric vehicle sales targets could be cut after pressure from car makers
The UK government is reviewing its electric vehicle sales targets after pressure from car makers, potentially reducing the mandate from 80% to 50% by 2030.
Thames Water plans to restart desalination plant – after drought has ended
Thames Water plans to restart its Beckton desalination plant by year-end to rebuild winter reservoir supplies, though drought conditions are expected to ease before operations begin.
Fed holds interest rates steady despite Trump’s renewed calls to lower them
The Federal Reserve maintained interest rates steady in a divided 9-3 vote, with three members dissenting in favor of a rate increase amid persistent inflation concerns and pressure from the White House.
Bank holds interest rates but says it is ready to raise them if Iran war escalates
The Bank of England held interest rates at 3.75% but signaled readiness to raise them if the Iran conflict escalates and oil prices remain elevated.
US economy grows sluggish 1.5% in second quarter as inflation tops Fed target
US GDP grew 1.5% in the second quarter, falling short of expectations as rising imports pressured growth. Consumer spending remained positive, but inflation stayed above the Federal Reserve’s 2% target.
Burnham says he told Trump UK will be pragmatic about North Sea oil
UK Prime Minister Andy Burnham stated he told President Trump he would adopt a pragmatic approach to North Sea oil and gas drilling, amid debate over the government’s energy policy.
Andy Burnham to give regional mayors share of income tax
Prime Minister Andy Burnham will distribute income tax revenue shares to English city region mayors for the first time, as part of a broader devolution initiative transferring power from central government to local leaders.
Sainsbury’s to sell Argos to three retail veterans in £120m deal
Sainsbury’s has agreed to sell Argos retail chain for £120m to three retail veterans led by former Morrisons executive Richard Pennycook, enabling focus on core food business.
Budget to be held on 28 October, John Healey announces
Chancellor John Healey has announced his first Budget will take place on 28 October, stating it will move power and resources out of Westminster to communities across Britain while maintaining fiscal discipline.
Boss of £300m used-car firm was ousted after ‘orchestrated plan’ by investors, judge rules
A judge ruled that private equity investors orchestrated the ouster of a used-car company boss through a pre-planned scheme, despite also finding he was legitimately dismissed for gross misconduct.
FIFA tests the limits of private equity in sports with World Cup subsidiary sale
FIFA’s plan to sell a minority stake in a World Cup subsidiary to private equity firms has faced swift opposition from UEFA and Concacaf, which worry about outside investor influence on the sport.
US borrowing costs hit 19-year high as Fed holds interest rates
US government borrowing costs reached their highest level since 2007 as the Federal Reserve held interest rates steady, raising concerns about inflation control and economic stability.
Only the Middle East crisis is preventing a drop in UK interest rates
The UK’s Middle East conflict is the primary inflation threat preventing interest rate cuts, though domestic pressures remain subdued, the Bank of England indicated Thursday after holding rates at 3.75%.
Thames Water boss says leakage targets ‘not realistic’
Thames Water’s chief executive argues the company’s regulatory performance targets are unachievable, claiming leakage reduction commitments exceed what is realistically possible even with substantial investment.
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NumbersUSA: More Than 185k Aliens Classified as ‘Got-Away’ Just This Fiscal Year Alone
A recent report by nonpartisan immigration-reduction organization NumbersUSA revealed that a source in Customs and Border Protection said that in excess of 185,000 aliens have eluded capture by Border Patrol this fiscal year so far. The CBP source providing this...
Employee Engagement Is As Important As Your Core Business
While the title can be disputed, we cannot stress enough the value of employee engagement. Having engaged employees shows to increase your profits and also create a better culture. Actually, having the right culture is at the heart of what business needs. We see this...
Osome and 500 Startups announced a partnership to bring exceptional startups to Singapore.
Osome, an online platform for business management, entered into an agreement with 500 Startups, a venture fund and startup accelerator. Osome joined Global Launch program which connects startups from all over the world to Silicon Valley and Singapore. The program is...
Amazon and eBay’s Selling Of Fraudulent Products Is Destroying The Economy
As each Christmas comes to pass, we’re reminded much more of the demise of the high street. Gone are the days when every single gift was bought from brick and mortar stores, whether that be your franchise outlets of Argos or Woolworths or even the quirky independent...