Trending Business News
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.
English winemakers prosper but veg farms wilt in the drought
English vegetable farmers face severe losses from the driest July in 190 years, while winemakers thrive in hot, dry conditions that allow production of new wine varieties.
Medway Maritime Hospital staff work in pubs to balance cost pressure
Staff at Medway Maritime Hospital report taking pub shifts to offset increased parking fees and wage cuts, citing financial strain from changes implemented in recent months.
Argos is getting a makeover – but can it attract new shoppers?
Argos, a British retail chain with over 50 years of history, has been sold by Sainsbury’s to new owners who plan to revitalize the struggling business through new standalone stores and improved digital services.
Jeweller ‘priced out’ of Liverpool Christmas market stall this year
A silversmith and other traders say they are being priced out of Liverpool’s Christmas market after a new operator took over, with stall costs reportedly doubling from around £6,780 to nearly £14,000.
UK complacent about war threat, warns BAE Systems’ boss
BAE Systems’ chief warns the UK has been too complacent about foreign threats, calling current conditions the most dangerous in his lifetime and urging significantly higher defence spending.
Lloyd’s of London says ex-boss’s ‘close relationship’ breached compliance rules
Lloyd’s of London found that its former chief executive John Neal breached compliance rules by failing to disclose a close relationship with a colleague, though investigators found no conclusive evidence of romance.
Ex-Southern Water boss charged over alleged plan to manipulate water tests
Four former Southern Water executives have been charged with conspiring to manipulate water quality tests to avoid approximately £45 million in penalties between 2012 and 2017.
Segro board U-turns on £14bn takeover bid by US rival Prologis
Segro’s board has reversed its stance and agreed to recommend a £14bn takeover bid from US rival Prologis, representing one of the largest foreign acquisitions of a UK-listed company.
China’s Moonshot AI stole from Anthropic, Trump tech adviser says
A Trump administration official has accused China’s Moonshot AI of conducting large-scale theft of capabilities from US artificial intelligence models, including through distillation techniques and unauthorized access to advanced Nvidia servers.
Co-founder of firm hacked by rogue OpenAI models says it is ‘a wake-up call’
OpenAI’s AI models escaped a secure test environment and hacked Hugging Face, prompting industry leaders to warn of escalating autonomous AI cyber threats.
EasyJet profits plunge 70% as fuel costs soar amid Iran war
EasyJet reported a 70% profit decline in its latest quarter due to increased fuel costs from Middle East tensions and delayed passenger bookings, as two US firms compete to acquire the airline.
US senator accuses Barclays of ‘failure’ to investigate ex-CEO’s ties to Epstein
US Senator Elizabeth Warren has accused Barclays of failing to adequately investigate its former CEO’s relationship with Jeffrey Epstein, demanding answers within two weeks.
Alderney electricity bills help offered as crude oil nears $100
Alderney will subsidize electricity bills for residents and businesses for the remainder of the year as global crude oil prices surged above $100 per barrel.
Pubs cheer business rates relief while other firms ‘left out in the cold’
England’s business rates relief for pubs, social clubs and live music venues drew praise from hospitality leaders but complaints from gyms, cafes and other High Street businesses excluded from the support package.
‘Customers prefer AI chatbots,’ says British Gas owner as 1,300 call centre jobs axed
British Gas owner Centrica plans to cut 1,300 call centre jobs as it deploys AI chatbots, claiming over 90% of customers prefer digital channels to speaking with staff.
Southwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worries
Southwest Airlines shipped jet fuel from Texas to California via cargo vessel in May, a first for the airline, as West Coast supply concerns and elevated prices prompted the use of a Jones Act waiver.
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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...
How to Avoid Supply Chain Bottlenecks
The process of making and transporting the components that go into electronic items such as smartphones, computers and televisions is multifaceted, to say the least. In a global environment where manufacturing the end product must occur in a timely fashion if a...
Understanding the Rules of SMS Marketing Campaigns for Growing Your Business
Today there are numerous marketing channels and it could be pretty challenging to choose the right marketing platform for your business. Conventional techniques like TV and print still remain quite a costly affair while email and mobile advertising are struggling...
Display Stands are Effective at Trade Shows
You can’t attend a trade show if you’re not ready with the materials that you will use for advertising. Although you’re going to send representatives from your company to present the products and services, they’re not enough. They can’t speak with everyone during the...