Dobbies is planning to shut 17 of its 77 stores, affecting 465 jobs, as its new owners try to return the garden centre group to profitability. The company, which employs 3,600 workers, said it was seeking the approval of creditors for a restructuring plan that would reduce its rent bill. The closures by the end … Read more
Just three years ago, Sweden’s then prime minister, Stefan Löfven, visited Northvolt’s base near the Arctic Circle in Skellefteå – Europe’s first homegrown battery gigafactory – and declared the city “the future” in the fight against the climate crisis. Its work had huge significance for Sweden and the world, the Social Democrat said. The arrival … Read more
The former chair of the Post Office has warned of another Horizon-style scandal if so-called “untouchable” investigators and executives involved in the prosecution of sub-postmasters are not fired before the organisation rolls out its new IT system. Henry Staunton, who was sacked by the then business secretary, Kemi Badenoch, in January, said there there were … Read more
Private equity firms are using US public sector workers’ retirement savings to fund fossil fuel projects pumping more than a billion tonnes of greenhouse gas emissions into the atmosphere every year, according to an analysis. They have ploughed more than $1tn (£750bn) into the energy sector since 2010, often buying into old and new fossil … Read more
(KTLA) – McDonald’s famous Boo Buckets are making a return just in time for Halloween. The Boo Buckets, a customer-favorite which doubles as a trick-or-treating bucket, comes with Happy Meals. The company will introduce a blue bucket this year, replacing last year’s purple one. Customers can customize their buckets with themed sticker sets. McDonald’s first … Read more
The Irish finance minister has hailed the €14bn tax windfall from Apple as “transformational” just weeks after the government lost a case in the European court of justice arguing the tech company should keep its money. Unveiling the country’s budget on Tuesday, Jack Chambers said the money would be used on infrastructure and not splurged … Read more
Ministers are being asked to draw up billions of pounds in cuts to infrastructure projects over the next 18 months despite Rachel Reeves pledging to invest more to grow the economy, the Guardian has learned. Members of the cabinet have been asked to model cuts to their investment plans of up to 10% of their … Read more
Market regulator Sebi has tightened the derivative norms by rationalising the weekly expiry contracts for the options segment. Under the new rules, exchanges can offer expiry contracts for only one index. The move was brought in to address excessive trading in index derivatives on expiry day. This measure will be effective from November 20. From … Read more
Kteily says by the time the company rolled out these services, it was too late. Customers had already left the platform. “I think they hit on something viral, which was the concept of where you’ve come from. People found that so fascinating. But once you know that information, you’re not going to come back five … Read more
As Israeli troops moved into Lebanon and Iran launched a missile attack on Israel, the risk of a jump in oil prices that could trigger another global inflation shock appeared to be materialising. Oil prices rose by more than 4% to about $75 a barrel on Tuesday. However, experts said investors had remained relatively sanguine … Read more
