Image caption The firm bought Tata Steel’s speciality steel division in 2017 A steel maker is to cut more than 350 jobs due to “challenging” market conditions. Liberty Steel said about 282 jobs would go at its plants in South Yorkshire, and about 72 in Newport, South Wales. The firm said it was consulting with […]
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Image copyright Getty Images Willie Walsh, chief executive of International Airlines Group (IAG), the owner of British Airways, has announced he is to step down. He is set to retire as chief executive and from the board of IAG on 30 June. Mr Walsh said it had been a privilege to have worked on the
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Image copyright Getty Images Sales at the UK’s biggest supermarket, Tesco, fell slightly in the months that include the crucial Christmas period. But stronger takings in the weeks just before the festive period, which included its biggest day to date for food sales, helped bolster performance. It was the final Christmas under the leadership of
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Image copyright Greg Funnell Image caption Paula Nickolds was John Lewis’ first female managing director Retail group John Lewis Partnership has warned its staff bonus may be in doubt as it reported a fall in festive sales at its department store chain. It warned that annual partnership profits were expected to be “substantially down on
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Image copyright Getty Images Twitter has said it will test new features that allow users to control who can reply to their posts – or block replies entirely. “We want to help people feel safe participating in the conversation on Twitter,” the company said. The move comes as social media companies are under increasing pressure
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Image copyright Getty Images Image caption Corporate raiders may now style themselves as “shareholder activists” but firms are no less worried When Chefs’ Warehouse flew Christina Carroll from California to her first board meeting they put her up in a haunted hotel. It was not clear which was the bogeyman, the hotel or Ms Carroll,
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Media playback is unsupported on your device Media captionWATCH: Quibi aims to change how we watch shows on phones A deep-pocketed new streaming service has revealed it will launch in the US on 6 April. Quibi has raised $1bn (£763m) in funds and commissioned some of Hollywood’s biggest names to make content for its mobile-only
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Image copyright Whirlpool Owners of fire-prone Hotpoint and Indesit washing machines will learn in the coming days how long they must wait for a replacement or repair. Most fear many more weeks without a functioning machine, having already gone through Christmas and New Year unable to put clothes on a hot wash. Some 519,000 machines
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Image copyright Getty Images Retail sales fell for the first time in 25 years last year, according to the leading UK retail industry body. The British Retail Consortium (BRC) said total sales fell 0.1%, marking the first annual sales decline since 1995. Sale in November and December were particularly weak, falling 0.9%, the BRC said.
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Image copyright Getty Images Image caption Greenland has found itself thrust into headlines around the world Greenland is not used to being the centre of attention, but last year it made the front pages of newspapers around the world. It came after US President Donald Trump confirmed news reports that he wanted the US to
As the ice melts, Greenland considers its future Read More »
