Burberry has replaced boss Jonathan Akeroyd after just over two years in the job as the luxury fashion firm said it is set to slump to a loss and halted shareholder dividend payouts. The group said Mr Akeroyd is leaving with immediate effect “by mutual agreement with the board”. HeContinue Reading
The oil and gas industry provides thousands of jobs worldwide, with revenue in 2022 around $332 billion. By the end of 2022, the oil industry was producing 12.1 million barrels per day (b/d) and the gas industry 121 billion cubic feet per day (bcf/d). However, despite its success, the oilContinue Reading
The England football team “inadvertently saved our sector”, a night-time industry leader has said after the squad’s Euro 2024 final defeat. Spain claimed a 2-1 win while the Three Lions fell at the last hurdle for a second European Championship final in succession. Fans had descended on pubs, bars andContinue Reading
Scotland could have the cheapest electricity in Europe if regional pricing was introduced, the boss of an energy firm has claimed. Greg Jackson, founder and chief executive of Octopus Energy, said reforming the energy market could result in lower bills for people across all of the UK. Speaking on the BBC’s SundayContinue Reading
Mike Ashley’s retail empire Frasers is set to announce as much as £550 million in underlying profit next week, as the retail giant reports its full-year results. The London-listed company, which owns the Sports Direct and House of Fraser retail brands, will announce its earnings for the year ending AprilContinue Reading
John Healey has set out the UK’s continued commitment to the Aukus defence project as he welcomed Australia’s defence minister to the country. Aukus is a “fundamental” part of the UK’s future security and can help drive the Government’s growth agenda, the new Defence Secretary said. Mr Healey spoke asContinue Reading
Energy Secretary Ed Miliband has said he will leave “no stone unturned” in trying to find a future for workers at Grangemouth, after ministers from the Scottish and UK governments met its owners. It is understood a report called Project Willow, worth around £1.6 million and funded by both governments,Continue Reading
The FTSE 100 nudged upwards on Friday – driven higher by several utilities, housing and mining stocks. The blue-chip index rose 30 points to end the week on 8,253, a 0.4% uplift. Investors were buoyed this week by stronger-than-expected gross domestic product news in May on Thursday. Early in theContinue Reading
Preparations for the Euro 2024 final are reaching fever pitch with pubs preparing for another welcome economic boost as an extra 10 million pints will be poured on Sunday. Publicans have laboured under tough trading conditions in recent years as they’ve battled closures during the Covid-19 pandemic, inflation and theContinue Reading
Carpetright is set to enter administration, putting the future of its more than 1,800 staff at risk. The carpet and flooring retailer has filed a notice of intent to appoint administrators. It is understood that experts from PwC are set to be appointed as part of the process, who willContinue Reading
