Ocado is to cut around 1,000 jobs as part of a plan to reduce costs and restructure its operations. The company, which provides automated technology for distribution centres and runs its own UK online grocery business through a joint venture with Marks & Spencer, said two-thirds of the job losses would be in the UK….
The world’s most valuable company has reported another series of disappointing results, putting fears of the AI bubble bursting to rest for the time being. Nvidia said its revenue reached another all-time high by more than $200bn (£147bn) in the 2026 financial year, far exceeding Wall Street estimates and the company’s own guidance. Money Blog:…
Donald Trump’s new global tariff hikes, set to take effect from Tuesday, have left UK businesses facing uncertainty and higher costs. Governments around the world have been scrambling for information since Friday, when the US Supreme Court struck down his “Liberation Day” tariff policy and the President announced a temporary 15% tax on imports into…
Sky News believes the Football Association has spoken to Manchester United co-owner Sir Jim Ratcliffe to remind him of his responsibilities as a participant in English football. The intervention by football’s governing body comes after Sir Jim’s comments about immigration. The founder of INEOS chemicals group told Sky News that Britain was “colonized” by immigrants….
Supreme Court struck down President Donald Trump’s sweeping tariffs U.S. stocks rose modestly in temporary trading Friday after the Supreme Court struck down President Donald Trump’s sweeping tariffs, a move that had earlier contributed to market volatility, the AP reported. The Dow Jones Industrial Average rose 128 points, or 0.3 per cent. The S&P 500…
Official figures show that there is more money left in the public finances than ever due to higher taxes being paid. The budget surplus in January was the largest since records began in 1993. according to Office for National Statistics (ONS) data. This means the government received more money than it spent last month, with…
The consultancy firm founded by Lord Mandelson is on the verge of going into administration, a member of staff told Sky News. The Global Council (GC), which severed its ties with the former government minister and ambassador to the US earlier this month over his links with late paedophile financier Jeffrey. Approximately 130 employees are employed….
