Asda is mandating that head office employees work on-site at least three days a week, while also announcing job cuts to streamline operations and stabilise its market position. The changes, communicated in an internal email by interim CEO Lord Rose, affect over 5,000 staff across Leeds

The UK Treasury may have breached the law by withholding £9.5 billion in spending pressures ahead of Jeremy Hunt’s final Budget in March, according to Richard Hughes, head of the Office for Budget Responsibility (OBR). Hughes suggested that vital financial data on departmental budgets, required by

The pound fell sharply against the dollar, dropping 1.4% to $1.285—its lowest in two months—as traders adjusted to the news of Donald Trump’s projected return to the White House. Known for his “America First” policies, Trump’s victory sent the dollar soaring, with gains of 2% against

Pub chain JD Wetherspoon has warned that pint prices may increase as the company faces a £60 million surge in costs following Chancellor Rachel Reeves’s Budget. Founder Sir Tim Martin highlighted that rising costs from National Insurance (NI) and national living wage hikes are putting substantial

Farming leaders and suppliers are warning that Chancellor Rachel Reeves’s inheritance tax on farming assets exceeding £1 million could undermine Britain’s food security, making the UK more dependent on foreign imports. Senior business figures, including Nigel Murray, managing director of Booths supermarket, have voiced concerns that

Donald Trump is set to return to the White House as America’s 47th president after securing a projected 266 electoral votes, narrowly edging out his Democratic opponent, Kamala Harris. Trump celebrated what he called a “magnificent victory,” calling it the start of a “golden age of

Asos has expressed confidence in its recovery strategy despite reporting a £380 million pre-tax loss for the past financial year. The online fashion retailer has halved its inventory levels since 2022 and shifted focus to full-price sales, aiming to improve profitability. Chief Executive José Antonio Ramos

Electric car sales surged by 24% in October, capturing over 20% of the new vehicle registrations market, thanks to extensive discounting by manufacturers eager to meet government zero-emission targets. According to the Society of Motor Manufacturers and Traders (SMMT), new car registrations dropped from 153,000 in

Experts from the National Institute of Economic and Social Research (NIESR) have cautioned that the recent increase in employers’ national insurance contributions (NICs), announced in Chancellor Rachel Reeves’ budget, will likely lead to higher unemployment. NIESR has described the NICs increase as a “tax on jobs,”