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Guinness could be sold for £8BILLION as owners prepare to cash in on...
GUINNESS could be sold off for as much as £8billion as parent company Diageo eyes cashing in on the surging thirst for the Irish stout.The stout has exploded in popularity in the past year – so much so...
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Struggling luxury brand Burberry’s return to outerwear roots comforts...
BURBERRY’S return to its outerwear roots has comforted investors who had cold-shouldered the brand.New boss Joshua Schulman is focusing a turnaround of the struggling luxury business on coats and...
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Stocks in Microsoft, Meta and more plunge as China launches rival AI app
MORE than a trillion dollars were wiped off some of the world’s biggest tech firms yesterday after markets were blindsided by a cheap Chinese AI start-up.Tech investors have been panicked after a small...
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Ineos Energy chairman blasts UK’s Net Zero dash and warns of power cuts and...
THE chairman of Ineos Energy has attacked the UK’s Net Zero dash, saying it risks inflation and inevitable “power cuts and strain on the grid”.The chemicals group has been investing in oil and gas...
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British business bosses say Reeves’ focus on growth doesn’t fix problems...
THE Chancellor’s focus on future growth doesn’t fix problems caused by her Budget, businesses insist.Rachel Reeves yesterday tried to swat away accusations she had talked down the economy, with upbeat...
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Kurt Geiger boss Neil Clifford reveals he used to clean toilets and sell...
CLEANING toilets and selling paraffin isn’t the usual path to becoming a CEO.But that was the route for Neil Clifford, who has been the boss of British shoe and handbag brand Kurt Geiger for the past...
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Asda facing £1.2billion payout to thousands of workers after losing crucial...
TENS of thousands of Asda workers could be set for a combined £1.2billion in back pay after the chain lost a crucial ruling in its long- running equal wage dispute.It has been battling claims since...
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Drinks giant Diageo could face whopping £160m profits hit if Trump goes ahead...
DRINKS giant Diageo has warned it could face a £160million hit to its profits if Donald Trump presses ahead with tariffs on Canada and Mexico.It is heavily exposed — with 42 per cent of its US revenues...
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Car giants pushing for Government to soften tough net zero rules
CAR giants believe they are close to convincing the Government to soften some of its tough net zero rules.Representatives from JLR, Ford, Vauxhall-owner Stellantis and Nissan met Transport Minister...
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Bank of England Governor Andrew Bailey answers YOUR questions from Rachel...
THE Bank of England yesterday lowered interest rates from 4.75 per cent to 4.5, while halving its growth forecasts amid fears about the economy.The Bank’s Monetary Policy Committee has to perform a...
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Electric car-charging firm boss admits company broke law a week after...
THE boss of an electric car-charging firm that last week received £55million from taxpayers has admitted it broke the law by deliberately not filing its accounts.Connected Kerb delayed filing to avoid...
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Builders say Labour’s housing targets cannot be met with 100,000 home...
THE UK risks building only half of the 300,000 homes targeted this year by the Government, according to a third of housebuilders.Only 2 per cent believed that the goal set by Deputy Prime Minister...
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Ladbrokes CEO breaks record for shortest-serving boss after abruptly leaving...
AlamyTHE CEO of Ladbrokes has been abruptly sent packing after less than six months — breaking the record for the shortest-serving boss of a FTSE 100 firm.Gavin Isaacs joined Ladbrokes and Coral owners...
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Rachel Reeves told to ‘work closer with business to fund infrastructure...
RACHEL Reeves should work closer with business to fund infrastructure projects rather than stretch public finances, a pensions firm boss has said.Andy Briggs, boss of FTSE 100 Phoenix Group, said there...
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Supermarket mega-mergers could soon happen after Government’s overhaul of...
MEGA-MERGERS between supermarkets could be on the horizon after the Government’s overhaul of the competition watchdog.The Competition and Markets Authority has been told to be more agile and tighten...
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Thames Water appeals Ofwat’s price cap – claiming hiking bills by a third...
Troubled Thames Water has launched an appeal against regulator Ofwat’s price cap, as it says hiking bills by a third over the next five years is not enough.Ofwat denied Thames’ request for a 53 per...
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Judge reluctantly approves £3bn Thames Water rescue package but slams...
A JUDGE slammed the “eye-watering” £210million paid to advisers working on Thames Water after reluctantly approving a £3billion lifeline.The restructuring plan for debt-laden Thames will see...
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UK and Europe must boost arms spending and not trust Russia, warns boss of...
THE boss of Britain’s biggest defence firm, BAE, says Russia is not to be trusted and the UK and Europe must boost arms spending.Chief executive Charles Woodburn told The Sun that even amid peace talks...
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Lloyds put aside £1.2BILLION to cover potential claims in car finance scandal...
LLOYDS BANKING GROUP has had to shift gears and put aside £1.2billion to cover potential claims from drivers for its part in the motor finance scandal.The sum is £700million more than it expected to be...
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Hospitality bosses slam plans to introduce compulsory tourist tax across England
Hospitality bosses have slammed plans to introduce a tourist tax across England. Andy Burnham, Greater Manchester Mayor, this week suggested that an existing optional fee in some Manchester city centre...
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B&M Bargains’ boss departs as big profit warning raised questions about...
B&M BARGAINS’ boss has checked out — as a big profit warning raised questions about his leadership of the firm.The discount retail chain yesterday tried to position Alex Russo’s exit as retirement...
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Budget’s national insurance hike is an indirect tax on skills and training,...
THE Budget’s tax raid on business is going to be challenging for all firms.But the national insurance hike is an indirect tax on skills and training — the very things we need to fuel economic...
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BP DITCHES green targets and makes screeching U-turn back to oil & gas after...
ENERGY giant BP has axed its green targets and shifted back to oil and gas — admitting that its move to Net Zero was “misplaced”.The firm has scaled back investment in renewable projects by 70 per...
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Vauxhall owner Stellantis’ profits tumble by 70% as Aston Martin delay...
THE challenges facing the car industry in its switch to electric were laid bare yesterday with a double dose of bad news.Vauxhall owner Stellantis, which last year caused shock waves by shutting its...
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From Rolls-Royce soaring to Ocado dipping – more than a dozen FTSE firms...
MORE than a dozen FTSE companies dumped their figures on the City yesterday to comply with rules to report within three months of their annual results.The “Super Thursday” trend started because boards...
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British Airways owner IAG sees profits soar as fuel costs fall and passenger...
PROFITS took off at BRITISH AIRWAYS owner IAG last year as fuel costs shrank and it made more money from customers.Passenger revenue increased by 3.1 per cent, while fuel overheads fell by 5.2 per...
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Defence spending hike will create jobs boom for next generation, says Sir...
TRAINING students to work in the defence industry will boost security, the economy and job opportunities, the PM reckons.Sir Keir Starmer yesterday hailed his move to hike defence spending by £6billion...
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Small businesses will benefit from increased govt defence spending, Rachel...
SMALLER British firms will see increased government spending funnelled towards them to create more innovative weapons, Rachel Reeves said yesterday.The Chancellor pledged to “fire up” the British...
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Woke financing rules must change, says Rachel Reeves as red tape puts defence...
WOKE financing rules must change, Rachel Reeves told The Sun last night, as British defence firms warned red tape was putting them at risk of collapse.With global tensions running high, the Government...
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Struggling Poundland set to be sold by its owner within the next six months
POUNDLAND looks set to be flogged by its current owner in the next six months.Polish retailer Pepco Group said it plans to unload the struggling budget chain by September.GettyStruggling Poundland...
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From teaching young girls about money to plugging pension gaps – how to fix...
MILLIONS of women are financially much worse off than their male counterparts – just because of gender. This disparity starts in childhood and continues to old age. ShutterstockMillions of women are...
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Future of Boots once again uncertain following £7.8billion takeover of its US...
THE future of Boots is again uncertain following a £7.8billion takeover of its US owner by a private equity firm.Pharmacy giant Walgreens Boots Alliance announced late on Thursday it had been acquired...
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Travis Perkins rocked as new boss Pete Redfern steps down after just six...
Travis Perkins has been left reeling after new boss Pete Redfern was forced to step down due to ill health, after just six months in the job.Shares in the builders’ merchant fell by 8 per cent...
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Debenhams returns as Boohoo takes the bust department store’s name
DEBENHAMS is back as fast-fashion retailer Boohoo takes the bust department store’s name.The online group yesterday shocked the City by announcing the decision alongside a radical overhaul of its...
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City’s top two regulators follow Trump’s lead by ditching plans to bring in...
THE CITY’S top two regulators have ditched plans to bring in diversity, equity and inclusion rules in the latest sign of the death of DEI in a post-Trump world.It was announced in a bonfire of red tape...
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Iceland is now UK’s biggest recruiter of former offenders and is helping...
ICELAND is now the UK’s biggest recruiter of former offenders and is ramping up plans to help other major companies employ prison leavers.In the last 2½ years, the frozen foods retailer has conducted...
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Asda aims to win shoppers back with new strategy to cut brand prices
ASDA will win shoppers back by being an “online discounter” and selling the cheapest branded goods and petrol, its boss says.Executive chairman Allan Leighton told The Sun yesterday it was critical for...
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Disgraced hedge fund tycoon Crispin Odey fined £1.8m and banned from working...
DISGRACED hedge fund tycoon Crispin Odey has been fined £1.8million and banned from working in finance for a “lack of integrity”.It comes amid his handling of multiple sexual harassment allegations...
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New Unilever boss handed £763k to move house as big firms boost packages to...
THE new boss of UNILEVER is being given £763,000 to move house, The Sun can reveal. Fernando Fernandez will rake in the record “relocation benefits” of any top brass at British-listed companies. Phoebe...
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German Doner Kebab boss wants to turn chain into date-worthy dinner spot
GERMAN DONER KEBAB boss Simon Wallis is on a mission to transform the food from “something you eat at 2am after 12 pints of lager” to a date-worthy dinner.He claims just four per cent of the restaurant...
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Pub and restaurant bosses warn new eco tax will hike prices and lump industry...
PUB and restaurant bosses want a U-turn on an eco tax that will push up prices.They teamed up to warn the packaging tax will lump the industry with millions of pounds in extra costs.AlamyPub and...
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Wetherspoons punters face price hike as boss Sir Tim Martin warns of £60m...
WETHERSPOONS boss Sir Tim Martin has warned of price rises in his pubs — as they face £60million extra costs from the Chancellor. The chain’s founder and chairman said the hike in employers’ national...
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Morrisons to close cafes and axe 350 staff months after boss warned of...
MORRISONS is to close much-loved cafes and axe more than 350 staff just months after its boss warned of an “avalanche of costs” from the Budget.The supermarket yesterday unleashed a major shake-up to...
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Screwfix and B&Q owner urges Rachel Reeves to reform business rates if...
THE owner of Screwfix and B&Q has called on the Chancellor to urgently reform business rates if she plans to cut taxes for big US tech companies, including Amazon. Kingfisher boss Thierry Garnier...
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Business leaders complain Spring Statement fails to ease burden for companies...
BUSINESS leaders have complained that yesterday’s Spring Statement failed to ease the burden for companies bracing for “awful April” and damage from Labour’s workers’ rights bill.Small and big firms...
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Hundreds of WH Smith stores to be rebranded TG Jones as part of £75million deal
WHSMITH’S name is to vanish from the high street — with hundreds of shops being reborn as TG Jones in a £75million deal.The retailer hoisted a “for sale” on its 500 high street shops, to focus on its...
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Brit businesses hit with huge burden of extra costs as Reeves’ brutal budget...
BRITISH businesses are in no mood for laughing this April Fool’s Day as a huge burden of extra costs lands on their doormats.Small and big firms alike are bracing to be whacked with an onslaught of...
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Food prices rose by 3.5 per cent last month — as experts warn further hikes...
FOOD prices crept up last month — and experts warn further rises are ahead due to Budget costs and a packaging tax.Grocery inflation hit 3.5 per cent in March, up from 3.3 per cent, according to...
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Food factory workers fearing for their jobs after £1.2billion merger between...
FOOD factory workers are fearing for their jobs after a £1.2billion merger between two ready-meal giants.Greencore, the UK’s biggest maker of sandwiches, yesterday struck terms for a merger with...
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Fast-fashion giant Shein’s £50billion London listing rocked by Trump’s tariffs
FAST-FASHION giant Shein’s £50billion London listing is on shaky ground as investors assess the impact of hefty Trump tariffs.A month ago, boss Donald Tang finally confirmed the worst kept secret in...
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