Embattled Superdry will publish a restructuring plan over the coming days which will entail steep rent cuts across a large number of its 94 stores. Sources told Sky News City …
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Musk to cut 14,000 jobs at Tesla, saying ‘it must be done’
Tesla is reportedly due to lay off over 14,000 employees, around 10 per cent of its workforce, as it aims to shed weight ahead of a new phase of growth. …
Samsung steals smartphone crown from Apple as Chinese rivals Huawei, Oppo and Xiaomi eat into market
Samsung has stolen the top spot in the smartphone market back from Apple, after the US tech giant gained an edge a few months ago. Apple’s iPhone sales sagged 10 …
Deal agreed to sell 235-acre failed Britishvolt site to US private equity giant Blackstone
A deal has been agreed to sell the site of failed EV battery business Britishvolt in Northumberland to a US private equity giant. The site in Cambois, which was formerly …
Former Blackburn Rovers footballer sues HSBC for £2m over loan negligence
Former professional footballer Matt Jansen has launched a legal challenge claiming banking giant HSBC lost him over £2m on property loan agreements during the 2008 financial crash. The claim was …
Uniqlo: Viral TikTok trend helps boost European sales past £1bn
Uniqlo’s sales across Europe surged past €1bn (£853m) thanks to one of its products going viral on TikTok, it has been revealed. The London-based arm of the Japanese retailer has …
Goldman Sachs beats expectations as investment bank shows signs of recovery
A nascent recovery in investment banking helped Goldman Sachs outperform expectations, with quarterly profit rising 28 per cent to $4.1bn in the first quarter of the year. Goldman reported revenue …
Health tech group to expand in UK amid booming private healthcare demand
Health Tech Solutions Group (HTS Group) is expanding its services in the UK as it looks to capture the nation’s booming private healthcare market. The provider of mobile and ‘at …
I spotted the last wild orangutans in Borneo – you can too
Borneo feels incredibly remote and untouched. Then there are the orangutans. By Siobhan Grogan I’m barely ten minutes’ walk from the hotel swimming pool when I spot my first tarantula. …
Revolut UK chief: New York threatening London’s ‘supremacy’ in fintech
London is at risk of losing its fintech “supremacy” to New York, the UK boss of Revolut has said, as the city boasts a plethora of top talent, and the …