Sale brewing? Starbucks considers disposal of 300-store strong UK operation July 17, 2022 Coffee giant Starbucks is mulling a possible sale of its UK operations against a backdrop of tough macroeconomic conditions. The global coffee titan had requested adviser and investment bank Houlihan Lokey to scout for interest in its UK arm, according to a report in The Sunday Times. Some 300 stores within Starbucks’ 1,000-shop strong UK [...]
Tory leadership: Raab hits out at Truss’ record as Treasury minister July 17, 2022 Dominic Raab has questioned the record of Tory leadership hopeful Liz Truss when she worked as a Treasury minister in response to her attacks on Rishi Sunak. The Deputy Prime Minister, a Sunak supporter, said “people can see whether spending and headcount in the civil service went up or down” when Truss worked as chief [...]
Fast fashion: Mike Ashley’s retail behemoth Frasers Group eyes I Saw It First July 17, 2022 Mike Ashley’s retail empire may make a swoop for I Saw It First, an online fast-fashion brand owned by Boohoo founder Jalal Kamani. According to a report in The Telegraph, Frasers Group could add I Saw It First to its list of retail takeovers within a matter of weeks. The Telegraph’s sources told the newspaper [...]
Brits turn to ice cream, paddling pools, BBQs and fans as temperatures set to break record today July 17, 2022 Sales of paddling pools and fans are soaring and ice cream is set to break a record for the amount bought in a single week as Brits prepare for more heat with temperatures continuing to rise. With an “amber” extreme heat warning in place for much of England and Wales today, tomorrow and Tuesday, Tesco [...]
From translations to chatbots: The future has arrived as UK firms rush to implement artificial intelligence July 17, 2022 It seems the future is knocking as more and more UK businesses are actively looking to implement artificial intelligence, with solutions such as speech recognition, machine translations, chatbots and sentiment analysis being the key drivers. Many businesses are opting to take a low- or no-code approach to implementing artificial intelligence solutions into their operations, according [...]
Newsroom’s fake news dilemma: The role of NGOs in an understaffed, hyper-competitive sector July 17, 2022 Th pressure on media outlets to rapidly get good quality footage to support global news stories has never been greater. Understaffed news rooms are rushing to beat the competition – not just the vast number of global online, print, radio and television media but also the factories dedicated to creating fake news stories that are propagated through [...]
Rio Tinto warns of heavy $400m hit to earnings as Covid-19 hampers production July 16, 2022 Rio Tinto has warned COVID 19-related labour shortages and rising inflation would damage its earnings in the second half of 2022.
Avoid travelling in heatwave, warns Network Rail July 16, 2022 Network Rail has warned that passengers in England and Wales should travel only if necessary during next week's scorching heatwave.
Jubilant Kremlin held ‘big party’ when Boris Johnson resigned as Putin expects to break West’s resolve this winter July 16, 2022 RUSSIAN government officials held a party in the Kremlin in Moscow to celebrate the resignation of Boris Johnson, it has been claimed. “What I can tell you is that there was a big party in the Kremlin, when Boris Johnson resigned,” Ukrainian MP Oleksiy Goncharenko said. “It was in all Russian propaganda, it was said [...]
Gazprom demands return of key turbine amid Nord Stream 1 closure July 16, 2022 The prospect of further disruption to Nord Stream 1 escalated today, with Gazprom putting pressure on Siemens to deliver a turbine.