After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Reckitt sells majority stake in Air Wick and Cillit Bang arm July 18, 2025 Reckitt Benckiser has agreed to sell its Essential Home business to private equity investor Advent International for $4.8bn (£3.6bn). Essential Home includes the brands Air Wick, Calgon, Woolite and Cillit Bang. The FTSE 100 giant, which will retain a 30 per cent equity stake in the business, has been reshaping its business to focus on “11 high-growth, high-margin [...]
Burberry: Early signs of turnaround take shape July 18, 2025 Burberry reported a smaller-than-expected dip in sales this morning as new chief executive Joshua Schulman’s early efforts to revive the luxury label begin to take hold. In a trading update for the 13 weeks to 28 June, the British fashion house said retail revenue fell six per cent to £433m, with comparable store sales down [...]
Tiktok gives retailers a headache with boom in returns culture July 18, 2025 Retailers are facing a conundrum. Their customers are searching for and buying clothes via Tiktok and Instagram, but those same social media customers are increasingly less likely to keep the clothes they buy. A surge in the number of clothes sent back to retailers has caused issues with both costs and with environmental goals, but [...]
A new LISA life: why the lifetime ISA needs reform July 18, 2025 While the Treasury Committee has criticised the Lifetime ISA (LISA) as poor value for money, helping young people get on the housing ladder remains a worthwhile goal, says Oliver Dean The Treasury Committee has raised valid concerns about the Lifetime ISA’s (LISA) value for money, concluding that in its current form the scheme is not [...]
Businesses stand ready tackle long-term sickness – if only we let them July 18, 2025 The huge spike in people being signed off work for mental health problems is a disaster for their individual wellbeing and for Britain’s economic prospects. Thankfully, the private sector is more than prepared to play its part, says Nick Tyrone The latest employment figures make for stark reading. Data from the ONS this week tells [...]
Buy now pay later firms to face tougher rules from next July July 18, 2025 Buy now pay later providers Klarna and Afterpay are set to face tougher rules by the Financial Conduct Authority (FCA) next year after much to-ing and fro-ing between fast-growing firms and regulators. The FCA has revealed new rules will kick in on 15 July next year. Buy now pay later entrepreneurs and other consumer groups [...]
Tesco seeks to appeal decision in ‘equal pay’ £4bn lawsuit ahead of final hearing July 17, 2025 Tesco is back in a courtroom this week seeking to overturn a legal decision ahead of a final trial over allegations of unequal pay at the supermarket giant
Does NFL hold key to resolving football’s bitter welfare row? July 17, 2025 A bitter row between Fifa and players’ union Fifpro escalated at the recent Club World Cup in the US, but looking across the pond could provide the solution. Fifa president Gianni Infantino may be fond of his slogan “football unites the world” but the recent Club World Cup only appeared to drive a wedge even [...]
Mike Ashley’s investments double to £1bn thanks to Hugo Boss shares July 17, 2025 The total value of the stakes Mike Ashley’s empire holds in the likes of Hugo Boss, AO World and Boohoo have doubled to £1bn in just over a year, it has been revealed. According to the group’s latest financial results, which have been filed with the London Stock Exchange, the value of its investments in [...]
UK launches free AI training for schools as staff confidence lags July 17, 2025 The government has rolled out a new suite of free training materials to help schools and colleges across England get to grips with artificial intelligence in the classroom. The Department of Education (DfE) said the resources – developed by Chiltern Learning Trust and the Chartered College of Teaching – aim to boost staff confidence in [...]