Debt-laden Asda has emerged as the weakest performer among Britain’s biggest supermarkets this festive season, as new data from Kantar shows a steep 5.8 per cent drop in sales over the 12 weeks to 29 December, dragging its market share down from 13.5 per cent to 12.5 per cent. The private equity-backed retailer, controlled by TDR Capital and the billionaire ...
A company director who “repeatedly subverted the insolvency system” by facilitating debt-dumping arrangements for struggling businesses has been banned from running firms for nine years, following a government investigation. Neville Taylor, 57, served as a director of more than 400 companies and received close to £270,000 from Atherton Corporate, operators of a scheme that took over control of companies teetering ...
Rachel Reeves, the chancellor, is preparing to lead a team of ministers and advisers to the 2025 World Economic Forum in Davos, aiming to attract international backers and calm disquiet among domestic businesses. Reeves, who attended Davos as shadow chancellor for the previous two years, is scheduled to meet sovereign wealth funds and US private equity firms in an effort ...
A prominent fact-checking organization used by Facebook to moderate political content reacted to news that it will revamp its fact-checking to better avoid bias with an article outlining its disappointment and disagreement with the move. ‘Lead Stories was surprised and disappointed to first learn through media reports and a press release about the end of the Meta Third-Party Fact-Checking Partnership ...
Effective communication is at the heart of every successful business. Regardless of the size of your enterprise, having a reliable phone system is essential. A Private Branch Exchange (PBX) phone system is a popular solution, offering a wide range of features that can improve productivity and save money. But how does it work? This article will break it down for ...
AI spinout RoboK, born out of the University of Cambridge, has secured £1 million from UK Research and Innovation (UKRI) to lead a pioneering project that aims to boost safety and efficiency across Britain’s ports and warehouses. Named PALLETS, short for Proactive AI-powered Solutions for Logistics Efficiency, Transparency and Safety, this ambitious undertaking forms part of UKRI’s ‘Accelerating Trustworthy AI’ ...
Mark Zuckerberg, who often bends with the political winds, is getting out of the fact-checking business. And this is part of a broader effort by the Meta CEO to ingratiate himself with Donald Trump after a long and testy relationship. After a previous outcry, Zuck made a great show of declaring that Facebook would hire fact-checkers to combat misinformation on ...
Democrats held onto their narrow majorities in Virginia’s legislature as they won two of three special elections on Tuesday in the first ballot box showdowns of 2025. The closely-watched contests were seen by the political world as the first gauge of the mood of voters since President-elect Trump’s convincing victory in November, in elections that also saw Republicans win control ...
What a difference a day makes! December ISM Services data suggests the service sector remains strong. The JOLTS report showed there were 8.09 million job openings in November — that’s well above the 7.7 million that was expected. US economic growth is strong, as is the labor market. Stocks sold off on the news and for the rest of the ...
Buying a second hand vehicle can be an excellent way to save money and still get a good car. However, when it comes to financing pre-owned cars, many buyers are left wondering what their options are. Whether you’re looking at a Personal Contract Purchase (PCP) plan, a traditional bank loan or a newer option like peer to peer lending, it’s ...