2 h. ago Britain’s biggest pawnbroker H&T snapped up by US firm for £297m; Goldman Sachs lifts UK and eurozone growth forecasts – business live

China issues warning to UK over terms of US trade deal, saying it is a ‘basic principle’ that bilateral agreements should not target other nationsHere’s our full story on the Co-op saying that that stock availability in its stores will not improve until this weekend, as it struggles to recover from a cyber-attack two weeks ago.And our full take on Burberry’s planned 1,700 job cuts. Continue reading...

Economics

3 h. ago Burberry to cut up to 1,700 jobs worldwide in bid to slash costs

The majority of reductions are set to come from head office-based teams around the world, led by the UK where there is a bigger proportion of staff.

Politics

4 h. ago Burberry: share price and stock news as iconic fashion brand announces plans for 1,700 job cuts

The luxury giant is stepping up its turnaround plan as demand dips 📉g

Economics

5 h. ago Burberry to axe 1,700 jobs globally in bid to cut costs as it swings to a loss

Burberry said it was hiking its cost-cutting target to £100million of savings per year by the 2027 financial year.

Economics

5 h. ago Burberry may cut 1,700 jobs globally to reduce costs as profits fall

Struggling fashion brand to remove night shift at raincoat factory in Yorkshire, affecting about 150 postsBurberry has said it could cut 1,700 jobs worldwide by 2027 – including removing the entire night shift at its Yorkshire raincoat factory – as the struggling fashion house ramps up its efforts to slash costs after a tumble in profit.The British luxury brand announced the job cuts on Wednesday after reporting a 117% fall in its annual pre-tax profits in the last financial year. It recorded a £66m loss, down from a profit of £383m, as the company has struggled against a broader malaise in the global luxury goods industry. Continue reading...

Economics

6 h. ago Burberry to cut up to 1,700 jobs worldwide after £3 million loss

The luxury fashion brand said it was hiking its cost-cutting target to £100 million of savings by the 2027 financial year.

Economics

6 h. ago Burberry job cuts: Luxury fashion brand may axe 1,700 staff after announcing £3m loss

From Burberry’s planned job cuts and Aviva’s £3.7bn takeover probe to China’s criticism of the UK-US trade pact, here are today’s top business stories in the UK.

Economics

6 h. ago Burberry to axe up to 1,700 jobs after falling into loss on luxury slump

Burberry said it had suffered a “challenging first half” and warned of a “difficult macroeconomic backdrop.”

Politics

6 h. ago Luxury fashion brand Burberry to cut up to 1,700 jobs after £3million loss

Burberry is looking to make £100million of savings per year by the 2027 financial year - up from the £40million it was previously targeting

Economics

27 h. ago Thames Water CEO says crisis ‘decades in the making’; Goldman Sachs cuts US recession odds – business live

Rolling coverage of the latest economic and financial newsUK pub chain Marston’s has swung back to a profit in the first half of its financial year, thanks to a busy Christmas and Mother’s Day, as well as a tighter focus on costs.The pub owner reported a pre-tax profit of £19m in the 26 weeks ended on 29 March, compared with a loss of £0.2m in the comparable period in 2024.Their revised forecast reflects a combination of a lower effective tariff rate and the recent easing of financial conditions.We raise our S&P 500 return and earnings forecasts to incorporate lower tariff rates, better economic growth, and less recession risk than we previously expected. Our new 3- and 12-month returns forecasts are +1% and +11%, indicating levels of 5900 and 6500 (previously 5700 and 6200). Continue reading...

Economics

28 h. ago Goldman Sachs cuts US recession odds on tariff optimism; UK wage growth slows as jobs market cools – business live

Rolling coverage of the latest economic and financial newsUK pub chain Marston’s has swung back to a profit in the first half of its financial year, thanks to a busy Christmas and Mother’s Day, as well as a tighter focus on costs.The pub owner reported a pre-tax profit of £19m in the 26 weeks ended on 29 March, compared with a loss of £0.2m in the comparable period in 2024.Their revised forecast reflects a combination of a lower effective tariff rate and the recent easing of financial conditions.We raise our S&P 500 return and earnings forecasts to incorporate lower tariff rates, better economic growth, and less recession risk than we previously expected. Our new 3- and 12-month returns forecasts are +1% and +11%, indicating levels of 5900 and 6500 (previously 5700 and 6200). Continue reading...

Economics

28 h. ago Pub group Marston’s returns to profit after cost cuts and drawing in punters

The company reported a pre-tax profit of £19 million for the six months to March 29.

Economics

4 d. ago Trump signals openness to cutting China tariffs ahead of Geneva talks

US president suggests reduction to 80% as Beijing announces increase in global exports

Politics

1 week ago Next to reveal jump in profit despite rising costs and trade war uncertainty

The retail giant will post its first quarter results on May 8, hot on the heels of revealing annual profits of more than £1 billion.

Economics

1 week ago UPS cites Trump tariffs as it announces expected layoffs of 20,000 workers

Company cites ‘current macro-economic uncertainty’ as sweeping tariffs discourage customers from shippingBusiness live – latest updatesThe United Parcel Service (UPS) is expected to cut about 20,000 jobs in 2025 as a part of a larger plan to reduce costs and increase profit, citing “changes in the global trade policy and new or increased tariffs”.UPS announced the layoffs on Tuesday in its first quarter earnings report. The parcel delivery service said it made consolidated revenues of $21.5bn, compared with $21.7bn about the same time a year ago. Additionally, the company said it would be shuttering 73 leased and owned buildings by the end of June of this year. Continue reading...

Politics

2 w. ago African diplomats urge UK government to back bill to speed up debt restructurings

Exclusive: Countries are struggling to manage expensive loans, with much of debt transacted through LondonDiplomats from eight southern and east African countries have signed a letter calling on the UK government to support a private member’s bill that aims to speed up debt restructurings, after economic crises meant countries were unable to pay back loans.Poor countries’ economies have been hit by a series of global events in recent years, including the coronavirus pandemic, which reduced growth; the Russian invasion of Ukraine, which sent inflation soaring; and raised US interest rates, which have pushed up the cost of international loans to often unaffordable levels. Continue reading...

Politics

2 w. ago Major rally and march to be held by workers striking at prestigious Scottish university over 700 job cuts

The march and rally is the latest step in industrial action surrounding Dundee University

Events

3 w. ago Move over, Med diet – plantains and cassava can be as healthy as tomatoes and olive oil, say researchers

Findings from Tanzania’s Kilimanjaro region indicate traditional eating habits in rural Africa can boost the immune system and reduce inflammationPlantains, cassava and fermented banana drink should be added to global healthy eating guidelines alongside the olive oil, tomatoes and red wine of the Mediterranean diet, say researchers who found the traditional diet of people living in Tanzania’s Kilimanjaro region had a positive impact on the body’s immune system.Traditional foods enjoyed in rural villages also had a positive impact on markers of inflammation, the researchers found in a study published this month in the journal Nature Medicine. Continue reading...

Society

3 w. ago Minister hopes supreme court’s gender ruling will ‘draw a line’ under trans debate – UK politics live

Health minister Karen Smyth says ‘it’s good we have clarity for women’ as Tories call for ruling to be ‘reinforced with legislation’Shadow chancellor Mel Stride has highlighted the recent report by the Institute of Chartered Accountants in England and Wales (ICAEW) which suggested business confidence in the UK has dipped severely.In a post to social media, the recently knighted MP said:I take no pleasure in the ICAEW’s latest survey, which reveals UK business confidence has slipped into negative territory for the first three months of 2025, thanks to Labour’s anti-business budget.Tax burden tops the list of concerns for the second quarter in a row, with 56% of businesses saying it’s their greatest challenge. Red tape follows closely, with 43% of companies reporting increased strain. Rising costs and wage pressures continue to squeeze profits, with investment growth remaining sluggish.Single-sex services like changing rooms must be based on biological sex. If a male person is allowed...

Politics

last month End of the fish and chip shop? Owners reveal how rising prices and Labour's National Insurance rise have wiped out their profits

Fish and chip shop owners have revealed they are no longer turning a profit from selling cod, amid rising costs and tightening fishing quotas - as some say they fear going out of business altogether.

Economics