So this is what you get from a $113m chief executive: a ditching of profits guidance served with a dollop of platitudes about going back to the company’s roots. Amazingly, the stock market still thinks Starbucks is worth 25% more than before Brian Niccol was appointed. To be fair to the new boss, he’s been…
Mike Ashley’s Frasers Group has criticised the management of Mulberry as it walked away from its attempts to take over the luxury handbag maker after a series of rejected offers. Frasers, which is Mulberry’s second-largest shareholder with a 37% stake, had made several offers for the fashion brand, culminating in a £111m bid this week,…
“They really did go well together,” said Erin Rivers after finishing off her Greggs sausage roll paired with Bollinger rosé brut champagne. “The contrast from something very carby to a very crisp drink was really nice.” Rivers, a 22-year-old production assistant, was one of the first people to experience a Greggs champagne bar in the…
Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to the National Association of Realtors. Sales were 3.5% lower than in September 2023. Sales fell in three out of four U.S. regions, with just the…
Coca-Cola President and CEO James Quincey attends a press conference with International Olympic Committee (IOC) president and China Mengniu Dairy CEO and Executive Director, as part of the 134th Session of the International Olympic Committee (IOC) at the SwissTech Convention Centre in Lausanne, on June 24, 2019. Fabrice Coffrini | AFP | Getty Images Coca-Cola…
A pay-per-mile road pricing system must be brought in now, according to Tony Blair’s thinktank, which is urging the chancellor to overhaul motoring taxes. Rachel Reeves is widely expected to confirm the end of a temporary 5p cut in fuel duty, and possibly announce an inflationary rise in the tax paid on petrol and diesel…
Taylor Swift fans and Olympic visitors helped push record-breaking numbers of passengers to travel through Heathrow between June and September, prompting the airport to consider reinstating its dividend for the first time in four years. The UK’s biggest airport said there had been multiple consecutive weeks with record passenger numbers during the school holidays, with…
The government is preparing to give the independent regulator powers to prevent Premier League clubs from selling their stadiums to related or third-party companies. In June the Premier League attempted to close the loophole which enables clubs to use one-off profits from the sale of property to escape profitability and sustainability rules charges but failed…
Workers picket outside the Boeing Co. manufacturing facility during a strike in Renton, Washington, US, on Thursday, Oct. 3, 2024. David Ryder | Bloomberg | Getty Images Boeing‘s new CEO Kelly Ortberg said the company needs to become leaner and improve quality, a vision he laid out for the troubled plane manufacturer ahead of his…
An artificial intelligence startup backed by Amazon and Google says it has created an AI agent that can carry out tasks on the computer such as moving a mouse cursor and typing text. US company Anthropic said its AI model, called Claude, could now perform computing tasks including filling out forms, planning an outing and…
