A prominent UK supermarket chain has unveiled plans to close a number of its stores, impacting several communities. The move is part of a strategic review to ensure long-term viability in a competitive retail market.
A major pharmaceutical multinational has announced a drastic cost-cutting plan, putting 9,000 roles at risk globally. The move signals deepening turmoil within the industry, raising concerns for the UK's strategic life sciences sector.
Exclusive: Two of Britain's leading banks, ANZ and National Australia Bank, announce significant job cuts as part of a major operational restructuring, affecting hundreds of UK banking staff.
ANZ Bank announces a massive restructuring plan, slashing thousands of jobs in Australia to cut costs and boost efficiency. The move signals a major shift in the banking sector's operational strategy.
UK publishing powerhouse Reach PLC, owner of the Daily Mirror and Express, has unveiled a significant restructuring plan that could lead to 450 job cuts. The move is a strategic response to a challenging print market and rising costs, aiming to refocus on
Financial giant Standard Life Aberdeen announces 500 job cuts as part of a £75m cost-saving initiative, aiming to streamline operations and boost profitability.
The University of Technology Sydney can proceed with its controversial restructure after the NSW regulator lifted its order, despite ongoing union concerns over job losses and transparency.
In a surprising turn, John Lewis and Primark report strong sales growth, challenging the broader retail downturn and offering a glimmer of hope for the UK high street.
Australian tech giant Atlassian, co-founded by billionaire Mike Cannon-Brookes, is laying off 5% of its staff in a strategic pivot towards artificial intelligence, impacting hundreds of employees globally.
American restaurant chain Smokey Bones, a direct competitor to TGI Fridays, has suddenly closed several of its UK branches. The closures are part of a major strategic review, leaving customers and staff surprised. Find out which locations are affected and
In a surprising turn, John Lewis and Primark report strong sales growth, challenging the broader retail downturn and offering a glimmer of hope for the UK high street.
Discount retail giant Home Bargains is set to close all its UK stores for three days in September for an extensive staff training programme, promising a revamped customer experience upon reopening.
Iconic accessories retailer Claire's is set to close several of its UK stores as part of a major Company Voluntary Arrangement (CVA) restructuring plan, impacting the British high street.
John Lewis Partnership announces major expansion plan to create 10,000 new roles in rental services, financial products, and refurbished furniture, marking significant shift in retail strategy.
Exclusive: Lloyds Banking Group launches a sweeping operational review, putting 1,600 roles under consultation while simultaneously creating 830 new positions in a strategic shift towards enhanced digital services.
Electronics retailer CEX has sparked fury after employees created a controversial window display featuring a mannequin slumped over a till, labelled 'Average Retail Worker'. The stunt has been branded 'disgusting' and 'tone-deaf' by furious customers.
Major creditors have tabled a radical £20 billion restructuring plan to rescue Thames Water from administration, aiming to secure the future of Britain's largest water company and prevent a national crisis.
Christine Woodson faces multiple felony charges after police allege she orchestrated a brazen scheme to steal high-value Slushi Ninja machines from Target stores across Virginia in a sophisticated retail crime operation.
Laurent Freixe, the long-serving CEO of Nestlé UK & Ireland, has been abruptly dismissed as the food giant scraps its regional management boards in a major corporate overhaul.
Exclusive: Chancellor Rachel Reeves pushes for significant losses for Thames Water's creditors in a radical restructuring plan, aiming to protect billpayers from the burden of the utility's massive debt.
A veteran supermarket security guard reveals the sophisticated and brazen methods used by organised criminal gangs to plague UK retailers, costing millions and creating a climate of fear for staff and shoppers.
US budget carrier Spirit Airlines files for Chapter 11 bankruptcy, its second filing in 11 years, as it grapples with mounting debts and fierce industry competition, casting uncertainty over its future operations.
Another beloved high street name announces a wave of closures across England and Wales, impacting jobs and local communities. Get the full list of affected locations and the reasons behind the decision.
Norfolk-based sports car manufacturer Lotus is set to cut up to 200 jobs as part of a significant restructuring plan, citing a necessary strategic pivot towards an all-electric future under its Chinese parent company, Geely.
Ford Motor Company announces significant job cuts, eliminating 1,400 positions across Michigan and New York as part of its strategic shift toward electric vehicle production.
Arts and crafts retailer Hobbycraft is set to close six stores across the UK in a major restructuring plan, putting dozens of jobs at risk. Get the full details on the locations and the company's strategy.
JD Sports reports a sharp 4.2% drop in UK sales, blaming fragile consumer confidence and a 'challenging' market. The retail giant's warning signals trouble for the wider high street.
Authorities in California have dismantled a sophisticated organised crime ring accused of stealing over £3.5 million in merchandise from Home Depot stores across multiple counties.
The High Court approves a rescue deal for Poundland's parent company, saving thousands of UK retail jobs and securing the future of 800 stores nationwide.
Exclusive report: CBS News makes dramatic cuts, parting ways with broadcasting icon Gayle King and executive Neeraj Khemlani in a sweeping overhaul by parent company Paramount Global.