An organisation that rescues hundreds of tonnes of surplus food from going to waste wants to expand its work. Food in Community, a Dartington-based community interest company, has been collecting unwanted and extra crops from local growers and farmers for 14 years in a bid to reduce waste and improve …
Read More »Sainsbury’s to sell Argos for £120m
Sainsbury’s has agreed to sell Argos for £120m as the supermarket chain aims to focus on its core food business. The buyer, Swift Partners, is a company which has been created to buy the brand and includes former Co-operative Group boss Richard Pennycook. Under the terms of the deal, Argos …
Read More »BP hangs for sale sign over North Sea operations
BP has placed its North Sea oil business up for sale. Source link
Read More »Sainsbury's agrees £120m deal to sell Argos
Sainsbury’s has revealed it is selling Argos under a “business as usual” deal that will allow the company to concentrate on its core supermarket business. Source link
Read More »Hospital parking hike in Essex only adds stress, patients say
Rosalind Wright has had two children at Broomfield Hospital and said parking was already a “nightmare” without the cost increase. She estimated she had about 10 appointments for scans, vaccinations and blood tests, and spent between £50 to £100 to park the car. The 39-year-old described the 20 minutes of …
Read More »Apple warns of memory chip shortage for key devices
Apple has warned it is seeking alternative memory chip suppliers as “very significant” constraints threaten future sales of its key devices. Source link
Read More »South Korean shares surge after chip stock rout
Share prices jumped in South Korea on Friday, partly reversing a three-day rout that wiped hundreds of billions of dollars off the value of the country’s stock market. The benchmark Kospi index was almost 17% higher in afternoon trading, driven by chip makers SK Hynix and Samsung Electronics. It came …
Read More »Three things we learned about AI from Big Tech earnings
AI tools may have not yet proven to be a consumer tech revolution on the scale of the internet or even electricity, external, as many tech executives have promised for years. But there is still huge demand from people for new technology. Google said last week that 950 million people …
Read More »Anthropic says AI models hacked three firms during tests
US tech company Anthropic says three of its artificial intelligence (AI) models broke out of isolated test environments and hacked into the systems of three other firms during a cybersecurity exercise. It comes just days after rival OpenAI said that its models had breached the systems of other companies, including …
Read More »Apple warns of future ‘supply constraints’ for Mac, iPhone, iPad
Apple spooked Wall Street on Thursday by warning it expected a “significant” hit from growing supply constraints for its most popular products. Shares in the company fell in after-hours trading by more than 7%, even as it showed a 16% increase in revenue to $109b (£81b) thanks in part to …
Read More »Thames Water boss says leakage targets ‘not realistic’
Water companies have performance commitments on issues such as leakage. It is illegal to release raw sewage into rivers and seas during “normal” weather conditions, but firms are allowed to do so when it rains heavily, to prevent homes being flooded. Thames is the UK’s largest water company, supplying water …
Read More »Key HS2 contracts renegotiated as government scrambles to slash costs | Money News
Two of the High Speed 2 (HS2) railway’s most significant private sector deals have been renegotiated, the government will announce on Friday, as it tries to demonstrate that Britain’s biggest infrastructure white elephant is finally under control. Sky News has learnt that the Department for Transport (DfT) will say that …
Read More »British Airways flight called mayday on approach to Heathrow
A British Airways flight issued a “mayday” distress call on its approach to Heathrow Airport earlier this month, according to a statement from France’s accident investigation authority. The call was made on an Airbus A320 flying from Dusseldorf airport in Germany on 6 July following two stall warnings on the …
Read More »Former Newcastle backer Staveley eyes Gold stake in West Ham United | Money News
The financier who backed the takeover of Newcastle United Football Club alongside Saudi Arabia’s sovereign wealth fund is in talks to buy a minority stake in West Ham United, the newly relegated Championship club. Sky News understands that Amanda Staveley is plotting to acquire part or all of the 25.1% …
Read More »Hundreds of jobs to go at Jaguar Land Rover
Jaguar Land Rover (JLR) plans to cut hundreds of jobs, less than a year after a cyber attack brought production to a halt for more than a month. In a statement, the firm said: “Impacted colleagues will be supported to find alternative roles wherever possible, alongside the option of voluntary …
Read More »US economic growth slows to 1.5% in second quarter
Growth in the US slowed in the three months to June, according to official figures. The Commerce Department said the US economy grew at an annual rate of 1.5% in the second quarter, down from 2.1% seen in the first three months of the year. It comes as the world’s …
Read More »The Maradona effect: The Bank of England’s banking on markets to prevent rate hikes | Money News
I realise the World Cup is over and, more to the point, no-one particularly wants to hear any more about the Argentinian football team, but indulge me for a moment Because casting your mind back to one of the most dramatic of all World Cup meetings between England and Argentina …
Read More »Indonesian FA president vows to back World Cup sell-off despite growing backlash | Money News
The president of the Indonesian football association has vowed to vote in support of FIFA president Gianni Infantino’s controversial plan to sell a multibillion dollar stake in the World Cup’s commercial rights, even as global opposition to the proposals gathers momentum. Sky News has spoken to Erick Thohir, owner of …
Read More »Poundland owner joins suitors for department store chain Harvey Nichols | Money News
The owner of Poundland has tabled an offer for Harvey Nichols as the owner of the Knightsbridge-based department store chain nears a decision about its future. Sky News has learnt that Gordon Brothers, the investment firm which has owned some of Britain’s best-known retailers, including Laura Ashley, lodged a bid …
Read More »Shell faces backlash as profits rise 70% on back of war | Money News
Shell has revealed a 70% lift in half-year profits to $16.75bn (£12.6bn), prompting a long-standing critic to claim they were “running out of words to describe the obscenity” of the numbers. The oil and gas major said the effects of the US-Iran war helped drive its best quarterly performance in …
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