Burberry is set to cut up to 1,700 jobs — nearly 18% of its global workforce — as part of a sweeping cost-saving plan aimed at stabilising the business after a sharp downturn in the global luxury market pushed it into a pre-tax loss of £66 million. The iconic British fashion house announced the measures […]
Jaguar Land Rover (JLR) has posted its highest annual profit in a decade, marking a strong year for the British carmaker despite lingering uncertainty over US trade tariffs. The Tata Motors-owned firm reported pre-tax profits of £875 million for the final quarter of its financial year, taking annual profits to £2.5 billion — up from […]
Fuel Ventures has led a £340,000 investment round into Community Wolf, a fast-growing South African startup using WhatsApp to revolutionise public safety through community-driven crime reporting and intelligence gathering. The funding, which closed this month, marks a pivotal step in Community Wolf’s mission to use simple, accessible technology to make communities around the world safer […]
Chancellor Rachel Reeves has refused to rule out compelling UK pension funds to invest in domestic assets, escalating tensions with the pensions industry just hours after the announcement of the new £50 billion Mansion House accord. The government had celebrated a voluntary commitment by 17 of the UK’s leading defined contribution pension providers to invest […]
Microsoft is laying off approximately 6,000 employees worldwide — nearly 3% of its global workforce — in its largest round of job cuts since early 2023. The move comes as the $3.3 trillion tech giant seeks to manage the growing financial pressure from its aggressive investment in artificial intelligence infrastructure, despite delivering strong quarterly results […]