(Reuters) -John Lewis Partnership, the owner of John Lewis and Waitrose, is considering cutting up to 11,000 staff jobs in the next five years, the Guardian reported on Saturday. A minimum of 10% of the staff-owned business’s workforce could be affected across the group’s head office, supermarkets and department stores, the report said, citing sources. …
UK’s John Lewis considers 11,000 job cuts, Guardian reports Read More »
(Reuters) -British fashion retailer Superdry is to explore a radical restructuring that could include substantial numbers of store closures and job cuts, Sky News reported on Saturday. Superdry declined to comment on the report when contacted by Reuters. Sky News report reported that Superdry and its advisers at PricewaterhouseCoopers (PwC) are starting work on plans …
Superdry to weigh restructuring including store closures, job cuts -Sky News Read More »
By Nacho Doce and Gus Trompiz MONTASTRUC-DE-SALIES, France (Reuters) -The French government dropped plans to gradually reduce state subsidies on agricultural diesel but that seems not enough for angry farmers surrounding Paris and still threatening to converge on the capital in their tractors. After two weeks of protests that have spread across France, with irate …
France drops plan to decrease farmers’ diesel discount but protests to continue Read More »
MOSCOW (Reuters) – Alexander Dyukov, the head of Russian oil major Gazprom Neft, said on Saturday that there was a slight surplus on the global oil market. He also said that the new oil supply cuts, implemented by the OPEC+ group of leading oil producers from the start of January, will balance the market. Last …
Russia’s Gazprom Neft sees slight surplus on global oil market Read More »
MOSCOW (Reuters) – Russian Deputy Prime Minister Alexander Novak said on Saturday that repair work on Lukoil’s NORSI oil refinery will take at least a month or a month and a half, TASS news agency reported, in another setback for Russia’s oil refining industry. Lukoil said earlier this month that it had halted a unit …
Russia’s Novak says NORSI refinery repairs to take at least a month -TASS Read More »
CAIRO/HOUSTON (Reuters) -Yemen’s Houthi rebels on Friday stepped up attacks on vessels transiting the Red Sea, including a hit that sparked a fire on a fuel tanker operated on behalf of trading firm Trafigura. Trafigura said a missile struck the fuel tanker Marlin Luanda as it transited the Red Sea. The tanker was carrying Russian …
Yemen’s Houthi rebels escalate Red Sea attacks, hit Trafigura fuel tanker Read More »
By Abigail Summerville (Reuters) – The private equity firm that owns Hometown Food Company is exploring a sale of the maker of Pillsbury’s shelf-stable baking products and Birch Benders, according to people familiar with the matter. Brynwood Partners, which has owned Hometown for the last five years, is working with investment bank Houlihan Lokey on …
Hometown Food Company, maker of Pillsbury baking products, up for sale-sources Read More »
(Reuters) – Spotify said on Friday that Apple’s new plan to comply with the European Union’s Digital Markets Act (DMA) is “a complete and total farce.” From early March, developers will be able to offer alternative app stores on iPhones and opt out of using Apple’s in-app payment system, which charges commissions of up to …
Spotify says Apple’s plan to comply with EU regulation ‘farce’ Read More »
(Reuters) -Building products supplier Johnson Controls is considering selling some of its heating, ventilation and air conditioning (HVAC) assets for $5 billion, Bloomberg News reported on Friday. A possible sale could include most of the company’s York International operations acquired in 2005, according to the report which cited people with knowledge of the matter. Shares …
Johnson Controls considers selling some HVAC assets for $5 billion – Bloomberg News Read More »
By Samrhitha A (Reuters) -Intel slumped more than 12% on Friday following a bleak first-quarter revenue outlook, as the chipmaker plays catch-up in the AI race while also dealing with a weak PC market. While AI is driving a boom in the chip sector, Intel seems to be an exception, analysts said. Semiconductor makers that …
Intel tumbles as chipmaker falls further behind in AI race Read More »
