Execution of the Fleet Solid Support Programme (“FSS” or “Programme”) Subcontract
Boohoo revenues tumble as UK and US businesses suffer
Boohoo, an online fashion company has confirmed that sales dropped significantly in the fourth quarter of 2022 due to US and UK business losses.
Cazoo founder resigns after 97pc’s collapse in value
Cazoo, an online dealer of used cars, has announced that Alex Chesterman, its founder, will be stepping down as chief executive following a collapse in share prices of 97pc.
Tesla cars 40pc cheaper in China than USA
Tesla shares are in a slump as the automaker continues to reduce prices in China’s increasingly competitive electric car market.
Volkswagen orders factory workers in China to work longer hours following Covid illness
Volkswagen told workers in China that they need to work overtime to recover production losses from a wave of Covid illness.
Research finds that Brexit has added almost £6bn to UK’s food bills over the past two years
Research has shown that Brexit increased the UK’s food bill by almost £6bn in the two years up to 2021. This impacted the poorest households the most.
EasyJet is positive about 2023, as it reports a substantial fall in losses
EasyJet PLC reported that bookings for next year are positive, reporting a substantial reduction in annual losses to £178mln, compared with £1,136mln.
Jaguar Land Rover reducing its production at UK factories
Jaguar Land Rover will reduce production at its UK plants until spring as a result of its ongoing struggle to source semiconductors in the face of global shortages.
Waitrose shuns purchase limits on eggs & support British Farmers
Waitrose pledges a £2.6 million investment in its egg suppliers, as it is one of few supermarkets that does not impose purchase limits.
Breaking: Joules and The Garden Trading Company on brink of collapse
It has been revealed that Joules, the parent company of The Garden Trading Company and Joules Fashion Retailer are at risk of bankruptcy after failing to secure new investments.
Made.com Group Plc (AIM:MADE) Appointment of administrators by Made.com Design Ltd (“MDL”)
On 31 October, the Board of MDL, MADE’s operating subsidiary, notified MADE that it had resolved to file notice of its intention to appoint administrators.