Car finance: Barclays becomes first big lender to offer payouts for mis-selling of loans

David Potts to take over immediately, as executive chair Allan Leighton steps back to non-executive strategic role Business live – latest updates Asda has appointed the 69-year-old former boss of Morrisons, David Potts, as chief executive with immediate effect as it continues to struggle to lift sales. The UK’s third largest supermarket said that 73-year-old executive chair Allan Leighton, who has been running the business since 2024, would now step back to a non-executive role focusing on “the

Up to 25% of 16,000 workforce could go as telecoms group says it will increase use of AI in areas including customer service Business live – latest updates Virgin Media O2 is to cut thousands of jobs in an £800m cost-cutting drive as the telecommunications company aims to tackle its £22bn debt pile. VMO2, which is jointly owned by Liberty Global and Telefónica, said £300m of the savings target will come from job cuts that will reduce the company’s employee wage bill by 30% over the next two year

Result for the company, which earned $30.71bn and exceeded analysts’ expectations, bucked downward trend for tech firms Apple Inc posted stronger-than-expected revenue in the fiscal third quarter, giving John Ternus, the new CEO, an upbeat start to his tenure, which began in September. The solid results bucked a downward trend for tech giants this quarter, as companies including Alphabet, Amazon and Intel had disappointing quarterly results. “Apple’s strong earnings come in the wake of a recent

Supermarket chains in at least seven European countries have said the temperatures of refrigerators and freezers in some of their shops soared overnight to as high as 50C (122F), echoing a cyber-attack last month that caused millions of euros of damage in France. Retailers in Belgium, Estonia, Ireland, Finland, Luxembourg, the Netherlands and Sweden reported problems with their refrigeration systems on Monday, and several companies confirmed they had been hacked Shop fridges and freezers across