UK meat processing firms’ fridges heat up after cyber-attacks in Europe

Budget retailer and 12,000 jobs at risk after US owner fails to accept buyout offers MPs have called on the government to protect Poundland and other high street stores from “predatory capitalism” and asset-stripping. The fate of the retail chain and its 12,000 staff remains uncertain after it filed a notice of intention to appoint administrators at the high court last Thursday. The US restructuring specialist Gordon Brothers, which controls Poundland, has lined up the advisory company AlixPartn

Bank to make ‘early settlement’ offers before outcome of legal battle, with those who accept likely to get money before Christmas Business live – latest updates Barclays will this month start offering compensation to tens of thousands of people who claim they were mis-sold car loans, with some of those who accept likely to see the money land in their account before Christmas. Amid an ongoing legal battle over an industry-wide compensation scheme for victims of the UK’s car finance scandal, Barcl

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