Stella McCartney losses hit £33.6m amid sales slump
Stella McCartney's fashion label sees losses widen to £33.6m as sales fall by 27%, raising concerns over its financial future. Directors cite challenging luxury market conditions.
Category : Search result: economic losses
River Island to close 33 stores by 2026 after £33.2m losses
British fashion chain River Island is closing 33 profitable branches by January 2026, risking hundreds of jobs. The move follows £33.2m losses and a shift to online shopping. See the full list of affected stores.
Rural NZ Exodus: Mill Closures Force Families to Leave
The closure of Winstone Pulp's mills in Ruapehu, New Zealand, has led to over 230 job losses, forcing families to move and raising fears of a 'hollowing out' of rural regions. Read the full story.
Services Sector Job Losses Continue as UK Growth Rebounds
The UK services sector saw further job losses in December, despite a rebound in business activity and rising client confidence. Analysts warn of intense cost pressures and a sluggish economic outlook. Read the full analysis.
UK farmers lose £828m after hottest spring and summer
A new study reveals UK arable farmers face over £800m in losses after the hottest spring and summer on record devastated harvests. Discover the impact on food security and calls for urgent support.
Argos losses exceed £200m as Sainsbury's strategy falters
Argos plunged to a £223.2m pre-tax loss last year, with analysts claiming Sainsbury's 'food-first' strategy left the retailer feeling like an 'unloved child'. Discover the future of the high street staple.
Victoria to cut 4,000 public service jobs in $2.3bn savings plan
The Victorian government announces a major public sector overhaul, aiming to cut 4,000 jobs and save $2.3bn. Find out which departments are affected and the impact on services.
Leon warns of closures after £8 million loss
Leon founder John Vincent reveals potential site closures and job cuts as he battles to restore the struggling fast-food chain to its former health. Read his full recovery plan.
4 Million Children Impacted by Family Economic Abuse
New research exposes how perpetrators steal children's money and control family finances, affecting millions. The government is urged to act. Read the full report.
UK 2026 Growth Forecast Slashed to 1% by KPMG
KPMG forecasts UK GDP growth will slow to 1% in 2026, with unemployment rising to 5.2%. Business surveys reveal deepening pessimism across services and manufacturing sectors.
Starmer: Labour's economic plan will take years
PM Keir Starmer hits back at budget critics, insisting Rachel Reeves was right to impose £26bn tax rises. Labour promises long-term economic renewal plan.
Southall fire destroys warehouse, businesses lose thousands
A major fire at a West London business park destroyed a warehouse, causing over £23,600 in losses for local traders. 150 firefighters battled the blaze.
AI Puts 2.1 Million UK Jobs at Risk, OBR Says
OBR analysis reveals over 2 million jobs in key UK sectors face AI automation. Discover the Treasury's response and the potential impact on the economy.
Gambling tax hike could cause UK job losses
Chancellor Rachel Reeves warned that increasing gambling taxes could lead to significant job losses and harm horse racing. The industry contributes £4bn annually in tax. Read the full analysis.
AI Threatens 3 Million UK Jobs by 2035
New research reveals AI could displace 3m low-skilled UK workers by 2035, while boosting demand for professionals. Discover which roles are most at risk.
Unimetals Recycling collapses, 650 jobs at risk
One of the UK's largest metal recycling firms, Unimetals Recycling, has collapsed into liquidation, putting approximately 650 jobs in immediate danger. Discover the full story behind the failure.
Unimetals liquidation puts 650 UK jobs at risk
Unimetals Group, a major UK metals recycler, is on the brink of collapse, threatening 650 jobs just weeks before Christmas. Read the full story on the crisis.
UK Consumer Confidence Hits Bleak -19 Before Budget
UK consumer confidence has cratered to -19, with Brits bracing for tax rises. Discover the bleak GfK survey findings and what it means for the economy ahead of the Budget.
London office shortage threatens 2.2m jobs
London faces a major economic risk as office space shortage threatens 2.2m jobs. Chancellor Rachel Reeves urged to act now to protect UK competitiveness against global rivals.
Play the Budget Game: Be Chancellor for a Day
Step into Rachel Reeves' shoes and try to balance Britain's budget in our interactive game. Can you keep MPs happy and bond markets calm while tackling a £22bn shortfall?
Wealth Tax Limitations in Tackling UK Inequality
Examining why a 1% wealth tax on the super-rich falls short of addressing Britain's deep-rooted inequality problems. Discover what structural changes are truly needed for economic fairness.
London's £600m Fraud Fightback as Crime Soars
London launches £600m justice hub to tackle fraud affecting 4.1 million people. New police HQ and courts aim to restore trust and secure the Square Mile. Discover how the City is fighting back.
Inflation falls to 3.6% amid rising food costs
UK inflation eased to 3.6% in October, but food prices climbed to 4.9%. The Bank of England faces pressure on interest rate decisions. Read the latest economic analysis.
Reeves Urged to Boost Economy with Narrative
Economist Paul Ormerod argues Chancellor Rachel Reeves must learn from Keynes and create a positive economic narrative to boost Britain's animal spirits and confidence.
ExxonMobil shuts Fife plant with loss of 450 jobs
ExxonMobil confirms closure of its Fife Ethylene Plant near Cowdenbeath, blaming UK government policy and high costs. Up to 450 jobs at risk. Discover the full impact.
Trump's economic strategy backfires with voters
Analysis reveals how Trump's focus on racial grievances over economic delivery cost him crucial support. Discover why economic anxieties trump culture wars.
Football Maker's Losses Quadruple After Game Axed
Sports Interactive's pre-tax losses surged to £8.5m after cancelling Football Manager 25. Discover how this strategic move aims to secure the franchise's future.
Revolut boss changes name for Companies House ID rules
Revolut co-founder Nik Storonsky updates his name spelling on Companies House as new identity verification rules for directors come into force. Discover the impact.
Haldane: Budget Speculation Hurting UK Growth
Former Bank of England chief Andy Haldane warns daily tax rise speculation is causing businesses and consumers to 'hunker down', stifling growth. Read his urgent call for reform.
AI Firms Must Disclose Risks or Face Crisis
Anthropic CEO Dario Amodei warns AI companies must be transparent about risks like job losses and security threats or repeat mistakes of tobacco and opioid industries.
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