Nike’s new CEO finds himself in trouble as recovery efforts fail

One of the most coveted sneakers ever made is a pair of black-and-yellow basketball shoes called the Wu Tang Dunks, released by Nike in 1999. Legend has it that only 36 pairs were ever produced and given to friends and family of the Staten Island hip-hop group. But when the world’s largest sportswear company announced … Read more

Labor organizations must remain ‘laser-focused’ on achieving growth, say business groups

The new Labour government must remain “laser-focused” on seizing the positive signals in the UK economy and delivering growth, influential business groups have said. At Keir Starmer’s first press conference as prime minister on Saturday, he pledged to chair new “mission delivery boards” to “deliver change” and deliver on Labour’s election promises, including boosting economic … Read more

Carlsberg to buy Britvic

Carlsberg has agreed a £3.3bn deal to acquire soft drinks company Britvic, following weeks of speculation. It will also buy Marston’s stake in the brewing joint venture. (Image: Jacob Aarup-Andersen, CEO of Carlsberg) The move for Britvic, announced by the Danish brewer this morning, involves a recommended offer of 1,315p per share, which would value … Read more

Rachel Reeves scraps ‘absurd’ ban on wind farms on Conservative land

Really supportindependent journalism Find out moreClose to Our mission is to provide objective, fact-based reporting that speaks to power and reveals the truth. Whether it’s $5 or $50, every contribution counts. Support us in delivering journalism without an agenda. Rachel Reeves has dropped the Conservatives’ “absurd” ban on onshore wind farms in a bid to … Read more

French stocks volatile after far-left surprise election victory

Stock prices in France are fluctuating amid uncertainty over the country’s political future, although bonds remain relatively stable. ADVERTISEMENT French markets were volatile on Monday morning after France’s far-left coalition party secured a surprise victory in parliamentary elections on Sunday evening. After a modest decline in early trading, shares in the CAC 40 rebounded strongly, … Read more

Thousands of holidaymakers ‘stranded’ by delays at Heathrow and Gatwick airports

July 8, 2024, 1:16 PM A busy arrivals hall in Terminal 2 as the airport comes under pressure from cancelled flights and staff shortages. (file photo). Photo: Alamy Thousands of holidaymakers were left stranded after London’s Heathrow and Gatwick airports were hit by dozens of cancelled flights today. According to reports, both EasyJet at London … Read more

Messy French politics points to broader investor malaise

Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favourite stories in this weekly newsletter. In May, credit rating agency S&P Global downgraded the creditworthiness of French government bonds, essentially telling the country’s politicians: just do it. “Political fragmentation contributes to uncertainty about the government’s ability to continue implementing policies that … Read more

Police incident near city centre as officers cordon off area – updates

Police have closed off a section of road in Birmingham due to an incident taking place this afternoon. Uniformed officers are at the scene in Shadwell Street. Footage taken at around 12.30pm today, 8th July, shows uniformed officers and a marked police car manning the area. A blue and white police cordon has been placed … Read more

Scotland’s best and worst holiday parks named, with one beating Center Parcs

Consumer organisation Which? has named the best and worst holiday parks in Scotland. Scots across the country are keen to enjoy a few days of fun in the sun with their families. However, it can be difficult to know which holiday parks and resorts are worth a visit. A new report from Which? has ranked … Read more