The Independent Companies
Aldi to axe hundreds of UK jobs under global cost-saving plans
The discount supermarket is consulting with its technology team over the proposals
The Wire
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ProCook among popular brands rapped by ASA over ‘misleading’ advertisements
In all four cases, the ads made claims that the delivery of products was either ‘carbon neutral’ or ‘carbon positive’
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Aldi to cut head office roles in shake-up of UK business
It comes on top of about 103 redundancies made within the finance and administration teams earlier this year.
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Taylor Wimpey lowers outlook amid ‘challenging’ autumn
The builder cut its 2026 guidance for completions to around 10,500 and said underlying earnings were now to come in at the bottom end of forecasts.
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ITV to slash costs by £30m ahead of Sky takeover deal probe
The group – which agreed a £1.6 billion deal in July to sell its media and entertainment division to Sky – reported an 8 per cent drop in overall advertising revenues
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Unilever-McCormick deal may harm competition in dry ingredients market, says CMA
Unilever has brands like Knorr, Maille and Colman’s as part of its food division, while McCormick’s owns Schwartz and French’s in the UK.
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Offshore wind farm will support 130 new Scottish jobs, SSE announces
SSE said it brings the number of Scottish roles linked to its 1.4GW Berwick Bank B project to almost 1,000 so far.
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Interest rates should rise to 5% to control inflation, says think tank
The National Institute of Economic and Social Research said decisions around both monetary and fiscal policy were being ‘deferred’.
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Parents back to choosing toys for fun over educational value as market soars
Britons bought 38 million more toys in the year to September, up 17% to 257 million on the previous year, according to industry data analyst Circana.
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Ads for four brands banned over ‘misleading’ carbon neutral delivery claims
Ads for Grind Coffee, SportShoes.com, ProCook and Who Gives a Crap all said their deliveries were either ‘carbon neutral’ or ‘carbon positive’.
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Early promise fades after hot US inflation print
Investors will be hoping the upcoming IPO from Anthropic will give the market a lift.
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MP blasts ‘dead-end’ inquiries as Treasury to probe potential Budget leak
Dame Meg Hillier, chairwoman of the Treasury Committee, responded with scepticism to a letter and the launch of an investigation.
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Vodafone axes 3,000 jobs in UK and Europe amid cost cutting drive
Vodafone revealed plans for a further 2,300 job cuts in Germany to help revive performance in the country
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Another rate hike likely in ‘near term’ to calm inflation, says Bank policymaker
Clare Lombardelli, deputy governor for monetary policy, said there is a risk inflation will rise by more than feared if the Iran war is not resolved.
The Independent Companies
Watches of Switzerland defies cost of living crisis with surging luxury jewellery sales
The retailer said its financial performance over the first half of the year had been better than expected
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Oil prices drop below 90 dollars as Trump says Iran war could end soon
The price of Brent crude oil fell by about 3% on Tuesday morning to lows of about 89.20 dollars a barrel, the lowest price since late August.
The Independent Companies
Vodafone axed thousands of jobs in 2026 in major cost-cutting drive
Vodafone revealed plans for a further 2,300 job cuts in Germany to help revive performance in the country
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Meet four Black-owned businesses building the next generation of British brands
Learn how Black In Business, a Channel 4 initiative in partnership with Lloyds, is helping amplify future icons through expert TV advertising, marketing and mentorship
The Independent Companies
Vodafone axed another 3,000 jobs in first half amid cost-cutting overhaul
The telecoms group raised its annual earnings guidance again to between 13.2 billion and 13.4 billion euros (£10.8 billion to £11 billion).
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Retailers suffer subdued October as shoppers hold back ahead of Black Friday
Total UK retail sales increased by 1.5% year on year, although this was above the three-month average growth of 1.2%, according to the BRC and KPMG.
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Overvaluing AI stocks may cause ‘bubble’ to burst, warns Bank of England boss
Andrew Bailey said the financial stability risks of the technology make it an issue of importance to central banks.
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Whitbread shareholders fend off activist investor’s bid for board seat
James Gemmel is a partner of New York-based Corvex Management, which has a 6.4% shareholding in Whitbread.
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US-Iran peace hope boosts stocks but Nvidia toils
The FTSE 100 index closed up 108.93 points, 1.0%, at 10,782.87.
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Oil prices fall to two-month low as Trump says new Iran strikes ‘unlikely’
The price of Brent crude has tumbled from highs of more than 115 dollars a barrel late last month.
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