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Gymshark founder in talks to buy back part of stake sold to private equity firm
Ben Francis, who started business in parents’ garage, sold 21% stake in deal that created £1.25bn sportswear brandBusiness live – latest updatesThe founder of Gymshark is in talks to buy back a portion of the stake he sold to private equity in a deal that created a billion-pound
A council housebuilding boom is central to Burnham’s vision. Can it be done?
With 1.5m families waiting for social housing and Labour’s building targets already falling short, the challenge is hugeFrom the front garden of the red-brick terrace where she has lived for nearly three decades, Coral McKeown, 50, points to the gleaming new council house she was
Americans disgusted at Trump earning $1bn from crypto as president: ‘Obviously a grift’
Hundreds of Guardian readers expressed concerns over greed in the White House and a billionaire president unconcerned with high gas and grocery pricesDonald Trump has earned more than $1bn from his crypto businesses since returning to the White House, according to recent financia
In a pickle: US pickle company pulls out of DC fair over Confederate flag
Mt Olive Pickle Company says it was unaware image of flag was included in exhibit, and cites value of ‘human dignity’A leading vendor of the US delicacy that is the pickle has withdrawn from the Great American State Fair in Washington DC after North Carolina’s booth displayed a v
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Elon Musk posted twice as often on UK race and immigration as about SpaceX in IPO run-up
Guardian analysis of X feed shows how keen world’s richest person was to air his views and ‘interfere’ in British politics Elon Musk posted about race and immigration in the UK on his social media network X twice as often as he did about SpaceX, which he also owns, in the run-up
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Mayfair casino facing legal action after former waiter says he did not get fair share of t
Former worker at Metropolitan on Park Lane in London says he had to share tips with managers and other staffA Mayfair casino is facing legal action from a former waiter who says he was not given a fair share of tips.The former worker at the Metropolitan Mayfair – part of the Metr
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Delivery firm Evri sues BBC for £1.2m over Panorama documentary
Company seeks redress for contracts it says it has lost as a result of programme’s claims about its business practicesThe parcel delivery company Evri is suing the BBC for £1.2m over a documentary it claims caused it serious financial loss.Evri has filed particulars of claim at t
Making public transport fully accessible ‘could boost UK economy by £176bn’
Report says current network of buses, trains and stations effectively locks 2.8m people out of workforceBusiness live – latest updatesInvesting in the UK transport network to make it fully accessible to disabled passengers could boost the economy by £176bn by helping millions mor
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Big brewers ‘misleading drinkers’ over craft beer credentials, says Camra
Campaign group calls on watchdog to investigate sector amid claims of anti-competitive practices elbowing out independentsBusiness live – latest updatesBig brewers are misleading drinkers about their products’ “craft” credentials and geographical origin, the ale enthusiasts’ club
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Ocado co-founder to step down as chief executive in 2028
Online grocer says Tim Steiner will remain as CEO until December 2027 before taking on ‘founder role’ for a further yearBusiness live – latest updatesOcado’s co-founder and chief executive, Tim Steiner, will stand down in 2028 after weeks of speculation over the online grocer’s l
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Boost City regulator’s powers to help protect UK consumers from AI, says watchdog
FCA’s review into how tech will reshape financial services warns about amplified risks of cyber-crime and fraudBusiness live – latest updatesMinisters have been urged to toughen the City regulator’s powers to protect consumers against the potential risks of AI, according to a lan
Microsoft cuts 4,800 jobs as it revamps Xbox in latest wave of mass layoffs
Microsoft cuts 4,800 jobs as it revamps Xbox in latest wave of mass layoffs
Thousands of gaming jobs will be shed over the coming fiscal year as Microsoft continues to invest heavily in AIMicrosoft said on Monday it was eliminating about 4,800 jobs – roughly 2% of its global workforce – in a cost-cutting move that will deliver a sweeping restructuring of