Business
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Latest in Business
Kemi Badenoch claims seven‑quarter slump in business confidence, fact‑check shows mixed record
Fact‑checkers say the Institute of Directors survey does not fully support Badenoch’s seven‑quarter statement.
AstraZeneca unveils three‑year plan to cut £1.1bn annually
The London‑listed group says the overhaul will cost up to $2 bn in restructuring charges but will not shrink headcount.
China launches 16th Photography Festival as BetMGM marks 100 days in Alberta and Direct Energy sets November gas rates
Financial Post releases three separate announcements covering culture, gambling expansion and energy pricing on Oct. 30, 2026.
UK regulator probes Meta’s commercial terms for publishers and advertisers
The Competition and Markets Authority launched an inquiry into Meta’s revised commercial terms after concerns from UK news publishers and businesses.
Dis-Chem reports 8% revenue growth as Better Rewards fuels sales while tech spending doubles
Revenue rose 8% to R23 billion, but earnings per share fell 12.8% as the retailer doubled investment in its X, bigly labs innovation unit.
Pick n Pay launches R99 Smart Shopper Pro subscription, matching Checkers' paid tier
The new paid tier offers unlimited free grocery and clothing deliveries, higher points and a capped in‑store discount, with a launch price of R99 per month.
Byron Allen sells his 10.7% stake in Starz for about $45 million
Allen’s sale, completed in August‑September 2026, nets a $20 million profit after buying the shares for $25 million in March.
AI-driven layoffs spur rehiring as firms confront the “AI boomerang”
Recruiters say many AI‑related cuts are being reversed as companies discover the need for human oversight.
Poundland seeks administrators, putting up to 12,000 jobs at risk
The high‑street discounter filed court papers on Thursday, giving it ten days to find a rescue deal while advisers negotiate with potential buyers.
OBR forecasts UK inflation to hit 3.75% as growth slows to 1% in 2027
The OBR projects inflation to rise to about 3.75% by early 2027 and GDP growth to slow to 1% the following year, while national debt is set to rise.
AGNT and Mercer International schedule Q3 2026 earnings releases and conference calls
Both companies will disclose third‑quarter 2026 financials on Nov. 5, 2026, with AGNT hosting a webcast and Mercer holding a conference call the next day.
ByteDance founder Zhang Yiming tops Hurun China rich list as AI drives $100 bn fortune
Zhang Yiming reclaimed the number‑one spot on the Hurun China rich list, with a $100 bn net worth fueled by ByteDance's AI initiatives, while other sectors lag…
Shoe Zone warns of £1 million loss as sales fall 4.5%
The retailer cited weaker consumer confidence, higher inflation and shop closures as the main drivers of the downturn.
Zoopla says 35% of UK homes sit in postcodes with falling prices
Zoopla's index to September 2026 finds price drops concentrated in London and the South East, while some north‑west and Scottish postcodes still see gains.
Skydance offers voluntary buyouts as it integrates Paramount and Warner Bros. Discovery
The memo, signed by David Ellison and Ynon Kreiz, comes weeks after the $111 billion Paramount‑Skydance acquisition closed.
BetMGM and bet365 unveil bonus‑code offers for Mavericks‑Heat and Cowboys‑Eagles games
Both sportsbooks promise up to $1,500 or $200 in bonus bets for new users who place a qualifying wager on the featured games.
Microsoft offers voluntary exit packages to 60,000 staff worldwide
The offer, detailed in a memo from chief people officer Amy Coleman, targets employees at level 70 and below and includes financial and career‑planning support.
FTSE climbs as investors await John Healey’s autumn Budget
The FTSE 100 gained 0.7% and the FTSE 250 rose 1.1% ahead of Wednesday’s Budget, where Chancellor John Healey is expected to announce a £20.4 billion funding p…
SMH Good Food Guide Awards 2026 releases scores for NSW restaurants
Scores for dozens of venues in NSW were posted on 26 Oct 2026, with ratings ranging from 12½ to 17 out of 20.
Airtel Money half-year sales rise 25% as customer base hits 56.7 million
The African payments firm posted $830 million revenue and $360 million pre‑tax profit, driven by a surge in users and transaction values.
A24’s ‘You Can See Everything’ pulls $19.5 M, trailing DC’s ‘Clayface’ $24 M opening
The documentary about Elizabeth Holmes expanded to 2,655 theaters and earned $45.1 M in two weeks, while DC’s horror‑comic film opened in 3,458 venues.
Jetstar launches first commercial service from Western Sydney International Airport
The inaugural Jetstar flight departed at 11:22 am on Oct 25, 2026, with the airline planning up to 24 weekly return services.
Ofgem and National Gas plan aim to avert winter gas shortages in the UK
The regulator’s latest consultation seeks to keep enough gas capacity on the grid even in rare extreme‑weather conditions.
Trump‑Putin diesel deal sees first Russian tanker sail to New York
The Malta‑flagged Agioi Fanendes left the Russian port of Primorsk on Oct. 22, heading to New York with 40,000 tons of diesel, part of a new U.S.–Russia fuel a…
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