World of Business

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Next CEO Simon Wolfson Earns Record £7m, Salary and Bonuses Set to Rise

Next CEO Simon Wolfson earned a record £7.4m last year, with salary and bonuses set to rise amid strong company performance and increased profit guidance.

3 min read

PepsiCo Boosts Sales with Lower Prices on Doritos and Lays Snacks

PepsiCo's price cuts on Doritos and Lays boosted Q1 sales by 8.5% to $19.4bn, with a 25% rise in operating profit. The strategy targets affordability and portion control amid changing consumer habits.

2 min read

Retailers Criticize SNP's Proposed Food Price Cap as a 'Gimmick'

SNP leader John Swinney proposes capping prices on essential foods using devolved powers, sparking criticism from retailers and concerns for smaller shops. The SNP frames it as a public health measure amid rising living costs and food poverty.

4 min read

DHL Workers at Jaguar Land Rover Vote for Indefinite Strike Over Pay Dispute

Up to 300 DHL workers at Jaguar Land Rover's Solihull plant have voted to start an indefinite strike on 7 May over pay disputes, with DHL drivers also voting to strike. Unite calls on DHL to present a fair pay offer.

2 min read

Europe Faces Jet Fuel Shortage Risk as Strait of Hormuz Closure Hits Supplies

The IEA warns Europe has about six weeks of jet fuel left due to the Strait of Hormuz closure, risking shortages and flight cancellations if imports from the Middle East are not sufficiently replaced.

3 min read

Rising Fuel Costs Threaten Viability of Fishing in South-West England

Fishermen in south-west England warn that rising diesel prices, nearly doubling since January, threaten the viability of going to sea as fuel costs outpace fish prices, squeezing profit margins and causing financial strain across the industry.

3 min read

EasyJet Forecasts Profit Hit as Iran Conflict Raises Fuel Costs and Delays Bookings

EasyJet warns that the Iran conflict has increased fuel costs by £25m and delayed bookings, leading to an expected pre-tax loss of up to £560m for six months to March.

3 min read

UK Economy Surged 0.5% in February Before Iran Conflict Impact

UK GDP grew 0.5% in February, surpassing expectations before the Iran conflict impacted global markets. Services, production, and construction sectors all expanded, while the IMF lowered UK growth forecasts for 2026 amid rising energy costs.

4 min read

UK Economy Surges 0.5% in February Before Middle East Conflict Impact

The UK economy grew 0.5% in February before Middle East conflict raised energy prices and inflation, leading to downgraded growth forecasts and potential interest rate hikes.

1 min read

Teen Entrepreneur Turns Dog Waste Cleanup into a Thriving Business

Leatham Bilsland, a 13-year-old from Crieff, has launched Doggy Doo Doo, a dog waste removal business, while pursuing his passion for acting and singing.

4 min read

China's Economy Surpasses Expectations Amid Iran Conflict Impact

China's economy grew 5% in Q1, surpassing expectations despite the Iran conflict's impact on energy and trade. Manufacturing led growth amid property investment decline, while exports slowed and imports surged due to inflation and global tensions.

3 min read

Trump Warns He May Fire Fed Chair Powell if He Doesn't Step Down in May

President Trump threatens to fire Federal Reserve Chair Jerome Powell if he does not step down by May, amid disputes over interest rate policies and a criminal investigation tied to Fed renovations.

3 min read