World of Business

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Kellogg's removes rice from Rice Krispies and Coco Pops in UK due to weather disruption

Kellogg's has reformulated Rice Krispies and Coco Pops in the UK, replacing whole rice with corn and rice flour due to weather-driven supply disruptions in Asia. The change introduces a wheat gluten allergen warning.

3 min read

Poundland Supplier Warns of Millions in Losses if Retailer Collapses

A major Poundland supplier warns it will lose millions if the retailer collapses, while smaller competitors face insolvency. The crisis threatens 12,000 staff and potentially 30,000 jobs across the supply chain as government ministers seek clarity on rescue plans.

5 min read

Asda names David Potts as chief executive to revive struggling supermarket

Asda appoints David Potts, former Morrisons chief executive, to lead the struggling supermarket chain as it battles declining sales and competition from Aldi. Executive chair Allan Leighton steps back to a non-executive strategic role.

4 min read

UK and EU agree draft deal to eliminate post-Brexit food export checks ahead of November summit

The UK and EU have agreed a draft deal to eliminate post-Brexit food export checks, with implementation expected in mid-2027. The agreement covers £200 export health certificates, fresh produce, shellfish and pet passports, with a summit scheduled for 20 November 2026.

8 min read

Saudi Aramco profits surge despite attacks as Australian rates hit 18-year high

Saudi Aramco reports $3.25bn quarterly profit despite attacks on facilities, while Australia's central bank raises rates to 4.85%, the highest in 18 years, signalling a potential pause in its tightening cycle.

6 min read

Danske Bank to consolidate Belfast operations with 250-person move from Dunmurry

Danske Bank plans to move 250 call centre staff from its Dunmurry office to Belfast city centre headquarters, with a multi-million-pound refurbishment planned before the end of next year.

3 min read

Trump Administration Removes South Africa and Rwanda from US Preferential Trade Programme

The Trump administration has notified Congress of plans to remove South Africa and Rwanda from the African Growth and Opportunity Act, citing trade barriers, security concerns, and human rights issues. The termination takes effect 1 January 2027.

4 min read

RBA Set to Hike Rates as Minns Warns of Economic Risk

The RBA is expected to raise rates by 0.25 percentage points to 4.85%, the highest in 18 years. NSW Premier Chris Minns warns the move risks stopping the economy, while Treasurer Jim Chalmers says Australians are bracing for a difficult decision.

4 min read

UK's largest brickmaker cuts production as sales plunge 22% amid housing crisis

Ibstock, the UK's largest brickmaker, has cut production by a fifth and issued a second profit warning after sales plunged 22% in the third quarter. The company criticised the government for delaying the Your First Home support scheme until April 2027.

5 min read

Ryanair considers temporary wage freeze as fuel costs surge amid Middle East tensions

Ryanair is considering a temporary wage freeze for staff as fuel costs surge by €2bn due to Middle East tensions, with prices expected to remain elevated through 2027.

2 min read

Navigate the New Buy Now Pay Later Affordability Checks

New affordability checks on Buy Now Pay Later purchases since July 2026 may block some borrowers. Learn how to avoid being declined and what to do if you struggle with repayments.

4 min read

Queen's University Belfast warns staff of 'difficult decisions' as finances tighten

Queen's University Belfast has warned staff of difficult decisions ahead due to financial pressures, with a £12.5m deficit in the last year. Pay deals, childcare and gym fees are under review as international student income falls.

5 min read