UK Shutting up shop: Ted Baker to close 15 locations across the UK Eleven UK Ted Baker stores will be shut by the end of next week, with the loss of around 120 jobs
Companies Vodafone to sell its Italian business in €8 billion dealShareholders to get €4 billion through buyback after sale to Switzerland’s Swisscom
Retail Primark expected to announce sales rise as parent firm gets ready to update investorsShares in Associated British Foods, which owns Primark, have risen by around a quarter over the past year
News BP to pause all tanker traffic in Red Sea over attacks by Houthi militantsOil giant to temporarily halt transits in Red Sea due to ‘deteriorating security situation’
Interest Rates Bank of England keeps rates at 5.25% for third time in a row Governor indicates indicates that interest rate cuts are unlikely in near future as efforts to reduce inflation continue
Tech Spotify will axe around 1,600 jobs in cost-cutting effortThe music streaming business told staff it is letting go 17 per cent of its workforce
Companies Thai investor increases stake in Brown Thomas and Arnotts amid co-owner’s financial crisisCentral Group takes control of Selfridges group as Australian billionaire Rene Belko - who co-owns the retail giant - faces significant cash-crunch
Employment McDonald’s UK and Ireland boss to face MPs as sexual assault allegations intensifyGroup legal action has been launched in relation to assault and harassment allegations, it has been confirmed
Economy UK recession ‘cannot be ruled out’ British firms saw renewed decline in output in October, sparking concerns among Uk economists
Jobs KPMG to cut jobs, freeze pay in UK arm amid Big Four woes in BritainFinancial services giant to reduce roles in its deal advisory business in latest round of redundancies
Tech British data watchdog says Snapchat may have to stop processing dataThe UK information commissioner said the provisional findings of a probe suggest a “worrying failure” on the part of the tech firm
Markets Tobacco firms see £1bn wiped off value in wake of Rishi Sunak’s planned crackdownThe British prime minister plans to introduce a new law banning tobacco sales to anybody born on or after January 1, 2009
Markets Sales set to fall at Asos as investors look for progress on revival plansThe online fashion firm will release its latest trading figures tomorrow
Crime Over €1bn worth of luxury watches reported lost or stolenThe Watch Register, a crime prevention database, said there had been a “concerning surge” in recent years
Retail Thousands of jobs at risk as British budget retailer Wilko goes into administrationThe chain has over 400 branches employing 12,000 staff
Gambling Investors await updates from Flutter and Entain as US continues to fuel growthThe owners of Paddy Power and Ladbrokes will both release new figures next week
Media & Marketing Ad giant WPP says weaker spending by US tech firms will dampen growthThe firm said it expects like-for-like revenue growth of 1.5 to 3 per cent for the year
Fast Fashion Asos secures £75m fundraising to support turnaround planCompany said it has entered into a revolving facility with Bantry Bay Capital