November 13, 20240 Comments

Homebase collapses with 2,000 jobs at risk

Homebase has collapsed into administration, putting 2,000 jobs at risk. Its owner Hilco had been looking to sell the struggling retailer, but has not managed to find an outright buyer. The owner of homeware chain The Range is buying up to 75 stores and the brand, safeguarding about 1,600 jobs. But this leaves 49 stores without a buyer, and thousands of jobs at risk in the stores and head office.

Read More
November 12, 20240 Comments

Post Office jobs and branches at risk in shake-up

More than 100 Post Office branches and hundreds of head office jobs are at risk as part of a radical shake-up of the business, the BBC understands. Under the plan, 115 loss-making branches wholly owned by the Post Office could be closed. The Post Office is looking at options including alternative franchise arrangements where another operator or third party could take on the branches instead. These sites employ around 1,000

Read More
November 9, 20240 Comments

Sovereign debt is biggest risk to global growth in 2025: Saudi minister

RIYADH — National debt is a major threat to markets in the near future, Saudi Arabia’s finance minister said, expressing particular concern over lower income countries as well as what he described as rapidly growing global fragmentation. “I think globally, the serious, serious issue that we need to watch is sovereign debt issues, particularly in low-income countries and emerging economies that do not have the fiscal buffers to lean into

Read More