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Carpetright has confirmed plans to close 92 stores, with the potential loss of 300 jobs, in a restructuring process designed to stave off administration. Shares in the UK’s biggest carpet retailer fell sharply 16% to 35p as the company said it wanted to move out of almost a quarter of its...
Amazon’s reported $1bn acquisition of video-doorbell maker Ring has closed, giving the company a significant lead over rival Google in the potentially lucrative home security market. The deal, announced in February and closed today, means Amazon now owns a leader in DIY video security systems. Ring makes popular wireless doorbells with cameras...
A former head of MI6 has hit out at Donald Trump for using Twitter to conduct critical diplomatic communications with Russia ahead of a potential conflict in Syria. Sir John Sawers suggested Mr Trump’s use of social media would not provide the clarity of message to Moscow needed, as the world’s superpowers squared up following...
Labour Leader Jeremy Corbyn has urged the Prime Minister and Donald Trump to pull back from military action in Syria arguing that “more war will not save life”. He warned that deploying forces in the war-torn Middle Eastern state would lead to further conflict elsewhere in the region, and called for a...
It has been a month since the late-night knock at Mônica Benício’s door: a friend arriving to announce the love of her life was not coming home. “I ran at her shouting: ‘Where’s Marielle? Where’s Marielle?’” the 32-year-old architect recalled. “I screamed and I shouted. I smashed part of the house...
Three Ecuadorian journalists who were abducted by dissident Colombian rebels have probably been murdered, according to Ecuador’s president, who warned he would launch military strikes if the hostages were not shown to be alive. “We can’t allow the criminals to impose their rules,” Lenín Moreno said in a statement late on...
Donald Trump called James Comey “a weak and untruthful slime ball” on Friday morning after the first reports were released from the former FBI director’s new book, in which he likens the president to a mob boss. “James Comey is a proven LEAKER & LIAR,” Trump tweeted. “Virtually everyone in Washington...
Labour and the RMT union have warned the US private equity firm Apollo Global Management off pursuing its interest in the transport firm FirstGroup, after the British company rejected a takeover approach. FirstGroup, which operates UK rail franchises including Great Western and TransPennine Express, nearly 20% of local bus routes outside...
MPs are to press ministers on why they have left investors hanging in limbo over taxpayer support for a pioneering £1.3bn tidal lagoon in Swansea. The business, energy and industrial strategy (BEIS) committee and Welsh affairs committee will call on government to explain why no decision has been forthcoming on...
The French shopping centre company Klépierre said it does not intend to make a formal offer for Hammerson, paving the way for the Bullring owner to seal a tie-up with Intu. Klépierre said on Friday that its chairman, Jean-Marc Jestin, met his Hammerson counterpart, David Tyler, at the beginning of the week...