Aston Martin has confirmed it will cut 20% of its workforce after annual losses widened sharply, as the luxury carmaker battles weak global demand and the impact of US trade tariffs. The Gaydon-based manufacturer said net losses jumped 52% last year to £493.2m, while operating losses reached £259.2m. The company employs about 3,000 people globally, meaning around 600 roles are expected to go, with the majority of cuts understood to affect UK operations. Aston Martin...
The future of The Fat Duck and other restaurants founded by Heston Blumenthal is in doubt after HM Revenue & Customs issued a winding-up petition against the chef’s parent company. HMRC has moved against SL6 Ltd, which owns The Fat Duck in Bray, Berkshire, alongside the one-Michelin-starred The Hinds Head and several affiliated ventures. Around 130 staff are understood to be at risk should the petition proceed. The action follows a further deterioration in the...
John Lewis Partnership has abandoned its build-to-rent housing ambitions, retreating from a high-profile property diversification strategy as the group pivots back towards its core retail business. The employee-owned retailer confirmed it would withdraw from the rental housing scheme first championed by its former chair, Sharon White, who had sought to reduce reliance on retail by generating 40 per cent of profits from non-retail ventures by 2030. That target was later scrapped. The build-to-rent initiative, launched...
Tech company leaders will head to the White House in March to meet with President Donald Trump to pledge they will generate their own power for new data centers, saving taxpayers from picking up additional energy costs, Fox News Digital learned. ‘Major Tech companies will join President Trump at the White House next week to formally sign the Rate Payer Protection Pledge that he announced during his historic State of the Union address,’ White House...
President Donald Trump delivered a sweeping State of the Union address Tuesday night, promoting new policy proposals on retirement savings, energy infrastructure and congressional ethics while touting his administration’s record on border security, the economy and global military operations. But despite the wide-ranging speech — which included calls for a congressional stock trading ban, a new 401(k)-style retirement option and ongoing nuclear negotiations with Iran — several areas were notably absent or only briefly addressed....
There’s a new House GOP effort to censure Rep. Al Green, D-Texas, circulating after he was removed from President Donald Trump’s primetime address for the second year in a row. Green was ejected from Trump’s State of the Union on Tuesday night minutes after it began. The Texas progressive held up a sign that read ‘Black people are not apes’ in all capital letters as Trump entered the House chamber, and remained standing and holding...
Democrats were not happy with President Donald Trump’s State of the Union remarks on implementing voter ID requirements and the SAVE America Act. A dial test administered by Lee Carter, the president of Maslansky & Partners, showed Democrats taking a serious dive when the president spoke about the issue. During his speech, Trump asked lawmakers to pass the SAVE America Act in order ‘to stop illegal aliens and others who are unpermitted persons from voting...
President Donald Trump warned in his State of the Union address that Iran has ‘sinister ambitions’ with its nuclear program and that the U.S. has not yet heard from Tehran that it will ‘never have a nuclear weapon.’ The remarks come as the U.S. and Iran are gearing up for another round of negotiations on Thursday. ‘After Midnight Hammer, they were warned to make no future attempts to rebuild their weapons program and, in...
Iran lashed out after President Donald Trump put the regime on notice in his State of the Union address, delivering a forceful warning about Tehran’s ambitions while world leaders largely stayed silent in the immediate aftermath of the speech. Speaking amid the largest deployment of U.S. aircraft and warships to the Middle East since the 2003 Iraq War buildup, Trump said he wanted to resolve tensions with Iran through diplomacy while accusing Tehran of expanding...
The one-year anniversary of FBI Director Kash Patel’s term has arrived. As a badge of honor, Patel is under constant attack by partisan Democrats and other conspiracy theorists – including even some whackjobs on the right. Contrary to these smears, Patel has boldly and decisively led back the FBI to where it should be: the premier law enforcement agency in the world. Patel, after many long days of work to ensure our American athletes and...
