Julia Kollewe

London

Reporter at The Guardian

Reporter at The Observer

Financial reporter at the Guardian/Observer and artist

Articles

Trump says he will remove all Syria sanctions and hails $142bn Saudi-US defense sales deal - live

1 day ago | theguardian.com | Jane Clinton |Lucy Campbell |Ed Pilkington |Lauren Aratani |Julia Kollewe

'Good luck Syria': Trump to remove all US sanctions on SyriaTrump says he will remove all sanctions against Syria, saying they had served an important function, but it was now time for the country to move forward. I will be ordering the cessation of sanctions against Syria in order to give them a chance at greatness. It’s their time to shine. We’re taking them all off. Good luck Syria, show us something very special.
M&S says some personal data was taken in cyber-attack

1 day ago | aol.co.uk | Julia Kollewe |Sarah Butler

Marks & Spencer has revealed that some personal information relating to thousands of customers was taken in the cyber-attack that has crippled its online operation for more than three weeks. Since the retailer’s IT systems were hit by a ransomware attack over the Easter weekend, it has not been taking online orders, and the availability of some products in its stores has been affected after it took some of its systems offline in response.
M&S says some personal data was taken in cyber-attack

1 day ago | sg.finance.yahoo.com | Julia Kollewe |Sarah Butler

Marks & Spencer said the data did not include useable payment or card details, or passwords.Photograph: Andy Rain/EPA Marks & Spencer has revealed that some personal information relating to thousands of customers was taken in the cyber-attack that has crippled its online operation for more than three weeks.
M&S says some personal data was taken in cyber-attack | Marks & Spencer | The Guardian

1 day ago | theguardian.com | Julia Kollewe |Sarah Butler

Details taken are names, addresses and Marks & Spencer order histories, the Guardian understands
UK construction activity contracts for fourth straight month as costs rise

1 week ago | theguardian.com | Phillip Inman |Julia Kollewe

UK building companies have suffered a poor start to the year, with activity contracting for a fourth month in a row in April as new work dried up while cost pressures remained high, according to an industry survey. Construction companies continued to struggle after two years of depressed activity that industry executives had expected would end with Labour’s election victory last July.
Wegovy maker Novo Nordisk cuts profit forecast as US prescriptions tail off

1 week ago | theguardian.com | Julia Kollewe

Denmark’s Novo Nordisk has cut its annual revenue and profit forecasts after disappointingly “flabby” sales of its weight loss drug Wegovy, as US prescriptions tailed off amid fierce competition. A boom in sales of Wegovy and the diabetes medication Ozempic helped to turn the pharmaceutical firm into Europe’s most valuable listed company, worth $615bn at its peak.
Looming US-China trade talks lift Asian stock markets; China cuts interest rates - business live

1 week ago | theguardian.com | Julia Kollewe

Key eventsShow key events onlyPlease turn on JavaScript to use this featureIntroduction: Looming US-China trade talks lift Asian stocks; China cuts interest rates – business liveGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy. China has cut interest rates, and news of trade talks between Beijing and Washington lifted Asian stocks.
Hovis and Kingsmill owners in talks about bread merger

1 week ago | theguardian.com | Julia Kollewe

The owners of Hovis and Kingsmill have entered talks which could lead to two of the UK’s biggest bread brands merging amid “challenging” market conditions. Associated British Foods (ABF), which owns Kingsmill parent Allied Bakeries as well as the budget clothing chain Primark, said it was in negotiations with Hovis’s private equity owner Endless regarding a potential deal.
Deliveroo agrees £2.9bn takeover by US rival DoorDash

1 week ago | theguardian.com | Julia Kollewe

Food delivery company Deliveroo has agreed a £2.9bn takeover by US rival DoorDash that will result in a £65m payday for its staff. The London-based delivery company, which was founded in 2013 by Will Shu and Greg Orlowski, received an offer worth 180p a share last month and on Tuesday its board recommended the deal to shareholders. Shu is in line for a £172m payout from his 6.4% shareholding in the business. He said: “We are now at the beginning of a transformative new chapter.
UK consumer confidence at lowest level since December 2022, says Which?

1 week ago | aol.co.uk | Julia Kollewe

Consumer confidence in the UK economy has fallen to the lowest levels since the height of the cost of living crisis, as people worry about the impact of US tariffs and Russia’s war in Ukraine. Almost two-thirds of people believe the economy will get worse in the next 12 months, while only 11% think it will improve, according to a survey from the consumer group Which?.