Luke Barr

2 months ago | telegraph.co.uk | Luke Barr

Asda is drawing up plans to shift jobs abroad as the struggling supermarket puts more roles at risk of redundancy. The retail giant has launched a fresh consultation that could involve 26 jobs being cut across its customer service team and shifted overseas in the latest attempt to drive down costs. Those affected are understood to be in Asda's social media department, which is responsible for fielding questions from disgruntled shoppers on sites such as X.

2 months ago | telegraph.co.uk | Luke Barr

It marks the latest twist in the career of Mr George, who is best known for cashing in on "golden ticket" life insurance contracts sold by Aviva France. Under the terms of these ill-conceived contracts, which he first received from his father aged seven, customers could trade funds based on last week's prices. Not only did this allow contract-holders to back-pedal on significant price swings to avoid losses, but it also meant they could switch to rising assets based on historical prices.

2 months ago | telegraph.co.uk | Ben Marlow |Luke Barr

The company hopes to select a preferred party from a field of six bidders by the end of June, and to be in the hands of a new owner by the end of September. Thames Water says it maintains 20,000 miles of water pipes, uses over 68,000 miles of sewers, and owns 5,235 pumping stations. Its assets are valued at just over £20bn, according to an investor report published in September 2024. However, last year it was revealed that as much as a third of its network was not mapped.

2 months ago | telegraph.co.uk | Luke Barr |Melissa Lawford

This will no doubt be seen as a victory for Mr Trump, who has said tariffs will boost American manufacturing, protect jobs and improve the economy. It comes ahead of the president's "liberation day" on April 2, when Mr Trump plans to reset global trade by unleashing reciprocal tariffs on countries around the world. "We're getting back to some of the wealth that very, very foolish presidents gave away because they had no clue what they were doing," Mr Trump said last week.

2 months ago | telegraph.co.uk | Luke Barr

The owner of Poundland has formally appointed advisory firm Teneo to oversee the sale of the UK discount chain, potentially putting scores of high street stores at risk of closure. The brand's Polish parent group Pepco is seeking to offload it after claiming Rachel Reeves's tax raid has made it "increasingly challenging" to succeed in the UK. Poundland has 825 stores across Britain. Sources claimed swathes of high street shops could be axed as part of the proposed sale.