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EXPLAINED: 5 - The Real Truth

Consumer caution dampens Primark results as owner ABF reports profits hit

ABF group revenue was down 2% at $12.7 billion, and adjusted profit before tax was also down 10% from $1.2 billion the previous year to £818 million $1.09 billion.

Fortune

Prada Snatches Up Rival Fashion House Versace In $2.2 Billion Dollar Deal

Luxury fashion brand Prada has bought fellow Italian-founded luxe labvel Versace in a $2.2 billion dollar deal.

Pedestrian.tv

Peppa Pig caught up in tariff "storm" as merchandise company warns of hit to sales

Character Group said it was withdrawing its market guidance for the financial year ending 31 August.

Evening Standard

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Prada agrees to buy rival Versace in a deal valued at over $1bn

The final value of the deal will be adjusted at closing, expected in the second half of the year

The Independent UK

Trump wants to ramp up US mineral production. Could the iconic Grand Canyon be a target?

The Trump administration is calling for prioritizing mineral production on federal lands. Tribes and environmental groups fear what that could mean

The Independent UK

Volkswagen’s own-brand currywurst sausage proves almost as popular as its cars

Volkswagen sold 8.55 million currywursts last year, almost equalling the 9 million cars sold across the group.

Fortune

Star reveals mystery lender behind $940m debt rescue

Embattled casino group Star Entertainment has confirmed the lender behind a $940 million refinancing deal, as it mulls multiple pathways for survival

AAP

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Poundland put up for sale after sales slump in 'challenging' conditions for high street

Owner Pepco said Budget tax hikes have put extra pressure on the ailing chain

Evening Standard

Hundreds of jobs lost as Glasgow-based retailer calls in administrators

Hundreds of jobs "will be lost" after a Glasgow-based fashion retailer has called in administrators.

The National (Scotland)

MoneySupermarket firm raises dividend as insurance boosts revenues

Shares in Mony Group lifted higher in early trading on Monday as a result.

The Independent UK

Sony Names New CEO In Management Reshuffle

Japanese electronics and entertainment giant Sony Group said Wednesday that it has promoted Hiroki Totoki to chief executive officer as part of a wider management reorganization.

International Business Times

WH Smith confirm talks to sell high street stores

WH Smith has confirmed that it is in negotiations to sell its entire high street business empire more than 230 years after it first opened its first…

The National (Scotland)

Volkswagen Fears Colossal Emissions Fine is Coming

The VW Group has put its immensely costly Dieselgate scandal behind it, but it's still facing an uphill battle to meet emissions regulations. For 2025, the European Union is lowering CO2 targets by approximately 15% compared to 2021 levels. For each gram above the threshold, automakers must pay €95 ($98).…

Motor1

Cowell takes team principal role in Aston Martin F1 team restructure

Aston Martin has shaken up its team management structure with Andy Cowell appointed team principal, replacing Mike Krack who has been given the title of chief trackside officer after just under three years in his previous position.

Autosport

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Cycling News

'The industry shot itself in the foot' - Brompton boss blames lack of sales as profits crash by 99%

Pre-tax profits fall from over £10 million to just £4,602

TechRadar

MetLife denies hack after ransomware group claims attack

RansomHub leaks reported company documents, but MetLife says it is unaware of any incident.

Dynamite News

BSES provides zero-pollution electric buses to Delhi AIIMS for shuttle service

Under this initiative, the first batch of 11 electric buses was flagged off today by AIIMS Director M. Srinivas and the BSES leadership team. The BSES team was led by BSES Director and Group CEO Amal Sinha, Director on the BSES Board V.S. Read further on Dynamite News:

The Guardian - UK

Scott Trust and Guardian Media Group sign a deal with Tortoise Media to buy the Observer

The Scott Trust and Guardian Media Group (GMG) have signed a deal with Tortoise Media to buy the Observer.

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Evening Standard

Bunzl shares fall as distribution giant warns on profit

The FTSE 100 company delivers things like food packaging, labels and cleaning products to companies, but warned deflation could hit earnings.

Motor1

Audi Makes 'Painful' Decision to Close a Factory

While Volkswagen Group is still considering whether to close factories in Germany, Audi has taken this drastic decision in Belgium. The factory in Brussels will close up shop at the end of February. Consequently, the Q8 E-Tron and Q8 E-Tron Sportback are being wiped out from the lineup. Due to…

TechRadar

Romanian energy supplier struck in ransomware attack in latest cybercrime assault

Electrica Group claims to have addressed the problem already, and says operations were not affected.

The Guardian - UK

The Scott Trust and the Guardian Media Group Boards agree sale in principle of the Observer to Tortoise Media

International Business Times UK

UnitedHealth Group Stock Continues Upward Trend on 2025 Guidance Boost Amid Brian Thompson's Murder

The UnitedHealth Group stock is witnessing upward price pressures as share prices continue to hover close to record levels despite the tragic death of its insurance unit CEO Brian Thompson on Investor Day.

International Business Times UK

UnitedHealthcare CEO Fatally Shot a Month After US DOJ Sues Parent Company's £2.59B Takeover of Amedisys

Brian Thompson was fatally shot in the chest outside the Hilton Hotel in midtown Manhattan, where UnitedHealth Group was about to begin its investor day. He was rushed to the Mount Sinai West Hospital but later succumbed to his injuries.

Fortune

Adani Group shares plunge by double digits after U.S. accuses Indian billionaire Gautam Adani of bribery

Shares in Adani Enterprises, the group’s flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani’s net worth.

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