Asda boss: Government ‘more and more difficult’ to deal with Retail The boss of supermarket chain Asda has said the government has become “more and more difficult” to deal with, claiming the pressures on business posed by policy have ballooned since he began his career. Allan Leighton, Asda’s chair, said businesses are increasingly facing obstacles to growth which are “not of their own making”. At Tuesday’s [...]
Arsenal owner Stan Kroenke becomes largest private landowner in US Sport Business Arsenal’s billionaire owner Stan Kroenke has flexed his financial muscle to become the largest private landowner in the US, according to a new ranking. Trade publication The Land Report’s annual list of the top 100 US landowners places Kroenke top following his acquisition of almost 1m acres of New Mexico last month. The real estate [...]
Asda: KKR and TDR commit £23m to credit card firm Jaja after warning Business The private equity backers of Jaja Finance have contributed another £23m in equity funding after the Asda credit card firm warned on its ability to continue as a going concern, Morning Wire can reveal. A group of existing shareholders participated in the funding in October, Jaja said, and have also vowed to commit a further [...]
Trump may face tariff refund ‘nightmare’ September 4, 2025 Donald Trump could face the “nightmare scenario” of being forced to refund the money collected by his tariffs, a leading City advisory firm has told Morning Wire, after a federal court deemed most of them illegal. The court found last Friday that the US President overstepped his office’s powers when he unilaterally announced April’s so-called [...]
Trump tells Walmart to ‘eat the tariffs’ instead of raising prices May 17, 2025 US president Donald Trump said on Saturday that Walmart should “eat the tariffs” instead of blaming duties imposed by his administration on imported goods for the retailer’s increased prices. His comments were in response to the world’s largest retailer saying this week it would have to start raising prices later this month due to high tariffs. “Walmart [...]
Elon Musk wants to ban WFH for millions in the US government January 17, 2025 Elon Musk may terminate remote work for millions of federal employees, as he steps into his new role as head of the Department of Government Efficiency (D.O.G.E). The tech titan and outspoken Trump supporter outlined plans to announce a mandatory return to office policy to reduce the size of the US government workforce and cut [...]