Companies

August 30, 2024

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UK Film Studio Developers to Appeal £750m Project Rejection

Marlow Film Studios, backed by Hollywood directors like James Cameron, plans to appeal Buckinghamshire county council's rejection of a £750m film studio project. The appeal is seen as a test of the UK Labour government's focus on economic growth. The council previously denied the project, citing insufficient justification for building on greenbelt land and concerns over traffic. The developers argue the site is a former landfill and believe their investment would benefit the local and national economy, creating 4,000 jobs.

August 28, 2024

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FG Partners with Foot Locker for 100 New Stores Across Eight Markets

Fourlis Group has entered into a strategic agreement with Foot Locker to expand its presence in Southeast Europe. The partnership involves acquiring Foot Locker's existing stores in Greece and Romania and developing over 100 new stores across eight countries, including Bulgaria, Cyprus, and Croatia.

August 28, 2024

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Klarna Cuts 1,000 Jobs as AI Reshapes Business Ahead of Potential IPO

Klarna, a leading buy now, pay later (BNPL) fintech company, has laid off over 1,000 employees as it pivots towards artificial intelligence, with more job cuts anticipated before a potential IPO.

August 28, 2024

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Lego Targets 50% Renewable Plastic in Bricks by 2026

Lego aims to make 50% of its bricks from renewable or recycled materials by 2026, absorbing higher production costs to drive industry-wide sustainability. The company, which has already tested over 600 alternative materials, continues to expand its green initiatives while reporting strong sales and profit growth.

August 27, 2024

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Thousands of Workers at UK Retailer Next Win Landmark Equal Pay Case

Over 3,500 employees of UK retailer Next have won a landmark equal pay case, with an Employment Tribunal ruling that the company unjustifiably paid its female sales staff less than male warehouse workers. The decision, entitling workers to over £30 million in back pay, is a major victory for equal pay advocates and could influence similar cases across other major UK retailers.

August 27, 2024

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Ryanair Reduces Operations at Berlin Airport and Cuts Six Routes

August 26, 2024

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Dutch Retail Chain Bristol Files for Bankruptcy, Ending 60-Year Run

Dutch retail chain Bristol has filed for bankruptcy, leading to the closure of its stores and the loss of 370 jobs after 60 years of operation in the Netherlands, following ongoing economic difficulties and failed takeover efforts.

August 26, 2024

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Uber Fined €290mn by Dutch Regulator

Uber has been fined €290 million by the Dutch Data Protection Authority for illegally transferring European drivers' personal data to US servers, violating GDPR, with the company planning to appeal the decision.