Sportswear brand sold at a huge loss to Authentic Brands Management after failing to take on rival NikeAdidas is selling Reebok to the US brand management company Authentic Brands Group for up to €2.1bn (£1.8bn), as the German sportswear firm concentra…
TikTok acts on teen safety with ‘bedtime’ block on app alerts
Social networking firm introduces range of child safety measures including increased privacy controls TikTok will prevent teenagers from receiving notifications past their bedtime, the company said, announcing a range of child safety improvements that …
Pret to restore staff bonus after workers threaten strike action
But coffee shop chain will no longer pay for break times as sales struggle to recover from the pandemicPret a Manger has rowed back on plans to slash staff bonuses in a partial U-turn on proposed pay cuts after workers threatened strike action.However,…
UK firms may buy Welsh computer chip maker if Chinese takeover fails
Technology executive Ron Black says nine companies are willing to join consortium in purchase of Newport Wafer FabThree more British companies have said they are willing to join a group to buy the Welsh semiconductor manufacturer Newport Wafer Fab if t…
Forcing people to return to offices is wrongheaded, says Starmer
Labour leader tells Guardian flexible working is one of few good things to have come out of pandemicCoronavirus – latest updatesSee all our coronavirus coverageMinisters, civil service leaders and employers are “wrongheaded” to be trying to make people…
Facebook could be forced by UK watchdog to sell gif creator Giphy
Site aims to integrate service with Instagram which ‘could see Facebook withdrawing gifs from competing platforms’Facebook could be forced to sell gif creation website Giphy after an investigation by the UK competition regulator found its takeover coul…
Vectura board unanimously accepts Philip Morris’s controversial takeover bid
UK health firm, which makes asthma inhalers, said the tobacco company’s bid was ‘fair and reasonable’The board of the UK asthma inhaler maker Vectura has unanimously recommended that shareholders accept a controversial £1.1bn takeover bid from the toba…
Global demand for oil slashed by ongoing Covid issues, says IEA
Influential agency reverses earlier prediction of possible glut in the market in second half of 2021Coronavirus – latest updatesSee all our coronavirus coverageThe world’s appetite for oil will be lower than expected this year as the ongoing spread of …
Home deliveries: tell us about the most unusual things you have ordered
Whether you are a customer or a delivery rider, we would like to hear about your most bizarre ordersFood and grocery delivery services like Deliveroo, Just Eat, Getir, Weezy and Gorillas have become ever more popular during the pandemic.We would like t…
UK economic recovery speeds up in June after lockdown measures relaxed – business live
GP visits, advertising spending and reopening of hospitality venues all helped economy grow for fifth month running in JuneBREAKING: UK economy returned to growth in Q2Growth faster than expected in JuneONS: Economy is rebounding stronglyGDP up by 1% i…