Business

Ocado's shares saw an 18% increase following the company's announcement of reduced losses and raised projections for its technology division, which supplies warehouse automation robots to global retailers. Ocado reported a near 22% year-on-year growth in technology revenue over the six months leading up to June

Britain initiates its approach towards strengthening ties with EU counterparts during recent discussions led by the newly appointed Business Secretary, Jonathan Reynolds. These dialogues took place within Italy's Reggio Calabria, marking his inaugural international engagement following Labour's election triumph. At a G7 gathering of trade representatives

Goldman Sachs has enhanced compensation packages for its employees by 17%, following a significant rise in profits during the second quarter amidst an increase in dealmaking activities. The investment powerhouse allocated $4.2 billion (£3.2 billion) to employee remuneration and benefits, which included salaries, pensions, and individual bonuses for

Burberry's legacy as a prestigious brand stands unchallenged, with its iconic trenchcoat recognized worldwide. As luxury shopping increasingly values esteemed brands, Burberry emerges among those coveted by many. The label has deep roots in history and authenticity, symbolizing Britishness while promoting a commitment to sustainability through long-lasting garments.

Pressure has mounted on Beijing for action aimed at bolstering Chinese consumer confidence amid reports of a decline in retail spending contributing to slower economic growth. Continued decreases in property values are noted as one factor hindering overall activity, with official data indicating the economy grew by 4.7% annually

Following Monday's impactful news, Burberry's stock has experienced a decline. The fashion brand's shares are currently 11% lower in the morning market. This downturn is part of an ongoing trend that began earlier this year, with shares dropping by almost half as of now.