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Whitbread to call time on restaurants in UK and Ireland blaming higher costs and taxes for latest strategic resetPremier Inn owner Whitbread is to cut about 3,800 jobs in the UK and Ireland and shut its remaining Beefeater and Brewers Fayre restaurants as it resets its five-year business strategy, amid tax rises and pressure from a US activist investor.The cuts will affect about 12% of Whitbread’s 30,000-strong workforce in the UK and Ireland working in its Beefeater and Brewers Fayre restaurants, which are usually located next to, or inside, Premier Inn hotels. The company said consultations with affected employees would begin immediately. Continue reading...

Rival parties demand investigation as Tory party chair refers Reform UK leader to commissioner over gift from crypto tycoonExclusive: Farage given undisclosed £5m by crypto tyoonAnalysis: Farage’s attempt to get ahead of story raises more questionsNigel Farage has been referred to parliament’s standards watchdog after the Guardian revealed he received an undeclared £5m gift from a party donor.The referral was made by the Conservative party citing rules that require MPs to declare any “personal benefit” they have received in the 12 months before taking office, and to do so within a month of being elected. Continue reading...

Reform leader changed his mind about standing as MP after gift from Thai-based crypto tycoon Christopher HarborneNigel Farage was given £5m by the crypto billionaire Christopher Harborne shortly before announcing he would stand in the 2024 British general election, the Guardian can reveal.Farage had already stated he did not intend to stand as a prospective MP but U-turned within weeks of receiving the personal gift from the Thai-based businessman. Continue reading...

Tech giant accused of ‘cynical attempt to bust the union’ in decision to shutter location in Towson, MarylandWorkers at the first Apple store to unionize in the US are pushing back against the company’s decision to shut down the store by June, alleging the company’s decision is rooted in “a cynical attempt to bust the union”.On Monday, the union filed an unfair labor practice charge against Apple, alleging unionized employees at the store in Towson, Maryland, are being denied transfer rights and other rights compared with workers at non-unionized stores. The union is also alleging retaliation for being unionized. Continue reading...

Sources say staff have been asked to pack up final stock and equipment after waves of closuresJewellery chain Claire’s is closing its final UK stores on Tuesday, cutting about 1,000 jobs months after falling into administration.Sources said staff at Claire’s, which collapsed in January, had been asked to pack up the final stock and equipment with the final outlets to formally close on Tuesday after successive waves of closures in recent weeks. Continue reading...

• The Nasdaq Composite fell 0.48% to 16,240.35 on Monday, April 26, driven by weakness in mega-cap technology stocks including Apple (down 1.2%) and Microsoft (down 0.9%), as investors reassess growth expectations ahead of the Federal Reserve's May meeting. • Treasury yields climbed to 4.35% for the 10-year note amid inflation concerns, pressuring valuations of rate-sensitive tech companies and spurring profit-taking after recent market gains. • The decline reflects growing caution among portfolio managers about earnings sustainability in the second quarter, with earnings guidance from major tech firms expected to dominate trading through early May.

Men in tuxedos and women in dresses dove under tables, like a scene from a dozen Hollywood movies, but now it was happening to meShocking. Unnerving. Unpredictable. Violent. For a decade I have been following the twists and turns of Donald Trump’s America with the privilege of journalistic distance. On Saturday night I felt the darkness come viscerally close.Bang! Bang! What was that? Where was it? At 8.36pm panic and pandemonium reigned in the cavernous ballroom at the Washington Hilton hotel. There were men running and cries of “Get down!” and “Stay down!” Continue reading...