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‘Failings at every level’ led to botched insulation scheme
Posted onA botched net zero scheme which has caused damp issues in thousands of homes was the result of ”serious failings at every level”, a UK government official has said. Last month, the National Audit Office found that 98% of the 23,000 homes that had external wall insulation installed under two separate schemes will result in…
JLR factory production lines resuming hailed as ‘significant moment’
Posted onRange Rover production lines in Solihull have resumed, according to car maker Jaguar Land Rover (JLR). About 1,000 employees also started work in the car maker’s Wolverhampton engine plant on Wednesday, it said, marking a “significant moment” on its journey back to full vehicle production. The company revealed on Monday it had suffered a sharp…
Iran war muddles expectations of likely Federal Reserve interest rate cuts
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors have trimmed bets on the number of interest rate cuts this year as surging petrol prices and a softening jobs market complicate the Federal Reserve’s ability to boost the US economy while containing inflation….
Lululemon boss to step down early next year
Posted onThe boss of Lululemon Athletica, the brand known for its expensive yoga leggings and other sports clothing, is to leave the company early next year. Calvin McDonald, the firm’s chief executive, will depart at the end of January after more than seven years at the helm. The decision comes amid a run of poor sales…
Supreme Court sceptical of Trump firing of Lisa Cook
Posted onNatalie ShermanBusiness reporter Getty Images US President Donald Trump appeared on course for a setback at America’s top court on Wednesday over his unprecedented move to fire a central bank governor. Supreme Court justices from the left and right asked why they should speed through such an impactful decision, citing concerns about process and implications…
