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Intel shares slide 12 per cent as supply constraints limit growth
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Intel shares dropped as much as 12 per cent on Thursday after the US chipmaker gave a downbeat revenue outlook linked to issues in the launch of its new manufacturing technology that is critical to…
Tesco and M&S report strong Christmas food sales
Posted onRetail giants Tesco and Marks & Spencer both saw a bump in food sales over the vital Christmas period despite both mentioning a challenging economic backdrop. Tesco said sales in the UK were up 3.2% from last year and it had now notched up its highest market share in more than a decade. M&S said…
Serial rail fare evader faces jail over 112 unpaid tickets
Posted onOne of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences. Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket on Govia Thameslink train journeys a total of 112 times, Westminster Magistrates’ Court heard. He could be ordered to pay more than £18,000 in unpaid fares and…
Nature is not a blocker to housing growth, MPs find
Posted onPritti Mistry,Business reporter and Marc Ashdown,Business correspondent Getty Images Nature is not a blocker to housing growth and the government risks missing both its housing and nature targets if it views it as one, a cross-party group of MPs has warned in a new report. The Planning and Infrastructure Bill overrides existing habitat protections, which…
