Source: Sharecast
The Mail on Sunday has revealed that WH Smith depends heavily on the promotional income from suppliers to achieve its sales targets. That could mean that the issues around the company's books run deeper than previously thought. The revelation follows a profit warning during the previous month that sent the company's shares down by over 40%. Deloitte is looking into the error, which WH Smith has attributed to "accelerated recognition of supplier income" at its US unit. - Financial Mail on Sunday
During his stay in Scotland last month, US vice-president JD Vance held a private meeting with the heads of several US nuclear outfits pursuing projects in the UK. Among those present were representatives from Westinghouse, GE Hitachi, X-energy, Holtec International and TerraPower. Vance is now lobbying for support for such companies to build nuclear power stations and data centres aimed at powering AI in the UK. - The Sunday Telegraph
Output from Jaguar Land Rover and a host of its suppliers will be kept on hold for at least the next week due to a crippling cyber-hack. The impact on its operations is expected to be felt until October. The cyberattack was conducted a week ago. Thousands of workers have been told not to go to work until Tuesday. They will continue to be paid as usual, while banking their hours which they will recover later on. The company will provide an update on Monday. - Guardian