Volkswagen’s net profit plunged 32.9% to €1.54 billion in the second quarter of 2026 as falling sales in China, US tariffs and lower-margin vehicles increased pressure on Europe’s largest carmaker.…

Diageo is cutting costs across parts of its global organisation, with selected teams expected to lose between 20% and 30% of their staff after chief executive Dave Lewis ordered business…

Albertsons is reorganizing its supermarket business and investing in lower prices after cautious consumers weakened grocery sales, but the company’s latest announcement does not include a new nationwide store-closure list.…

The Walt Disney Company has cut several hundred jobs across Pixar, National Geographic, ESPN, ABC News and other entertainment and corporate operations, marking its third reported workforce reduction of 2026.…

Disney and Kraft Heinz have signed a long-term, multiyear alliance that will bring major food brands into Disney parks, resorts, cruise ships, retail products and media campaigns. The agreement affects…

Mitie Group has agreed to a recommended £3.1 billion takeover by UK facilities-services rival OCS Group, offering shareholders up to 221.6p per share. The acquisition is expected to complete in…