Intertek isn’t in the news here—these items are about the UK energy shock and Morrison’s AI push. Intertek: British testing/certification giant, FTSE100, London-listed, global QA and safety.
Morrisons has announced a consultation over job cuts at its Bradford headquarters, impacting less than 10% of roles. The retailer is shifting focus to streamline operations and increase automation, including expanding its use of AI, amid challenging market conditions and ongoing sales underperformance.
The Bank of England is considering interest rate decisions as energy prices surge due to the Middle East conflict. UK economic growth has been stronger than expected, but inflation risks are rising. Policymakers face a difficult balancing act between supporting growth and controlling inflation.