21-year-old fast food chain closing half its stores after sale

The Confederation of British Industry (CBI) has revised its growth forecast for the UK in 2026, attributing the increase to a temporary boost from recent budget measures aimed at stimulating the economy. This adjustment reflects a more optimistic outlook amidst ongoing economic challenges.

An official report from the UK's energy system operator has projected that achieving net zero carbon emissions by 2050 could cost households an additional £500 annually, highlighting the financial implications of transitioning away from fossil fuels. The report outlines various scenarios that illustrate the expected surge in spending over the coming years.

Survivors of a deadly typhoon in the Philippines have initiated a legal claim against Shell, the UK's largest oil company, citing the climate impacts of fossil fuels as a contributing factor to the disaster. This marks the first legal action of its kind in the UK, highlighting the growing accountability of fossil fuel companies in climate-related issues.

The UK housing market has experienced a slowdown following a tax-raising budget, as indicated by a recent survey from the Royal Institution of Chartered Surveyors (RICS). This decline reflects growing concerns among buyers and sellers regarding economic stability and future housing prices.

A report by PwC highlights that Britain is experiencing a decline in youth employment, with a significant rise in worklessness threatening the future of a generation. The UK economy is reportedly losing up to £26 billion annually due to stark regional disparities in youth joblessness.

Leon, the healthier fast food chain, has announced the closure of 20 stores and confirmed job losses as it appoints administrators to restructure its operations.

Fast food chain Leon has announced plans to close several restaurants and cut jobs following its recent acquisition by co-founder John Vincent. The company is appointing administrators to oversee a restructuring program, with 20 of its 54 outlets expected to be affected by closures.

Major private equity-backed companies in the UK are reportedly failing to meet essential financial reporting guidelines established nearly two decades ago, according to the Private Equity Reporting Group (PERG). This non-compliance raises concerns about transparency and accountability within the sector.