Political upheavals in Westminster have sent the pound down sharply against the dollar and euro today.
Asian and European stock markets are also down after US Democrats called for in impeachment inquiry into Donald Trump, deepening the uncertainty facing America's economy.
“Sainsbury’s turnaround is going to be like a juggernaut, taking a very long time to reposition the business in the right direction.
“Retailing is about giving customers what they want, how they want and at the right price. Management also need to make sure the business is running efficiently both in terms of making a profit and customers have a smooth experience when doing their shopping."
Banker at heart of €200bn money laundering case found dead
TALLINN, Estonia (AP) — Estonian police have found the body of the former head of Danske Bank in Estonia who was at the centre of a €200bn money laundering scandal and had disappeared two days ago.
Police said Aivar Rehe went missing Monday, fuelling speculation it might be related to the 2007-2015 money laundering scheme.
He was found Wednesday after a search involving dogs, drones and volunteers near his home in Tallinn.
Police said no third parties were suspected in Rehe's disappearance and suggested the possibility that he took his own life. No other details were available.
Rehe, who was head of Danske Bank in Estonia from 2006 to 2015, said in March he feels responsible but also believes Danske Bank's anti-money laundering mechanisms at that time were sufficient. He wasn't considered a suspect.
Wrightbus, the Northern Irish maker of the ‘Boris Bus’, is set to fall into administration, putting around 1,400 jobs at risk.
The firm built the New Routemaster buses, which appeared on London’s roads in 2012 in a flagship policy for then-mayor Boris Johnson. But further orders of the buses were cancelled in 2016 by Sadiq Khan who succeeded Mr Johnson as mayor.
An MP has told the BBC that the administration of Wrightbus – one of Northern Ireland’s largest employers – is now an “inevitability”. He understands the procedure will begin on Wednesday.
"Essentially, from this point the administrator has a week to find a buyer," said Ian Paisley, an MP from Norther Ireland’s DUP.
The firm’s workers will be told what its administration means for them, he noted, adding: "The supply chain workers also face troubling times.”
Maker of ‘Boris Bus’ set to collapse into administration, risking 1,400 job losses
He said: "I feel angry, disappointed and let down."
He said last week they were close to a deal to save the plant but the situation had taken a downturn over the last day or two.
"Officially we were made redundant this morning, we have no jobs. Twenty-two years I have been an employee."
He started as an apprentice and worked his way up to become a quality inspector.
"Officially now I have no job."
PA news agency
