Closing summary
Time to wrap up…
Environmental groups and sustainable finance campaigners have criticised BP following a report that the oil giant is dropping a target to cut its oil and gas production by the end of the decade.
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TGI Fridays will remain on UK high streets following a rescue deal for the chain, but more than 1,000 staff have lost their jobs with the immediate closure of 35 restaurants.
Breal Capital and Calveton UK have acquired 51 restaurants after the group’s previous operator fell into administration.
It means that nearly 2,400 jobs have been saved across the US-themed restaurant and cocktail bar, but 35 restaurants not included in the sale have closed, leading to 1,012 redundancies.
UK house prices have risen for the third month running, to just over £100 below their all-time high.
German industry has been hit by another fall in orders….
The UK’s post-Brexit border plans have been delayed again, with new rules requiring safety forms to be sent with all imports delayed by three months.
In the markets, the pound has hit a new three-week low against the US dollar.
The Daily Mirror have a list of the 35 TGI Fridays stores to close, following the sale of part of the chain today.
They are:
Barnsley
Birmingham
Bracknell
Brighton Marina
Bristol Cabot Circus
Cardiff Newport Road
Chelmsford
Cheltenham
Croydon
Derby
Dundee
Durham
Edinburgh Fort Kinnaird
Enfield
Gateshead
Gloucester Quays
Halifax
Jersey
Leeds
Leeds Trinity
Leicester
Lincoln
Manchester Royal Exchange
Newcastle Eldon Square
Newport
Northampton
Prestwich
Romford
Sale
Solihull
Southampton West Quay South
Speke
Sutton Coldfield
Swansea
Watford North
Full list of 35 TGI Fridays restaurants closing down immediately under new rescue dealhttps://t.co/FUInL7CfHv pic.twitter.com/5Ae6sUqr58
— Mirror Money Saving (@MirrorMoney) October 7, 2024
