Engineer Wood Group rejects £1.4bn bid from Dubai rival; TSB to shut 36 branches – business live Train driver strikes in England bring disruption to passengers; Sweden’s Riksbank cuts rates for first time in eight years
Bankrupt crypto exchange FTX says it will be able to repay creditors full $11bn CEO confirms once company has sold off remaining assets it will have more than amount required
‘It’s the brand speaking to you’: the scent firms making smells for Subway, Abercrombie and more As brick-and-mortar retail stores compete with e-commerce, chains are spending heavily to immerse customers in bespoke fragrances
BrewDog’s James Watt to step down as chief executive of beer company Watt to be replaced by COO James Arrow while assuming newly created title of ‘captain and co-founder’
Boohoo dives into debt as losses soar to £160m and sales slump Online fashion retailer cut over 1,000 jobs in year to February amid competition from rival Shein and resurgent high street
No refund after I was sold a stolen £3,300 bike on eBay I phoned the police and the bike was seized, but eBay and my bank won’t help over reimbursement
Chinese network behind one of world’s ‘largest online scams’ Exclusive: Vast web of fake shops touting designer brands took money and personal details from 800,000 people in Europe and US, data suggests
AstraZeneca withdraws Covid-19 vaccine worldwide, citing surplus of newer vaccines Pharmaceutical company says newer shots led to decline in demand for AstraZeneca vaccine, which is no longer being manufactured or supplied
‘Unfair banking’ and ‘damaging’ financial rules harming UK’s small firms, MPs warn Treasury committee says ‘debanking’ and use of personal guarantees for loans is putting small businesses at risk
Panera to pull caffeinated beverages connected to at least two deaths Charged Lemonade drinks, which can contain 302mg of caffeine, are being eliminated after multiple lawsuits
The Guardian view on Labour’s big idea: organising the state effectively matters for jobs and growth Editorial: Rachel Reeves missed a chance to recast a policy that cuts government spending while shovelling state cash into private banks
Dmitry Khoroshev named as alleged leader of ransomware gang LockBit National Crime Agency says it has identified Russian national behind dangerous cybercrime group
Grant Shapps says it will ‘take some time’ to conclude who was to blame for cyber-attack on armed forces payroll – as it happened Defence secretary makes statement after 270,000 payroll records belonging to members of Britain’s armed forces been exposed to hackers
BP right to hold steady on climate targets despite below forecast profits Although chief executive Murray Auchincloss has left himself room to pump more oil and gas, renewables should start generating greater returns
LockBit ransomware group’s leader unmasked and hit with sanctions; UK house prices inch higher– business live Leader of major cybercrime group has been unmasked and sanctioned by the UK, US and Australia, authorities say