BP launches fresh costs review; Trump attacks ‘woke’ JLR as it announces new boss – business live

The UK’s Domino’s Pizza Group has cut its profit forecast this morning, warning that costs are climbing as sales fall.The group, which has the exclusive rights to the Domino’s brand in the UK and Ireland, reported that total orders were flat in the first half of this year, and that like-for-like sales fell 0.7% in April-June.Pre-tax profits have fallen by almost a third, on a statutory basis, from £59.4m to £40

Shein fined €1m in Italy for misleading environmental claims about products

The Italian authorities have fined Shein €1m (£870,000) for making “misleading or omissive” environmental claims about its products, the second time in as many months the Chinese fashion retailer has been targeted by European regulators.Environmental sustainability and social responsibility messages on Shein’s website were in some cases “vague, generic, and/or overly emphatic” and in others were “misleading or omissive”, said Italy’s competition authority, AGCM.It is the latest criticism to hit the fast fashion behemoth, where shoppers can pick up polyester party dresses for as little as £1.60, leading to claims it is helping to cause a plastic pollution crisis through the oversupply of cheap synthetic clothes.Shein details its “evoluSHEIN” roadmap on its website as including three strategic pillars: “Equitable Empowerment (People), Collective Resilience (Planet) and Waste-Less Innovation (Process)

Dial N for nostalgia: landlines are back | Brief letters

Emma Brockes’ article threw open the door to landline memories (Worried about your child’s screentime? Get a landline, 31 July). When it rang, the enthusiasm that came with the conviction “it’s for me” v the reluctance when seemingly knowing “it’s not for me”. This was undoubtedly because the phone in a cold hallway meant no one wanted to leave the warmth and TV in the sitting room. Virginia RanscombeDerbyhaven, Isle of Man I can’t believe it has taken 40 years and a thinktank to realise the bleeding obvious about the sale of council housing (Right to buy in England ‘fuelled housing crisis and cost taxpayers £200bn’, 3 August). Wrong policy from the very beginning – and the fact it continued for so long is nothing short of scandalous

George Osborne says UK has been left behind in cryptocurrency boom

The UK has been left behind in the cryptocurrency boom and is in danger of missing a second wave of demand, according to the former chancellor George Osborne.Osborne, who has an advisory role at the crypto exchange firm Coinbase, said the country already missed out on the first generation of crypto because the formerly sceptical US had embraced digital currencies under Donald Trump.“What I see makes me anxious. Far from being an early adopter, we have allowed ourselves to be left behind,” wrote Osborne in a Financial Times opinion piece.Osborne said the UK was now about to miss a new surge in the crypto market: stablecoins

The sacking of Simon Goodwin was ruthless but the right call for the Demons | Martin Pegan

Simon Goodwin will forever remain in Melbourne folklore as the coach that broke the curse – the coach that finally followed in the footsteps of club great Norm Smith when he helped end almost six decades of misery with a fairytale premiership. For now, Goodwin is one of only four coaches to lead the Demons to a VFL/AFL flag. But the one-time powerhouse club is right to look forward rather than backward, in the hope of finding the next coach to take it to the promised land.Melbourne’s decision to sack a premiership-winner is among the most ruthless the AFL has seen in recent years. It has become all too common for head coaches to be given extra time, whether to build a team from the ground up or to turn around an unexpected decline

AFL urged to lock in women’s grand final at its own 53,000 capacity Marvel Stadium

Leading figures in the AFLW have urged officials to think big around the venue for November’s grand final, and prioritise women’s football over concerts and supercross at the AFL-owned Marvel Stadium.Last year’s premiership was decided at a sold out, 12,000-capacity Ikon Park in Carlton where North Melbourne overcame Brisbane to win the club’s first flag in 25 years.Jasmine Garner, who takes over the Kangaroos captaincy from Emma Kearney this season, said locking in the grand final at Marvel Stadium each year ensures the AFLW showpiece is given its best chance of success.“You don’t have to worry about what the weather’s going to do on the day because, you just never know with the suburban grounds, the weather can play a huge part in it,” she said.Bre Koenen, the Lions skipper, said it was important for the AFLW to establish traditions and build supporter habits even if it meant interstate teams would forego hosting rights and had to travel to compete in the grand final