Thursday newspaper round-up: Online slot machines, Vauxhall, Body Shop
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Vauxhall’s owner, Stellantis, will make electric vans at its factory in Luton from 2025, helping to secure the future of 1,500 UK jobs at the plant. The Luton factory will produce medium-sized electric vans for the Vauxhall, Citroën, Peugeot and Fiat Professional brands, Stellantis announced on Thursday. – Guardian
Taxpayers will be forced to pay millions of pounds to sacked staff at The Body Shop as administrators oversee a drastic restructuring of the collapsed chain. Employees at the company have been told to make claims through the government-backed redundancy payments service if they are laid off. This is funded using National Insurance contributions. – Telegraph
Nvidia Corporation forecast first-quarter revenue above estimates last night, banking on huge demand for its industry-leading artificial intelligence chips and improving supply chain dynamics. The company, based in Santa Clara, California, estimated current-quarter revenue of $24 billion, plus or minus 2 per cent, compared with expectations of $22.2 billion. – The Times
Investment bankers made an “unrealistic” and “inappropriate” $1 billion cash demand on the Frasers Group partly out of snobbery towards the retailer’s owner Mike Ashley, a court has been told. Lawyers told a High Court judge on Wednesday that senior executives at Morgan Stanley wanted the group off its books because Ashley — the former owner of Newcastle United FC — was viewed as an “upstart”. – The Times
