US private sector job growth steady in September, ADP says

The numbers: US private sector employers added 208,000 jobs in September, up from a revised 185,000 in the previous month, according to the ADP job report released Wednesday. Economists polled by the Wall Street Journal had expected a gain of 200,000 jobs, up from the initial August estimate of 132,000. Key details: Annual pay was … Read more

Topps Tiles 4Q Comparative Sales Fell; FY 2022 Adjusted Pretax Profit Seen at Upper End of Views

By Anthony O. Goriainoff Topps Tiles PLC said Wednesday that like-for-like sales in the final quarter of fiscal 2022 fell 1.2%, and that it expects adjusted pretax profit for the year to be at the upper end of market expectations. The UK tiles retailer said that, for the 52 weeks ended Oct. 1, adjusted pretax … Read more

US auto sales fell slightly in Q3, but GM is a bright spot

DETROIT — US new vehicle sales fell slightly in the third quarter, even though some automakers reported improvement in September. But there are warning signs consumers’ appetite for expensive new cars, trucks and SUVs may be waning. Edmunds.com said Monday that sales fell 0.9% from July through September, with most automakers reporting declines. General Motors … Read more

Opinion: Amazon’s business model is inhumane and unsustainable

With Britain suffering through its worst cost-of-living crisis in decades—owing to high inflation and soaring energy prices—hundreds of workers at an Amazon AMZN, -1.57% warehouse in Coventry, England, this month demanded a wage hike. If the demand is not met, they say they will go on strike in November, just ahead of Black Friday and … Read more

Business grants are tough to get, but not impossible—here are tips on how to get one

Business grants may seem like the holy grail for small-business owners, since they offer cash you don’t have to pay back. But finding one can feel as futile as searching for lost treasure. “Everybody wants to know: How do I get free money for my business?” says Jenn Steinfeld, director of entrepreneurship and economic development … Read more

LEGO 1H Profit Stable on Consumer Sales Growth

By Kyle Morris LEGO Group said Wednesday that net profit for the first half was stable as revenue increased on year after consumer sales growth, with especially strong performances in the Americas, Western Europe and Asia-Pacific. The Denmark-based company said net profit for the first six months of 2022 was 6.15 billion Danish kroner ($793.4 … Read more

SSP to Report Around GBP2.17Bln in Sales for FY 2022 as Passenger Numbers Recover

By Anthony O. Goriainoff SSP Group PLC said Tuesday that it expects to report sales of around 2.17 billion pounds ($2.32 billion) for fiscal 2022 as passenger numbers continue to recover, and that it remains confident in the continuing resilience of its business model. The London-listed food-and-beverage company–which houses the Upper Crust bakery chain–said that … Read more

Netflix chief accounting officer gives up $2.4 million position after just 4 months on the job

Netflix Inc. is seeking a new chief accounting officer after its current one quit the role after less than four months. The streaming giant NFLX, -4.49% said in a regulatory filing Friday that Ken Barker has submitted his resignation effective Oct. 7. Barker, 55, joined the company on June 27 from Electronic Arts Inc. EA, … Read more

Goldman Sachs’ European ECM and leveraged finance team hit hardest by layoffs

Goldman Sachs’ equity capital markets and leveraged finance teams bore the brunt of its latest cut-backs in its European investment bank. The US investment bank has laid off 12 bankers across the two teams, according to people familiar with the matter, after Goldman informed London staff of the cuts earlier this week on 20 and … Read more