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Jaguar Land Rover restarts some IT systems after cyber-attack

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Jaguar Land Rover (JLR) says it has begun a “phased restart” of its operations with parts of its IT system back up and running.

The company said it was “working to clear a backlog of payments” to suppliers as it now had increased its processing capacity for invoicing.

The carmaker’s production lines have been suspended since a cyber-attack in August forced the company to shut down its IT networks. Its factories remain closed until next month at the earliest.

The prime minister said the government was “working 24/7” on a support package for suppliers amid growing concerns that some, mostly small businesses, could go bust due to the prolonged shutdown of operations.

Sir Keir Starmer said the situation faced by suppliers was “urgent”, but admitted no support plan had yet been finalised.

“I am acutely aware of the urgency of the situation and the difficulties that many of these companies are inevitably finding themselves, through no fault of course of their own,” he told the BBC.

Various ideas have been put forward over how the government could step in to support suppliers of JLR until car production is restarted.

The company said on Thursday that its recovery programme was “firmly under way” and that its global parts logistics centre, which supplies spare parts that service customers’ vehicles, “returning to full operations”.

“The financial system we use to process the wholesales of vehicles has been brought back online and we are able to sell and register vehicles for our clients faster, delivering important cash flow,” the company added.

The carmaker said it recognised that the situation was a “difficult time for all connected with JLR”, with no new cars being built and staff being sent home from work.

The manufacturer, which is owned by India’s Tata Motors, typically builds about 1,000 cars a day at its three factories in Solihull and Wolverhampton in West Midlands, and Halewood in Merseyside.

Workers have been told to stay home since 1 September, with no firm return date.

About 30,000 people are directly employed at the company’s plants with about 100,000 working for firms in the supply chain. Some of these firms supply parts exclusively to JLR, while others sell components to other carmakers as well.

Calls have been made to support suppliers, whose businesses are under threat as a result of the knock-on impact of the cyber attack.

One idea being explored is the government buying the component parts the suppliers build, with the aim of keeping the companies in JLR’s supply chain in business until production lines are up and running again.

However, firms have told the BBC they are sceptical about the success of such a scheme.

The government “simply don’t understand the complexity of what they’re dealing with”, said one supplier.

“We don’t need promises, we need help.”

The prime minister said the business secretary, Peter Kyle, was “working 24/7 with those businesses to come up with a viable way of solving this and supporting them in this crucial period”.

Meanwhile, Industry Minister Chris McDonald said the move towards restarting production was “welcome progress towards JLR’s recovery” and a step in supporting cash flow across JLR’s supply chains, adding that the government would continue its dialogue with the beleaguered firm.

Unions have called for a Covid-style furlough scheme, but ministers have ruled this out given its likely cost, sources have told the BBC.

Following a private meeting between JLR’s suppliers and the Business and Trade Select Committee on Thursday afternoon, chair of the committee Liam Byrne MP has written to Chancellor Rachel Reeves warning some firms had only “weeks left” before the financial impact seriously disrupts elements of the car supply chain.

While the purchase and stockpiling of car parts by the government is an option on the table, this would present considerable logistical challenges.

JLR’s manufacturing process relies on the right part arriving at the right place, at the right time.

Another option being considered is government-backed loans to suppliers, though this is understood to be unpopular with suppliers.

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‘The goal is coming’ – Watkins backed to end drought

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  • 6 minutes ago

When Morgan Rogers handed Ollie Watkins the ball, the Holte End chanted the striker’s name.

Seconds after his weak penalty was saved by Bologna’s Lukasz Skorupski, Watkins’ name was again chanted in support.

The England striker is enduring a 10-game goal drought for club and country at a time when Villa need him at his sharpest, despite Thursday’s Europa League win.

His nine games without scoring in the club shirt is the joint longest he has gone without a goal in his Villa career, having previously had nine-game dry spells in 2020-21 and 2022-23.

His second-half spot kick was the ideal chance to end that but the scuffed strike lacked confidence and allowed Skorupski to save with his legs.

Watkins has now failed to score three of his last five penalties for Villa, including missing in the Champions League against Celtic last season.

Ultimately – thanks to Marco Bizot’s late save from Martin Vitik – it mattered little as Villa earned their first win of the season thanks to John McGinn’s early strike.

It allowed boss Unai Emery to relax after victory and assert with confidence that Watkins will end his drought.

“He didn’t score, okay, it doesn’t matter, the goal is coming through the work he did today,” Emery said.

“I am happy because he played doing his task. He worked, this is the most important.

“He pressed, he was getting in duels, he got chances, he got a penalty, he missed but the most important [thing] is how he played in 30 minutes doing his task and he did a fantastic job.

“He has to feel after each match like I am feeling now, be happy because he did his work. He has to feel the same and if he is scoring he is going to feel better.

“The most important thing is how he is working in his tasks for the team. Today he played a good match, not enough because he didn’t score but he played good. This is the first step.”

Watkins’ struggles can be charted back to the second half of last season when he scored just four times in Villa’s final 19 games.

The 29-year-old started 13 of those but was left out of the starting line ups for their Champions League quarter-final defeat by Paris St-Germain, playing just 25 minutes across both legs.

This season he has missed all five of his big chances, has managed just 40 touches in the opposition’s box across his nine appearances and is averaging less than one shot on target per game.

With an expected goals return of 2.2 it is clear he is falling short.

Yet this is Villa’s record Premier League goalscorer. His strike against Bournemouth in May put him on 75 goals, one ahead of Gabby Agbonlahor from 133 fewer games.

He has 87 goals in 229 appearances for Villa and five in 19 caps for England, including a debut international strike against San Marino in 2021.

That came during a first season at Villa where he scored 16 goals, adapting instantly to the Premier League following a £28m move from Brentford.

His first top-flight goals came with a hat-trick in Villa’s stunning 7-2 demolition of Liverpool in October 2020.

Watkins has not dropped below double figures in his five years in the Premier League, including the 19 goals he scored in 2023-24 to help fire Villa into the Champions League, and there is belief he will return to his best.

McGinn told TNT Sport: “He’s a top-class striker. He’s not in the England squad for nothing. He’s shown over the years how good he is.

“If he’s not scoring, that’s fine. You’ve seen the effort he puts in for the team. We don’t need to put any pressure on him and add to any external noise. He’s been brilliant for us and has got nothing to prove to us.”

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Martin feels heat again, but are Rangers players letting him down?

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  • 11 minutes ago

There’s no end of flak that can be flung at Russell Martin for the epic fail that is his project at Rangers.

But watching his reaction when Mohamed Diomande got a deserved red card four minutes before half-time at Ibrox made you feel for the man.

Rangers had been second best. Fitful at the back, wasteful in possession, headless chickens in too many areas. Again.

Even before the red, it looked likely that Martin’s period of calm after Saturday’s League Cup win over Hibernian was about to come to a shuddering and noisy end.

In losing the plot, Diomande more or less ensured that Rangers were losing this Europa League opener against Genk, currently Belgium’s 14th best team.

In lunging in on Zakaria El Ouahdi, Diomande left his team-mates in a terrible lurch, already struggling with 11 and now sitting ducks with 10.

The lack of self-control was unforgivable, the look of confused innocence on his face in the aftermath a complete nonsense.

Diomande, who on his very best days looks like a player worthy of the jersey, has been nowhere near it this season. Too often he’s been lazy in his work and now he was ridiculous in his discipline.

‘Rangers engulfed in deepening apathy’

And so Martin was left, once again, to reap the whirlwind of those Rangers supporters who remained until the end.

Around 12,000 tickets went unsold – a reflection of a deepening apathy. The boos, now as much a part of the match-day experience as Broxi Bear, were heard again.

The chants demanding the manager’s head were cranked up for the umpteenth time. It was grim. The cameras panned to the directors’ box, where chairman Andrew Cavenagh and chief executive Patrick Stewart stood stony-faced.

A penny for Cavenagh’s thoughts. The Rangers fans would cough up a lot more than that for an audience with the man, for a chance to air their views by way of a venting of the spleen.

Cavenagh has made it known that he’s behind his manager, but it’s just not credible to think that he has no doubts about what he’s seeing. And it’s unimaginable that he has no concerns about the way his – and other people’s – money has been spent.

Is any single part of Rangers’ operation working? Not really. Quality of play, results, recruitment, relationship with supporters – nothing is functioning.

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Rangers were, and are, a hard, hard watch. They were, and are, pedestrian and predictable. Laborious. Tiresome. Everything looked so slow, so difficult, so unthreatening, save for the odd moment of energy from Djeidi Gassama on the left.

Genk missed a sitter at 0-0, then hit a post, then missed a penalty, or rather had it saved by Jack Butland. All of those moments happened before the break when the score was level.

Diomande’s act of foolishness just put the tin hat on it. It gave Martin an excuse, and in his news conference later he took it.

But there was not a lot of positivity in Rangers’ performance before that and there was no reason to believe that it would have been any better had Diomande not taken himself out of the game.

Genk are in the midst of a poor run themselves, with one win in five coming into this. This was their first clean sheet in 11 games, which is the kind of thing that happens when your goalkeeper doesn’t have a save to make.

Like Rangers, they were under pressure. Like Rangers, they had cause to be anxious and negative, playing it tight and hoping for the best.

But they weren’t. They were ambitious on the ball. They attacked the game, while Rangers flailed wildly. Their intensity, away from home, was impressive.

Whatever their coach Thorsten Fink said to them beforehand, they looked full of belief, a stark contrast to their hosts.

‘Diomande just latest to let Martin down’

The lack of incisiveness in Martin’s team is remarkable for a set of players put together for a relative king’s ransom.

We’re told that Rangers’ net spend this summer has been £21m, including transfer fees and loan payments. You could put a dot between the 2 and the 1 and still wonder if they’ve got value.

They had Youssef Chermiti up front, a 21-year-old brought in from Everton at a cost of £8m.

It’s easy to bash the young striker, but he didn’t lack hunger or work-rate. What he lacked was a modicum of a chance, a sniff at goal. Just one.

The life of a Rangers centre-forward is a lonely existence right now. Isolated and joyless. They’re on their own up there. Sink or sink would appear to be the range of their options.

Diomande’s moment of madness was the last thing Martin needed, but it was Martin who picked him and it was Martin who picked others who struggled to make passes.

It was Martin, again, whose management of this team produced very little threat while giving up big chances even when it was 11 versus 11.

His midfielder let him down on Thursday, and on other days and nights it was others who let him down, didn’t show enough leadership, failed to make a difference.

The cast of characters on that front is long and thunderously unimpressive.

Martin gets filleted but the Rangers players can’t escape censure here. A lot of this mess is down to the manager, but not all of it.

He said the red changed the game and he was correct, but there’s always something – players being anxious, a red card, a penalty not given, another decision given in error. There’s a fatalism about all of this.

And on Sunday they have a trip to Livingston. Plastic pitch, canny manager, physical team motivated to the high heavens. A gauntlet awaits this meek Rangers outfit.

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Costco tops earnings, revenue estimates as warehouse club gains more members

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  • Costco topped fourth-quarter earnings and revenue estimates.
  • The warehouse club has been winning over younger members with better merchandise and stronger digital offerings.
  • E-commerce sales increased by 13.5% compared with the year-ago period, excluding the impacts from changes in gas prices and foreign exchange.
A Costco store in Richmond, California, US, on Thursday, May 29, 2025.
David Paul Morris | Bloomberg | Getty Images

Costco on Thursday topped Wall Street’s expectations for quarterly earnings and revenue as the warehouse club posted double-digit gains in both membership income and its e-commerce business.

Unlike many other retailers, the company does not share an annual outlook.

On the company’s earnings call, CFO Gary Millerchip said the retailer has worked hard to offset higher tariff costs. In some cases, it has introduced new items from its Kirkland Signature private-label brand as alternatives to goods hit by tariffs, he said. About a third of Costco’s U.S. sales come from imported goods.

Costco is also changing its merchandise assortment in some cases, he said, such as buying more U.S.-made items or leaning into categories with less tariff exposure like health and beauty.

He said overall inflation remained in the low- to mid-single-digit range, with food price increases similar to last quarter. Yet for the second consecutive quarter, he said inflation returned for non-food merchandise, primarily driven by imported items.

Shares of the retailer fell slightly in extended trading.

Here’s how Costco did in its fiscal fourth quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

  • Earnings per share: $5.87 vs $5.80 expected
  • Revenue: $86.16 billion vs. $86.06 billion expected

Costco’s net income for the three-month period that rose to $2.61 billion, or $5.87 per share, compared with $2.35 billion, or $5.29 per share a year earlier. Revenue increased from $79.7 billion in the year-ago period.

Same-store sales, an industry metric that takes out one-time factors such as store openings and closures, rose 6.4% excluding the impact from changes in gas prices and foreign exchange. That result, which was reported along with Costco’s August sales numbers, marks two quarters in a row of decelerating same-store sales.

E-commerce sales increased by 13.5% compared with the year-ago period, excluding the impacts from changes in gas prices and foreign exchange.

As U.S. consumers look for value, Costco and its warehouse club competitors have opened new locations and attracted more members. Younger shoppers have signed up for the stores as the retailers offer more convenient ways to shop online, a wider variety of merchandise and cheaper meals.

In an interview this summer, Millerchip told CNBC that the average age of the company’s members has fallen, and just under half of its new signups each year from people under 40.

As members across age groups join, Costco’s revenue, which includes net sales and membership fees, has also grown. Its full-year revenue totaled $275.24 billion, up about 8.1% year over year.

In the quarter, its membership fee total jumped about 14%, which reflects its increase in paying shoppers and its higher fee. Last fall, it raised its membership fee for the first time since 2017. Costco shoppers now pay $5 more per year or $10 more annually for its higher-tier membership when their annual fee renews.

On the company’s earnings call, CEO Ron Vachris said Costco opened 27 new warehouses, including three relocations. It plans to open another 35 warehouses in the coming fiscal year, including five relocations.

Traffic to stores and Costco’s website rose 3.7% globally, Millerchip said on the call. Meanwhile, average transaction size climbed 2.6% worldwide, excluding gas and foreign exchange changes, he added.

Shares of Costco have jumped by about 180% over the past five years. Yet the retailer has underperformed the market more recently, as shares are up just over 2% so far this year compared to the S&P 500’s more than 12% gains during the same time.

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