The Dow Jones Industrial Average fell 23.8 points, or 0.05 per cent, at the open to 46,097.43. The S&P 500 fell 29.8 points, or 0.45 per cent, to 6,608.19, while the Nasdaq Composite dropped 179.1 points, or 0.80 per cent, to 22,318.766. The Seattle-based chain said it has launched a consultation over the proposed closure of a number of its 520 company-owned UK stores. Daniel Erver, who has been chief executive since January 2024, has focused on improving profitability and competing with fast-fashion rivals Shein and Inditex’s Zara. Josh Payne, founder and chief executive of Nscale NSCALEOpenAI plans to build its first European data centre in Norway’s Arctic city of Narvik, jointly with Nscale and Aker.
