Young’s cheers first quarter revenues top up
Emerging from pandemic lockdowns London brewer posts 39.7% hike
B&M hires DFS finance head Schmidt as CFO
He replaces Alex Russo who is stepping up to helm group
Easyjet COO Bellew steps down after weekend of chaos at airports
Budget carrier said senior executive departed to ‘pursue other business opportunities’
Morrisons second quarter sales drop 6.4%
Cost of living ‘inflationary pressure’ and ‘subdued consumer sentiment’ hit supermarket
Moonpig revenues slip as customers return to high street
Bricks and mortar retailers re-opened as challengers to online brand
Whitbread appoints Domino’s Pizza boss Paul CEO
Company owns brands including Premier Inn and Beefeater
Spanners in the works that really aren’t needed
There is now a real risk of major disruption to the economy for the rest of 2022
Hospitality firms despair at slump in bookings on first day of strikes
Rail and Tube action has sent bookings crashing by up to 50% or more
Now supermarket boss must prove he’s worth £4.7m
Boardroom pay questionable at a time when customers and staff are feeling the pinch
Restaurant chains rack up losses of more than £800 million
In six months inflation, energy prices and staffing costs have turned up heat on sector
Poundland owner Pepco benefits from cost of living squeeze
Retail group reports revenue and profits boost in half year results
‘Strong’ summer levels for National Express
Passengers back to 85% of pre-pandemic figures while airport business continues to climb
Boss of high street retailer New Look steps down
Nigel Oddy joined the business in 2019 and the hunt for his successor is ‘well-advanced’
Shareholder group to challenge Sainsbury’s on living wage
Legal & General and savings trust Nest have tabled a motion through investor body ShareAction
Marriott pulls Russian business due to economic sanctions
The company operates 22 franchised hotels in the country and closed Moscow office in March
Drivers switch to subscription rentals as car prices soar
Car ownership has fallen for the second time in two years, the first consecutive annual decrease in over 100 years
Frasers rescues fast fashion retailer Missguided in £20 million deal
Until yesterday Boohoo had been frontrunner to take on troubled brand
Government can’t shirk all blame for chaos at airports
Excuses will be cold comfort for families waiting hours to clear security or immigration
Boohoo remains in race to buy Missguided
Administrator Teneo has been appointed to fast fashion brand in ‘extremely challenging’ market
B&M shares slide as CEO prepares for exit
Finance head Alex Russo will replace boss Simon Arora at the high street retailer
Morrisons buyout of McColl’s probed by watchdog
Bid was contentious for retailer with supermarket beating EG Group
Boohoo weighs offer for Missguided
The process to identify a buyer for the company started in April
Authentic Brands Group in talks to buy Ted Baker
Reebok owner emerges as preferred bidder for high street fashion chain
DIY retailer Wickes avoids home improvement slowdown
Business has benefitting from sustained DIY interest and bursting trade order books
Fitness app Strava reaches 100 million users
1 in 6 adults in the UK are now registered on the app
Sycamore drops out of race to buy Ted Baker
Unamed bidder will now move forward in the sale process
IWC owner Richemont says Gen Z getting into luxury watches
Company owns brands including Cartier, Dunhill and Montblanc
Inflation threatens pub roast as Young’s takes chicken off the menu
CEO Patrick Dardis said: ‘We will sell out the fresh chickens we’ve got in our fridges, and we won’t be ordering any more.’
Pubs wary of increasing prices as inflation squeezes profits
‘We are having to take a lot of these costs on the chin which affects our bottom line,’ said City Pub Group chair Clive Watson
Made.com shares plummet on profit alert and finance chief exit
The retailer warned supply chain issues would lead to a £5 million earning hit this year and said losses could be as much as £35 million for 2022
Greggs boss warns of price increases
Roger Whiteside said the company is doing all it can to absorb costs and remain a value option for consumers
Fears more High Street stores could collapse as spending falls
The BRC and KPMG warned that retailer will struggle to absorb rising costs