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Leisure & Retail
Business
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London’s Cineworld, Picturehouse cinemas stay open despite bankruptcy

The London-based firm said it would continue to pay wages to staff as it began chapter 11 proceedings in a Texas courtroom

Business

Made.com shares soar after upturn in sales

It comes after the online retailer slashed jobs and announced it was putting itself up for sale

Business

Not On The High Street opens high street store

The online retailer is running a shop on London’s Old Compton Street for just two days to coincide with an astrological period of chaos known as Mercury in retrograde.

Business

Next slashes profit forecasts in bleak warning for the high street

Profits for the year will be £20 million lower at £840 million and sales will fall 1.5%, rather than rise 1% as earlier expected.

Business

Morrisons tries to tempt customers with 5p per litre petrol price cut

Grocer hopes its fuel discount and price reductions on 150 products will encourage customers back after a steep drop in earnings in its most recent quarter.

Business

At least 9 London pubs to close as Wetherspoon puts sites up for sale

JD Wetherspoon has warned it would slip to an annual loss after hiking staff wages

Business

Shepherd Neame back in black but warns London pubs are falling behind

The firm warned the price of a pint was likely to increase further amid a continued rise in supply chain costs

Business

Boohoo founder loses £500 million as firm’s stock becomes most shorted

Founder Mahmud Kamani has seen the value of his share in the business shrink to just £60 million

Business

Londoners donate half a million food bank meals via Deliveroo scheme

Deliveroo workers have also been volunteering at food banks

Business

Price freeze helps sales surge at bowling group Ten Entertainment

The firm plans to open a further three bowling alleys in the next six months

Business

Depop founder swaps fashion for home-cooked food with new Delli app

Founder Simon Beckerman believes pandemic lockdowns created an army of self-trained chefs across London, and his app has the power to mobilise them

Business

M&S sets out £15 million cost of living package for staff

Boost will include an additional Autumn pay review setting £10.20 minimum hourly rate

Business

Shock retail sales slump unnerves High Street amid Bank dilemma

Sales volumes dropped by 1.6% in August while pound dropped to 37-year low against dollar

Business

Frasers takeover bid rejected by Australian fashion hub MySale

Mike Ashley’s business has recently conducted a fashion brand acquisition spree

Business

H&M misses summer sales expectations

Second largest fashion chain fails to reach analyst predications as cost of living bites

Business

Homeware and fine china firm Portmeirion plates up revenue boost

Company profits also rose during the first half as consumers returned to furnishing homes

Business

Home insulation scramble helps Wickes reach record sales

The DIY firm saw a boom in sales of insulation, draft excluders and LED light bulbs

Business

Sofa retailer DFS profits slump in face of most ‘challenging year’

Business is also faced with reduction in order volumes for upcoming fourth quarter

Business

FOMO fuels scotch sales boom at Artisanal Spirits

The firm’s growth is the latest example of the so-called ‘premiumisation’ trend

Business

Aldi joins top table to create grocery ‘Big Five’

UK has taken formula of low-cost, no-frills, obscure brands food shopping to heart

Business

Trustpilot shares soar as consumers focus on brand reputation

The firm said trust was a valuable commodity in times of financial constraint

Business

Fever-Tree shares fizz on revenue climb but still warns on margins

Market price boosted 13% despite cost pressures and pre-tax profit dip

Business

Sainsbury’s unveils £25 million cost of living support package

Workers will also be given free food during their shifts

Business

Aldi overtakes Morrisons to become the UK’s fourth largest supermarket

Grocery price inflation has hit record highs, pushing shoppers to discount brands

Business

Wetherspoon pubs cut prices for one day amid calls for VAT reduction

VAT is the fastest growing tax of the biggest five taxes in the last decade

Business

DFS appoints former Matalan head Johnson as chair

He replaces Ian Durant who retires from the furniture retailer later this year

Business

Online car seller Cazoo performs Europe u-turn to focus on UK

The firm has opted to pull out of the four mainland European countries where it has a presence and focus on the UK in a bid to maintain its profitability targets and to avoid seeking eternal funding.

Business

Ocado promotes product head Gibson to chief exec amid sales slowdown

New Ocado boss Hannah Gibson steps into the top job just two months after her predecessor Melanie Smith announced her exit after a challenging trading period.

Business

Heineken tops up on Beavertown to take full control of London brewer

The Dutch brewing giant says Beavertown, which it bought a minority stake in for £40m in 2018, will continue to be run as a separate business as its founder Logan Plant steps down as chief executive.

Business

International travel bounceback helps lift WH Smith sales

Sales at the firm’s travel stores were almost 30% ahead of pre-pandemic levels

Business

Waitrose blocked rival supermarkets from opening nearby, CMA says

The supermarket is the most expensive in the UK, according to consumer site Which?

Business

Royal Caribbean tasks Elon Musk’s Starlink to deliver faster internet

The announcement is the latest step for SpaceX as it seeks to commercialise its Starlink satellite programme

Business

Billionaire Issa brothers snatch Co-op forecourts in £600 million deal

Around 2,300 staff move to employment with Asda as part of the deal

Business

John Lewis ‘never knowingly undersold’ pledge to end today

The department store said the price promise would be replaced with a ‘new approach’

Business

Bounce in retail spending ‘is blip before the storm’

Sales volumes were up 0.3% in the month compared with City forecasts of a 0.2% dip

Business

Just Eat Takeaway sells iFood stake in £1.5 billion deal

The company is also under pressure to sell its US arm GrubHub

Business

OnlyFans content creator who made $5 million invests in rival platform

Content creator Bryce Adams says the move could mark the start of a career in investing

Business

Made confirms capital injection search to shore up business

Shares in furniture retailer dip further 10% in early trading after last month’s 40% drop

Business

Harry Potter specs maker expands in Europe but ‘cautious’ on UK

Bath-based Inspecs said war in Ukraine and high inflation continued to pose an issue for the company

Business

Dairy products hardest hit by inflation as milk prices soar 34%

Other kitchen staples like jam and crisps were also big risers, with prices increasing 21.2% and 13.4% respectively

Business

Airport staff quit to join London coding firm

Workers in the travel and leisure sectors are re-evaluating their careers, according to the boss of Sparta Global