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Leisure & Retail
<p>National Express is on the road back to higher passenger numbers and profits  </p>
Business News

‘Strong’ summer levels for National Express

Passengers back to 85% of pre-pandemic figures while airport business continues to climb

<p>JD is accused of raising the price of Rangers shirts from £55 to £60, as well as coordinating the timing of discounts to avoid competition. </p>
Business News

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’

Business News

Shareholder group to challenge Sainsbury’s on living wage

Legal & General and savings trust Nest have tabled a motion through investor body ShareAction

Business News

Marriott pulls Russian business due to economic sanctions

The company operates 22 franchised hotels in the country and closed Moscow office in March

Business

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

Business News

Frasers rescues fast fashion retailer Missguided in £20 million deal

Until yesterday Boohoo had been frontrunner to take on troubled brand

Business News

Government can’t shirk all blame for chaos at airports

Excuses will be cold comfort for families waiting hours to clear security or immigration

Business News

Boohoo remains in race to buy Missguided

Administrator Teneo has been appointed to fast fashion brand in ‘extremely challenging’ market

Business

IWC owner Richemont says Gen Z getting into luxury watches

Company owns brands including Cartier, Dunhill and Montblanc

Business

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.’

Business

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

Business

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

Business

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

Business

Fears more High Street stores could collapse as spending falls

The BRC and KPMG warned that retailer will struggle to absorb rising costs

Business

Seraphine blames war in Ukraine for second profit warning

The maternity wear retailer said that consumer sentiment had weakened ‘across Europe’ as a result of the war

Business

Tears at Boohoo as cost of living crisis brings growth to a halt

Profit margins are being squeezed by rising costs and the online retailer said growth would be flat in the next six months

Business

McColl’s suspends shares as rescue talks delay results

The convenience chain store is desperately trying to avoid collapse as supply chain issues, inflation and high debt weigh on the business

Business

AO World crashes as cost of living crisis prompts profit warning

AO said it could face a ‘material’ hit to profits this year as it delivered lower than expected profits and sales for the 12 months just ended

Business

Premier Inn and Park Plaza hit by inflation and staff shortages

Hotels are struggling to recruit post-Brexit and afterthe pandemic

Business

Marmite and Dove owner Unilever ups prices by 8% as costs soar

Soaring inflation of raw materials is set to push up Unilever’s costs by €4.8 billion this year

Business

WH Smith could open more pharmacy counters in stores

The retailer is positioning itself as a ‘one-stop shop for all travel essentials’

Business

Sunflower oil sales leap 27% as war in Ukraine prompts stockpiling

War-torn Ukraine is the world’s largest manufacturer of Britain’s favourite cooking oil

Business

Lidl offers finders fee worth thousands for spotting new store sites

The supermarket is looking for sites across the country, and wants to double the number of stores it has in London

Business

Heathrow warns of looming ‘winter freeze’ as Covid losses pass £4bn

Demand for flights still remains ‘very volatile’ despite Easter break boost

Business

Asda joins rivals in hiking pay for shop workers

Asda is also reducing the price of 100 ‘family favourites’ to ease pressure on household budgets

Business

Budweiser brewer AB InBev facing $1.1bn hit as it pulls out of Russia

Brewer will sell interest in Turkish brewer Anadolu Efes in response to Ukraine invasion

Business

Guinness launches cold brew coffee beer in the UK

The product has already proved successful in the US

Business

Ben & Jerry’s owner Unilever to stop advertising to under 16s

The owner of Wall’s and Ben & Jerry’s ice cream will commit by  the start of 2023

Business

THG rejects multiple ‘unacceptable’ takeover bids after stock collapse

Shares in the online retailer have dropped 85% since last summer amid concerns about corporate governance and plans to focus on its small, but fast-growing, platform business Ingenuity

Business

Boots to flush plastic-based wet wipes from shelves by year end

The UK’s biggest pharmacy chain sells 800 million wipes annually