‘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
DIY retailer Wickes avoids home improvement slowdown
Business has benefitting from sustained DIY interest and bursting trade order books
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
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
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
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
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
Premier Inn and Park Plaza hit by inflation and staff shortages
Hotels are struggling to recruit post-Brexit and afterthe pandemic
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
WH Smith could open more pharmacy counters in stores
The retailer is positioning itself as a ‘one-stop shop for all travel essentials’
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
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
Heathrow warns of looming ‘winter freeze’ as Covid losses pass £4bn
Demand for flights still remains ‘very volatile’ despite Easter break boost
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
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
Guinness launches cold brew coffee beer in the UK
The product has already proved successful in the US
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
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
Boots to flush plastic-based wet wipes from shelves by year end
The UK’s biggest pharmacy chain sells 800 million wipes annually