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Leisure & Retail
Business
1m

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

JD Sports slapped with £1.5 million fine for price fixing

Elite Sports was also handed a fine of £459,000, while Rangers was fined £225,000

Business

Aldi heralds ‘unprecedented’ consumer behaviour as millions switch

Higher costs meant profits at the supermarket were significantly lower last year, despite higher sales

Business

Furniture retailer Made up for sale

Last month the online platform sought eleventh hour financial bail out

Business

Lidl to become highest-paying supermarket after biggest-ever pay rise

The move means Lidl has increased pay between 10% and 14% over the past year

Business

JD Sports profits dip but ‘optimistic’ despite economic headwinds

Newly installed boss Régis Schultz looks for growth and international market share grab

Business

Moonpig back to basics as greetings card business takes priority

Offering has a ‘demonstrable track record of being resilient’ in harsh economic times

Business

Mattress company Eve Sleep says sales are down 18%

The company has commenced a potential sales process and is exploring alternative financing options in a bid to stay afloat

Business

Fuller’s calls for help as energy bills double

The firm has seen its electricity and gas bills grow 125% to £18 million

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

Heineken warns publicans of 6% draught rise

Hike will increase pressure on Britain’s already stretched hospitality industry

Business

Puresport pulls in £1.3 million from crowdfunding campaign

Smart drugs business secured backing from more than 300 investors

Business

High end fashion brand Mulberry appoints Roberts as chairman

He will succeed industry veteran Godfrey Davis who will  take up advisory role

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

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

Business

Cineworld blames lack of blockbusters after ticket sales disappoint

‘Top Gun: Maverick’ has been one of the few major releases in the first half of 2022

Business

Reebok owner Authentic Brands buys Ted Baker for £211 million

UK fashion retailer said it was facing the “risks of the uncertain economic environment”

Business

Hospitality demands Government action on rising business costs

Letter addressed to Prime Minister Boris Johnson calls for urgent action on stinging bills

Business

Portmeirion snatches AromaWorks London from administrator

Stoke-On-Trent based business bought Reading-based essential oils retailer for £440,000

Business

Sparkling results for Lord Ashcroft’s wine firm

British land used to grow vines has increased 70% in the last five years