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Leisure & Retail
Business

Morrisons second quarter sales drop 6.4%

Cost of living ‘inflationary pressure’ and ‘subdued consumer sentiment’ hit supermarket

Business

Moonpig revenues slip as customers return to high street

Bricks and mortar retailers re-opened as challengers to online brand

Business

Whitbread appoints Domino’s Pizza boss Paul CEO

Company owns brands including Premier Inn and Beefeater

Business

Walgreens abandons £5 billion Boots sale

Parent company blames global ‘market instability’ for change of heart

Business

TUI CEO Joussen resigns from holiday provider

Boss insists ‘existential crisis has been mastered’ following the pandemic

Business

Staff shortages cost hospitality £21 billion

Lack of available employees reaches ‘critical’ level as opening hours cut

Business

Naked Wines stock drops 35% as growth not ‘at any cost’

Business intends to trade ‘in or around breakeven’ this year

Business

Boohoo appoints The Trainline’s McCabe CFO following profits slide

He has been non-executive director at the fast fashion retailer since 2020

Business

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

Business

Chinks of light in the all-pervading economic gloom

Even in the darkness some businesses still insist everything is illuminated

Business

WHSmith trading boosted past pre-pandemic levels

Group expects full year profits will beat analyst expectations

Business

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

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

B&M shares slide as CEO prepares for exit

Finance head Alex Russo will replace boss Simon Arora at the high street retailer

Business News

Morrisons buyout of McColl’s probed by watchdog

Bid was contentious for retailer with supermarket beating EG Group

Business News

Boohoo weighs offer for Missguided

The process to identify a buyer for the company started in April

Business News

Authentic Brands Group in talks to buy Ted Baker

Reebok owner emerges as preferred bidder for high street fashion chain

Business News

DIY retailer Wickes avoids home improvement slowdown

Business has benefitting from sustained DIY interest and bursting trade order books

Business News

Sycamore drops out of race to buy Ted Baker

Unamed bidder will now move forward in the sale process

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

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