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East
11:10, 5 MAY 2022
Primark to hike prices on clothes as business costs rise
Retail & High Street
The fashion chain has warned it will make "selective" increases as pressures from inflation start to bite
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Burger King to open 200 more º£½ÇÊÓÆµ restaurants as profits recover and sales surge
Food and Drink
The fast food chain said its improved results were as a result of its continued expansion strategy
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Asda to invest more than £73m to cut prices and increase hourly pay
Asda
The supermarket giant is owned by the billionaire Issa brothers and TDR Capital
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Co-op to scrap use-by dates on own-brand yoghurts in bid to reduce food waste
The Co-operative
The Co-op has said the move is an industry first
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º£½ÇÊÓÆµ housing market: Property sales fall in March by more than a third on year earlier
property news
But it is still one of the strongest sales months seen in March in recent years, according to HMRC
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Covid: Fewer than half of companies cut executive pay in response to pandemic
Coronavirus
Research from the High Pay Centre found the firms that did reduce the pay of bosses had more women directors
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Inflation reaches 30-year high after hitting 7% mark in March
Economy
The rate of inflation is expected to rise higher when increasing power bills are added in next month
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Deliveroo sales rise as customers grow but spend per order falls
Technology
The listed company faced tough comparisons from a year earlier when restaurants were shut due to the pandemic
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Asos braced for £14m hit from quitting Russia after falling to half-year loss
Retail
Sales still rose by 1% to £2bn in the six-month period
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BT to hand out biggest pay increase for more than 20 years to 58,000 workers
BT
The group said the move is 'focussed on the lowest paid workers'
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Home Bargains creates more than 2,000 jobs as sales pass £3bn
North West
The company added it expects to report a further growth in turnover and profits for its current financial year
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Profits slashed at the Co-op as supply chain disruption and investments hit margins
The Co-operative
Total group revenue increased by £300m compared to 2019 but was down by the same amount on 2020
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Surge in used car sales helps Lookers to record year as profits hit £90m
Retail
The owner of WeBuyAnyCar.com and Cinch acquired an almost 20% stake in Lookers in January
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What's next for 46 'lost' department stores including Debenhams, Woolworths, House of Fraser
Retail & Consumer
The Departing Stores: Emporia at Risk report highlights the plight of the department stores in the face of changing shopping habits and what is being done to save them
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Ryanair set for loss of at least £294m - but says passenger numbers are recovering
Ports & Logistics
Budget airline said number of fliers was still down a third on pre-Covid figures
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Sofa Workshop collapses into administration with loss of 77 jobs
Retail & High Street
All existing orders will be fulfilled , say appointed administrators at PwC
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Average º£½ÇÊÓÆµ house price soars by more than £33k in one year
property news
Nationwide said it was becoming harder for homeowners to trade up, with price gaps between property types at a record high
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London and East of England finalists for the StartUp Awards National Series revealed
Awards
The winners will be revealed n June
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Pandemic pet boom: The º£½ÇÊÓÆµ companies turning a passion for animals into serious business
Retail
From food to fashion accessories to wearable tech, the º£½ÇÊÓÆµ pet market is thriving - and these firms are reaping the rewards
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Rishi Sunak's spring statement - tell us what you think of the Chancellor's plans for business and fuel costs
Rishi Sunak
Take our short survey on the Chancellor's plans for the economy
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Rishi Sunak's spring statement - key points you need to know as fuel duty and income tax cut
Rishi Sunak
Other measures include changes to employment allowance for small businesses
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Fuel duty cut by 5p per litre in Rishi Sunak's spring statement
Economic Development
Reduction will be implemented at 6pm tonight and will last until March 2023
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Horiba MIRA vehicle test site strikes deal with tech firm Ceres to build hydrogen power testing facility
Automotive
Multi-million pound agreement underlines Horiba MIRA's growing status as a 'premium provider of testing-as-a-service'
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Rightmove says º£½ÇÊÓÆµ average house price now at £350,000
property news
Sellers were typically asking £354,564 for a property in March
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