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Retail
09:55, 24 MAY 2023
Asda issues statement after being accused of threats to cut pay of 7,000 staff
North West
Asda is owned by the billionaire Issa brothers and TDR Capital
Bookmark
South West energy firms to pay £4m compensation for overcharging customers
Energy
Energy regulator Ofgem has said that Ovo Energy and Good Energy have overcharged almost 18,000 households
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Law firm Clarke Willmott advises Cornish Bakery on expansion
Retail
The business, based in Paulton, Somerset, plans to open new stores nationwide
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Bath publisher Future looks to its 'diverse' business model to navigate tough trading conditions
Company Results
The publishing group said it expects full year performance to be towards the bottom end of current market expectations
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Work has begun on Cotswold's first ever wine barn with opening planned later this summer
Food and Drink
Nailsworth-based Vinotopia Wine will open the luxury retail and foodie destination in the valley
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Record year for º£½ÇÊÓÆµâ€™s biggest Rolex, OMEGA, Cartier chain
Retail & Consumer
Watches of Switzerland says store openings planned despite ‘challenging trading environment’
Bookmark
Hinkley Point C to help Toolstation workers in Somerset find new jobs
Employment
More than 200 jobs are at risk at the hardware supplier’s warehouse in Bridgwater
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E.On Next, Good Energy and Octopus Energy pay £8m over compensation failures
Energy
Energy regulator Ofgem said the companies either missed or delayed payouts due when they did not provide a final bill within six weeks, as required when a customer switches supplier
Bookmark
Profits at JD Sports to pass £1bn as it celebrates record year
North West
JD Sports has also issued an update on the cyber attack it suffered earlier this year
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Company behind Anthony Joshua-backed muscle therapy and recovery brand Pulseroll enters liquidation
North West
Pulseroll's customers have included the likes of Sale Sharks, Burnley FC, Salford City FC as well as British Rowing and Leicester City FC
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JD Sports advert by YouTuber KSI banned by watchdog
North West
JD Sports said viewers would have known the post was an ad
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Volkswagen returns to Grimsby with JCT600
Automotive
Used cars to be sold from new base on Altyre Way motor village
Bookmark
Sales up, profits down at Shoe Zone – as store estate shrinks by 52
Retail & High Street
Profits were impacted by inflation, lower margins due to higher container prices and a weak pound
Bookmark
Northumberland coastal hub launches in time for a busy summer
property news
The first phase of The Links scheme at South Beach in Blyth has completed with three businesses now up and running
Bookmark
Andy Murray-backed Castore sets its sights on European expansion
North West
Castore was founded in 2015 by Wirral-based brothers Phil and Tom Beahon
Bookmark
Tobacco giant Imperial Brands' profits rise in half year results
Company Results
The Bristol-headquartered company reported that operating profits have soared by 27% to £1.5bn
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Boohoo slumps to £91m loss as the cost-of-living crisis squeezes shoppers
North West
During the year the number of people employed by Boohoo increased from 5,350 to 6,190
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Online building materials retailer returns to profit after ‘challenging’ year
Company Results
Plymouth-based CMO Group reported a rise in sales despite ‘industry headwinds’
Bookmark
Sygnet Group, in Leicester, bought by Birmingham printing and sign contractor Hollywood Monster
Deals
Hollywood Monster said the acquisition meant the entire 25-strong workforce at Sygnet Group had been retained
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Bristol brewery Dawkins Ales halts production amid ‘spiralling’ costs
Food and Drink
The independent microbrewery said its six pubs and bars in the city would remain open
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THG boss Matthew Moulding reveals why takeover talks with US private equity firm Apollo collapsed
North West
'I get excited about building and growing things, not spreadsheets'
Bookmark
THG ends takeover talks with US private equity firm Apollo
North West
THG's shares have dropped sharply after the news was announced
Bookmark
Studio Retail lost over £75m before rescue by Mike Ashley's Frasers Group
North West
The company has blamed supply chain issues and 'difficult market trading conditions'
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Regen plans for old Birmingham city centre bank
West Midlands
Santander closed its Union Street branch in 2019 and now new plans could see it turned into retail units and apartments
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