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Retail & Consumer
Yo! Sushi loses more than £20m as owner is bought in £500m deal
By City AM
Delayed accounts show the sushi chain reported a pre-tax loss of £22.6m in the year to March 31, 2024, after its turnover totalled £138.3m for the same period
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Manchester Arndale: 50% stake goes on market
North West
'Super prime city asset' has not been on market since 2005
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Asda reports 5.9% sales drop but sees 'good progress' under new strategy
By City AM
The Leeds-headquartered chain has reported a revenue - excluding fuel - of £5bn for the three months to 31 March, 2025, the first quarter of its financial year.
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Ghost Ship producer halves losses as commercial turnaround plan bears fruit
By City AM
Adnams, which is based in Suffolk, is known for its Ghost Ship ale as well as its range of spirits.
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Ringtons keeping it in the family as business brews up changes under fifth generation
Retail & High Street
Eight years after first revealing how they were starting a succession plan, the new generation of directors are now in place
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Fast fashion giant Shein eyes Hong Kong IPO as London listing stalls
By City AM
Shein is reportedly working towards a Hong Kong initial public offering (IPO) after failing to secure approval from Chinese regulators for its London listing
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Pets at Home sees starkly diverging performance in retail and vet services
By City AM
Pets at Home has announced its full-year results, with the group's retail sales and vet services showing a stark divergence, as the retailer faces a 'challenging º£½ÇÊÓÆµ consumer backdrop'
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B&Q owner Kingfisher sees strong º£½ÇÊÓÆµ sales but French troubles continue
By City AM
Kingfishjsoner, which operates 1,900 stores across seven European countries, said total sales rose 1.8 per cent to £3.31bn in the three months ended April 30.
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Ocado crowned Britain's fastest growing grocer as º£½ÇÊÓÆµ faces highest grocery inflation in over a year
By City AM
Grocery inflation shot up to 4.1 per cent in May, driven by chocolate and suncare products in the hottest start to the month on record
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Boutique bowling company Lane7 plans huge entertainment centre in Leeds
property news
The North East competitive socialising expert is set to convert a former Wilko store in the city
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Twinings Tea: Profit at º£½ÇÊÓÆµ's most famous tea brand jumps to almost £100m
By City AM
New accounts filed with Companies House show the London-headquartered tea brand's revenue increased from £226.7m to £234.3m in the period
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Adidas hit by major cyber attack as customer details exposed
By City AM
The sportswear giant said the cyber attack, which exposed customer details, was caused by unauthorised access to a third party customer service provider
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Monsoon and Accessorize owner slumps into the red as sales fall
By City AM
Adena Brands, the owner of both Monsoon and Accessorize, slumped to a pre-tax loss of £7.5 million for the 12 months to 31 August, 2024, according to new accounts
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Home Bargains opens two new stores in Wales in a £12m investment
Home Bargains
It has opened new stores in Cardigan and Newport
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Newcastle fashion entrepreneur turns hobby into £200,000 venture
SMEs
Scott Whitehead has always been a entrepreneur at heart and says he has wanted to run his own retail business since his school days
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º£½ÇÊÓÆµ retail sales rise as Brits flock to supermarkets and DIY shops during heatwave
By City AM
The Office for National Statistics said overall retail sales volumes rose by 1.2 per cent in April as shoppers flocked to supermarkets, DIY stores and garden centres
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Betty's & Taylors Group hits record £319.2m turnover as Yorkshire Tea sales surge
By City AM
Betty's & Taylors Group, which has been in business since 1886, has reported a turnover of £319.2m for the 12 months to 31 October, 2024
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Richard Caring's Sexy Fish among top restaurants hit by losses as it heads for £1bn sale
By City AM
Accounts for Caprice Holding, the part of billionaire Richard Caring's empire that includes Sexy Fish and The Ivy, show a pre-tax loss of £5.9million in 2023
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High street chain Comet to make a comeback after 13 years – led by a Greater Manchester entrepreneur
Retail & High Street
Cas Paton, founder of OnBuy, said he planned to pump more than £10m into bringing back Comet - complete with its original branding
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Crisp brand hits out at Rachel Reeves' tax hikes as it issues warning to Brits
By City AM
Seabrook, which is owned by Japanese food group Calbee, said its º£½ÇÊÓÆµ arm expected to be hit by the jump in the National Living Wage and employers' National Insurance contributions, which came into effect in April
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Poundland set to be sold by Pepco for just £1 as discount retailer struggles
By City AM
Poundland has been put up for sale by parent company Pepco after it said the business continued to face "challenging trading conditions" and that it was "actively exploring" exit options
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Hisense: Chinese electronics giant's º£½ÇÊÓÆµ arm sees sales surge by over £70m
By City AM
Newly filed accounts show the Leeds-headquartered division generated revenue of £373.8m in the 12 months to December 31, 2024 - up from the £300.4m figure in 2023
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All Bar One owner Mitchells & Butlers sees profit surge, outperforming market expectations
By City AM
The pub chain, which also owns Harvester, said it had outperformed the market by more than 3% in the first half of the year
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Tate & Lyle declares 'transformation complete' as it lifts profits after CP Kelco deal
By City AM
Tate & Lyle has posted a rise in profits and free cash flow for the year to 31 March 2025, as the FTSE 250 firm integrates its $1.8bn acquisition of ingredients maker CP Kelco
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