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Retail & Consumer

Rolex, Patek Philippe and Omega at risk as US-Switzerland trade talks go down to the wire
By City AM
Swiss watches are facing a 31 per cent tariff on US exports from July 1, but the country is locked in negotiations to avoid this scenario and save the luxury watch industry from chaos
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Investors optimistic as Burberry shares climb 8% after reporting first loss since financial overhaul
By City AM
The luxury fashion group reported a reported operating loss of 拢3m for the 52 weeks ended March 2025, its first loss in over a decade
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M&S to claim up to 拢100m from cyber insurance policy after major data breach
By City AM
Marks and Spencer is set to claim as much as 拢100m from its cyber insurance policy after a major data breach that disrupted operations and led to the theft of some customer data
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Papa Johns boss says 'we're no longer losing money' - but issues warning over 'perfect storm'
By City AM
In an exclusive interview on the latest episode of City AM's Boardroom Uncovered podcast, Chris Phylactou also urged Chancellor Rachel Reeves to "start giving some relief to businesses"
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Guy Ritchie opens smokehouse restaurant at Dorset airfield
Food and Drink
Lore of the Sky will serve Texas-inspired barbeque food and local Dorset and Wiltshire beer, ale and cider
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Couple invest 拢50k to open tiny pub in front room of their house
Food and Drink
Hazel and Andrew Smith spent six months converting the space into a taproom that can host 20 people
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On The Beach boasts hike in profit as holidaymakers flock to book trips
By City AM
The Manchester-based business has benefited from a tie-up with Ryanair amid booming demand for European holidays.
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British pub chain Marston's swings back into the black amid demand spike
By City AM
The pub chain, which swung to a half-year profit, said trading has been "strong" across its managed and franchised estate amid higher demand
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Giffords Circus founder returns to lead business in 25th year
Appointments
The traditional travelling circus is currently touring the south of England with its Laguna Bay tour
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Brent Cross shopping centre in London taken over in 拢200m deal
By City AM
The deal will see Hammerson raise its stake in the shopping centre to over 90 per cent
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Burberry shares surge as US-China tariff deal boosts luxury market
By City AM
The luxury giant's share price rose more than six per cent in early trades. It has risen nearly 20 per cent in the last month
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Pizza Hut firm owed staggering amount before being rescued
By City AM
The company behind Pizza Hut's restaurants in the 海角视频 was rescued from collapse in January, but a new document has revealed the amount it owed before the deal
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Historic Bath building to be transformed into Wetherspoons pub
Food and Drink
The council has granted the pub chain listed building consent to turn the former Revolution premises on George Street into a pub
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Zara boss calls for crackdown on tax loophole used by Shein and Temu
By City AM
The head of Zara's parent company has called for a US-style crackdown on shipments of small goods in Europe to "level the playing field" between Chinese and European firms
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Boss of restaurant chain Steak of the Art on future of Bristol site
Restaurants
Steve Bowen spoke exclusively to Business Live about fighting to keep his Bristol restaurant open for business
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Ray-Ban owner issues warning after sales fall in 海角视频
By City AM
Luxottica Group, the owner of Ray-Ban, has issued a warning over its performance this year after its 海角视频 sales and profit fell in 2024
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Travis Perkins names new CEO after torrid year and shares slump
By City AM
The newly-appointed chief executive officer will have his work cut out to turn around the fortunes of construction supplies giant Travis Perkins following a torrid 2024
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Card Factory rings up rises in sales and profits against inflationary backdrop
Retail & High Street
The retailer opened 32 new stores on a net basis, boosting its estate to 1,090
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M&S, Harrods and Co-op cyber attacks exposes 海角视频's true cyber security risks
By City AM
A recent string of cyber attacks on 海角视频 retail giants, including M&S, Harrods and Co-op, have exposed growing concerns over cyber security readiness at British businesses
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H&M buys stake in e-commerce firm Centra as it bids to deepen relationship
By City AM
The stake, which is less than 10% of the firm, values Centra at more than 500 million Swedish kronor
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JD Wetherspoon continues to sell off pubs despite jump in sales
By City AM
The pub giant has sold off seven of its pubs since the start of the year, despite opening only two new ones, it said in a trading update today.
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Clipper tea owner sees profit soar to 拢71.6m following KP Snacks deal
By City AM
Kallo Foods, whose products also include Kallo and Mrs Crimbles, sold the brand towards the end of 2024 for a then-undisclosed sum
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The Range opens more superstores in old Homebase outlets
Retail & High Street
The retailer is planning to open up to 10 new branches a month
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Kingsmill-owner ABF confirms merger talks with rival Hovis
By City AM
Allied Bakeries owner Associated British Foods (ABF) has confirmed it is in talks with rival Hovis about a possible merger, in what would create the 海角视频's largest bread maker
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