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Retail & Consumer

Starbucks franchise more than doubles profit and sales ahead of takeover
By City AM
23.5 Degrees has reported a turnover of £93m for the 12 months to 31 August, 2024, up from the £83.5m it achieved in the prior period
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The Ivy owner Richard Caring slashes workforce as £1bn sale discussions continue
By City AM
The billionaire owner of the high-end restaurant chain has been considering a £1bn sale and the group has now published its financial accounts for 2023, seven months after the Companies House deadline
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Liverpool hotels to bring in new £2 nightly charge for guests as BID hopes to raise millions to back visitor economy
Hotels
The charge was supported by 26 votes to 18 against on a 53% turnout and it will be introduced this June
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Newcastle gastropub The Earl of Pitt Street closed with debts of more than £1.4m, documents show
Finance
The bar and restaurant closed its doors after more than 10 years of trading
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Steak restaurant with sites in Bristol and Cardiff collapses into administration
Insolvency and Administration
Steak of the Art was founded by former management consultant Stephen Bowen
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Why Manchester should be º£½ÇÊÓƵ's national centre for online retail excellence
Tech
Manchester Digital calls for National Centre of E-Commerce Excellence to be set up in city
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M&S shares fall as cyber attack affects contactless payment and click and collect
By City AM
The FTSE 100 retailer said the cyber incident - which it first disclosed to the public on Tuesday - has affected some services
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Fevertree boss nets £1m payday after striking 'transformational' deal
By City AM
Tim Warrillow, the chief executive and co-founder of Fevertree, has been rewarded with a pay packet of more than £1m after striking a deal with Molson Coors
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º£½ÇÊÓƵ retail sales surge by 1.7% year-on-year, marking fastest growth since 2021
By City AM
Retail sales volumes rose by 0.4 per cent in March 2025, following 0.7 per cent rise in February, according to the Office for National Statistics
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Postmaster's plea to bring bank back to community
Retail & Consumer
Paul Coughlan, who has worked in post offices across Greater Manchester for 40 years, says the lack of bank facilities in Royton is 'devastating' for residents and businesses
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Asos shares drop despite online giant narrowing losses in turnaround plan
By City AM
Asos' share price has fallen by more than 94 per cent since its pandemic high in April 2021, and despite narrowing its losses, it still has a long way to go in its turnaround plan
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Domino's reports order growth and expects 'minimal impact' from Trump tariffs
By City AM
Domino's said that total sales rose 2.1 per cent to £393.3m in the first quarter of 2025, from £385.2m in 2024, while total orders rose 0.5 per cent to 17.8m, from 17.7m in 2024
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St Austell Brewery launches scheme to slash pub waste
Climate Agenda
The company is aiming to reduce general waste across its managed pubs by 80 per cent
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Utilities firm slammed as thousands in Devon remain without water
South West
South West Water has said engineers are working to fix the problem
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Devon bakery chain to sell assets in bid to save shops from permanent closure
Insolvency and Administration
The Crusty Cob said reduced consumer demanded and rising business rates had put it under 'financial strain'
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M&S £10m superstore approved again as councillors say 'we need to be backers not blockers'
North West
The contentious proposal for a £10.1million Marks and Spencer food hall on the Issa brothers' Frontier Park has been approved again after councillors rejected an alternative scheme
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How we convinced Andy Murray to invest in our sportswear brand: Castore founders speak
Andy Murray
Castore co-founder Tom Beahon has opened up on how he and his brother Phil managed to get tennis legend to back their sportswear brand
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Matalan secures £25m funding boost from investors to ‘accelerate investment’
Retail & Consumer
Invesco, Tresidor, Man Group and Napier Park back growth plans
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The freezer as big as a warehouse – inside Iceland's £100m distribution hub that supplies hundreds of stores
Commercial Property
Site at Warrington's Omega hub employs hundreds of workers
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Historic department store celebrates 250 years in business
Retail & High Street
Hatchers is owned by the Somerset-based Hill and Raisey families
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Greene King-backed Hickory’s to open 10 restaurants a year
Restaurants
There are plans to triple the size of the business by 2030
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Gatwick, Stansted and Manchester worst for delays among º£½ÇÊÓƵ airports
Transport
The average delay for flights last year was 18 minutes and 24 seconds
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Lanchester Group profits fall amid global disruption and rate rises
Food and Drink
The group comprises a range of business including Lanchester Wines, Greencroft Bottling, Lanchester Properties and Full Circle Brew Co
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Dunelm warns of uncertainty ahead despite 'strong' sales growth
By City AM
The home furnishings retailer saw "strong sales" in the third quarter, with the group generating over six per cent growth across its homewares and furniture categories
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