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Retail & Consumer

Historic cider maker Thatchers posts record sales after Aldi legal battle win
By City AM
The Somerset-based business has been established for over 100 years and is currently run by the fourth generation of the Thatchers family, which is chaired by Martin Thatcher
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Energy bills set to soar by more than £110 in latest rise
Retail & Consumer
The new rates will start on April 1
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Devon soft play company to create 20 jobs after securing funding
South West
The business was established in 1998 and has experienced 'significant' growth over the last 12 months
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Shein profit slumps by 40% ahead of London IPO as rival battles for market share
By City AM
Singapore-based Shein reported a 39 per cent drop in net profit for 2024, to $1bn, on Sunday, well below its forecast of $4.8bn. The company is due to list in London this year
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Just Eat Takeaway.com sees shares rise as tech firm makes £3.3bn offer
By City AM
The Amsterdam-based private equity firm said it intends to launch the offer "as soon as practically possible", which the company said was likely to be in the second quarter.
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Lewis Hamilton's Ferrari move has unexpected financial impact on team
By City AM
Lewis Hamilton's impact at Ferrari has been laid bare by the Italian team's Formula 1 merchandise sales, which have surged by almost 400 per cent in the wake of the seven-time world champion joining the team
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B&M shares tumble as it cuts profit guidance and announces CEO exit
By City AM
The retailer said it expected earnings before interest, tax, depreciation and amortisation to be in the range of 605 million pounds to 625 million pounds, down from 620 million pounds to 650 million pounds.
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Fashion firm Barbour launches second clothing collection with TV star Alexa Chung
Fashion
Barbour has previously worked with famous names including ceramics designer Emma Bridgewater, House of Hackney and film director Sir Ridley Scott
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º£½ÇÊÓƵ stocks bounce back as high street brands Asos and Primark struggle
By City AM
º£½ÇÊÓƵ stocks have started to outperform high streets brands once again as investors bet on a luxury upswing.
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New Look to close all stores in Republic of Ireland in 'difficult but necessary' decision
By City AM
The high street retailer's Irish arm has entered into redundancy following years of losses at the high street chain, which will see all its stores close in the Republic of Ireland
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New Lidl supermarket to be built on edge of Somerset town
South West
The new store will be built on the southern side of Carnival Way at growing Bridgwater development
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Andy Burnham wants 'proper levy' on tourist hotel stays in Greater Manchester
North West
The mayor wants to see the city centre's unofficial 'tourist tax', an optional fee called the 'city visitor charge', replaced by a mandatory scheme
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º£½ÇÊÓƵ retail sales beat expectations in January amid discounting
By City AM
Retail sales volumes rose 1.7 per cent in January, following a fall of 0.6 per cent in December, according to the ONS, as discounting encouraged shoppers to spend
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Drayton Manor's profits slide for fourth year as theme park hit by wet weather
By City AM
Drayton Manor, which is based in Staffordshire, has reported a pre-tax profit of £1.2 million for the year to 30 September, 2024, down from the £2m it posted for the prior 12 months
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Decking firm Lakeland Verandahs celebrates Dubai sky pool contract as it plans £1m Middle East push
Cristiano Ronaldo
Family firm wants more export success after celebrating 'Instagrammable' Aura Skypool contract
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Newcastle shopping destination Eldon Square appoints new director
Retail & High Street
Helen Cowie's arrival coincides with an investment programme which includes new arrivals such as Next, Flight Club and Freight Island
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Quiz enters administration as 23 stores close putting 200 jobs at risk – full list of shops closing
Fashion
The move comes after the retailer said in January that it was seeking emergency funding as it was at risk of running out of cash by the end of March
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Crazy golf course themed around Blackpool history wins support
Retail & Consumer
The course would be built on Fleetwood Road in Norbreck and would feature a heritage theme based on Blackpool's history
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Burberry set to re-enter FTSE 100 in major milestone after share price doubles
By City AM
The luxury brand fell out of the FTSE 100 in its September quarterly reshuffle last year after its share price dropped nearly 75 per cent in 16 months
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Very Group returns to profit despite drop in sales
Economic Development
Merseyside-headquartered business includes Littlewoods and is chaired by former Chancellor
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Subway expands menu in major revamp as it faces fierce competition from Greggs
By City AM
The fast food giant is set to trial a customisable jacket potato in 170 º£½ÇÊÓƵ stores in a bid to boost sales, with the new menu item available to order from today
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Wetherspoons boss warns prices 'certain to rise' following national insurance hike
Food and Drink
Sir Tim Martin has criticised "modern politicians" as businesses prepare for tax increases
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Lurpak maker Arla Foods eyes cuts as it battles rising prices and 'consumer uncertainty'
By City AM
Arla, which is owned by 9,400 farmers across Europe, has a large presence in the º£½ÇÊÓƵ
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Jet2 expects profit boost but warns of £45m hit from green levies and tax rises
Climate Agenda
The delivery of a number of new Airbus aircraft has also been delayed, which will incur additional operational costs
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