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Retail & Consumer

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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Sainsbury's warns on profit growth as it reports full year numbers
By City AM
The supermarket giant reported retail underlying operating profit of £1.036bn in the 52 weeks ended March 1, up 7.2 per cent from £966m last year
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Retail & High StreetRingtons keeping it in the family as business brews up changes under fifth generationEight years after first revealing how they were starting a succession plan, the new generation of directors are now in place
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
North WestManchester Arndale: 50% stake goes on market'Super prime city asset' has not been on market since 2005
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.
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.
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
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
Grand NationalUnforgettable corporate experiences await at The Jockey Club VenuesWith 15 venues across the º£½ÇÊÓƵ offering a vast array of indoor and outdoor spaces, you can host a business event with confidence
From fintech favourite to financial struggles: Starling Bank faces a tough road ahead
By City AM
Starling, Monzo and Revolut entered the banking scene over a decade ago - but as two continued their charge, one faltered - here's a look at the rise and fall of one of the º£½ÇÊÓƵ's most exciting fintechs
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
Rolls-Royce now worth more than £70bn as shares continue to rise
By City AM
Shares in the FTSE 100 giant ended Thursday, 22 May, priced at 839p which has given it a market capitalisation of £71bn
Dozens of º£½ÇÊÓƵ banks set to close next month – see how your local high street is affected
Professional Services
Interactive map shows where branches will shut
By City AMFrom fintech favourite to financial struggles: Starling Bank faces a tough road aheadStarling, Monzo and Revolut entered the banking scene over a decade ago - but as two continued their charge, one faltered - here's a look at the rise and fall of one of the º£½ÇÊÓƵ's most exciting fintechs
Entries open for celebration of West Midlands tourism
West Midlands
Sixth annual awards will recognise excellence across 17 categories including a new one for outstanding contribution
Partner content: Three charity law and governance updates you may have missed
North East
The Newcastle law firm has outlined some key updates from 2024 that charities need to be aware of
Tesla stock jumps after Elon Musk teases June robotaxi launch
By City AM
Tesla shares climbed two per cent in after-hours trading on Wednesday after reports emerged that the EV giant is preparing to launch its long-anticipated robotaxi service as early as 12th June
Best buildings unveiled as RIBA North East Awards 2025 winners are announced
property news
A top attraction, a 'Tardis-like' conservation centre, a converted listed former department store and a conserved micro-holiday home are among the winners