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Retail & Consumer

Losses widen at luxury Shangri-La Hotel at The Shard - but bosses eye improvement
By City AM
The company behind the luxury Shangri-La Hotel at The Shard has reported a pre-tax loss of 拢7.3m for 2023, according to newly-filed accounts with Companies House
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High street cafes and shops to bear the brunt of national insurance increase, study shows
By City AM
Independent high street shops could take the brunt of the national insurance hike, a new analysis has found
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Why 海角视频 diesel and petrol prices are still sky high despite recent fall
By City AM
The Competition and Markets Authority (CMA) said that fuel prices decreased in the period because, in part, of the changing crude oil prices and refining spreads, both of which are driven by global factors
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Dunelm boss breaks ranks to say that a rise in living wage is good for the company
By City AM
Nick Wilkinson said the resulting increase in consumer confidence - due to higher disposable income - will ripple through the market and boost demand for the firm
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Travelodge warns of 拢21m cost hike after Chancellor Rachel Reeves' Budget
By City AM
The budget hotel group said costs will increase by 拢21m in 2025 due to the combined impact of another minimum wage hike in April and a higher rate of employer national insurance
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Ocado and Morrisons recalibrate partnership, focusing on AI-driven in-store tech
By City AM
Morrisons will "gradually cease" deliveries from Ocado's Erith fulfilment centre in the south east, the online shopping business said in a statement this morning
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Dr Martens losses mount but shares rise as analysts see better times ahead
By City AM
Dr Martens swung to a pre-tax loss in the first half and revenue declined by more than expected, but the boot-maker's shares spiked as analysts saw better times ahead
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Boss of Cornwall's Prima Bakeries dies aged 60
South West
Mark Norton's family took over the bakery group in 2010
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Restaurant chain Loungers snapped up by private equity firm in 拢340m deal
Deals
The Bristol-founded hospitality group posted a rise in profits as it made the announcement
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New McDonald's proposed for Bolton could bring 80 jobs
North West
Drive-thru would be chain's eighth outlet in the town
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New park-and-ride site needed for workers on huge 13-mile water tunnel scheme after change of plan
North West
Construction of the park-and-ride site aims to help to reduce the number of vehicles on the roads travelling to and from the Haweswater Aqueduct project
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Wizz Air ad that claimed it is 'one of the greenest' airlines is banned
Google
The low-cost airline says it is making significant efforts to decarbonise
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easyJet expands at Liverpool with 8th aircraft and new European destinations for 'leisure and business travel'
easyJet
Airline will base an additional plane at the airport from next summer
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Tesco and Sainsbury's loyalty schemes help shoppers save, says regulator
By City AM
The Competition and Markets Authority has been investigating loyalty schemes at major supermarkets including Tesco, Sainsbury's, Asda, Morrisons and Waitrose since November last year
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Just Eat announces delisting from London Stock Exchange
By City AM
The company cited the high costs, administrative burden, and complexity of the disclosure and regulatory requirements required to maintain a London listing. It also highlighted the low liquidity and trading volumes of its shares.
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Mitchells & Butlers issues profit warning as All Bar One owner faces 拢100m tax hit
By City AM
The All Bar One and Toby Carvery operator has warned that a string of tax changes outlined in Labour's first Budget at the end of October will lead to a 'sharp increase in wage costs'
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Pets at Home forecasts slower growth amid cautious consumer spending and Budget impacts
By City AM
The retailer said it was a "resilient performance against a declining retail market" and reflected with "the previously flagged impact of our new digital platform transition"
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The Beefy Boys to open fourth restaurant in Bath
Food and Drink
The popular BBQ eatery is expanding into Somerset
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Asda announce return of former boss to succeed Lord Stuart Rose
Retail
Allan Leighton will return to the grocery giant after 24 years
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Scotland's Tunnock's saw profits quadruple despite chocolate crisis in Africa
By City AM
Tunnock's has reported a pre-tax profit of 拢4m for the 12 months to 24 February, 2024, according to newly-filed accounts with Companies House
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Retail chief warns of return of inflation after tax-raising Budget
By City AM
Shop prices remained in deflation in November, down 0.6 per cent month on month, up from deflation of 0.8 per cent in the previous month.
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AO World announces double-digit growth ahead of musicMagpie deal
By City AM
The electrical retailer said it has maintained its "laser focus" on costs and efficiency, with a strong performance in its core business and good progress being made in new categories
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Halfords faces 拢23m cost impact from Budget changes but maintains 2025 guidance
By City AM
In its latest interim results, the retailer said that the combined effect of policies announced in the Budget would put up costs by around 拢23m, of which around 拢9m was already fully mitigated
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Hammerson adds Odeon cinema to Bristol Cabot Circus
Retail & High Street
The cinema brand is the latest signing at the city centre shopping complex
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