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Retail & Consumer
Asos and Boohoo to press on with US warehouse closures despite Trump tariffs
By City AM
The online retailers Boohoo and Asos said they would continue with plans to close their US distribution centres and serve US customers from the º£½ÇÊÓÆµ, despite the imposition of tariffs by President Donald Trump
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Historic tea firm Ringtons brews up solid sales despite inflation and rising costs
Food and Drink
The fifth generation joined the firm in 2023 and directors say they are now seeing tangible results from their arrival
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Watches of Switzerland share price dips as Peel Hunt slashes target amid economic uncertainty
By City AM
Shares in Watches of Switzerland have fallen by nearly 20 per cent since being dubbed 'Liberation Day' on April 2, with Peel Hunt downgrading the company's price target
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Lush to open first ever º£½ÇÊÓÆµ hotel as it passes Trump's tariffs onto US customers
By City AM
Lush has revealed plans for a new º£½ÇÊÓÆµ hotel as it detailed its response to President Donald Trump's tariffs amid the ethical cosmetics retailer sinking further into the red
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Pawnbroker Ramsdens upgrades profit expectations as high gold prices provide boost
Retail & High Street
Two new stores were opened in the first half of the year
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'Depressing' statement from award-winning bakery explains reason behind price increase
North West
The team at Long Boi's Bakehouse in Greater Manchester have told of the rising costs they face
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'Indie' bakery to launch apprenticeship scheme as it joins new town centre development
North West
Cotton, known for its coffee and baked goods, will open a cafeÌ and bakery in the Farnworth Green area
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Co-op Live reveals new expansion plans
Retail & Consumer
The proposed space will sit on the venue's south terrace and feature a cafeÌ, bar and kitchen, alongside a merchandise store
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Leading Newcastle bakery Pink Lane expands into former Greggs base
property news
Adderstone Group has aided Pink Lane Bakery's move, to add to the bakery's successful sites in Jesmond, Gosforth and Newcastle city centre
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Michael Kors to cut prices as sales suffer huge hit amid cost-of-living crisis
By City AM
Michael Kors, the luxury fashion brand, which is known for its high-end handbags, is to cut its prices, according to its º£½ÇÊÓÆµ arm's latest financial accounts
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Clintons returns to profit with £8m after major store closures and cutting 300 jobs
By City AM
Clintons has posted a pre-tax profit of £8m for the year to 29 June, 2024, according to new accounts filed with Companies House.
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Potato chips giant McCain doubles profit to nearly £100m in just three years
By City AM
The North Yorkshire-headquartered º£½ÇÊÓÆµ arm of the Canadian giant has reported a pre-tax profit of £98.7m for the 12 months to 30 June, 2024
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Family-run MOT garage used by generations of locals set to be turned into trendy new market
Commercial Property
Blossom Motor Company, on Gun Street in Manchester, set to become Blossom Market
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B&Q parent firm's CEO sees pay slashed by almost £4m amid profit hit
By City AM
Thierry Garnier, chief executive of Kingfisher, saw his pay drop from nearly £6m in the prior year to almost £2.3m for the 12 months 31 January, 2025
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º£½ÇÊÓÆµ brands Burberry and Watches of Switzerland see shares plummet after Trump tariffs
By City AM
The share prices of high-end retailers Watches of Switzerland and Burberry both slid today in the wake of Trump's tariff announcement.
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Pizza Express lands £55m chunk of extra dough after refinancing deal
By City AM
The restaurant chain has negotiated a £55m par debt paydown which will see its debt position reduced to £280m
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Co-op profit rockets ahead of supermarket 'trolley wars' as it reveals membership surge
By City AM
The Co-op operates in a number of areas including food retail, wholesale, funeral care, legal services and insurance
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Electrical giant Currys upgrades profit outlook as sales outperform
By City AM
The electrical retailer has told markets that adjusted profit before tax is now expected to be around £160m, versus previous guidance of £145m to £155m
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Unilever snaps up eco-friendly deodorant brand as it seeks to boost beauty business
By City AM
The terms of the deal were not disclosed, but it is believed to value Wild at £230m.
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Trespass owner sees profits slide as it operates in 'challenging' market
By City AM
New accounts for the business show turnover dipped slightly from £127.4m to £127.3m over the same period
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Supermarket price wars escalate as Tesco leads amid rising grocery costs
By City AM
The price of chocolate has been rising due to a global cocoa shortage caused by high temperatures and diseases in cocoa-producing regions
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Exeter Airport launches new flight route to Amsterdam
Transport
It is the first time in almost five years that Exeter Airport has offered direct flights to the European hub
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Thatchers Cider secures future of West Country supply with huge new orchard
Food and Drink
Workers at the cider company have been preparing the ground for around three years after the firm bought around 10 acres of farmland near its base in Somerset
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Pets at Home says profit fell in line with expectations and warns of struggles ahead
By City AM
The pet supplies retailer said profit before tax for the year was expected to be £133 million, in line with previous guidance, and that trading in the final quarter of the year had developed broadly as expected
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Retail & Consumer
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Retail & High Street
Ringtons keeping it in the family as business brews up changes under fifth generation
Eight years after first revealing how they were starting a succession plan, the new generation of directors are now in place
M&S chief executive's pay swells to more than £7m before cyber attack
By City AM
Stuart Machin took home just over £7m for M&S's latest financial year, up from the £5m he received for the prior 12 months, the retailer's annual report has revealed
Cornwall farm reports surge in demand for sustainable meat
Food and Drink
Treway Farm's sustainable methods were recently recognised at the Great Cornish Food Awards
Yo! Sushi loses more than £20m as owner is bought in £500m deal
By City AM
Delayed accounts show the sushi chain reported a pre-tax loss of £22.6m in the year to March 31, 2024, after its turnover totalled £138.3m for the same period
By City AM
M&S chief executive's pay swells to more than £7m before cyber attack
Stuart Machin took home just over £7m for M&S's latest financial year, up from the £5m he received for the prior 12 months, the retailer's annual report has revealed
Cornwall farm reports surge in demand for sustainable meat
Food and Drink
Treway Farm's sustainable methods were recently recognised at the Great Cornish Food Awards
Yo! Sushi loses more than £20m as owner is bought in £500m deal
By City AM
Delayed accounts show the sushi chain reported a pre-tax loss of £22.6m in the year to March 31, 2024, after its turnover totalled £138.3m for the same period
Manchester Arndale: 50% stake goes on market
North West
'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.
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Most Recent
By City AM
Vodafone completes £15bn Three merger and vows to invest £11bn in º£½ÇÊÓÆµ networks
The newly-created VodafoneThree will become the º£½ÇÊÓÆµ's largest mobile operator and has promised to invest heavily in the country's digital infrastructure in the coming years
Plans to restart mining 'critical' metal in Devon unveiled
South West
The announcement comes after an uncertain few months for the Tungsten West project
FTSE 100 defence stocks: BAE Systems, Rolls-Royce and Babcock shares surge
By City AM
Shares in Babcock have jumped by more than seven per cent so far today to pass the 1,000p mark for the first time since the end of September 2016, while BAE Systems has seen a rise in its share price by almost two per cent
Major new link road is opened to 'unlock' regeneration site
property news
The Parkside Link Road is being tipped to have an 'absolutely tremendous' impact
Ad Feature
Alliance Manchester Business School is redefining the future of business
º£½ÇÊÓÆµ
’This isn’t just a celebration, it’s a reckoning with what business must become. We’re here to challenge assumptions, not commemorate them’
Enterprise
Business births in Wales exceed deaths show new ONS data
The percentage of single site firms in Wales reporting a rise in revenues was also the highest of any º£½ÇÊÓÆµ nation or region
FTSE 100 defence stocks: BAE Systems, Rolls-Royce and Babcock shares surge
By City AM
Shares in Babcock have jumped by more than seven per cent so far today to pass the 1,000p mark for the first time since the end of September 2016, while BAE Systems has seen a rise in its share price by almost two per cent
IG Group pioneers crypto trading for retail investors as º£½ÇÊÓÆµ's first listed company
By City AM
IG Group has become the first º£½ÇÊÓÆµ-listed company to launch crypto trading to retail investors, with the FTSE 250 firm debuting the feature amid a surge in policy pitches meant to woo digital currency investors.
M&S chief executive's pay swells to more than £7m before cyber attack
By City AM
Stuart Machin took home just over £7m for M&S's latest financial year, up from the £5m he received for the prior 12 months, the retailer's annual report has revealed
HSBC pumps $4bn into private credit funds as banking 'arms race' intensifies
By City AM
HSBC has pumped $4bn into its asset management arm to spearhead a private credit pivot that will see the bank build a $50bn credit platform in the next five years.