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Retail & Consumer

Etihad Airways profits soar by 50% as passenger numbers rise despite global aircraft shortage
By City AM
The UAE flag carrier said it flew 8.7 million passengers in the six months to June, a 38% year-on-year increase that helped it to a post-tax profit of £183 million
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Family brewer Joseph Holt launches hotels arm as demand grows for accommodation at its pubs
Hotels
Hotels by Holt is investing in pubs across the region
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Revolution Bars secures High Court approval of restructuring plan to stave off potential collapse
Food and Drink
Lawyers had warned business was likely to 'run out of cash' in August
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Asda sees sales decline in battle with big supermarket rivals
Retail
The Leeds business has lost market share to the likes of Tesco, Sainsbury’s and Morrisons but is investing in its staff in a bid to bounce back
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Popular Tyneside brewery bought by new owners after falling into administration
SMEs
Anarchy Brew Co went into administration on August 1 but all jobs have been saved following the pre-pack deal
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Sir Richard Branson's Virgin Records sees profit more than double in a year
By City AM
Virgin Records, which was set up in 1972 by Sir Richard Branson, Simon Draper, Nik Powell and Tom Newman, has reported a pre-tax profit of £76.9m for 2023
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BT shares take a hit as market turbulence raises concerns about the FTSE 100 company's future
By City AM
BT shares have tumbled in early deals this morning as investors started to worry about the outlook for the FTSE 100 company
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Pinewood Studios' turnover surges almost 40% ahead of Marvel's The Fantastic Four
By City AM
The group behind the iconic studio said that it currently has 18 productions on site across its sites and that it expects activity to pick up throughout the year
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Vodafone advances £3.4bn shareholder return plan with new £430m buyback amid strategic overhaul
By City AM
The move comes after the FTSE 100 firm said in March it would return €4bn to shareholders as part of a broader capital allocation review following asset sales
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Coca-Cola HBC AG boosts full-year outlook amid robust sales growth in emerging markets
By City AM
The bottling giant behind Coca Cola and other major soft drinks reported revenue growth of 3.1 per cent in the six months to 24 June
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Thames Water hit with more Ofwat special measures after credit rating downgrade
By City AM
The water company could face further action after Ofwat hit the firm with a raft of new measures after its credit rating was downgraded
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Supermarket giant Iceland cuts 1,000 jobs despite soaring to £4bn sales
By City AM
Iceland opened seven new stores in the º£½ÇÊÓƵ during the year and closed 36, reducing its estate to 968
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London's RedCat Pub Company rebounds with £61m refinancing after administration challenges
By City AM
RedCat Pub Company, which was founded and is chaired by former Greene King chief executive Rooney Anand, has completed a refinancing of its current debt facilities
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Teesside financial services group Ramsdens raises profit forecast as strong trading continues
Retail & High Street
CEO Peter Kenyon says the firm's Ramsdens Mastercard Multi-Currency Card has performed well since its launch
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º£½ÇÊÓƵ retail sales rebound in July with a boost from summer weather and Euro 2020
By City AM
Retail sales increased by 0.5 per cent year on year in July, up from the three-month average growth rate of 0.3 per cent, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor
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Glencore settles Swiss bribery case with £119m fine over Congolese mining deals
By City AM
Swiss authorities have ordered Glencore to pay a fine and compensation totalling around £119m, resolving a probe into the bribery of a Congolese public official by its business partner in 2011
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Healthy snack company secures £1.5m from investors including Graze boss
Food and Drink
Boundless is a nuts and seeds retailer founded in Bristol in 2017
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Turtle Bay reports record turnover despite challenges in London and Midlands
By City AM
Turtle Bay was founded in 2010 and now has more than 40 venues across the º£½ÇÊÓƵ, with a menu that includes Caribbean-inspired dishes such as jerk chicken, curried goat and burgers
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Sunderland shopping centre The Bridges snapped up by new owners
property news
The acquisition marks the fourth in the North East for growing property investors Evolve Estates
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Investment group DCB Sports eyes takeover of Beckham-backed Guild Esports following funding crisis
By City AM
Guild Esports, the gaming company part-owned by former England football captain David Beckham, has received a takeover offer after it warned last week it was facing a financial crisis
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Devon drumming workshop owner urges government to provide more 'safe trading spaces'
South West
Natasha Vigille has called on the new Labour administration to address 'extortionate' business rates
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English wine producers see turnover grow 15% in a year as investors flock to the grape fields
By City AM
Investment into the sector has been driven by a "desire to diversify production away from areas where crop yields are being damaged by climate change"
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Elon Musk eyes º£½ÇÊÓƵ move for Tesla's household energy supplier as tech giant hires top exec
By City AM
Tesla has hired a new head of operations to help lead the launch of its household energy supplier as Elon Musk presses ahead with his vision for houses to have a "virtual power plant" of batteries
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Sandwich Sandwich eyes further London openings - but boss says 'Bristol is soul of business'
Food and Drink
The award-winning rival to Pret has attracted attention from celebrities including Gordon Ramsey and Jamie Oliver
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