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By City AM Asda announces huge losses of £600m despite sales increasing by more than £1bn The Leeds-headquartered supermarket giant has posted a pre-tax loss of £599m for its latest financial year, having reported a pre-tax profit of £180.3m for 2023

Claire's Accessories puts itself up for sale with 281 shops at risk of closure

US-based owners of the retailer are said to be working with investment bank Houlihan Lokey to explore a sale amid subdued profits and the impact of higher import prices

Selfridges to sell rare vintage F1 clothing and watches in new in-store pop-up

Selfridges' Corner Shop will play host to F1 75 Years in Motion - a pop-up shop celebrating 75 years of Formula 1 - with a range of rare, vintage clothing and watches

Halfords to close some garages this year as it battles 'external forces'

The cycling and motoring retailer said it has identified a number of garages that are not able to provide the "level of customer experience to which we aspire"

Entrepreneur proves he's a chip off the old block swapping fish restaurant for jewellers

Wasim Mir has converted a former estate agent's offices in Gosforth to launch Mir Diamonds

Somerset Expansion approved for Haven Doniford Bay Holiday Park in Somerset Park to install 21 new caravans to boost local tourism

Character.com expanding its in store presence with backing from HSBC

Retail & High Street

The Swansea-bases licensed character has secured a seven figure funding line from HSBC ��Ƶ

Cafe Rouge and Bella Italia owner slashes losses after major job cuts

The Big Table cut its headcount from 4,236 to 3,531 in the 12 months to 27 October, 2024, new accounts filed with Companies House show. Over the same period, the group's pre-tax loss was slashed from £13.8m to £4.4m.

Halfords to close some garages this year as it battles 'external forces'

The cycling and motoring retailer said it has identified a number of garages that are not able to provide the "level of customer experience to which we aspire"

Asda announces huge losses of £600m despite sales increasing by more than £1bn

The Leeds-headquartered supermarket giant has posted a pre-tax loss of £599m for its latest financial year, having reported a pre-tax profit of £180.3m for 2023

Company Results Tissue Regenix confident in future having grown earnings The medtech business walked away from efforts to sell itself earlier this year.

Welsh universities facing a £18m annual hit from the rise in National Insurance contributions

Liberal Democrats

The Liberal Democrats said the £18m would be far better spent supporting teaching, research, and student services

FTSE 100 defence giant Babcock hails 'new era' as profits surge by 50%

The FTSE 100 company - which plays a significant role in supporting the ��Ƶ's nuclear submarine program - recorded an 11 per cent increase in revenue to £4.8bn

Closure of Sabic 'cracker' plant is major blow for North East industry

The plant dates back to the 1970s but its Saudi owners say it no longer viable

The best start-up firms in the South West revealed

The winners of the South West StartUp Award will now be entered into the ��Ƶ StartUp Awards

The Windrush generation: 'My business exists because of them'

Black Communities

Wilfred Emmanuel-Jones, founder of The Black Farmer, made the comments as the ��Ƶ marked Windrush Day 2025

��Ƶ handbag maker Mulberry in talks to raise £20m as losses widen

The struggling Somerset firm launched a turnaround plan in January and is hoping its strategy will return it to profitability

US giant Apollo to back Hinkley Point C with £4.5bn loan

The loan will be provided as unsecured debt to EDF, the French state-owned energy firm delivering the project

Walsall-based HomeServe plunges into loss despite crossing £1bn in sales

The Walsall-headquartered business has posted a revenue of £1.1bn for 2024 while it reported a pre-tax loss of £31.7m

Spectris agrees to £3.8bn takeover by Advent but KKR mulls rival bid

The FTSE 250 engineering group has agreed a 3.8 billion pound takeover by US private equity Advent, but KKR has confirmed it is in the "advanced stages of due diligence" and is considering a rival bid

Gas mask maker secures £10.2m MoD order for Ukraine war

Ministry of Defence

Avon Technologies said the equipment would be delivered in the 2026 financial year

Successful bidders to deliver two huge floating windfarms in the Celtic Sea revealed

The Crown Estate has named Equinor and a joint venture between EDF Renewables ��Ƶ and ESB as preferred bidders

Cornwall Airport Newquay car park plans and airport sale scrapped in major U-turn

The council's new administration has cancelled two proposals made by the previous leadership

Toyota sets aside millions in anticipation of ��Ƶ Supreme Court decision on motor finance case

The Financial Conduct Authority took the case to the Supreme Court last year after the Court of Appeal ruled in 2024 that the commission charged on motor finance agreements was unlawful

Successful bidders to deliver two huge floating windfarms in the Celtic Sea revealed

The Crown Estate has named Equinor and a joint venture between EDF Renewables ��Ƶ and ESB as preferred bidders

Airbus and Rolls-Royce among firms set to receive cash boost for green air travel projects

The joint government and industry funding is for cutting-edge aviation initiatives

£500m rails deal to bolster Scunthorpe steelworks, say Ministers

Transport Heidi Alexander said the contract "truly transforms" the outlook for British Steel and employees of the North Lincolnshire site