Bakery chain Greggs has continued to see a strong trading performance in the first four months of the year, with a 5% rise in sales driven by both service and product initiatives.Greggs, which has an estate of 1,650 outlets throughout the country, added 24 new shops in the period and...
Handbag and accessories maker Radley has appointed Justin Stead as their new company CEO to start May 6th.Mr Stead was previously CEO of Aurum Holdings, with responsibility for its portfolio luxury jewellery and watch brands Watches of Switzerland, Mappin & Webb and Goldsmith.During his time there, at the height of...
Retail giant Home Retail Group, which own Argos and Homebase, has announced a mild rise in annual sales as it adapts to consumer demand for online shopping.Total revenue increased 0.8% to £5.7 billion in the year to the end of February, while Argos sales rose to 1.1% to £4.1 billion....
It has been revealed that the economy has seen the slowest quarterly growth for two years. It halved to 0.3% in the three months to the end of March compared to 0.6% the previous year, according to the Office for National Statistics.In a statement the Chancellor, George Osborne said: "It's...
Multinational hotel, coffee shop and restaurant company Whitbread has seen an 18.5% rise in annual pre-tax profit.The company behind Costa Coffee, Premier Inn and various pub chains, also delivered a 11.1% rise in revenue and its underlying pre-tax profit rose to £488.1 million after strong sales at Costa. There had been...
Due to consumer concerns regarding safety, Pepsi has taken the decision to remove the artificial sweetener aspartame from its cans of Diet Pepsi which will go on sale from August, although only in its US business.Regulators in the US and UK still maintain that aspartame in soft drinks is safe,...
It has been reported that the UK’s largest mobile phone operator, EE has seen a drop of 1.1% in its operating revenue to £1.469 billion in the first quarter ahead of a takeover from BT, which will purchase the entire shares from Orange and Deutsche Telekom. This will happen when...
It has been reported today that representatives of 5,000 small businesses have signed a letter calling for the Conservatives to be “given the chance to finish what they started”. David Cameron plans to invest in broadband and treble start-up loans, however Labour have said the Tories “let down” small firms by...
High street fashion giant French Connection is facing ‘challenging conditions’ on the high street as its shares plummeted 24% after it advised it would miss City forecasts.In a statement, French Connection said: “We have been putting in place many improvements across the business in the last two years and will...
Dixons Carphone has said that it will be selling its majority stake in The Phone House in the Netherlands. Commenting on the transaction, Sebastian James, Dixons Carphone group chief executive, said: “Following last week's disposal of The Phone House Deutschland, this is another step in our clear strategic plan to focus...
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