AB Foods has celebrated “another magnificent year” at its clothing arm Primark, which increased both its stores and sales.In the year, total sales rose 16% to £4.95 billion at the clothing chain, pushing pre-tax profit for the wider group to £1.02 billion despite taking a hit from lower sugar prices...
John lewis has announced its largest cuddly toy collection ever, with a 62 piece collection ranging from a gorilla through to guinea pigs it is set to be a Christmas bestseller with price points from a £7.50 Meerkat to £1799 for a 6ft exotic camel.So far this year John Lewis...
Home furnishing retailer IKEA announced total sales of £1.411 billion in the UK for the financial year ending 31st August 2014, an increase of 11.3% on the previous year.Following a determined pledge last year by Gillian Drakeford, UK country retail manager, to double turnover and market share by 2020, this...
Leading online and mobile marketplace for takeaway food has revealed strong Q3 results.JUST EAT's total orders in the three months to 30 September 2014 increased by 56% compared to the same period in 2013. This figure includes the benefit of combining the orders from the company’s French business (Alloresto.fr) from...
Jamie Oliver has closed two of his Recipease stores in Brighton and Clapham in order to focus on the chain’s Notting Hill branch.The loss-making stores were closed after five years, although staff at the branches were apparently not told until they were asked to leave the premises mid-shift at the...
The Royal Society for Public Health has said that alcoholic products should carry labels stating their calorie content in order to tackle obesity.Doctors at the society have said that too many people are unaware of how many calories alcoholic drinks contain.Alcohol is currently exempt from EU food labelling laws, but...
Shares in Starbucks fell almost 5% as it failed to meet analysts’ forecasts on sales in the three months to September 28th.The firm said that traffic increased by 1% in the period, lifting sales 5% in its American branches open for at least 13 months, although this fell short of...
The boss of Apple has publicly announced that he is gay. Until now he has been open about his sexuality but has tried to separate his private life from his status as chief executive of one of the world’s biggest technology firms.In a statement, Mr Cook said: "While I have...
The Serious Fraud Office has begun a criminal investigation into the profit overstating debacle at Tesco, which resulted in the company overstating its profit expectations by £263 million.The error is expected to have occurred as a result of financial executives including rebates which it hadn’t yet received from suppliers into...
Diageo has said that it is reviewing its investment plans, including a new “super distillery” next to its Teaninich whisky production unit in Alness, Scotland.In a financial statement covering the three months to the end of September, Diageo said that falling demand for Scottish whisky across many of its markets...
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