The British Retail Consortium has said that UK retail sales growth slowed in May as food sales declined. The 3-month average year-on-year change for food was -0.2% in total, turning negative for the first time since records began in 2008, excluding Easter distortions. For non-food, the 3-month average was 4.3%,...
UK regional airline Flybe has announced that it has returned to profit for the full year, despite being in the very early stages of a turnaround that is anticipated to take two years to complete.The group, which has ambitions to become “Europe's best local airline” saw record numbers of passengers...
WH Smith has said that total sales for the first 14 weeks of the financial year were flat with like-for-like sales down 2%, compared to the same period last year. In a statement, the company said that these results reflected a “continuing improvement in sales trends”.WH Smith High Street total...
Justin King’s last trading update as Sainsbury’s chief executive saw a disappointing set of results as sales dropped for the second quarter in a row.Mr King said that customers continued to spend cautiously in a “challenging” market, leading to industry growth in the quarter being the slowest in a decade.In...
Supermarket Tesco is to offer its first current account, which offers discounts to shoppers when they open an account.The move follows M&S, which began offering a free current account last month which offers customers a £100 voucher when they open an account, as well as one point for every £1...
Sheffield Council has outlined plans to buy properties in the area between Pinstone Street, Moorhead and Barkers Pool in a £55 million deal to get them back from developer Hammerson, whose £400m Sevenstone shopping centre hit the rails last year.The authority has said that it will start demolishing the buildings...
Brewery and pub business Fuller, Smith & Turner has bought a controlling stake in cider and pizza restaurant chain The Stable.Led by entrepreneurs, Richard and Nikki Cooper, The Stable has six sites across the South West specialising in gourmet pizzas and a range of 50 different craft ciders.As part of...
Luxury goods firm Mulberry has appointed the former chief executive of Lanvin, Thierry Andretta, as a non-executive director.Prior to Lanvin, Mr Andretta held various senior executive positions at Moschino, Fashion Box, Replay USA, Belfe, the Gucci Group, LVMH Fashion Group, Céline and Emanuel Ungaro. He is currently CEO of Italian...
Sales of televisions, beer and replica football shirts will provide a boost for UK retailers as the World Cup countdown reaches its final stages.Supermarkets and electrical retailers are expected to be amongst the winners as British consumers spend an estimated £814 million on World Cup related purchases, according to analysts...
Christo Wiese, a retail tycoon based in South Africa, looks likely to make a move into the UK market, following the creation of Pepkor UK, a shell company named after Mr Wiese’s clothing and footwear group which operates stores in Europe and Australia. Former Asda chief executive Andy Bond and...
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