Domino’s pins hopes on World Cup boost and Just Eat tie-up after VAT hit eats away sales November 10, 2022 Domino’s Pizza said this morning the company saw sales fall after a VAT hit and as it came up against last year’s boost from the Euro football tournament, but is eyeing a strong end to 2022 amid the upcoming World Cup. The UK and Ireland takeaway pizza giant saw like-for-like system sales, excluding so-called split [...]
Young’s declares City heartland back in business as pub sales up 11 per cent November 10, 2022 Pub operator Young’s has said its Square Mile sites are bustling with office workers and tourists once more, as it declares central London back in business. Sales in the City – which has seen hospitality venues hammered hard by home-working trends and Covid lockdowns in recent years – were up 11.1 per cent in recent [...]
B&M hopes to win long-term customers from shoppers trading down in economic crunch November 10, 2022 B&M has said it is optimistic that it would be able to retain the loyalty of shoppers who are switching to the discount retailer amid the economic downturn. The British-Luxembourg business said it was “well positioned” to reap the rewards of customers who were trading down in both grocery and non-grocery, against the backdrop of [...]
WH Smith swings back to profit as retailer eyes global expansion November 10, 2022 WH Smith is back in the black after footfall to airports and railway stations returned this year, following the opening up of society post-Covid. The high street staple posted group profit before tax of £63m for the year to the end of August, compared to a loss of £116m it booked the year previously. WH [...]
Next snaps up collapsed Made.com in £3.4m swoop November 9, 2022 NEXT snapped up the brand, domain names and intellectual property of Made.com for £3.4m in a prepack administration this morning, just 18 months after it made its £775m London debut. In a statement this morning, Made.com confirmed it had appointed administrators PwC to sell off its other assets and pay off its debts. Former chief [...]
City workers surprised by golden state coach in pre-dawn rehearsal for Lord Mayor’s Show November 9, 2022 City workers getting to the Square Mile in the early hours of this morning were surprised by a golden State coach during a rehearsal for the Lord Mayor’s show this weekend. The Lord Mayor’s golden coach made its way through the dimly-lit streets of the City of London pulled by six horses, and followed by [...]
Brits told they should brace themselves for even higher food and drink prices November 9, 2022 Food and drink prices are expected to climb even higher than previously expected – with meat, fruit, vegetables, dairy and bread seeing the biggest increases, a new forecast has suggested. The rate of food price inflation will reach a peak year-on-year of between 17 per cent and 19 per cent in early 2023, the Institute [...]
Top dog at BrewDog to replace Simon Longbottom as boss of Stonegate November 9, 2022 One of BrewDog’s top bosses is leaving the brewer to head one of the country’s largest pub chains, Stonegate. David McDowall, BrewDog’s president and chief operating officer, is to take up the reins at the Slug & Lettuce chain, it was first reported by Sky News. Stonegate, which operates 4,500 pubs across the country, confirmed [...]
JD Wetherspoon sales lift as budget chain ‘one of few winners’ amid economic crunch November 9, 2022 JD Wetherspoon posted buoyant sales for the first quarter, although it said demand had softened slightly in October. Shares dropped by as much as eight per cent, after the company admitted October trading had been slightly slower than expected. Like-for-like sales were 9.6 per cent higher than the same period last year, with the pub [...]
Marks & Spencer profit dented as Ocado joint venture books £0.7m loss November 9, 2022 Marks & Spencer’s half-year profit slid on Wednesday after it said its joint venture with online grocer Ocado had suffered a £700,000 loss. In half-year results to 1 October, M&S said its group profit before tax was £205.5m, versus a £269.4m sum the previous year. Bosses pointed to a lack of business rates relief compared [...]