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Retail

  • Food industry: Government must act to tackle cost of living crisis as prices spike

    March 22, 2022

    A food industry leader has called on the government to intervene to ease supply chain pressures on food firms as a cost of living crisis looms. Food and Drink Federation boss Karen Betts has urged ministers to act to help millions of households as they face rising food and energy prices this spring. Measures urged [...]

  • City Pub Group sells number of pubs as operator eyes post-Covid property opportunities

    March 22, 2022

    Premium pub operator City Pub Group has announced the disposal of six pubs for around £17.1m.  Five venues on the south coast – the Walrus, Brighton Beach Club and Lion and Lobster in Brighton, the Inn on the Beach on Hayling Island and The Travellers Friend in Woodford Green, Essex – have been sold to [...]

  • Lockdown DIYers push B&Q owner Kingfisher past £1bn profit

    March 22, 2022

    Kingfisher’s sales shot up last year as the B&Q owner became the third UK retailer to exceed £1bn profit. The home improvement behemoth joined retail titans Tesco and Marks & Spencer when it revealed its profits had reached record levels on Tuesday. Lockdown DIYers sent sales past £13bn for the year to 31 January, thanks [...]

  • Nike beats revenue estimates with North American sales boost

    March 21, 2022

    Nike beat quarterly revenue and profits estimates today after strong Christmas demand in North America helped it recover from supply chain strains in China.

  • Cheers: Pubs set to stay open until 1am for Queen’s platinum jubilee

    March 21, 2022

    The government moves forward with plans to let pubs stay open until 1am to celebrate Queen’s platinum jubilee in June.

  • Supermarkets stop selling free-range eggs as bird flu sweeps farms

    March 21, 2022

    Eggs in shops across the UK will now be labelled "barn eggs" rather than free-range eggs after farmers were forced to keep birds inside for more than 16 weeks after a bird flu outbreak.

  • Smooth deal: PZ Cussons snaps up baby and skincare brand Childs Farm

    March 21, 2022

    Soap giant PZ Cussons has acquired UK baby and child skincare brand Childs Farm. The deal has seen Joanna Jensen, the founder of the fast-growing brand, invest into the PZ Cussons subsidiary which completed the deal. PZ Cussons now owns a 92 per cent stake in the business, valued at £36.8m. The firms said PZ [...]

  • Boots bidders set to meet with bosses as takeover race continues

    March 20, 2022

    Bidders for the high street chemist Boots are preparing to meet with the chain’s bosses this week as the race to takeover the firm intensifies.

  • US court dismisses antitrust lawsuit against Amazon

    March 19, 2022

    US court has thrown out a lawsuit against Amazon.com after the tech giant was accused of antitrust violations. The court dismissed claims relating to the website banning third-party sellers from offering better deals for their products elsewhere. Amazon’s motion to dismiss the complaint was granted by Judge Hiram Puig-Lugo of the Superior Court of the [...]

  • Toyota halts operations at factories after earthquake

    March 18, 2022

    Toyota Motor Corp is to suspend operations on several lines at almost a dozen factories next week, after an earthquake off the coast of Japan this week. The car maker has said it will halt operations on 18 lines at 11 domestic factories next week, for around three days. It has suffered a parts shortage [...]

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