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 [...]
M&S franchises remaining open in Russia is ‘buttressing Putin’s brutality’, Tory MP says March 18, 2022 Marks and Spencer has been urged to close its stores in Russia by a Conservative MP. Marks and Spencer has been urged to close its stores in Russia by a Conservative MP. The representative for Rutland and Melton, Alicia Kearns, made her comments while hosting four Ukrainian politicians on Thursday. This comes as major international [...]
Owner of Burger King says local operator in Russia ‘simply refuses’ to shut down all 800 fast food branches March 18, 2022 The owner of Burger King has said the operator of its 800 stores in Russia has “refused” to close them. The president of Restaurant Brands International (RBI), which owns Burger King and has operated its restaurants in Russia for a decade in a joint venture which includes Alexander Kolobov, said the company was attempting to [...]