Iceland in the red as Rachel Reeves’ tax raid forces prices higher August 8, 2025 Iceland has warned it is being forced to increases prices because of Chancellor Rachel Reeves’ tax raids as the supermarket chain fell into the red. The Flintshire-headquartered said that while it is “doing our utmost” to offset increasing costs arising from last year’s Autumn Budget, it will “inevitably have to pass some of these on [...]
July fails to bring summer boost for high streets August 8, 2025 Footfall on UK high streets fell again in July as shoppers continued their slow move online, dashing retailers’ hopes for a summer boost. Overall footfall – which includes high streets, retail parks and shopping centres – fell 0.4 per cent in July, while high street footfall fell 1.7 per cent. Andy Sumpter, Retail Consultant EMEA [...]
Deliveroo: Earnings shoot up ahead of Doordash acquisition August 7, 2025 Deliveroo has announced a boost to its earnings driven by a ‘more resilient than expected’ consumer, although profit has taken a hit ahead of its acquisition by American delivery giant Doordash. Revenue rose nine per cent in the six months ended June 30, with orders up eight per cent, Deliveroo told markets this morning. Order [...]
Adanola valued at £400m as Kendall Jenner favourite sells stake August 6, 2025 Adanola, the athleisure brand worn by the likes of Kendall Jenner, Molly-Mae Hague and Maya Jama, has been valued at around $530m (£398m) after securing a new backer. Story3 Capital Partners has acquired a minority stake in the Manchester-based label which was founded by Hyrum Cook in 2015. Other well-known personalities who are fans of [...]
Is Claire’s about to disappear from the UK High Street? August 6, 2025 Claire’s accessories has filed for bankruptcy in the US and entered administration in France, stoking fears about its presence on UK high streets. The US-based fashion accessories and jewellery business filed for Chapter 11 bankruptcy in a court in Delaware, according to new documents. Chris Cramer, CEO of Claire’s, said the decision was “difficult” but [...]
Shares in Cola-Cola’s European bottling arms slump despite strong results August 6, 2025 Coca-Cola’s European arm, Coca-Cola Europacific Partners, and its bottling partner, Coca-Cola HBC, both slumped on the stock exchange this morning after the former downgraded its revenue guidance. The European business fell more than 11 per cent in early trades on the London Stock Exchange, while the bottling business dropped more than seven per cent. Coca-Cola [...]
THG sells flavour lab Claremont for £103m August 6, 2025 THG, the London-listed firm behind fitness supplement brand Myprotein, has announced the sale of flavour manufacturing and development lab Claremont. The company will sell Claremont for £103m to international flavour specialist, Nactarome Group, having purchased the business for £52m in late 2020. City AM is part of THG Ingenuity, which was demerged from THG at the [...]
Legal & General: Profit jumps as international growth pays off August 6, 2025 Asset management and insurance giant Legal & General has reported steady growth across all business arms as it continues its international growth plans. The company recorded a six per cent increase in core operating profit for the first half of 2025 after recording steady growth across all three of its business arms. Core operating profit [...]
What’s next for River Island as it enters ‘last chance saloon’? August 6, 2025 River Island will face its last chance to restructure its flagging finances this Thursday at the High Court, with the retailer set to fall into administration as early as September if the plan is not allowed. This follows months of uncertainty over the company’s future as customers increasingly turn away from middle-market, bricks-and-mortar stores. “River [...]
Pandora confirms customer data stolen in data breach August 5, 2025 Pandora has become the latest retailer to fall victim to a cyber attack after a spate of companies were targeted earlier this year. The premium jeweller confirmed the attack on August 5, telling customers that “some customer information was accessed through a third-party platform that we use”. “Only very common types of data were copied [...]