Modella-owned Hobbycraft survives restructuring July 20, 2026 Hobbycraft has survived a restructuring led by its new owner, divisive high street private equity firm Modella Capital. The UK’s largest craft retailer has completed its 13-month company voluntary arrangement (CVA) ahead of schedule, reporting a jump in online users. The company’s emergence from its restructuring defies recent gloom around Modella’s swoops on other high [...]
Mike Ashley’s Frasers feels lift from takeover spree July 16, 2026 Mike Ashley’s Frasers Group has seen its profit jump as it pushes ahead with a turnaround plan and launches a spree of takeover bids for foreign retailers. The fashion group, which owns Sports Direct and Flannels, said its recent takeover bids and moves to build stakes in rivals are bolstering its balance sheet amid a [...]
Retailers urge Burnham to slash tax and back youth employment July 16, 2026 Retailers have called on Andy Burnham to slash their taxes and help them to employ young people in a raft of demands for the Prime Minister-to-be. The British Retail Consortium (BRC), a trade body representing the UK’s biggest retailers, has urged Burnham to “buy into retail” as part of his pledge to back local communities [...]
Burnham risks ‘breaking manifesto’ without business rates reform July 14, 2026 Andy Burnham has been warned that he risks breaking Labour’s manifesto if he does not go further in his plans to overhaul the business rates system. The Prime Minister-to-be has been urged by hospitality and retail industry figures to expand his plans to modify a business rates system which they say unfairly disadvantages high street [...]
Burnham urged to go further to fix ‘broken’ business rates July 14, 2026 Incoming Prime Minister Andy Burnham must broaden his plans to reform the “broken and unsustainable” business rates system, hospitality and retail industry leaders have warned. The former mayor of Greater Manchester has already pledged to slash business rates for high street firms but a coalition of trade bodies has urged him to go further. Ros [...]
Heatwave slows retail sales but World Cup boosts online shopping July 14, 2026 June’s scorching heat slowed retail sales, but Brits opted to shop from home instead, sending online sales soaring. Total retail sales in the UK slowed from 3.7 per cent in May to 1.9 per cent in June year on year, in line with this year’s average growth rate, according to the British Retail Consortium (BRC). [...]
Pubs toast England World Cup victory over Mexico July 6, 2026 British pubs served more than six million pints during England’s World Cup victory against Mexico in the early hours of Monday morning. The UK’s hospitality sector was handed a boost after the government decided to allow pubs to stay open until 5am, having initially extended licensing hours until only 1am. The country’s pubs made the [...]
Burnham’s high street tax plan carries £880m price tag July 6, 2026 Andy Burnham’s plans to overhaul business rates in favour of Britain’s high streets could cost around £880m a year, according to new analysis, as questions mount over how the Labour leadership frontrunner would pay for one of his first major tax reforms. Forecasts by global tax firm Ryan suggest Burnham’s proposal to expand Small Business [...]
Currys launches £50m buyback as it shrugs off market slowdown July 2, 2026 Currys said it would launch a £50m share buyback after it posted a jump in profit and shrugged off a wider market slowdown by expanding its offerings and cutting its cost base through redundancies. The tech retailer said its UK and Ireland revenue ticked up three per cent to £5.4bn and “outperformed the market” following [...]
FTSE 100 giant ABF shares slide as it braces for £60m sugar crash after Iran war July 1, 2026 FTSE 100 giant Associated British Foods has issued a major warning on the state of its sugar businesses over “the duration and severity of the Middle East conflict”. The multinational conglomerate – which spans across the food and retail industry – said it expects its sugar operation to deliver a loss of as much as [...]