Will Shu quits as Deliveroo CEO after denying he planned to leave September 18, 2025 The CEO of Deliveroo, Will Shu, has announced his decision to step down from the company he co-founded in 2013, just months after the company denied he had any plans to leave. In February, after growing speculation Shu was preparing to exit the tech business later in the year, Deliveroo issued a statement in which [...]
Autumn budget and inflation worries drag down consumer confidence September 18, 2025 Consumer confidence slumped in September as concerns about the state of the UK economy and the possibility of higher taxes weighed on Brits’ minds. Expectations of the state of the overall economy worsened to -36 in September, down from -32 in August, according to the British Retail Consortium. Brits’ personal financial situations also slipped to [...]
Temu: UK sales and profit double as Shein court battle looms September 17, 2025 Sales and profit at the UK arm of Chinese online marketplace Temu almost doubled during its latest financial year, it has been revealed. For 2024, the division achieved a revenue of $63.2m (£46.3m), up from the $32.1m it achieved in 2023. New accounts filed with Companies House also show its pre-tax profit jumped from $2m [...]
Whittard of Chelsea brews up bumper funding deal with OakNorth September 16, 2025 Whittard of Chelsea has secured a bumper funding deal worth £12m with digital bank OakNorth “to support its continued growth and expansion”. The Oxfordshire-headquartered company said it is now “well-positioned” to build on its UK base and expand further into international markets such as China and the US. The funding news comes after Whittard of [...]
The Apprentice star gets £20m pay day after Lord Alan Sugar deal September 16, 2025 A star of hit BBC One show The Apprentice has enjoyed a bumper pay day to the tune of £20m for the year after buying out Lord Alan Sugar. Entrepreneur Susie Ma, who was a finalist on the 2011 series, took back full control of the company she founded in 2004 at the age of [...]
Sainsbury’s FTSE 100 shares highest since 2014 after Argos talks September 15, 2025 Shares in FTSE 100 supermarket giant Sainsbury’s have surged to their highest value in more than a decade after it held brief talks to sell Argos to Chinese e-commerce giant JD.com. Sainsbury’s share price has jumped by almost five per cent in early trades this morning to 322p. The value is the company’s highest its [...]
Pret A Manger ‘being punished for focusing on UK’ September 15, 2025 Pret A Manger is being punished for focusing on the UK and this is a “disaster for domestic growth”, according to the chief executive of drinking chocolate chain Knoops. Writing on LinkedIn, William Gordon-Harris said “the sad fact is for UK domestic growth is that so many UK founded businesses focus their growth after launch [...]
Aldi issues Budget warning as profit slashed September 15, 2025 Profit at discount supermarket giant Aldi was slashed by more than £100m during its latest financial year despite sales passing the £18bn mark. New figures released by the chain show its operating profit declined from £552.9m to £435.5m in 2024. Aldi said the fall was as a result of it continuing to “lower prices for [...]
Coco di Mama boss: ‘Extreme’ tube strikes pressuring hospitality at crucial time September 11, 2025 Coco di Mama’s boss has said that the significant tube strikes this week have put pressure on the sector at a difficult time. The strikes, which began on September 7, have caused mass disruption in the City as Londoners attempt to find other ways to get to work or opt to stay at home. “It’s [...]
Cadbury shakes off royal snub as sales surge September 11, 2025 Cadbury has shaken off losing the royal seal of approval after a surge in European sales helped its profit jump during its latest financial year, it has been revealed. The Birmingham-based iconic chocolate maker hit the headlines at the end of 2024 after being dropped from the list of royal warrants for the first time [...]