Joules on brink of collapse
Fashion and lifestyle products retailer Joules Group plc revealed on Monday that it is planning to appoint administrators after failing to secure new investment. The company said it would file…
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B&M reports sales momentum as shoppers look for bargains
Discount retailer B&M has reported growing sales amid the UK's cost-of-living squeeze and said it was "well positioned" to benefit from consumers trading down as they look to save money.…
Made.com enters administration and sells brand to Next
Online furniture retailer Made.com has gone into administration, the company confirmed on Wednesday. Administrators at PricewaterhouseCoopers (PwC) said that 320 employees of the business had been made redundant so far, and 79…
Ryanair reports six-month profit of €1.37bn
Irish low-cost airline Ryanair reported on Monday a net profit of €1.37bn for the six months to the end of September 2022, compared with a loss of €48m in the…
Heathrow workers announce strike ahead of World Cup
Flights to and from London's Heathrow Airport around the start of the 2022 World Cup in Qatar are set to be disrupted by three days of strike action, a union…
Food inflation hits record 11.6%
Food prices in the UK are continuing to rise as producers and retailers face higher costs. Food price inflation accelerated strongly to a record 11.6% in October, up from 10.6%…
Made.com to call in administrators
Online furniture retailer Made.com is planning to appoint administrators after failing to find a buyer. The company did well during the pandemic as people bought more furniture and other homeware items online.…
Asda acquires Co-Op petrol stations
Supermarket group Asda has completed its acquisition of 132 grocery retail sites with attached petrol stations from The Co-operative Group for a cash value of £438m. The transaction, which was…
Shell reports $9.5bn profit for Q3
Shell has reported its second highest quarterly profit on record, with operating profit reaching $9.5bn in the third quarter of 2022. This is more than double the oil and gas…
Some food essentials cost over 40% more than a year ago
Shoppers are paying 17% more for low-cost everyday items in UK supermarkets, new figures show. A report from the Office of National Statistics (ONS) reveals that in the 12 months…
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