Follow us:

BREAKING
3m Wagner leader launches rebellion in ‘significant challenge to Russia’
10h Heat health warning as London set to be hottest part of UK
10h Arctic Monkeys close Glastonbury after Foo Fighters surprise slot
Leisure & Retail
Business

Supermarket profiteering has given way to PR game, for now

City Voices: You don’t think they’re cutting prices out of the goodness of their hearts, do you?

Business

Revolution Beauty in legal fight with ex-boss over share suspension

Revolution shares have been suspended since September of 2022 after it couldn’t get auditors to sign off on its accounts

Business

Next ups profit guidance as good weather and pay rises boost sales

Sales were up 9.3% year-on-year over the last seven weeks

Business

ASOS shares jump as CEO convinces investors turnaround plan’s on track

The online retailer returned to profit in the three months to the end of May

Business

Tesco chair to quit amid inappropriate touching allegations

Tesco said it had received no complaints, but Allan’s successor said the claims ‘risk becoming a distraction’

Leisure & Retail

How high street brands are using creative in-store experiences

Online shopping is synonymous with retail today, but brands are using smart technology to draw new customers back to the high street, says Jonty Sutton

Business

Greggs abandons sausage roll court fight as Westminster backs down

Greggs CEO Roisin Currie said: ‘we’ve reached a compromise’

Business

Boohoo plunges to £90m loss but shares surge as boss promises rebound

Josh Warner, market analyst at City Index, said: “What a rough year for Boohoo”

Business

TfL to license roundel and seat patterns worldwide with new tie-up

It said firms are especially “eager to collaborate” to launch Elizabeth Line-themed merchandise

Business

Supermarkets investigated over food and fuel prices

The findings will likely trigger further claims that big companies are profiting off the cost-of-living crisis via ‘greedflation’

Business

Could the tide be starting to turn on the ‘Tourism Tax’?

City Comment: VAT-free shopping will be restored eventually — it’s just a matter of when

Business

Currys ups profit guidance, but still expects year-on-year decline

Performance in the UK and Ireland was strong, but its Nordics arm continued to drag

Business

M&S’ Oxford Street proposal is just a generic office block

City Voices: The flagship M&S building should be refurbished instead of torn down, Simon Sturgis writes

Business

The Hut Group shares plunge as it quits Apollo takeover talks

THG founder Matt Moulding said the deal fell apart because of the level of control Apollo wanted

Business

Cost of living is catching up with holiday plans

City comment: Homeowners remortgaging at starkly higher rates might be rethinking their trips to the Med.

Business

IHG boss who slammed London’s listing appeal will quit to return to US

Last month, Barr described London as “not a very attractive place to list new companies”

Business

Royal Warrant holders: Companies vie for majestic sales growth

There are around 800 Royal Warrant Holders, including firms in the fashion and food sectors

Business

Forget the GDP hit and enjoy the Coronation fun

City comment: They might look the same to economists, but a Coronation is a lot more fun than a train strike

Business

Paddy Power boss: New gambling rules impossible without tech reforms

Paddy Power parent Flutter’s UK revenues soared in the final months before the rules were announced

Business

Reports of Oxford Street’s demise have been greatly exaggerated

City comment: “London’s high street” is getting its mojo back

Business

Wagamama owner refutes activist investors with strong growth

However, it will also push forward the closures of 23 of its Frankie and Benny’s and Chiquito restaurants to the end of this month

Business

Struggling Superdry seeks fresh cash with share sale

CEO Julian Dunkerton will “significantly participate” in the sale

Business

Oxford Street rebound continues as Footasylum plans new flagship store

Footasylum will open a new 20,000 sq ft, two-storey shop at 73-89 Oxford Street

Business

HMV returns to iconic Oxford Street site — replacing a US candy shop

The company said the new opening marks “the latest sign of a dramatic turnaround” since 2019 when the shop closed