Category: Business

In the six months to 26 September, the retailer made a loss of £87.6m, compared with profits of £158.8m in the same period last year. But chief executive Steve Rowe said the firm’s performance had been “much more robust than at first seemed possible”. In August M&S announced it was set to cut 7,000 jobs […]

Small independent firms on the High Street suffered a net decline of 1,833 stores in the first half of 2020, according to research by the Local Data Company (LDC) and accountancy firm PwC. That was less than a third of the 6,001 chain stores lost, the LDC said. However, the two sectors together saw the […]

The ruling centred on a video published by Emily Canham that promoted products made by the hair-styling brand GHD. The regulator said it should have featured an #ad hashtag or similar label. Until now, the body has focused on Facebook, Instagram, Snapchat and YouTube, as well as traditional media. “This may be our first ruling […]

Kris Gumbrell, chief executive officer of 22-pub chain Brewhouse & Kitchen, said it was “a tremendous result”. “I think it will make a significant difference, not only for my company, but for the entire sector”, he told Radio 4’s Today Programme. During the first lockdown, a lot of pubs served takeaway meals and drinks as […]

“I wish that someone had told me how hard it was going to be,” says Sara McCorquodale, 37. Sara forged a successful career as a journalist for over a decade, working for titles such as Tatler and Huffington Post. Then in 2017 she spotted a gap in the market and decided to set up her […]

Ant, backed by Jack Ma, billionaire founder of e-commerce platform Alibaba, was set to sell shares worth about $34.4bn (£26.5bn) on Thursday. The listings in Shanghai and Hong Kong would have been the biggest stock market debut to date. But Chinese authorities have cited “major issues” as the reason behind the eleventh hour suspension. Ant […]

The preparations come just a few months after many businesses were hit by looters in the violent demonstrations that erupted after the death of George Floyd at the hands of police. Retailers Saks 5th Avenue, Nordstrom and pharmacy chain CVS were among the biggest firms taking precautions. Concerns the election will be contested have also […]