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Bank of England’s Catherine Mann wary of firms looking to rebuild profit margins after a squeezeBusinesses will need to show they are keeping a lid on prices before there can be further interest rate cuts, according to the Bank of England interest rate…
Group in ‘recovery phase’ and working closely with suppliers after customers complain of empty shelvesThe Co-op has said that stock availability in its stores will not improve until this weekend, as it struggles to recover from a cyber-attack two weeks…
Struggling fashion brand to remove night shift at raincoat factory in Yorkshire, affecting about 150 postsBurberry has said it could cut 1,700 jobs worldwide by 2027 – including removing the entire night shift at its Yorkshire raincoat factory – as the…
Details taken are names, addresses and Marks & Spencer order histories, the Guardian understandsBusiness live – latest updatesMarks & Spencer has said for the first time that some personal customer information was taken in the cyber-attack that…
Consumers shrugged off anxiety over effect of US tariffs as card spending grew by 4.5% year on yearBritish households increased their spending in April as unusually warm weather and the long Easter weekend helped consumers shrug off anxiety around the …
Kingdom Services boss says retailers seeing ‘different sort of shoplifter’ with more theft by people ‘who just can’t afford food’Food retailers have seen a “massive” increase in pensioner shoplifters over the last year, according to a leading store sec…
South Korean skincare retailers want to capitalise on viral sales of beauty ranges by opening stores across the UKKorean beauty products are moving from phone screens to UK high streets as social media drives sales of skincare with the help of eye-catc…
Chain says up to one in 10 stores was affected on Tuesday morning but issue now fixed in all branchesBusiness live – latest updatesThe Co-op was forced to scramble to fix a problem with contactless payments at dozens of its stores on Tuesday, as it gra…
Associated British Foods’ sale of Allied Bakeries would bring together two of the UK’s biggest breadmakersBusiness live – latest updatesThe owners of Hovis and Kingsmill have entered talks that could lead to two of the UK’s biggest bread brands merging…
‘Tipping point’ as supermarket’s move will increase amount of Fairtrade tea sold in UK by almost 50%Sainsbury’s has drawn a line under a previous controversial attempt to create its own ethical label by agreeing a major tea deal with the Fairtrade Foun…