Yo! Sushi loses over £20m as costs rise June 2, 2025 Yo! Sushi lost more than £20m in the year its owner was acquired for almost £500m, it has been revealed. The sushi eatery chain has reported a pre-tax loss of £22.6m for the 70 weeks to 31 March, 2024, according to delayed accounts filed with Companies House. The results, which had been due to be [...]
Is the disposable vapes ban going to make any difference in the UK? May 30, 2025 In 2021, vapes went from a small-scale smoking alternative to dominate the UK’s nicotine market. Now, about half of the vape market is set to become illegal when the government’s disposable vape ban comes into force on Sunday. It’s part of the government’s plan to create a “smoke-free” generation, which will see disposable vapes banned, [...]
Is Asda’s ambitious turnaround starting to bear fruit? May 29, 2025 Asda has had a tumultuous year and a half. Since January 2024, the supermarket giant has undergone numerous leadership changes, IT issues, and sales woes. Its troubles began back in 2021, when it was bought in a debt-fuelled takeover by the billionaire Issa brothers – who have since departed the board – and private equity firm [...]
Burberry: CEO tipped for golden reward if fashion label makes FTSE 100 return May 29, 2025 The new chief executive of Burberry could receive a hefty bonus if the fashion label’s shares surge and it re-enters the FTSE 100. Joshua Schulman, who succeeded Jonathan Akeroyd as the CEO of Burberry in July last year, could be handed millions in bonuses and salary if he leads the company back to the London [...]
Asda ‘making good progress’ despite sales continuing to fall May 29, 2025 The chairman of Asda has said the supermarket giant is “making good progress” despite its sales continuing to fall. The Leeds-headquartered chain has reported a revenue – excluding fuel – of £5bn for the three months to 31 March, 2025, the first quarter of its financial year. The total is a 5.9 per cent decrease [...]
Shein eyes Hong Kong for IPO as London listing stalls May 28, 2025 Fast-fashion giant Shein is reportedly working towards a Hong Kong initial public offering (IPO) after failing to secure approval from Chinese regulators for its London listing. The Singapore-headquartered company aims to file a draft prospectus with Hong Kong’s stock exchange in the next few weeks, according to Reuters. The move comes as a blow to [...]
Twinings: Profit jumps to almost £100m at tea brand May 28, 2025 Profit at British tea brand Twinings has increased to almost £100m thanks to a “significant growth in the domestic market”. The London-headquartered business has reported a pre-tax profit of £99.1m for the 12 months to 31 August, 2024, up from the £95m it achieved in the prior year. New accounts filed with Companies House also [...]
DIY demand boosts sales at B&Q and Screwfix owner May 28, 2025 Strong UK sales have driven a positive start to the year for B&Q owner Kingfisher, despite a slowdown in sales in France and Poland. The home improvement company, which operates 1,900 stores across seven European countries, said total sales rose 1.8 per cent to £3.31bn in the three months ended April 30. Shares dropped two [...]
Pets at Home: Demand for vet services soars May 28, 2025 Pets at Home has reported flat year-on-year revenue, with a starkly diverging performance in retail sales and veterinary services. Underlying profit before tax in retail fell by 16.6 per cent year on year to £72.9m, while underlying profit before tax from the company’s vet arm grew by 23.3 per cent year on year to £75.9m [...]
Adidas hit in yet another UK retail data breach May 27, 2025 Adidas has confirmed a cyber attack that exposed the personal data of customers who contacted its help desk, adding the German sportswear giant to a growing list of major retailers hit by recent cybersecurity incidents. The breach, disclosed on 23rd May, involved unauthorised access to a third party customer service provider, through which attackers were [...]
