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Primark plots price hikes as sales rise 59% in first half of financial year
Primark has warned it will raise prices on selected lines later this year as it battles to maintain margins in the face of rising costs.The budget fashion chain’s parent firm Associated British Foods (ABF) used the publication of its half-year results to say that it was facing intense inflationary pressures across its businesses. The warning …
Press Release
Pressat
Sheffield folk star creates charity single for local sanctuary for the vulnerable
Ben’s Centre is a local charity with a long history in Sheffield. For its 25th year of operation CEO, Daryl Bishop had grand plans for a celebration of the charities achievements over those years but the pandemic sadly put a dampener on anything that encouraged people to gather. Seeking alternative ideas to mark the occasion …
Press Release
Pressat
The New Welsh Craft Fair Directory from Made in Cymru, is the best way to find out about essential local craft events.
Wales, UK, 2022 – The premier destination for supporting Welsh crafts makers online has introduced a new feature that helps shoppers find local markets and craft fairs in real life. The new online directory brings together hundreds of local market events in an easy-to-use responsive calendar format. With filters allowing people to search their region …
Business
Sky News
National debt interest payments rise to record £70bn
Interest payments on the national debt rose to their highest level ever last year, as the UK’s public finances reel from the huge cost of the pandemic. The government’s statistics department said the debt pile stood at £2.3tn last month, with interest payments rising to nearly £70bn, a record amount according to the Office of National …
Business
Business Live
High street giant Zara threatens North East fashion firm with legal action over branding
A County Durham fashion firm is set to face retail giant Zara at a tribunal over claims it has an “identical brand”. The retailer has threatened legal action against Darlington-based firm House of Zana. Owner Amber Kotrri launched the clothing brand online in 2018, and opened her first store in Darlington a year later. When …
Business
Business Live
Demolition of empty Debenhams store part of transformation plans in Devon seaside hotspot
Plans to demolish a former Debenhams site and replace it with a continental-style square in Torquay have been unveiled in Torquay. Public consultation has begun for the proposals that will see the empty building demolished and replaced with an intimate south facing square with elevated views of the Harbour. The square, surrounded by new cafes, …
Business
Sky News
Boots owner sets mid-May deadline for suitors’ £5bn bids
The owner of Boots has set a mid-May deadline for final bids for Britain’s high street chemist as it battles an array of economic headwinds which threaten to depress its valuation. Sky News has learnt that Walgreens Boots Alliance’s (WBA) advisers at Goldman Sachs have notified suitors for the chain that it is seeking formal …
Business
Sky News
Jeff Bezos questions Musk’s ties to China ahead of Twitter takeover
Amazon founder Jeff Bezos has asked whether Elon Musk’s deal to buy Twitter will give China “a bit of leverage” over the platform.Twitter is blocked in China but Mr Musk‘s electric car business Tesla is dependent on the company’s plant in Shanghai and sales across the country for its global profits. Explaining the motivation behind …
Business
Evening Standard
HSBC sees profits plunge and defends Russian businesses
HSBC today reported a plunge in profits, defended its Russianbusiness and said rising interest rates should enable it to retain returns to investors.The giant lender saw profits in the first quarter down $1.6 billion to $4.2 billion, a slump likely to be repeated across the sector as bad debts due to the Ukraine war ramp …
Business
Business Live
Why the Shared Prosperity Fund is far from being a bad deal for Wales
Earlier this month the UK Government published its prospectus for the Shared Prosperity Fund, the domestic replacement for the EU structural funds, of which West Wales and the Valleys had been a recipient of the highest level of funding since 2000. Whereas Northern Ireland, the Highlands & Islands of Scotland, Merseyside and South Yorkshire qualified …
Business
Sky News
Heathrow Airport says no profits this year as travel remains turbulent
Heathrow Airport has said it will be unable to make a profit this year, with airlines already cancelling flights for the autumn. Once one of the busiest airports in the world, Heathrow has lost more than £4bn during the pandemic as international travel has collapsed.Despite a bump in traffic in March following the UK’s swift …
Business
Business Live
Loungers posts record revenue after post-Christmas Covid recovery
Bar and restaurant chain Loungers has forecast better than expected profits after a post-Christmas Covid recovery helped it to record revenue. The Bristol-founded group, which operates 164 Lounge cafe-bars and 31 Cosy Club restaurant-bars, reported total revenue of £237.3m despite “subdued” December trading as a result of the Omicron variant. In a trading update for …

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