Cake Box has said it is eyeing the opening of 52 new shops as it expects to deliver a jump in sales for the past year despite the pandemic.
Government-backed loans of up to £10 million are to be made available for companies that need support until the end of the year.
Retail sales volumes recovered slightly in February but not enough to offset heavy falls a month earlier, new data from the Office for National Statistics (ONS) has suggested.
The boss of Goldman Sachs has praised a small group of junior bankers for speaking out over excessive working hours and workplace abuse.
Business owners and industry experts have said London has witnessed its “biggest change in living memory” after the coronavirus pandemic emptied the streets of the Capital.
Labour wants an investigation into whether former prime minister David Cameron lobbied for a specialist bank that has since gone bust to handle extra Government-backed Covid loans.
First-year banking analysts at Goldman Sachs have said they have worked an average of 98 hours each week in 2021 as they called for a new cap on their arduous workload, according to an internal presentation.
Deliveroo has confirmed it has picked London for a potential listing as it looks set to become one of the latest in a flurry in recent stock market floats.
Around 1,150 jobs will be affected at Sainsbury’s as part of a restructuring which includes about 500 head-office roles being axed.
Hospitality bosses have cautiously welcomed “crucial” VAT and business rates support from the Government but warned there is still a long road to recovery for the sector.
Guarantor loans have overtaken PPI as the most complained about product that the financial ombudsman is now seeing.
The boss of Hotel Chocolat has said all 125 stores will reopen once Covid-19 restrictions are eased and there no plans to shut any permanently.
Online fashion retailer Boohoo has said is not “aware of any investigation” by US Customs and Border Protection following reports it could face a US import ban over labour abuse allegations.
British Gas owner Centrica has warned its overhaul “has only just started” as profits at its energy supply business slumped to a new all-time low.
NatWest is considering withdrawing its Ulster Bank brand from the Republic of Ireland, it has been reported.
Moneysupermarket said that it suffered from the coronavirus pandemic last year as closed borders led to a collapse in travel insurance sales.
Online card retailer Moonpig has said it reported its “strongest ever week” last week as customers flocked to its site for Valentine’s Day.
Iceland has sacked a senior boss after he made controversial comments about Wales and the Welsh language.
British outsourcer Serco has expanded its North American defence business with a 295 million dollar (£212 million) deal for a US contractor.
Mining giant BHP has declared a record interim dividend after it reported its strongest first-half profit in seven years.
Home delivery wine retailer Virgin Wines has unveiled plans for a stock market flotation next month after enjoying booming demand amid the pandemic.
The bosses of Burger King, Pizza Express and Fuller’s are among more than 160 hospitality chiefs who have called on the Chancellor to extend the VAT cut by another year.
UK businesses borrowed £35.5 billion in net terms last year, with a further £26 billion forecast by the end of 2021, according to new research.
The Bank of England has told lenders to get ready for potential future negative interests rates but stressed such a move was not imminent despite slashing 2021 growth forecasts.
Demand for new cars fell by 39.5% last month compared with January 2020, new figures show.
Retail footfall plunged by almost two-thirds in January following the latest set of lockdown restrictions, although experts have said shopping locations have fared notably better than during the first UK lockdown.
What is it? There’s always that one relative, which while you love them dearly, always outstays their welcome at Christmas. The automotive equivalent of that relation is the Fiat Panda – a model that continues to plod on with minimal changes (it hasn’t had one major update since its introduction in 2011), yet buyers continue to fall for its charm. Not least in Italy, where it continues to be their best-selling car, and by a significant margin.
Around 13,000 jobs and turnover worth £3.48 billion were lost in the retail sector during the five years before the pandemic, industry experts have said.
More than 900,000 small firms are at risk of going out of business in the next few months, threatening a fresh wave of job losses, new research suggests.
The London markets and sterling stumbled on the back of a slew of poor economic data and caution over the potential for harsher travel restrictions across Europe.