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Retail

Tesco boss refuses £372,000 bonus

Tesco chief executive officer Phillip Clarke has declined his annual bonus, as UK employees share more than £110m.

Starbucks burdened by high London rents

Starbucks UK has confirmed less profitable outlets in central London locations have contributed to its five-year run of losses.

Economic boost with "tax cuts" and lowest inflation rates

Businesses could benefit from potential temporary tax cut measures and the latest levels of inflation dropping to their lowest in more than two years.

Own-label NPD beats branded

The level of own-label food and drink NPD has risen above branded for the first time, according to new research by Mintel.

Sales up 3.7% at Krispy Kreme

Krispy Kreme, the doughnut retailer, has reported a 3.7% rise in revenues, driven by an increase in same-store sales.

High Street footfall reaches new low

The British Retail Consortium (BRC) has reported a 12.6% decrease in the number of town centre shoppers in the three months to April – the worst drop in footfall since November 2009.

Whitbread boss refuses pay rise

Whitbread's chief executive Andy Harrison has turned down a 1.5% increase on his annual salary of £717,500.

M&S takes profit hit

Marks & Spencer (M&S) has seen profit before tax down £122.6m on last year, despite strong like-for-like food sales.

Gongs given for sandwich success

Greencore took the top award of the night at the Sammies last week – the British Sandwich Industry Awards – for its Food to Go range.

MPs named and shamed over ‘pasty tax’ amendment

British Baker has published the names of those MPs who voted against the amendment to the 20% tax on hot takeaway bakery products.

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