British grocer and multinational retailer
The Treasury has sparked debate by discussing voluntary price caps on essentials, with M&S and other retailers pushing back. Ministers deny plans for mandatory caps while signaling potential measures to ease costs, amid ongoing inflation and competition in grocery markets.
A round-up of fresh company updates shows mixed earnings across retailers and tech-adjacent firms. Pennon sees improving profit as storms and tariffs weigh on penalties; Mitie reports rising revenue and progress on strategy ahead of leadership change; S4 Capital trims job cuts while pursuing AI-driven growth; Debenhams, Macy’s, Ulta and Asda publish updates amid a churning retail landscape.
Major UK retailers have written to the prime minister, coordinated by the British Retail Consortium, urging a review of policies on national insurance, the national living wage, and employment rights to boost youth employment. The move follows Neets data showing over one million 16-24-year-olds not in work or education. Government is rolling out a youth employment package and new payments to support entry-level hiring.
Premium grills and connected systems are redefining Britain’s outdoor cooking. From Big Green Eggs to Wi‑Fi-enabled models, shoppers are embracing high-end gear as summers grow hotter and longer.
London’s Pride parade has drawn more than 35,000 marchers from 600 groups, with temperatures reaching 28C. Activists urge ongoing protection of LGBTQ+ rights as authorities warn of a zero-tolerance stance on hate crime. The event marks a push for greater trans healthcare access and safe spaces, while London unveils plans for WorldPride 2032.
A cross-industry taskforce led by former John Lewis chair Sir Charlie Mayfield has signed up more than 250 major employers to monitor sickness absence, return-to-work outcomes and disability participation. The aims are to reveal workplace health performance and unlock productivity gains valued at billions. The initiative follows government reforms and ongoing debates about welfare and labour participation.
Skyline Enterprise’s Swansea adventure destination on Kilvey Hill is moving into construction after planning approval and on-site works. The project includes a cable car, a cafe, a zipline, a sky swing and a visitor-focused eco plan. Local opposition fears wildlife loss; council expects economic and employment gains in the first 15 years.
Gatwick Airport is experiencing a continued water supply disruption due to a power outage at a local treatment works. Bottled water is being distributed and contingency measures are in place as authorities work to restore normal service across both terminals.
The Federal Communications Commission has added "advanced robotic devices" — including humanoid robots, four‑legged machines and some connected power inverters — to a list that blocks new foreign-made models from US markets on national‑security and cybersecurity grounds. The rule has taken effect for models not yet authorised; existing authorised devices remain allowed while exemptions can be requested.
Greggs has reported a 7.2% rise in half-year sales to £1.1bn, driven by 34 net new stores and a shifted focus to higher-protein salads and iced beverages. Pre-tax profit has jumped about 20% to £76m as it expands formats and maintains price stability amid inflation; the chain is also trialling Greggs Express in petrol forecourts.
A coalition including supermarkets, charities and farming bodies warns the UK food system faces future shocks as production falls and imports rise. They call for a legally binding Good Food Bill to improve national food security, nutrition and resilience, citing higher prices, climate risks and biodiversity loss.
Sainsbury’s has agreed to sell Argos and the Habitat brand to Swift Partners. The deal will complete in February 2027 with full separation by 2029. Argos will continue to operate normally during the transition, and staff will transfer to Swift. The move allows Sainsbury’s to focus on its core groceries business.
Nathan Owen has been jailed for four years and three months after fabricating a car-acceleration emergency to avoid a finance agreement. Police pursued the Jaguar I-Pace across multiple motorways, but investigations showed the car was functioning and speeds reached up to 86mph before it was stopped.
Diageo has announced a multi-pronged turnaround plan led by Dave Lewis, including capital investment to boost Guinness production, expansion of RTD brands, and aggressive cost cuts. The group expects significant restructuring costs and thousands of job losses as it shifts to a more agile operating model and aims to return to profit growth in the coming years.
UK farmers warn of a strained harvest as a dry, hot July tests crops; while growers embrace warmer English summers for wine, pressures on supplies and pricing rise. Wildfires in France threaten rosé quality; vineyards test batches and some produce may be unsellable. Across Europe, heat waves drive shifts in farming and food supply.
The CMA has provisionalised rules to stop big grocers from blocking rival stores. Aldi and Lidl are now included in the land-use restrictions, alongside Asda, Co-op, Morrisons, Sainsbury’s, Tesco and Waitrose. Final decision expected in October.
VitHit founder Gary Lavin is stepping down as the health drinks brand is acquired by Nichols, which plans to accelerate growth across its distribution network. VitHit generated €26.5m in revenue last year with €4.1m in underlying profits before the sale.