Hammerson sells retail parks to Brookfield in £330m deal

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Commercial landlord Hammerson has sold its last remaining retail parks to a Canadian investor for £330 million. The company said its Middlesbrough and Falkirk sites...

Next boss sees pay balloon to £3.4m despite pandemic woes

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The boss of Next has seen his annual pay soar to a five-year high of £3.4 million thanks to a bumper shares award as...

Cashback in shops ‘must be part of wider strategy to help those relying on...

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Changes to enable cashback without purchase in shops must be part of a wider strategy to make sure people are not cut off from...

Argos to close Somerset distribution site ‘with 230 jobs at risk’

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Argos has said it is set to close its Somerset distribution site. The Unite union has warned that the move will put “230 jobs at...

Primark to repay £121 million in furlough cash despite falling sales

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Primark’s owner will repay £121 million in furlough money claimed under government job retention schemes and pay out a dividend to shareholders despite a...

LINK welcomes new legislation to introduce free cashback from retailers’ tills

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LINK, the UK’s main ATM cash machine network, has welcomed legislation supported by the Government that will help to facilitate a potential nationwide rollout of free cash withdrawals from participating retailers’ tills.  The legislation forms...

Billionaire Issa brothers buy fast food chain Leon

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Blackburn billionaire brothers Mohsin Issa and Zuber Issa, who own supermarket giant Asda, have bought the fast food chain Leon. The brothers’ petrol forecourt business...

Primark owner to unveil sales slump after months of closures

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Primark owner Associated British Foods (ABF) is set to unveil a slump in sales and profits after the high street giant was hammered by...

Up to 1,200 jobs at risk as Asda plans to overhaul in-store bakeries

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Supermarket chain Asda has started consulting with more than 1,000 staff over its plans to overhaul its in-store bakeries. The company said that it was...

British Land looks to retail parks as rent remains hit by Covid

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One of the UK’s biggest commercial landlords has signalled a shift towards retail parks as it managed to collect just over half the retail...