Thousands of restaurant businesses in Britain could go bust because the fall in sterling since the Brexit vote has sharply raised the cost of imported food and wine, an accountancy firm has warned.
Howard Schultz will step down as Starbucks chief executive – again.
The creator of the Big Mac, one of the most popular fast foods in the world, has died aged 98. Jim Delligatti was a McDonald’s franchisee who came up with the idea in 1967 because he said customers wanted a bigger sandwich.
The financial reporting watchdog will investigate accountancy firm Grant Thornton for signing off on an arrangement between Sports Direct, majority-owned by Mike Ashley, and a delivery firm owned by his brother.
Former BHS workers and trade union representatives are to descend on the headquarters of Sir Philip Green’s retail business in an attempt to force him to fill the £571m deficit in the collapsed department store chain’s pension scheme.
The boss of the Institute of Directors will on Monday warn top bosses that the vote for Brexit and the election of Donald Trump will result in greater scrutiny of boardroom behaviour and executive pay.
The CBI, working itself up into a fine fury, tells us the new national living wage will have a “dramatic impact” on corporate profits. Not at Next, it won’t, assuming the company’s chief executive, Lord Wolfson, has got his calculations correct, which is usually a safe bet.
Shake Shack is taking a big bite out of the burger market.
An epic four-day splurge by consumers shopping online is expected to result in retailers breaking sales records. Between Black Friday last week and the close of Cyber Monday, shoppers will have spent more than £3bn, analysts believe.
Nomura has appointed Jim Leng as Non-Executive Chairman of Nomura Europe Holdings.
Asda is cutting about 200 jobs at its head office in Leeds after the supermarket endured a tough Christmas trading season.
HMV will continue its remarkable turnaround in the run-up to Christmas, embarking on an international expansion drive just two years after falling into administration.
The Volkswagen diesel emissions scandal has deepened after US authorities accused the carmaker of installing defeat devices into luxury sports cars including Porsches.
Shell has reported an 87% collapse in annual profits to $1.9bn despite axing thousands of jobs.
Rolls-Royce is said to be preparing to allow ValueAct a seat on its board after the US activist investor sought to reassure the company and its shareholders it was a long-term backer with the right experience to help revive the embattled engineering business.
The link between executive pay and company performance is “negligible”, according to a study that will fuel arguments for reform of corporate wage packets.
Sports Direct is selling Dunlop, the sportswear brand known for its green flash tennis shoes, to a Japanese buyer in a surprise $137.5m (£112m) deal.
Sir Philip Green wants the Pensions Regulator to force Dominic Chappell, the former owner of BHS, to put money into the failed retailer’s pension fund as part of any settlement to resolve the £571m deficit in the scheme.