New data by the Association of Convenience Stores (ACS) has revealed that convenience stores have slashed 2,000 jobs over the past 12 months.
Business confidence plunged this month across the UK's services sector as mounting cost pressures and weak demand hit profits and undermined the outlook for the rest of the year. The CBI's latest service sector poll found that a majority of companies were gloomy about their prospects and discounted the acceleration in activity that usually follows the return to work after the summer break.
Walmart has a plan to stay profitable as President Donald Trump's tariffs push up costs. It's called advertising. In the second quarter, Walmart's ad revenue jumped 46% year over year, a number padded by the addition of Vizio, the smart TV maker it picked up last year. Strip that out, and the U.S. business still looks strong: Walmart Connect, its retail media network, grew 31%.
Confidence among UK small business owners remains strong in 2025 despite rising costs and economic uncertainty. Nearly half reported stronger business performance this year compared to the last.
Greggs reported a 6.9% rise in total sales to £1.3 billion in the first half of the year, with like-for-like sales increasing by 2.6%. However, sales momentum sharply declined in June due to record-breaking heat, leading to reduced foot traffic and weaker demand for core products.
