Shake Shack soars to $1.7bn on debut

Shares in burger chain leap from $21 issue price to $47 opening

Sir Ian Cheshire
©Daniel Jones

Cheshire pulls out of Tesco chairman race

Ex-Kingfisher chief leaves field open for former Dixons executive

Inchcape picks chief as UK car sales rise

Bacardi executive to take wheel at FTSE 250 retailer

Retail spending up as confidence returns

Consumer barometer jumps to highest level since summer

Shake Shack burgers valued at $745m

High-end American chain sells shares above range at $21

Amazon profit offers relief to investors

Ecommerce group’s investments lift Prime membership by 53%

Argos to open outlets in Sainsbury stores

Supermarket is one of many groups grappling with excess space

McDonald’s struggles to maintain empire

New chief inherits challenges worldwide

Rio Tinto’s Mongolian wrangle

PM Saikhanbileg’s idea of a referendum on mineral resources by text message will exasperate mining group

Carlsberg to close two Russian breweries

Regulatory clampdown and plunging rouble take toll

LG hurt by smartphone competition

Fourth-quarter earnings weaker than expected

Diageo’s first-half profits sink 23%

World’s biggest distiller shows optimism for second half of year

Alibaba: not too big to regulate

Ecommerce group and Chinese authorities are locking horns

How does Apple top a record quarter?

Back to forecast-beating ways, company faces challenge of living up to raised expectations

Shake Shack: Mystery meat

The burgers are tastier than its reporting metrics

H&M more cautious than Ikea on Europe

Top retailers differ over strength of sales recovery

Sofa maker ScS settles back into market

Shares rise on their return to London after 2008 rescue deal

Tesco closures will hit up to 2,000 jobs

Retailer wields axe on 43 stores in bid to cut overheads by 30%

Alibaba denies misleading investors

Chinese regulator says group failed to reveal counterfeits probe

Sony to axe another 1,000 smartphone jobs

Rise of cheaper Chinese rivals prompts wider overhaul

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