TRAVEL & LEISURE 10:00am

Manchester United cuts its debt costs

Interest payments to fall by £10m a year after refinancing

TRAVEL & LEISURE 8:34am

Australia’s Crown exits Echo Entertainment

Packer group sells entire 10% stake to focus on hotel plans

PERSONAL & HOUSEHOLD GOODS 3:59am

McDonald bows out after investor criticism

Activists say company had lost its way under chief executive

RETAIL 12:17am

Sears suffers falling US sales

Hedge fund manager-turned chief calls quarter ‘unacceptable’

Alan G. Lafley ©Bloomberg PERSONAL & HOUSEHOLD GOODS 11:39pm

P&G brings back veteran Lafley as chief

Embattled Bob McDonald stepping down at end of June

Lombard from FINANCIALS 9:29pm

Lloyds and BofA owe apology over SJP

Some investors taken aback by UK bank’s move

RETAIL 7:29pm

Buyout groups target US retailers

Rue21 has hallmarks of a typical buyout target    

A Big Mac is displayed at a McDonald's shop in Tokyo 05 September 2007. A Japanese government website crashed as people raced to take up an offer of a half-price McDonald's hamburger in exchange for pledging to fight global warming. The Japan McDonald's will sell a Big Mac for 150 yen (1.3 USD), about half the normal price, to anyone demonstrating a commitment to preventing climate change from 07 September to 30 September. ©Getty FOOD & BEVERAGE 7:02pm

McDonald’s defends on obesity concerns

Company responds to allegations of targeting children

Ralph Lauren, official Wimbledon outfitters, has unveiled a 35 per cent increase in fourthquarter ©Arnaldo Anaya RETAIL 6:07pm

Ralph Lauren profits overcome weaker sales

Ongoing macroeconomic pressures weigh on retailer

6:06pm

Tesco paid £3m to two outgoing directors

Retailer lowers incentive targets and changes bonuses criteria

From LEX 5:48pm

SABMiller: EM boost

Emerging markets drive most of its group’s 14% growth

TRAVEL & LEISURE 5:40pm

M&B warns of subdued consumer confidence

Group to target key customers in an up to £80m capital spend plan

5:31pm

Halfords down as dividend cut

Retailer will spend £100m over three years on stores

FOOD & BEVERAGE 3:54pm

SABMiller lifts revenues to $34.5bn

Turnover rises 7% despite move to curb trading hours

Inside Business from FOOD & BEVERAGE 2:05pm

Glass half empty at Heineken

Has the brewer been slow to seize opportunities in new markets?

FOOD & BEVERAGE 1:43pm

Booker pre-tax profit rises 13% to £101m

Growth across the business lifts sales to £3.99bn

From WORLD 1:22pm

Brussels puts olive oil jugs back on the table

Move follows public outcry over perceived bureaucratic over-reach

1:03pm

Store closures help Mothercare trim losses

Retailer to boost online sales through exclusive deals

From LEX May 22, 2013

Best Buy: money munching machine

Beat-up electronics retailer boasts modest return on capital

From MEDIA May 22, 2013

Penguin pays $75m to resolve ebook claims

Paves way for completion of merger with Random House

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