Sweet dreams: dessert parlours help to revive UK’s high streets

Market thought to be worth more than £500m as diners seek cheaper alternatives to the pub or a meal out

Burberry pays new boss almost £2.6m in nine months while axing jobs

Joshua Schulman’s pay includes £380,000 in moving costs as ailing brand plans to cut a fifth of its global workforce

BA and Pizza Express among companies that failed to pay minimum wage

More than 60,000 workers have received back pay worth £7.4m from 518 employers after HMRC investigations

Asda unlikely to see growth before year-end at earliest, says supermarket boss

Sales at UK’s third largest supermarket fell 3.1% in four months to April, as rival Aldi announces big expansion

Children injured, wildlife slaughtered, forests ravaged: is it time to ban disposable barbecues?

Single-use grills are ‘the worst form of litter’, says the boss of Keep Britain Tidy, whose own young son was badly burned by one left on a beach. They’re also a terrible way to cook. Should shops stop selling them?

Shein turns to Hong Kong for flotation as London attempt stalls, reports say

Fast-fashion retailer struggling to gain go-ahead from Chinese regulators for UK listing

UK grocery inflation jumps to highest level in 15 months

Increase of 4.1% in past month driven by rising cost of chocolate, butter and sun cream, says Kantar

UK food inflation rises for fourth month in a row as steaks beef up prices

Annual rate of food price increases hits 2.8% driven by rising cost of fresh produce but price inflation for all goods is falling

‘We trusted them’: East End fishmongers take on the City to save ancient markets

Campaigners say permanent closure of Smithfield and Billingsgate will affect livelihoods and limit access to quality produce

From matcha lattes to Dubai chocolate – how supermarkets fight to cope with TikTok trends

Food fads were once dictated by restaurants, now it is viral videos influencing stores what to stock … and quickly

M&S contractor ‘investigating whether it was gateway for cyber-attack’

Tata Consultancy Services said to be holding internal inquiry into whether its staff or systems were used to gain access

Sunny spring drives biggest jump in retail sales in Great Britain in four years

Sales volumes up 1.2% in April, well ahead of forecasts, as people flock to food and drink outlets

UK private sector shrinking as firms cut jobs; pressure to raise taxes as government borrowing jumps – as it happened

Rolling coverage of the latest economic and financial news

Will cyber-attack threaten M&S’s hard-won return to fashion relevance?

Disruption to online shopping could derail retailer’s successful pivot to cater to fashion-focused customers

The cyber-attack is costly and embarrassing. But M&S should pull through

If £300m can be whittled down to £150m, it’s a big hit but still a long way from upsetting M&S’s broader revival