McColl's, Manchester Airport and Boohoo - Your weekend BusinessLive newsletter

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Welcome to your BusinessLive North West weekend newsletter

Welcome to the latest edition of our BusinessLive North West weekend email newsletter - a chance to get up to speed on what's been happening - as well as a look at what's to come.

One of the biggest business stories this week was the collapse of convenience store chain McColl's into administration.

The listed company has confirmed plans to appointed PwC as administrators following a possible deal with Morrisons being rejected.

It then emerged that the billionaire Issa brothers, who also own Asda, were attempting to agree their own takeover deal.

A further announcement is expected to be made on Monday.

Read the full story here

Have you seen our BusinessLive North West LinkedIn page?

It was also announced this week that hundreds of new staff have been hired by Manchester Airport in an effort to ease the on-going travel chaos at the transport hub.

More than 1,600 people applied for jobs at the airport in April while 500 new recruits are currently going through security training and vetting processes.

A total of 60 new starters joined last month, with a further 200 expected to join in May.

Read the full story here

BusinessLive reported how Boohoo's pre-tax profits had slumped by more than 90% during its latest financial year because of the Covid-19 pandemic and a rise in return rates.

The group posted profits of £7.8m for the 12 months to February 28, 2022, down from the £124.7m it reported during the prior year.

The fall was despite Boohoo's revenue increasing from £1.745bn to £1.982bn.

Boohoo's brands include BoohooMAN, Karen Millen, Nasty Gal, PrettyLittleThing, Coast, Misspap, Oasis, Warehouse, Burton, Wallis, Dorothy Perkins and Debenhams.

Read the full story here

And finally, I'd like to draw your attention to BusinessLive's weekly feature interview.

This week we spoke to Steve Byrne, the CEO of Travel Counsellors, about the company's plans to reach a turnover of £1bn in the next five years.

He also reveals how the business is bouncing back from the Covid-19 pandemic and whether the growth in demand seen across the industry is sustainable.

Read the full interview here

Have a great rest of your weekend!

Jon Robinson, North West Business Editor

More big North West stories from you may have missed this week:

Get in touch with us!

Is there something specific you'd like us to write about or just some feedback to share? Send an email to Jon Robinson.

Next week's business diary

Monday, May 9

- Bank of England MPC member Michael Saunders: Speech at Resolution Foundation

Tuesday, May 10

- Trading updates: Renishaw

Wednesday, May 11

- Finals: Vertu Motors

- Interims: Brewin Dolphin, Compass, Tui

- Trading updates: Dignity, ITV

Thursday, May 12

- Finals: BT Group

- Interims: Grainger

- Trading updates: Balfour Beatty, Coca-Cola HBC, Hargreaves Lansdown

Friday, May 13

- Finals: Revolution Beauty

- Interims: Sage Group

See more stories

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McColl's, Manchester Airport and Boohoo - Your weekend BusinessLive newsletter

Have you seen our BusinessLive North West LinkedIn page?

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