BUSINESS

EXTRA Linda Hall

Pret profit

COFFEE and sandwich chain

Pret a Manger reported profits of £50.6 million (€58.4 million) for 2022 after making losses of £225.9 million (€260.67 million) in 2021 owing to the pandemic. Sales during the first half of 2023 also rose by 20 per cent to £429.9 million (€496 million), the company said.

Lips sealed

A NATIONAL High Court judge in Madrid is keeping open an enquiry into producer and ventriloquist Jose Luis Moreno who allegedly headed a scheme to defraud banks and private investors of at least €50 million. The judge announced a sixmonth extension to examine all documentation seized during the investigation.

Not safe

AN Aberdeen court fined BP £650,000 (€750,075) following the death of a worker who suffered fatal injuries after falling through an open grating on the lower deck of company’s Unity North Sea oil platform in 2014. The oil company had breached health and safety regulations, the court ruled after an eightday trial.

Not going

MEMBERS of Spain’s Confederation of Business Organisations (CEOE) have voted in favour of removing the existing restriction that limits presidents to serving two consecutive four ­ year terms. This clears the way for its current president, Antonio Garamendi, to continue at the head of the association for a third term.

Argos exit

ARGOS, owned by Sainsbury’s, which is shutting 100 stores between now and 2024, has already closed four stores in England with 34 planned for Ireland. The catalogue retailer confirmed that some will close next month, starting with the Grimsby centre which relocates to Sainsbury’s between August 9 and 10.

BRITAIN’S Competition and Markets Authority (CMA) saved consumers more than £2 billion (€2.3 billion) between April 2022 and March 2023.

According to the CMA’s Annual Report and Accounts, it generated £26 (€29.9) for every £1 (€1.15) it spent, up from the previous year’s £22.50 (€25.9). This was comfortably higher than the UK government’s £10 (€11.52) target and saved consumers around £8 billion (€9.2 bn) over the last three years.

Meanwhile, the watchdog has responded to major issues that included cost of living increases, while launching a project that focused on supermar­