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Food & drink

FIVE at FIVE: retailer's face dark future, trains price hike, pub sales down, SBF associates plead guilty

1. Can retail survive a recession in 2023 and what chains to back if it can

War in Ukraine, soaring inflation and a cost-of-living crisis have all contributed to warnings from retailers

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2. Commuters hit by 5.9% price hike in train fares from March 2023

Today's hike is the biggest since the 6.2% rise in 2012.

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3. FTSE 100 retreats as bears take hold after new data indicates recession

At the close, the UK's blue chip index has retreated 0.4% to 7,469 points.

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4. Pubs sales in the City of London battered by post-World Cup rail strikes

According to Kate Nicholls, chief executive of trade group UKHospitality, takings in the past week were nearly half of pre-pandemic levels.

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5. Sam Bankman-Fried thrown under bus by former associates

Two former close associates of the disgraced crypto mogul have pleaded guilty to criminal charges relating to the collapse of FTX.

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