Friday newspaper round-up: HMV, Man United, business confidence

HMV is to return to its former flagship store on London’s Oxford Street after a four-year absence. It is expected to reopen towards the end of this year, in time for Christmas. The store was empty for an extended period after the music and entertainment company vacated the site in 2019, before most recently becoming home to one of the many American candy stores that popped up on Oxford Street during the pandemic. – Guardian

The protracted Manchester United takeover saga should move a step closer to resolution over the next 24 hours with bidders being told to submit their third and best offer for the club by 10pm BST on Friday. The expectation is that the Glazer family – with the help of the Raine Group, the banking firm charged with brokering the sale – will then choose a preferred bidder next week. – Guardian

Amazon shares jumped on Thursday after the online retail giant bucked a global inflation crisis to post its best profit in more than a year. The online retail giant said sales had climbed by 9pc in the first quarter of the year to $127.4bn (£102bn), above the company’s own financial forecasts. – Telegraph

Business confidence reached its highest level since May last year as bosses become more optimistic about the wider economy, a new survey has found. Confidence reached 33 per cent on the monthly index this month, up from 32 per cent in March, the latest monthly sentiment index by Lloyds Bank showed. – The Times