RAC: Tesco, Sainsbury’s, Asda and Morrisons have more than doubled fuel margins since Ukraine war July 22, 2023 Supermarkets have more than doubled their margins on fuel since the Ukraine war began, according to research from motoring firm the RAC. The ‘big four’ supermarkets – Tesco, Sainsbury’s, Asda and Morrisons – have seen the profits they make per litre of diesel and petrol rise from 4.7p to 10p since the Russian invasion started in [...]
‘Ready to govern’: Starmer’s conference address commended by Labour – and even one Tory MP October 10, 2023 Keir Starmer’s speech was described as “rousing” and “inspiring” by Labour conference-goers who crammed into a packed hall for his address.
Misery index gives cause for hope September 23, 2024 There is an unmistakable inverse correlation between emiserating factors like unemployment, wages and house prices and consumer confidence, but new analysis suggests things may be looking up, says James Sproule The cost-of-living crisis may be difficult to define or quantify, but it is easy enough to feel – and misery has been felt not just [...]
BA owner IAG expects £1bn profit due to strong summer October 13, 2022 British Airways’ owner IAG expects its pre-exceptional operating profit for the third quarter to be around €1.2bn (£1bn) after better than expected trading. The airline consortium said strong passenger revenue drove profits while forward bookings remained at expected levels, showing no signs of slowing down. Shares went up as high as 10 per cent following [...]
Supermarkets ‘implored’ to lower forecourt fuel prices after steady wholesale drop November 28, 2022 Motoring group the RAC has urged supermarkets for not lowering prices in forecourts despite wholesale fuel going down in price. The car-owners’ organisation appealed to the big four – Tesco, Sainsbury’s, Morrisons and Asda to make consumers’ lives easier amid the cost of living crisis. In new figures released, the RAC showed wholesale fuel prices [...]
Letter: FCA starts a race against time August 8, 2022 [Re: FCA reveals major consumer regulation shake-up but delays deadlines after industry protest, July 27] The three-month extension for financial services firms to implement the FCA’s new Consumer Duty requirements is something of a double-edged sword. While extra time has been welcomed by the industry, it may have overshadowed a more pressing part of the [...]
2022 worst year for UK car production in decades, but sector hopes to bounce back January 5, 2023 2022 was the worst year for car production in the UK since 1992, according to new data published today. Figures from automotive trade body the Society of Motor Manufacturers and Traders (SMMT) show that car registrations totalled 1.61 million in 2022, only just higher than 1992’s 1.59 million. Last year’s output was down 700,000 units [...]
Half-term strike action to bring chaos at British Museum January 28, 2023 Fresh strikes have been called by the biggest civil service union in its long-running dispute over jobs, pay and pensions. Members of the Public and Commercial Service union (PCS) at the British Museum will take industrial action during February half term. More than 100 members of the museum’s visitor services and security teams will take [...]
Deliveroo shares slide as £1.9bn reported revenue fails to bolster market confidence in food delivery favourite March 16, 2023 Deliveroo shares have continued to pedal downwards this morning as investors struggle to regain confidence in the brand following its decision to slash some 350 job roles and disastrous IPO listing. It comes as the food delivery group, which has seen its share price fall consecutively over the past 12 months due to tough market [...]
Tortilla Mexican Grill’s revenues shoot up by 60 per cent after snapping up rival but inflation and industry pressures bite July 18, 2022 A Mexican food giant experienced a big spike in revenue following a key acquisition and expansion across the UK. Tortilla Mexican Grill’s group revenue was up 60 per cent in the first half of 2022 compared to 2019. This comes after the firm bought out Chilango for £2.75m, taking on its eight sites across the [...]