Sainsbury’s sees rising sales despite ‘uncertain’ outlook November 8, 2018 Sainsbury’s posted growth in underlying profit for its half-year results today, despite highlighting an 'uncertain' outlook ahead of the Christmas spending period. The figures Like-for-like sales climbed 0.6 per cent year on year during the six months, rising from the 0.2 per cent growth it reported for the first quarter of the year. That helped revenue hit £16.8bn, up [...]
Amazon eyed buying Waitrose but was held off by John Lewis Partnership May 6, 2018 Amazon considered an acquisition of Waitrose last year, but was blocked from entering formal talks, reports suggest. A senior executive at the online shopping giant’s UK arm pushed for a meeting with the John Lewis Partnership but was “shut down” by the board, the Sunday Times reported today. The tech company’s acquisition of Whole Foods [...]
Coinbase announces a new deal to let you pay for your Uber with crypto | City A.M. July 25, 2018 Coinbase has today revealed a new partnership that will allow you to pay for physical goods and services from your favourite retailers with cryptocurrencies. The deal, which will be powered by WeGift, enables Coinbase users to buy an electronic gift card, load it with cryptocurrency from their Coinbase wallet and then use them at over [...]
How to invest in Veganism September 16, 2019 We have a look at how companies are responding to the rise in veganism and explain how investors and traders can capitalise as people around the world begin to reduce their meat intake and consume more plant-based alternatives. Many food products are naturally friendly to vegans, like vegetables, which means the vegan market is already [...]
City Moves for 24 September 2018 – who’s switching jobs at RHI Magnesita, Saga and Wiggin? September 24, 2018 Today's City Moves covers industries, insurance and legal eagles. Take a look at these movers and shakers: RHI Magnesita RHI Magnesita has nominated Ian Botha, currently CFO of Anglo American Platinum, has been nominated, as new CFO and finance director for appointment in the 2019 annual meeting. Ian will join the company on 1 [...]
Competition and Markets Authority starts scrutiny of Sainsbury’s-Asda merger ahead of formal investigation May 18, 2018 The Competition and Markets Authority (CMA) said today it was kicking off its scrutiny of the proposed merger between supermarket giants Sainsbury’s and Asda. Sainsbury’s announced at the end of last month that it intended to merge with Asda, which is currently owned by Walmart in the US. The two have said a deal will [...]
From cricket paté to worm salad, insects are the planet-saving diet of the future October 23, 2018 The health trend is a peculiar thing. Societies have long been captivated by the latest in-vogue recipe or ingredient, often for calorie-reducing and appearance reasons. From the Victorian fad of adding arsenic to diet regimes, to 1920s tobacco companies promoting cigarettes as appetite-suppressants, trends designed to help the public lose weight have long been popular – [...]
How would a potential merger affect Big Four supermarket giants Asda and Sainsbury’s? May 2, 2018 Earlier this week grocery giants Asda and Sainsbury’s sent shockwaves through the retail industry as they announced merger plans. If the proposal is successful, the new organisation could overtake Tesco as the UK’s largest retailer. There are some obstacles to clear before the merger is confirmed of course. The Competition and Markets Authority will have [...]
Deliveroo and Just Eat break into WPP most valuable brands league table September 20, 2018 Takeaway firms Deliveroo and Just Eat have broken into the ranks of the UK's most valuable brands, according to new analysis published today. The companies have broken into the top 75 list for the first time, as Deliveroo came 64th with a value of $888m while Just Eat nabbed 30th place with a brand value of $2.5bn. [...]
Deliveroo and Just Eat break into WPP most valuable brands league table September 20, 2018 Takeaway firms Deliveroo and Just Eat have broken into the ranks of the UK's most valuable brands, according to new analysis published today. The companies have broken into the top 75 list for the first time, as Deliveroo came 64th with a value of $888m while Just Eat nabbed 30th place with a brand value of $2.5bn. [...]