Sainsbury’s sales slip in ‘tough’ supermarket environment July 3, 2019 Sainsbury’s sales fell in its latest quarter, the supermarket revealed today, as boss Mike Coupe warned of the consequences of a no-deal Brexit. Like-for-like sales slipped 1.6 per cent year on year for the four months to the end of June while retail sales dropped 1.2 per cent, piling pressue on Coupe after the supermarket’s [...]
Police apologise to couple arrested over Gatwick drone chaos December 29, 2018 Sussex Police has apologised to a couple arrested following chaos caused by drones at Gatwick Airport. Chief constable Giles York told the Today Programme he was "convinced the grounds for arrest were well-founded" at the time. Paul Gait and Elaine Kirk, who were arrested and held for 36 hours before being released without [...]
Game plays with higher profits to buck high street worries March 21, 2019 Profits soared at video game retailer Game’s parent company in the first six months of the financial year, even as revenue fell by nearly five per cent. The figures Game Digital’s profits before tax increased over 20 per cent to £14.8m, however gross profit contracted 1.2 per cent to £122m. Read more: Game shares boosted [...]
Shopping centre put up for auction for £1 as retail sector looks to a challenging 2019 January 18, 2019 Worries on the high street were compounded this morning as a Scottish shopping centre was put up for sale for a solitary pound. The Postings Shopping Centre in Fife boasts a pharmacy, a bakery and a cafe over 80,618 sq ft. Read more: Retail sales fall as 'suffocating' Brexit uncertainty envelopes UK high streets However it [...]
Mixed bag for Britain’s grocers as market cools despite record Christmas spending forecasts December 11, 2018 Shoppers have been taking fewer trips to the supermarket in recent weeks after a bumper summer of demand, according to new data that suggests Britain's grocery sector has slowed to its lowest rate of growth in more than a year. Despite projections that spending this Christmas will break UK records, the supermarket sector grew at two [...]
Vodafone rings cynical tone with token gesture on executive pay July 12, 2019 Talk about a late call. By the time Vodafone signalled a concession this week over long-term share awards granted to its top executives, the damage had already been done. The “voluntary request” (a phrase underlining the City’s talent for tortured tautology) made by Nick Read and Margherita Della Valle has stuck in the craw of [...]
Easyjet losses soar to £275m on higher fuel prices and Gatwick drone chaos May 17, 2019 Losses shot up at Easyjet to £275m in the first half of the year, in line with expectations, the company showed this morning as it was forced to deal with lower revenues per seat. The figures Easyjet saw losses before tax deepen to £275m in the six months to the end of March, figures showed today. The [...]
Interim Debenhams chair shortlisted for Moss Bros role February 1, 2019 The interim chair of Debenhams could be in line for the role of chair at suit retailer Moss Bros. According to Sky News, Terry Duddy has been shortlisted as a potential successor to current Moss Bros chair Debbie Hewitt, who will step down from her role later this year. Duddy took on the chairman role [...]
Joules chief executive to resign after five years in charge of fashion retailer April 1, 2019 Joules chief executive Colin Porter has announced plans to retire after five years in charge of the fashion retailer. Shares slid more than three per cent after Porter, who has been with the business since 2010, revealed he would resign before the end of the next financial year. Read more: Joules boss Colin Porter to [...]
Aisle be damned: The knives are out for big UK grocers January 9, 2019 Aldi and Lidl’s tills jingled all the way in December – handing them their highest-ever combined market share for the festive season, data from Kantar Worldpanel showed this week. All the major supermarkets lost market share in the 12 weeks to 30 December as Aldi’s sales jumped 10.4 per cent while Lidl’s were up 9.4 [...]