Retailers look further afield to tackle lettuce crisis after vegetable shortage hits supermarkets February 8, 2017 The lettuce crisis (yes it has really been called that) has taken hold to such an extent that retailers are frantically searching for other options. The UK relies on a range of growers across southern Europe for its veg stocks in the winter, but some extreme weather has meant extremely bare supermarket shelves after the harvest [...]
Everything you need to know about Black Friday: Get a Samsung TV, Apple iPad, DKNY perfume and more all on the cheap November 25, 2016 If you're trying to buy all your Christmas presents online without your boss noticing, we're on hand to help. Here's everything we know about Black Friday deals so far, all in one place: John Lewis The department store has announced deals on Samsung TVs, KitchenAids, DKNY perfume, casserole dishes and more. Apple The tech giant [...]
Marmitegate is back: Now Morrisons is increasing the price of Marmite October 28, 2016 Remember when Marmite broke the internet a couple of weeks ago when Tesco and Unilever locked horns over pricing and Tesco threatened to stop selling the yeasty spread? Well, it now looks like Marmite really is in trouble, after Morrisons admitted it needs to hike its price by a whopping 12.5 per cent, according to retail [...]
City Moves for 20 March 2017 – who’s switching jobs at Keystone Law, MarketInvoice and Sage Group March 20, 2017 Today's City Moves cover legal eagles, peer-to-peer finance and enterprise software. Take a look at these movers and shakers: Keystone Law Chancery Lane-based law firm Keystone Law has appointed five senior lawyers across its residential property, regulatory, dispute resolution, employment and private wealth teams. Katie Cohen (pictured) will join Keystone as residential property partner. She [...]
Morrisons (MRW) share price fell this morning after it reported strong profit and sales growth – here’s how City analysts have reacted March 9, 2017 Shares in Morrisons dipped by 4.6 per cent at the open, after the supermarket reported annual profit and sales growth for the first time in four years this morning. Turnover was up 1.2 per cent to £16.3bn, while profit before tax rose by 49.8 per cent, to £325m, signalling that chief executive David Potts' turnaround is [...]
Popcorn group Propercorn snaffles up £7m investment to help with UK and overseas expansion January 16, 2017 Gourmet popcorn company Propercorn has snaffled a £7m investment from JamJar Investments and Piper Private Equity. The fast-growing popcorn brand, founded in 2011 by Cassandra Stavrou and Ryan Kohn, will use the cash injection to support its plans for growth in the UK and overseas. Propercorn was advised on the investment by London law firm [...]
Microwave meal maker Bakkavor set for London float January 15, 2017 Ready meal maker Bakkavor is considering a float on the London stock market, according to reports. The firm, founded in 1986, manufactures microwave meals for supermarkets including Waitrose, Sainsbury's, Tesco and Marks and Spencer. The company also supplies fresh goods such as lettuce, tomatoes and sweet potatoes. According to the Sunday Times, Bakkavor has enlisted Rothschild to [...]
Waitrose has been crowned the UK’s best supermarket February 16, 2017 Aldi and Lidl might be snatching market share from their rivals – but one middle class stalwart is still at the top of the nation's affections, according to a new survey. The report, by Which?, has crowned Waitrose the UK's best supermarket, above rivals Marks & Spencer, Aldi and Lidl. Meanwhile, Asda came bottom of the [...]
City Moves – who’s switching jobs at Legal & General, Northern Trust and Jackpotjoy March 17, 2017 Today's City Moves cover insurance, wealth management and online bingo. Take a look at these movers and shakers: Legal & General Legal & General has appointed Dharshini David as corporate affairs director. Dharshini will take up the appointment at the end of March and will report to group CEO, Nigel Wilson. She will be responsible [...]
Tesco’s share price soars as supermarket beats expectations for Christmas trading as sales rise January 14, 2016 Tesco has beaten expectations for its Christmas trading, with sales up for the six weeks to 9 January, prompting the supermarket's share price to soar more than seven per cent this morning. The figures The UK's largest retailer grew group sales by 2.1 per cent in the six weeks to 9 January, with UK like-for-likes [...]