Tesco’s profit surges as lower prices draw in consumers April 10, 2024 Britain’s biggest supermarket, Tesco, has traded in line with raised expectations, posting a total operating profit of £2.8bn for the full year. This morning, chief Ken Murphy thanked a slew of price cut schemes for the lift, which saw profit exceed the board’s expectations by £50m last year. Group sales were up 7.4 per cent [...]
Costa Coffee boss swaps frappes for fries with McDonald’s move July 13, 2022 The boss of Costa Coffee will step down to take up a top job at McDonald’s shortly. Jill McDonald, who has headed the high street chain since 2019, will take up the role of executive vice president and president for the brand’s international operated markets team. The move will mark a homecoming for McDonald, who [...]
Coronavirus: Ikea opens Swedish food markets for key workers April 8, 2020 Ikea has opened the food markets at its London stores to serve key workers during the coronavirus pandemic. The Swedish retail giant has opened food halls at its Tottenham and Greenwich sites, which are located close to local hospitals. The Ikea markets will be open to NHS and emergency service workers as well as the [...]
What to do in London this weekend: Art, theatre and more in the capital August 3, 2023 We may be elbow-deep in the wettest summer in recent memory but that doesn’t mean you can’t still have some weekend fun. Here are some ideas to spice up your weekend, from art in Bermondsey to a day-trip to Margate. Anselm Kiefer – Finnegans Wake at White Cube BermondseyThis exhibition, made up of paintings, sculptures [...]
Eurozone inflation falls to lowest level in two years in sign the ECB’s rate hikes worked September 29, 2023 Inflation in the euro zone fell to its lowest level in two years in September, suggesting the European Central Bank's steady diet of interest rate hikes was succeeding in curbing runaway prices albeit at a growing cost for economic growth.
Mark Kleinman: Tate & Lyle’s sweet deal isn’t just for taste July 18, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at Tate & Lyle’s , the Telegraph auction and a Staveley’s pitchside plays
‘We have to rethink the narrative’: Mariana Mazzucato on how Labour should address an era of crisis July 17, 2024 Still, Keir Starmer was elected on a platform of change and, as Milton Friedman once said, "only a crisis - actual or perceived - produces real change." For Friedman, a government's response depended on the ideas that are "lying around".
Feels Like June restaurant review: A summer rush of escapism in Canary Wharf August 10, 2022 There’s nothing like being a tourist in your own city. Sometimes I go to Canary Wharf to pretend I’m in Downtown New York, with its vertiginous skyscrapers, wide thoroughfares that expand alongside water basins, and steakhouses and cocktail bars offering solace to tired bankers. New Canary Wharf restaurant Feels Like June sounds like the perfect [...]
Houthi strikes: Drone and missile launch sites destroyed, Rishi Sunak tells MPs January 15, 2024 Drone and ballistic missile launch sites were destroyed in “carefully targeted” strikes by Britain and the US in Yemen last week, Rishi Sunak has told MPs.
Primark to introduce ‘selective’ price increases to offset pressures April 26, 2022 The owner of Primark has said it will be forced to raise prices on “selective” products in its autumn/winter ranges and issued a margin outlook warning. Associated British Foods (ABF) said its half-year sales and operating profit for the group returned to pre-Covid levels, in interim results for the 24 weeks ended 5 March 2022. [...]