Arm’s former chairman is back, and this time at a startup November 14, 2016 The former chairman of ARM, who led its sale to SoftBank for billions of pounds in one of the biggest deals of the year, has joined a startup. Stuart Chambers will join London-based adtech startup Ve Interactive as non-executive chairman just weeks after the Arm-SoftBank deal closed. "I have rarely come across a company which is as rich [...]
Corporate governance: the Institute of Directors’ best and the worst September 7, 2016 While British American Tobacco’s (BAT) products may be the subject of various health warnings, it has topped a corporate governance health-check by the Institute of Directors (IoD). Supermarket giant Tesco, meanwhile, brings up the rear in a new governance ranking of the UK's top 100 companies. BAT performed particularly well in terms of dealing with its shareholders and [...]
When it comes to retailer abuse of suppliers, Tesco is just the thin end of the wedge January 26, 2016 Tactics used by Tesco to delay or reduce payments to suppliers in order to make its own financial performance look better are common practice in the retail sector. It is not unusual for larger customers to put undue pressure on suppliers; either by failing to make payments on time or by demanding cost reductions or [...]
Tesco share price falls as Serious Fraud Office’s investigation is set to conclude January 25, 2016 A criminal investigation into Tesco, the UK's biggest retailer, by the Serious Fraud Office (SFO) is set to come to a conclusion after more than a year, according to Cantor Fitzgerald analysts. The investigation, launched in October 2014 after a multi-million pound profit black hole was uncovered at the supermarket, had been due to be resolved by the end of last year. [...]
Shock, horror, Bovril: Here’s how Twitter has reacted to Marmitegate October 13, 2016 A nation is in shock after Tesco said it is locked in a battle with Unilever over a potential 10 per cent price hike. As it stands, Tesco has admitted it may start to run out of Unilever's brands, which include Dove and Persil. And experts have warned this may not be the last threatened shortage of household staples in [...]
Half of us will buy Christmas dinner at discount supermarkets this year December 7, 2016 Nearly half of us are going to buy our Christmas meal from one of the discount supermarkets this year. Aldi and Lidl have steadily being growing their share of the grocery market as shoppers looking for cheaper and cheaper prices. Read more: Iceland Foods wants "peaceful coexistence" with Iceland (the country) But, the discounters have [...]
Tesco to drop diesel prices further to 97.7p from today January 22, 2016 Tesco has said it will drop its diesel prices even further, committing to lowering the price of the fuel to 97.7p at all of its 500 filling stations from midday today. The supermarket was one of many to bring the price of diesel below £1 at the start of the year, alongside Sainsbury's, Asda and Morrisons, [...]
Budget 2016: Tesco boss Dave Lewis urges government to reform business rates, warning that retail jobs could be lost without it March 14, 2016 Tesco boss Dave Lewis has urged the government to reform business rates, claiming the "completely disproportionate" status quo will put further pressure on jobs in the retail sector. Lewis has doubled down on his criticisms of government policy last year, when he slammed a number of issues including the "unsustainable" rates regime. "Drastic Dave" backed a [...]
Ex-Sainsbury’s boss Justin King thinks the price of your weekly grocery shop is about to rise five per cent November 23, 2016 Sainsbury's boss Justin King is one of those retail legends who, like former Tesco chief exec Sir Terry Leahy, had the foresight to get out just as things were about to get hairy. Now King has used that foresight to suggest the price of your weekly shop could be about to leap. In an appearance [...]
Here are five of the best alcohol-free and low alcohol beers to drink during Dry January January 5, 2017 Although you might have imagined yourself spending Dry January at the gym, cooking up healthy meals in your kitchen or proudly mastering the art of the homemade mocktail, chances are you'll find yourself in a pub at some point. Before you give in and order your standard pint, try one of the many surprisingly flavourful low or zero or [...]