Grocers set for £550m tax reduction over next three years January 3, 2023 UK supermarkets and grocers will benefit from an almost £550 million tax cut over the next three years, according to new analysis. It comes after more than half a million retail properties in England and Wales were revalued as part of a shake-up to the business rates system of property taxes. Analysis of official government [...]
Tesco share price: Analysts watch grocer’s market share April 9, 2023 Tesco is expected to reveal a dip in profits for the past year as the supermarket group grappled with rampant food and drink inflation. The UK’s largest retailer will update investors and analysts over its financial performance for the year to February in an update on Thursday April 13. A consensus of analysts has said [...]
All eyes on Tesco as UK’s biggest supermarket to say profit down £2.8bn – but what do shareholders want next? April 7, 2023 Tesco is expected to reveal a dip in profits for the past year as the supermarket group grappled with rampant food and drink inflation. The UK’s largest retailer will update investors and analysts over its financial performance for the year to February in an update on Thursday April 13. A consensus of analysts has said [...]
Pubs to remain open on Monday for Queen’s funeral September 14, 2022 Pubs across the country will be opening their doors on the day of the Queen’s funeral, as waves of mourners flock to the capital. The UK’s largest pub group, Stonegate, said its managed venues would remain open on the bank holiday on Monday. A spokesperson said that “where possible” would screen the funeral, following the [...]
Tesco pledges an ‘affordable Christmas’ as it raises profit guidance on slew of price cuts October 4, 2023 Tesco raised its profit guidance for the year ahead to up to £2.7bn, as the Big Four grocery thanked a slew of price cuts for surging revenues in its interim results. Britain’s biggest grocer’s adjusted operating profit reached £1.48bn during the term, a 13.5 per cent leap when compared to the same period the prior [...]
Heathrow cancels flights ‘to ensure silence’ for Queen coffin procession and funeral September 14, 2022 Heathrow Airport cancelled flights today to “ensure silence” over the capital during the procession for HM The Queen, and will pull more journeys on Monday for the funeral. The UK’s biggest airport said it had made “appropriate alterations”, with flights between 13.50 and 15.40 on Wednesday “disrupted.” It said disruption was to “ensure silence over [...]
Aviation regulator restricts flying over London ahead of Queen’s funeral September 13, 2022 The UK aviation regulator has set curtailed the country’s airspace ahead of the Queen’s funeral and mourning period. The CAA announced today it had restricted flying over central London between 9 and 19 September as well as between Balmoral Castle and Holyroodhouse from Saturday until today. The restrictions are also applicable to drones. Under the [...]
Lidl to open 25 new stores in the UK this year creating 1,000 jobs July 14, 2020 Lidl has said it plans to open a new store every week until Christmas, seeing 25 new branches and 1,000 more jobs. The budget supermarket also plans to invest £1.3bn in the UK for 2021 and 2022, which will see the creation of 100 new stores and around 4,000 new jobs. Lidl aims to have [...]
M&S turned it around and is now in FTSE 100. Here’s why John Lewis is so far off September 14, 2023 The John Lewis Partnership has had a torrid day, following an announcement it will push its turnaround plan back by two years. It’s the latest bit of bad news that has seen it fall further behind rival Marks and Spencer, whose high street revival recently raised its profit outlook after pivoting towards clothing and homeware. [...]
Amazon faces potential investigation as Prime Day nears July 11, 2024 A watchdog has warned that it would "not hesitate" to launch a formal investigation into Amazon if concerns were raised that the US giant was not treating its suppliers fairly and lawfully.