TalkTalk boss Dido Harding: Customers “trust us more” after handling of cyber attack November 15, 2016 Dido Harding, the chief executive of TalkTalk, believes her company has improved as a result of last year’s cyber attack. More than one year on from the hack, which affected 157,000 customers, Harding told City A.M. she does not believe the recovery process will ever end. Speaking shortly after Tesco Bank was rocked by a [...]
Premier Foods warns on profits (but at least mince pie sales are up) January 18, 2017 Premier Foods has not made an exceedingly good start to 2017 – its shares dived today after it warned on profits. The figures The food manufacturer, whose brands range from Bisto to Mr Kipling and 80s stalwart Angel Delight, said sales in its third quarter were down one per cent at £251.4m, despite a strong December. Branded sales [...]
From Tesco’s share price and Donald Trump’s hot air to property prices spiralling out of control: Here’s what got us talking this week December 11, 2015 The most expensive car of the year sold for a cool £18m. The shadow City minister played hard to get.. And we remembered all sorts of things about the last 12 months. Here's What Got us Talking 1) You're probably not working at one of the best companies in the UK And, seeing as it's [...]
Sainsbury’s, Tesco, Asda and Morrisons: Supermarket petrol price wars to intensify as oil rout deepens January 13, 2016 The supermarket petrol price war is set to intensify, as the "lower for much longer" mantra sweeps through global oil markets. Oil has fallen around 15 per cent since all big four supermarkets – Sainsbury's, Tesco, Asda and Morrisons – slashed diesel prices to below £1 earlier this month. A Morrisons spokesperson said: “If oil prices continue to fall [...]
Amazon’s Dash button service launches in the UK today: Prime users can press a button to order condoms, dishwasher tablets, cat food and more August 31, 2016 Amazon has today launched its Dash button service in the UK, meaning British shoppers can order essential household items such as loo roll, dishwasher tablets, condoms and cat food using a physical button placed in the home. Launched in the US last year, Dash buttons are dongle-sized devices that connect to your home wi-fi network [...]
Real Good Food’s shares plummeted as exec warns earnings could fall short of estimates December 6, 2016 Real Good Food reported sales growth but experienced losses following trouble with commodity pricing and weak sterling. Executive chairman Pieter Totté said "there is a risk" the company's earnings won't meet market estimates. The figures Total group sales for the Aim-listed ingredients and baking products company grew by 5 per cent to £49m, the company reported in its interim results for [...]
Payments regulator sets out vision for industry-wide approach to protect consumers December 16, 2016 Financial regulators have promised to stamp out payment scams which have cost Britons hundreds of millions of pounds. The Payment Systems Regulator (PSR), a special branch of the Financial Conduct Authority that focuses on banking payments, said today the financial services sector needs to do more to protect consumers. "In a short space of time [...]
EU referendum: Asda, HSBC, Vodafone and nearly 200 sign letter saying Brexit would threaten jobs – but Tesco, Morrisons and Sainsbury’s are not on the list February 23, 2016 The bosses of HSBC, BT, Vodafone and Asda are among those to have put their name to an open letter backing the remain camp and Prime Minister David Cameron's reforms in Europe. More than a third of the UK's biggest companies were represented in the letter, which was published in The Times this morning, saying they represented [...]
Sainsbury’s like-for-like sales fell for its first half, but statutory profit is up November 9, 2016 Sainsbury's like-for-like sales excluding fuel fell by one per cent in the its first half as the supermarket faces an uphill struggle to entice customers through its doors. The company eked out more profit however. Sainsbury's share fell at the open, ditching almost five per cent after it warned second half underlying profit is expected [...]
Tesco comes to single shoppers’ rescue this Valentine’s Day with a new way to find The One when Tinder hasn’t worked February 6, 2016 Every multinational retailer’s favourite celebration of love is coming up. But if you’re still on the hunt for that special someone to share Valentine’s Day with, forget Tinder and other dating apps. This year, there’s a new way to find the one: through your shopping basket. Tesco has lent a hand to shoppers looking for [...]