Anthony Albanese to become PM of Australia as Labor Party ousts right-wing govt after a decade May 22, 2022 Australia’s Labor Party has ousted a near decade-long right wing coalition government to take control of the country’s 172-seat parliament. Incoming prime minister Anthony Albanese hailed the victory as an opportunity to “bring Australians together”. “I want to seek our common purpose and promote unity and optimism, not fear and division. It is a show [...]
Smiths News anticipates smaller than expected hit from McColl’s administration May 30, 2022 Newspaper distributor Smiths News has said it is anticipating a smaller than expected hit from McColl’s administration. The London-listed firm, which continues to supply McColl’s under Morrisons’ ownership, has said it has reduced its debt to £5.6m. After McColl’s went into administration, Smiths News took action to mitigate McColl’s bad debt risk, the supplier said [...]
Boom in Hikvision UK sales sparks calls for full ban on Chinese CCTV giant June 9, 2024 News that Hikvision's UK sales boomed last year has sparked calls for a complete ban on the Chinese CCTV giant.
Waitrose slashes prices in bid to win over middle class shoppers from Marks and Spencer April 3, 2024 Waitrose is cutting prices for the fifth time in over a year as it battles Marks and Spencer as the favoured grocery spot of middle class shoppers.
RAC accuses forecourts of ripping off motorists with higher fuel prices despite slump in wholesale costs January 28, 2023 One of the UK’s largest motorist organisations has accused forecourts of profiteering from fuel prices by failing to pass on a fall in wholesale costs. The RAC said costs at the pump were still much higher than wholesale costs which have fallen in the last few months. Data published today by the RAC showed that [...]
Tesco on hunt for a ‘heavyweight’ boardroom figure as it swoops to replace John Allan March 9, 2023 Tesco is understood to have approached a number of “heavyweight” boardroom figures, to scope out their interests in replacing outspoken chairman John Allan. According to reports in Sky News, the FTSE 100 supermarket is working with headhunters to find a replacement for the leader who is set to leave the grocer in 2024. Allan, has [...]
London Stock Exchange hit by double outage, small cap trading paralysed December 5, 2023 The London Stock Exchange has resolved an outage that disrupted trading in a large number of smaller stocks for at least 30 minutes on Tuesday morning - the third issue of its kind since October.
The Notebook: Victoria Scholar on the future of supermarkets September 26, 2023 Interactive Investor's Victoria Scholar on supermarkets, China's growth and a new podcast in the City A.M. notebook
Mouthwash, teabags and sausages latest examples of ‘shrinkflation’ – Which? January 20, 2024 Shrinking mouthwash bottles, fewer teabags and sausages with less pork are among downsized and downgraded supermarket products as manufacturers and retailers cut costs, a watchdog has found.
Superdry: Losses widen, CFO quits and boss admits a ‘difficult’ period January 26, 2024 Embattled retailer Superdry posted further losses in its half year update, blaming a challenging retail market and underperformance of its wholesale segment.