Andrew Tyrie blasts banks as they come clean on overdraft fees September 6, 2016 Influential Tory backbencher Andrew Tyrie has blasted UK banks for their bewildering array of overdraft fees and charges and called for customers to be given more information about their accounts. Tyrie, who chairs the Treasury Select Committee (TSC), also criticised recent proposals from the Competition and Markets Authority (CMA) to encourage customers to switch bank accounts. [...]
Convenience store openings up by a fifth as the big four try to match our changing shopping habits June 17, 2016 Convenience stores are popping up all over the country as people do fewer weekly shops and opt for fewer, more frequent trips instead. The number of convenience stores has risen by 21 per cent in the past five years. The big four supermarkets – Tesco, Asda, Sainsbury's and Morrisons – opened the stop-off shops at the [...]
Former Tesco chief executive Philip Clarke to be quizzed by Serious Fraud Office August 28, 2015 Former Tesco boss Philip Clarke is set to be grilled by the Serious Fraud Office (SFO) as part of an investigation into the supermarket chain’s multi-million pound accounting black hole. The UK prosecutors have also called in ex-commercial director Kevin Grace for questioning, according to people with knowledge of the matter cited by Bloomberg. Read [...]
Black Friday 2015 UK: Police asks retailers to extend bargains day to a week in a bid to stave off the chaos of last year at stores like Tesco and Asda November 11, 2015 Perhaps Asda was right to step back from Black Friday. Police have called on retailers to put into place a better strategy for dealing with the huge numbers of shoppers expected to storm high streets and supermarkets on 27 November. The National Police Chiefs' Council has urged retailers to deploy more staff and security to help [...]
At the close: Markets enter reverse as Brexit strains stack up July 6, 2016 Sterling has been savaged today, the FTSE 100 has crashed and half of all assets in UK property funds have been frozen in a difficult day on the financial markets. The pound dropped down below $1.28 overnight, recovered briefly, but is now on the slide after a number of analysts published decidedly bearish forecasts. A [...]
No, Nick Clegg: A true liberal knows Brexit should slash UK food prices October 17, 2016 So Brexit means more expensive breakfast! Or so Nick Clegg believes. Hanging onto the coattails of last week’s Unilever-Tesco row over who would bear the cost of a falling pound raising food import prices (so-called Marmite-gate), the former Deputy Prime Minister now warns us that milk and cheese will be more expensive as a result [...]
Tesco’s share price is falling on the back of Kantar figures showing sales are dropping again June 30, 2015 Tesco was the biggest loser on the FTSE 100 this morning, with the share price dropping like a stone after Kantar's latest market update. Sales at the troubled supermarket fell 1.3 per cent for the 12 weeks to 21st June – underperforming the sector average, which slipped back into a decline of 0.1 per [...]
Over 50 business leaders have called for an “urgent” decision on airport expansion almost exactly a year after an official report lent its support to a new Heathrow runway June 27, 2016 Over 50 business leaders have called on the government to urgently make a decision on expansion of capacity at London's airports, a year after an official report backed a new runway at Heathrow. Prior to last week's Brexit vote, reports had suggested that a decision could be made as soon as 7 July. However, following [...]
CBI conference: Tesco boss Dave Lewis urges Tories to consult more with retail industry – taking side-swipe at policies ranging from apprenticeship levy to Living Wage November 9, 2015 "Drastic Dave" Lewis has called on the government to pay more attention to the retail industry when adopting new measures, taking a swipe at key Tory policies ranging from the apprenticeship levy to the Living Wage. Speaking at today's CBI conference, the Tesco boss suggested that government did not allow retailers enough of a say [...]
Tesco share price dips on Dunnhumby and Korea deal discount troubles August 12, 2015 More troubles could be coming down the checkout line for supermarket boss Dave Lewis. Tesco is in for a "big blow" if it fails to make the £2bn it has been expecting on the sale of its Dunnhumby data arm, a deal which has had several firms scrambling to make an offer. The deal may [...]