Incredible shrinking toilet paper: The six products you’re getting less of, but are not getting cheaper April 20, 2016 When you're spending a penny, you're being short changed, it turns out. One brands' toilet rolls have been quietly shortened, but you're still paying the same price, and it's just one of several products where you're now getting less bang for your buck – and may even pay more for less – according to research from consumer [...]
Unruly founder crowned winner at Oscars for women in business… but beware the awards curse May 9, 2016 Sarah Wood, the founder of Unruly, triumphed at last night's Veuve Clicquot Business Woman Awards. Touted as the Oscars for women in business, Wood fought off competition from Trainline chief Claire Gilmartin and British make-up artist and cosmetic firm founder Charlotte Tilbury to win the award. Cassandra Stavrou, founder and chief executive of Propercorn, meanwhile, [...]
Lloyds Bank leads the London financial sector in British LGBT Awards May 15, 2016 Bravo to bankers at Lloyds – the firm has been crowned the top employer for promoting diversity in this year's LGBT Awards. Lloyds Banking Group, which has a professional LGBT Network of over 3000, was named LGBT Network Group of the Year. The bank saw off stiff competition from the likes of Tesco and PwC. Dubbed [...]
Post Office apologises after major glitch shuts down counter services across the country May 9, 2016 A major technical glitch meant thousands of people were turned away at Post Office branches around the country today. Customers hoping to pay bills, post packages or collect benefits claimed the outage was affecting branches nationwide, with many saying they had tried a number of branches before giving up, but the group insisted it was only [...]
Following the BHS collapse and Austin Reed’s closure, it’s clear retailers’ online offerings are not ready to save the British high street June 3, 2016 Another day and yet another high street retailer announcing its financial struggles – this week it is Austin Reed and BHS. The menswear retailer is closing 120 stores, after the announcement it was entering into administration in April. BHS has also announced that thousands of jobs are going to be lost as a result of closing 163 stores. [...]
Tesco’s Dunnhumby has another suitor as Hellman & Friedman join WPP, Nielsen and several private equity firms June 7, 2015 Yet another company has joined the clamor for a slice of Tesco's data business which was behind the supermarket's hugely successful Clubcard loyalty scheme. Hellman & Friedman, the US private equity firm, is the latest bidder said to be interested in Dunnhumby, joining a crowded line-up of potential buyers willing to splash out as much as [...]
Tesco share price falls as supermarkets suffer for third day amid renewed concerns about discounters Aldi and Lidl August 20, 2015 When one supermarket sneezes, it seems the rest catch a cold. Shares in troubled supermarket Tesco fell to their lowest level since January this morning, two days after Asda reignited concerns over the threat from German discounters. Tesco shares dropped 1.77 per cent today, while Sainsbury's shed 0.77 per cent. Both are down about four percent since [...]
Saving no longer as easy as 1, 2, 3: Santander chops interest rate on top account – and now Lloyds is considering a rate change too August 15, 2016 Santander has today confirmed it is slashing interest rates on its popular 1,2,3 account to 1.5 per cent, while Lloyds has revealed it is mulling its options. Santander's change in rate will be effective from 1 November, and it is also making some changes to the overdraft rates. In a statement issued this morning, the bank [...]
Deanna Oppenheimer to join Tesco’s nominations committee June 17, 2015 Deanna Oppenheimer, a former high-flying banker who joined the board of Tesco three years ago, has been drafted to join the supermarket’s nominations committee next month. The appointment comes after Oppenheimer, previously the boss of Barclays UK retail and business bank, was made chairman of Tesco’s remuneration committee earlier this year. Deanna [...]
Morrisons pulled up on Match & More price-match advert claims against competitors Tesco, Sainsbury’s, Asda, Aldi and Lidl August 26, 2015 Morrisons has been told it must be clearer about its promise to match the prices of competitors, including Aldi and Lidl. The supermarket's Match & More scheme, which is the only one of the big four to match the prices of the German discounters, has been pulled up by the advertising watchdog for not clearly [...]