Is Amazon Fresh about to land on our doorsteps: Amazon signs 10-year lease for former Tesco warehouse August 10, 2015 Amazon has signed a 10-year lease on a warehouse formerly used by Tesco fuelling speculation that it is about to launch its grocery operation Fresh in the UK. Amazon will take on Logicor's 304,751 sq ft warehouse in Weybridge, Surrey, which have been lying empty since Tesco vacated the premises at the end of [...]
Carry on shopping: Alibaba defies China slowdown with fourth quarter revenue May 5, 2016 Alibaba, the Chinese ecommerce giant, has defied the country's economic slowdown, reporting expectation-busting revenue. The Amazon of China's sales rose 39 per cent in the fourth quarter to 24.2bn yuan (£2.55bn) smashing estimates of around 23bn yuan, while income came in at 5.3bn yuan, a rise of 81 per cent. "Whatever they are doing must be working, and [...]
Prices will go up: Retail bosses issue Brexit “catastrophe” warning May 22, 2016 Retail heavyweights have come out against Brexit, warning that leaving the European Union would be a "catastrophe" for Britain and a "massive shock to the system". The former bosses of four of Britain's biggest retailers – Tesco, Sainsbury's, M&S and B&Q – have warned Brexit will cause prices to rocket, a spike in inflation, job losses and the pound [...]
The new topless Range Rover Evoque is a glorious blown-up Barbie car and we kind of love it October 4, 2016 As controversial as the EU referendum, the world’s foremost luxury 4×4 maker has lopped the top off its compact model in a bid to create a new lifestyle niche; the Cabrio SUV. To some, this is the best of all words. To others, it is a motorised selfie stick. Soft-top off-roaders aren’t a new concept. [...]
Tesco tops suppliers’ naughty list over groceries code June 22, 2015 Tesco has been on the receiving end of more than half of issues raised by suppliers with the new Groceries Code adjudicator in the last year. The troubled supermarket was at the centre of 54 per cent of complaints made, with 11 per cent of Tesco's suppliers going to the new government ombudsman, according [...]
FTSE 100 narrowly avoids fourth consecutive week of decline May 13, 2016 The FTSE 100 reversed early losses on Friday, but was held back by losses at Inmarsat and Coca Cola HBC. That's not bad for a Friday 13th. The FTSE 100 before today had closed lower on eight out of the past 11 of them. The UK's benchmark index closed at 6,138 points, with Inmarsat one of the largest fallers. While the FTSE [...]
Tesco share price falls, sales slide as discounters march on ahead June 30, 2015 Tesco shares were dealt a blow yesterday, after industry figures revealed another slowdown in sales at the troubled supermarket chain – despite its recent efforts to turn itself around. Data from Kantar Worldpanel showed sales at Tesco fell by 1.3 per cent in the 12 weeks to 21 June, underperforming the overall grocery [...]
Wimbledon 2015: Tesco serves up tennis inspired signs at Wimbledon June 30, 2015 Tesco is getting into the Wimbledon spirit with a new sign on its shops near the famous tennis ground. Tesco Metro stores in Wimbledon's SW19 postcode have had the "o" in Tesco replaced with a tennis ball for the tournament. Its store in Dunblane, Andy Murray's home town, has had the same treatment. [...]
Posh pub group Upham brews £12m listing on AIM after success in Home Counties pubs and craft beer April 25, 2016 Posh pub owner and craft beer brewer Upham Group is set to join the champagne set as it announced plans to float on the AIM. Upham, which runs 15 "high quality" pubs in Hampshire, Berkshire and Surrey, said it hopes to raise £12m with the listing. It opened four new pubs in the past year and [...]
Visa Europe records three billion contactless payments over the last 12 months May 10, 2016 Card company Visa has recorded three billion contactless transactions in Europe over the past year. In April alone, European consumers used their cards 360m times, clocking in at almost 140 transactions per second. Contactless now accounts for one in every five Visa card payments in Europe, up from one in 60 in 2013. In the [...]