Annual spending on ethical products soars past £100bn for first time December 31, 2021 British shoppers spent more than £100bn on ethical products and investments last year, as the twin crises of the pandemic and climate change prompted significant lifestyle changes. Plant-based food, and products, and secondhand clothes, furniture and even cars saw demand surge in the last year with ethical spending rising to £122bn in 2020 – up [...]
Sainsbury’s Bank sale marks end of an era for supermarkets June 20, 2024 Sainsbury's has agreed to sell most of its banking arm to Natwest, in a deal that will see the supermarket pay the lender £125m.
Lurpak row: ASDA says £6 butter with security tag is not UK-wide policy or related to cost of living crisis July 5, 2022 ASDA has said it does not have a UK-wide policy to put security tags on butter in relation to the cost of living crisis. The supermarket giant responded after a journalist shared an image on social media, showing a pack of Lurpak in one of its stores, costing £6, with a tag on. This comes [...]
High street names including Tesco and Greggs call on Tory leadership candidates to slash ‘shop tax’ August 9, 2022 A coalition of retailers including Morrisons, Greggs and Tesco, have called on the Conservative party leader candidates to slash business rates. The Retail Jobs Alliance has called on both Rishi Sunak and Liz Truss to pledge to cut business rates, which it said were “killing our high streets”. The group, consisting of Co-op, Greggs, Kingfisher, [...]
Deliveroo, Just Eat, Amazon and Uber: Delivery apps charging DOUBLE for supermarket groceries, says Which? June 3, 2023 Ordering supermarket groceries via a delivery app such as Deliveroo, Just Eat or Uber Eats could cost twice the price of buying directly from the same store, according to Which? Meanwhile, Amazon is charging up to 45 per cent more for Morrisons products than if they were bought from the supermarket’s own website, the consumer [...]
Cost of living crunch: Shoppers exposed to extra £380 on yearly grocery bill June 21, 2022 Shoppers are now facing an additional £380 to their annual grocery bill as grocery price inflation has hit its highest level in 13 years. According to freshly published data from insight firm Kantar, grocery price inflation hit 8.3 per cent over the past four weeks, the highest level since April 2009. It comes as all [...]
Christmas sales were a moment of reprieve as high streets play whac-a-mole February 2, 2023 Even the biggest retailers were severely dented by the pandemic, strikes, inflation and rising energy costs. It might be a game of whac-a-mole, but the high street is ready for another year, writes Richard Curry.
Supermarkets made hay from restrictions, now they need to consolidate to keep going March 11, 2022 THE rapid grocery delivery sector has grown at a staggering pace across Europe and the US. Two years on from when we first saw Getir, Weezy, Zapp and Gorillas advertised on buses and hoardings across London, data from the ONS revealed the average weekly sales of online groceries in December 2021 were £372m – more [...]
Co-op owners sound out potential buyers December 18, 2019 The hedge fund owners of the Co-op Bank are reportedly on the hunt for potential buyers. Two-and-a-half years after the lender was rescued from collapse, the US investors which took control of the Co-op have started holding talks with possible bidders, according to Sky News. The broadcaster cited sources as saying that several British retail [...]
Investment giant duo plot takeover of Bridgepoint-owned Element Materials November 23, 2021 Private equity firm Cinven and a Canadian pension giant are reportedly in talks for a joint bid for Bridgepoint-owned Element Materials Technology. The discussions between the private equity firm and Canada Pension Plan Investment Board (CPPIB) are still in the preliminary stages, Sky News’ Mark Kleinman first reported. Element, which offers testing services for materials [...]