Marks & Spencer scraps 2021 dividend and warns of prolonged coronavirus disruption April 28, 2020 Marks & Spencer (M&S) has cancelled next year’s dividend in order to save £210m as the retailer warned of prolonged disruption to trading. The high street giant said it was preparing a “never the same again” programme to make permanent changes to ways of working, which will be unveiled when the company publishes its full-year [...]
Sainsbury’s bets on style with plans for a new online fashion marketplace May 21, 2023 Sainsbury’s is reportedly planning to launch a new online marketplace for high street fashion brands in a move which will pile pressure on department stores like John Lewis. Looking to diversify its product range whilst capitalising on a strong web traffic presence – and vast distribution networks – Sainsbury’s is looking to stock a range [...]
This year’s Black Friday ‘busiest shopping day on record’: Nationwide November 25, 2023 This year’s Black Friday was the “busiest shopping day on record”, according to Nationwide Building Society, as shoppers shook off cost-of-living woes to make the most of festive deals.
Explainer-in-brief: Two years on, Brexit is still creating hurdles for businesses December 23, 2022 Brexit is again in the spotlight – is anyone surprised? – as a new survey published this week found that more than three quarters of companies doing business with the EU think the deal is of no help in growing their economic activity. More than half of the British Chambers of Commerce members said they [...]
Lidl forks out £2m on bodycams amid surge in retail crime November 8, 2023 Lidl said it will be the first supermarket in England to make it the standard that all staff are provided with the equipment.
Exclusive: Laybuy up for sale after turbulent time on public markets April 16, 2024 Buy-now pay-later firm Laybuy has put itself up for sale and is hunting for potential buyers following a turbulent few years on the public markets, City A.M. can reveal.
Exclusive: Laybuy teetering on the edge of collapse as rescue buyer fails to materialise June 14, 2024 Buy-now pay-later firm Laybuy is teetering on the edge of collapse after efforts to find a rescue buyer have so far failed, City A.M. understands.
‘Heartbroken’: Major buy-now pay-later firm collapses after failing to find a buyer June 17, 2024 Buy-now pay-later firm Laybuy has collapsed into receivership today after efforts to find a rescue buyer failed.
Ocado appoints ex-BT chief Gavin Patterson to board in push for tech giant status May 9, 2024 Ocado has appointed former BT Group chief executive Gavin Patterson to its board as the online grocery firm looks to build its reputation as a technology heavyweight.
Faberge boss eggs on UK to bring back tax-free shopping to lure back wealthy tourists August 3, 2023 The boss of Faberge has joined calls for the UK to scrap the so-called ‘tourist tax’, which a new study has claimed is costing the UK over £10bn a year. Faberge chief Anthony Lindsay has urged for the return of tax-free shopping after a recent study by the Centre for Economics and Business Research (CEBR) [...]