Lidl wants to build one if its biggest ever supermarkets and 71 homes at Bingo site in Greenwich February 15, 2024 Lidl wants to construct 71 new homes and a 31,000 sq ft supermarket at the site of a former Mecca Bingo site in Greenwich, in its latest tactic to secure planning permission for a new site in London. The supermarket, proposed to be located on the first and group floor of the building, would be [...]
Tesco to complete £8bn sale of Thai and Malaysian units this month December 9, 2020 Tesco is set to complete the sale of its Thailand and Malaysia businesses later this month after all conditions for the deal were satisfied. The UK supermarket giant announced in March that it was going to sell the two Asian businesses to Thai conglomerate CP Group. The deal is worth £8bn. Tesco is seeking to [...]
Tesco apologises to customers over Christmas delivery booking delays November 13, 2020 Tesco has been forced to apologise to customers facing delays trying to book a delivery slot for Christmas shopping following a surge in demand. The supermarket said this morning that it had placed shoppers in a “virtual waiting room” to help it manage the influx of customers trying to secure a home delivery for the [...]
Sainsbury’s to pay Natwest £125m to take bank division off its hands June 20, 2024 Natwest has agreed to acquire Sainsbury's core retail banking arm - with the supermarket giant paying the lender £125m to take it off its hands.
The week ahead, 11-15 January: FTSE housebuilders, Asos, Tesco and UK GDP January 10, 2021 London’s markets started the new year in a frenzy last week, picking up over five per cent and closing the gap on their counterparts around the world. This week is set to be a busy one for the FTSE, with a raft of companies due to provide updates, as well as key economic data in [...]
British retailers cheer Christmas sales, but City analysts warn of coming storm January 15, 2023 Britain’s largest retailers kicked off 2023 strongly last week, posting better than expected Christmas sales, signalling the consumer is holding up a bit better than feared. Tesco’s like for like sales were 7.9 per cent higher, while Marks and Spencer pocketed a 7.2 per cent rise. Sainsbury’s also posted record Christmas sales. Those bumper numbers, [...]
Irish law firm William Fry drafts in its former City of London boss to top job July 1, 2024 Elite Irish law firm William Fry has elected its former London office lead Stephen Keogh as its next managing partner
Vaping giant Supreme acquires historic Clearly Drinks for £15m June 24, 2024 Vaping and vitamins maker Supreme has acquired Clearly Drinks for £15m, it has been announced.
High Street retail race: Marks and Spencer predicted to overtake John Lewis by 2026 February 8, 2023 Marks & Spencer will overtake John Lewis in the rankings of the UK’s biggest retailers by 2026, according to a new sales forecast. Tesco will retain its position as the largest retailer, followed by Sainsbury’s, but Amazon is on track to move into the top three within the next few years, industry title Retail Week [...]
The Notebook: Victoria Scholar on the future of supermarkets September 26, 2023 Interactive Investor's Victoria Scholar on supermarkets, China's growth and a new podcast in the City A.M. notebook