Can online favourite Ocado make a comeback, or will its share price sink lower? March 28, 2023 Ocado’s share price fell nearly six per cent in afternoon trade as the “magic” of the online retailer’s venture with Marks and Spencer did little to buoy the confidence of investors In its start of year trading update Ocado revealed that retail revenue grew slightly by 3.4 per cent, although a 7.5 per cent decrease [...]
Tesco profit surges but bosses warn of sky-high inflation side effects April 13, 2022 Tesco has rebounded from the pandemic with a 65 per cent boost in operating profit, climbing to £2.56bn for the full-year.
Sainsbury’s warns of lower profit as grocer anticipates inflationary pressures April 28, 2022 Sainsbury’s has warned of a lower profit for the coming year as the grocer faces uncertainties including high inflation and cost of living pressures on shoppers. Sainsbury’s posted underlying profit before tax of £730m for the 2021/2022 financial year, a 104 per cent boost on the year prior, but warned of challenges down the line. [...]
Supermarkets urge shoppers to keep masks on after 19 July July 15, 2021 Supermarkets are urging customers to continue wearing masks even after 19 July, when they will no longer be a legal requirement in England. Prime Minister Boris Johnson has announced that from Monday 19 July, dubbed ‘Freedom Day’, almost all pandemic restrictions will be lifted including the legal requirement to wear masks. Instead the public will [...]
Sainsbury’s profits takes inflation and cost of living hit as supermarket faces stark choice April 27, 2023 In its full year results for the year ending 4 March 2023, Sainsbury’s pre tax profits fell from £854m to £327m as the retailer battled to keep its pole position as one of the UK’s largest supermarkets. The supermarket giant said it was impacted by non-cash asset impairments, driven by a higher discount rate, and [...]
Psychogeography: How to reclaim the urban environment June 9, 2024 On its most basic level, ‘psychogeography’ is a rather grand term for exploring how urban spaces make us feel.
Ultimate Products to take over Salter and Heston Blumenthal partnership July 15, 2021 Britain’s oldest houseware brand Salter is set to be snapped up by London-listed Ultimate Products as consumers fell back in love with home cooking over lockdown. The deal is expected to be completed by 19 July and will cost Ultimate Products (UP) some £32m in cash. UP, which turned over £115.7m last year, will take [...]
Petrol retailers are not profiteering despite record prices at the pumps, say experts May 31, 2022 Petrol retailers are not engaging in wholesale profiteering amid record forecourt prices said industry analysts.
City Moves: Who’s switching jobs in the Square Mile today? October 6, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Pinterest Photo sharing and publishing platform Pinterest has hired a Global Agency Commercial Lead for its London office. Stepping into the role in November, Martin Galvin is set to lead the platform’s commercial partnerships programs with media [...]
Lidl plans 500 new jobs in Scotland July 8, 2019 Supermarket chain Lidl is planning to hire 500 new people in Scotland across 12 new stores, it announced this morning. The low-cost grocer will add to its 98 stores across the country. It is already building new sites at Dundee, Cowdenbeath, Larkhall, Dumbarton and East Kilbride. Read more: Lidl unveils £500m London expansion plan for [...]