Premier Foods calls on government to deploy army amid severe lorry driver shortage July 2, 2021 Mr Kipling manufacturer Premier Foods has called on the government to consider using the army to distribute goods to help relieve a severe shortage of truck drivers that could see supermarket shelves left bare. Last week industry leaders warned Britain could face gaps on supermarket shelves this summer and an “unimaginable” collapse of supply chains [...]
Asda cuts fuel prices after oil price spirals on coronavirus March 10, 2020 Supermarket Asda has cut the price of petrol and diesel amid the Russia-Saudi Arabia oil war. The supermarket has cut its price by 2p per litre (ppl), meaning petrol will cost 114.7p per litre and diesel will cost 116.7p per litre. Asda said they are its lowest fuel prices since November 2017. “It will be [...]
Issa brothers’ EG Group acquires UK’s second-largest bakery business October 4, 2021 Petrol station forecourt giant EG Group has acquired the country’s second-largest bakery business, Cooplands The Issa brothers’ firm has acquired CS Food Group Holdings Limited, which operates a number of bakeries that produce and distribute fresh food to some 180 stores and cafes. The bakery business mostly operates across the north-east and Yorkshire regions and [...]
Supermarket clothing sales double as shoppers seek retail therapy April 7, 2021 Supermarket clothing sales boomed last month as consumers sought in-person shopping experiences while non-essential retailers were closed, in a positive indicator of pent up demand ahead of high streets reopening next week. Sales of clothing at supermarkets doubled to £313m in the four weeks ended 27 March. Home and garden sales also collectively jumped to [...]
Bidding war for Morrisons heats up as US private equity giant makes £7bn move August 20, 2021 A fresh £7bn bid for supermarket chain Morrisons has been put forward by US private equity firm Clayton, Dubilier & Rice (CD&R). The deal has been unanimously accepted by the board of the grocer and directors have said shareholders should vote in favour of the takeover at a meeting due in early October. It means [...]
Asda’s petrol station business sold to EG Group for £750m as part of takeover deal February 3, 2021 The Issa brothers and TDR Capital have announced that they will sell Asda’s petrol station business to EG Group, which they also own, for £750m after they complete their deal to buy the supermarket giant. The consortium announced this morning that the Asda deal is expected to complete later this month, subject to regulatory approval. [...]
Lidl to invest £1.3bn in UK store expansion February 20, 2020 Budget supermarket Lidl has announced it will invest £1.3bn in store expansion across the UK in the next two years. The German discounter – which has opened 50 new stores in the last 12 months – said this morning that it has committed to investing in growing its store portfolio in 2021 and 2020. The [...]
Morrisons bosses set for bumper payday from private equity takeover July 11, 2021 Three of Morrisons’ most senior executives are set to earn millions from the supermarket’s proposed private equity takeover as scrutiny grows over the deal. Morrisons has accepted a £6.3bn takeover offer by a consortium of funds led by private equity firm Fortress — the latest in a growing frenzy of US buyouts of British firms. [...]
December strikes: Who’s walking out when and how will it affect you? December 6, 2022 December is set to be a month blighted by industrial strife, with everyone from nurses and posties to train drivers and security staff to walk out. With inflation reaching a 41-year high at an eye-watering 11.1 per cent, thousands of workers have voted to down tools and ask for a real-term increase in pay. As [...]
Asda to close stores on Boxing Day so staff can see family December 9, 2020 Asda will not open its stores on Boxing Day, instead choosing to give thousands of employees the chance to stay home with loved ones. The supermarket said the decision was made in recognition of employees’ efforts as key workers during the Covid-19 pandemic. All 631 of Asda’s stores will close for two days over the [...]