Australia joins US in boycott of Beijing Winter Olympics as China hits back: ‘They violate Olympic spirit’ December 8, 2021 Australia’s prime minister said this morning the country will join the US in a diplomatic boycott of the Beijing Winter Olympics over human rights concerns. Scott Morrison said it should come as no surprise that Australian officials would boycott the event after the nation’s relationship with China had broken down in recent years. He added [...]
The City View: Analysing the G7 plan to phase out Russian oil May 9, 2022 Today Andy Silvester talks to City A.M. reporters Nicholas Earl and Leah Montebello. They go through the G7’s decision to phase out Russian oil, historically elevated gas prices, unpick Snapchat owner Snap Inc.’s plan to compete with the likes of TikTok, and break down Uber’s CEO Dara Khosrowshahi’s recent letter to employees. And in the [...]
McColl’s share price falls after cash call comes up short August 31, 2021 McColl’s shares were down more than four per cent in early trading Tuesday after an attempted cash call came up slightly short. The convenience store had been looking to raise around £35m-worth of finance to expand its partnership with takeover-target Morrisons. The firm had hoped an open offer would raise £5m of the figure, but [...]
Morrisons cuts fuel prices as oil prices dip lower March 23, 2020 Supermarket Morrisons has announced a reduction in forecourt fuel prices. Effective from today, unleaded and diesel will be reduced by 12 and 8p a litre respectively. Morrisons said this will save the average customer £6 on unleaded and £4 on diesel. Although prices vary locally, Morrisons currently charges 116p a litre for unleaded and 118.5p [...]
Range of 30 low-cost items increase in price by 17 per cent in last year – ONS October 25, 2022 A range of 30 every-day low-cost items have increased in price by 17 per cent in the last year, new figures have revealed. Data from the Office for National Statistics show a range of products went up considerably over the 12 months to September, as the cost of living continues to bite. Items including vegetable [...]
Waitrose admits it signed deals with landlords to block rivals from opening nearby stores September 2, 2022 Waitrose has admitted to signing deals with landlords halting other supermarkets from opening nearby for a decade, following a probe by the UK competition watchdog. The supermarket, which is owned by the John Lewis Partnership, has said it has re-written property deals for numerous sites to allay competition concerns. The Competition and Markets Authority (CMA) [...]
Starmer looks Down Under to Australian Labor for election blueprint August 22, 2022 David Milliband once said only politically “brilliant” leaders can win elections from the centre-left in Western countries. He was referring to the type of once in a generation progressive politicians – like Sir Tony Blair, Barack Obama, Bill Clinton and Harold Wilson – who swept to electoral victories on the back of their stunning personal [...]
UK’s second largest offshore wind farm given the green light July 13, 2023 Hornsea Four, one of the UK's biggest offshore wind farms has finally been given the go-ahead by government.
Sainsbury’s shares rocket: Investors eye supermarket’s property portfolio August 23, 2021 Sainsbury’s shares were up 15 per cent cent after reports that a private equity giant is poised to launch a bid topping £7bn. Shares in J Sainsbury rose by 15 per cent on Monday to 338.89p, after closing on 294.70p. Apollo Global Management is reportedly considering a bid for the supermarket after previously losing out [...]
Coronavirus: Morrisons ramps up delivery service to cope with demand March 17, 2020 Morrisons has launched a range of measures to help customers and employees during the coronavirus pandemic, including ramping up delivery options and a hardship fund for workers. The grocer has expanded its home delivery service including extra slots, a new range of “simple to order food parcels” and a phone ordering option for those without [...]