Supermarket till sales down four per cent last month as online shopping and cost of living hit hard April 5, 2022 Supermarket till sales continue to feel the impact of online buying brought about by the pandemic, with a four per cent fall last month. A new study indicates that online sales also fell almost 20 per cent from last year, as the cost of living crisis continues to change consumer habits. The report by NielsenIQ [...]
More than 50 per cent of FTSE 350 board appointments in 2021 were women April 19, 2022 More than 50 per cent of board appointments to FTSE 350 firms last year were women, bringing the gender ratio closer to an even split. New figures from recruitment company MBS, show boardrooms are becoming more equal places, with a gain of 200 women in 2021, and men constituting 75 per cent of those having [...]
Brands’ battle for the eyeballs: watch all the Christmas ads here November 13, 2020 As some of the UK’s biggest brands have rolled out their seasonal ads, it’s starting to feel a lot more festive. The battle for the eyeballs started in earnest this morning as John Lewis launched its annual television advertisement, gaining over one million views within just two hours. However, Aldi’s ad so far tops the [...]
The City View: Offshore Energies UK CEO on deleterious effects of a windfall tax May 25, 2022 Today Andy Silvester chats to Deirdre Michie, CEO at Offshore Energies UK. They unpick the windfall tax, the risk it poses for smaller energy firms and the sector in general, the state of the energy industry, and the seemingly lackadaisical speed of the energy transition. In other news: M&S is leaving its Russian franchise business, [...]
Asda forgoes British beef pledge for cheaper Irish imports January 7, 2022 Asda has ditched its 100 per cent British beef pledge in favour of cheaper, Irish exports, prompting backlash from farmers. The pledge was just three months old before the supermarket chain reeled back on the ambition after prices rose in the UK. “Whilst we continue to work hard to keep prices as low as possible [...]
M&S set to announce hundreds of UK job cuts this week July 20, 2020 Supermarket giant Marks and Spencer (M&S) is set to announce plans for hundreds of job cuts later this week, according to reports, as the retailer undergoes a wide-scale restructure in the wake of the coronavirus crisis. M&S will begin announcing redundancy plans over the next few days, which are expected to run into their thousands [...]
FTSE 100 close: China reopening boosts Antofagasta and London miners January 9, 2023 London’s FTSE 100 has today extended its robust start to the new year, fuelled by mining giants clinching gains on investors betting commodity prices are on the rise as China dismantles pretty much all of its Covid-19 restrictions. The capital’s premier index jumped 0.33 per cent to close at 7,724.93 points on the opening day [...]
M&S bosses set to pocket £15m pay pot if bonus targets are hit June 7, 2022 Top bosses at Marks & Spencer could pocket some £15m in total if they achieve bonus targets, including a 50 per cent boost for the retailer’s share price. New CEO Stuart Machin is due to trouser a basic salary of £896,000, according to the supermarket’s annual report. Former boss Steve Row pocketed a salary of [...]
Exclusive: Political turmoil causing ‘uncertainty’ and jeopardising rules reform, Starling boss warns July 11, 2022 The chief of digital bank Starling warned that political volatility was causing “uncertainty” for businesses today as she voiced concerns that the government’s business reform agenda could be blown off course. In comments shared exclusively with City A.M., Anne Boden, who founded the digital bank in 2014, warned the tumult of Boris Johnson’s resignation last [...]
Sainsbury’s Bank sale marks end of an era for supermarkets June 20, 2024 Sainsbury's has agreed to sell most of its banking arm to Natwest, in a deal that will see the supermarket pay the lender £125m.