Wilko collapses into administration, placing 12,000 jobs at risk August 10, 2023 Wilko has collapsed into administration today after the struggling high street retailer failed to find a rescuer. The 400 strong high street store has appointed PWC as administrator, after a number of talks to save the business failed to come to fruition. In a statement, chief of Wilko, Mark Jackson, said the company had been [...]
We shouldn’t be running out of tomatoes because we can’t sort out our supply chains May 5, 2023 Over the last month, bad weather in Europe and Northern Africa led to certain salad items being in short supply across the UK. Leading supermarkets, including Tesco’s, Morrisons, Aldi and Lidl all limited the number of tomatoes, peppers and lettuce that consumers can buy. Product shortages aren’t necessarily unusual, but since the pandemic, they have [...]
FTSE 100 close: ASOS and Centrica pop to crystalise strong start to 2023 January 12, 2023 London’s FTSE 100 built on gains yesterday that propelled to its highest level since 2018 after a series of British bellwether retailers posted a decent set of results this morning and the owner of British Gas skyrocketed. The capital’s premier index closed up 0.89 per cent at 7,794.04 points, while the domestically-focused, mid-cap FTSE 250 [...]
These six bottles offer the perfect wine for winter November 6, 2023 These six bottles offer the perfect wine for winter, says our wine writer Libby Brodie
Grocers vs bargain chains: Discount competition is heating up July 23, 2024 The discount sector is crowded and competitive: Aldi, Lidl, Poundland and B&M are only a few of the retailers vying for space. The market for discount goods has been growing over the last few years, but not every company has been a winner – only a few stores have managed to attract and keep customers. [...]
Tesco boss warns against panic buying after new virus restrictions September 23, 2020 Tesco chief executive Dave Lewis has said there is no need for customers to be panic buying groceries, following new restrictions imposed across the UK to combat a second wave of coronavirus infections. Images have been shared on social media of supermarket shelves stripped of food staples such as pasta and flour, bringing back memories [...]
Supermarket shoppers face £454 extra to yearly grocery bill as inflation bites July 19, 2022 Shoppers are now facing a £454 increase to their annual supermarket bills, with grocery price inflation edging towards the highest level since 2008. According to the latest numbers from Kantar, grocery price inflation now sits at 9.9 per cent for the past four weeks. This marks the second highest level of inflation seen since 2008, [...]
RAC accuses forecourts of ripping off motorists with higher fuel prices despite slump in wholesale costs January 28, 2023 One of the UK’s largest motorist organisations has accused forecourts of profiteering from fuel prices by failing to pass on a fall in wholesale costs. The RAC said costs at the pump were still much higher than wholesale costs which have fallen in the last few months. Data published today by the RAC showed that [...]
AO World swings back to profit thanks to reduced costs while revenue down 17 per cent July 5, 2023 AO World swung back into profit on reduced costs and better margins as the firm said it made a 17 per cent loss in revenue in its annual results. The white goods retailer said revenue decreased by 16.8 per cent to £1.1bn compared to £1.3bn in the same period last year ending 31 March, as [...]
FTSE 100 close: London markets dip again as ‘chill winds’ dent sentiment October 4, 2023 London markets opened lower again on Wednesday as the gloomy market sentiment of the last few days continued following stronger than expected US data.