Sainsbury’s to open dark store to meet online demand October 13, 2013 J SAINSBURY is to open its first dark store to support fast-growing demand for its online grocery service in London and the south east. The dark store – so-called because it is not open to the public and only fulfils online orders – will open in Bromley-By-Bow, east London, within the next few years, the [...]
Barclays wins Amec as latest broking client September 25, 2013 BARCLAYS continued the growth of its corporate broking business by winning the mandate to act as joint broker to Amec, the FTSE 100 listed engineering group, alongside Bank of America Merrill Lynch (BofAML). The appointment comes just days after Amec abandoned plans to make a £700m bid for Kentz, the oil services group. Amec was [...]
LoveFilm falls into the red due to investment September 22, 2013 ONLINE film and DVD service LoveFilm posted a loss of £21.2m in 2012, falling into the red due to an increase in costs. The company, which was acquired by US online retail giant Amazon in 2010, made a profit of £14m in 2011. But last year its earnings were hit by the cost of interest [...]
British Land snaps up mall September 4, 2013 BRITISH Land has bought a 50 per cent stake in Bath’s SouthGate shopping centre for £101m. The property giant, has been on a spending spree since raising almost £1bn in March through its placing and the sale of Ropemaker Place. In April it paid £48m for Tesco’s 50 per cent stake in Surrey Quays shopping [...]
Retail bosses fight back after Labour attack August 11, 2013 HIGH street giants Tesco and Next have lashed out at Labour after the party branded them “unscrupulous employers” and claimed they preferred cheap Eastern European staff over British workers. Shadow immigration minister Chris Bryant will today call out hiring procedures at the two firms as part of a wide-ranging attack on businesses that use [...]
Bottom Line: Head this way for destination retail August 11, 2013 TESCO unveiled its revamped hypermarket in Watford last week to much fanfare. The 80,000 square foot store is a crucial test-bed for the “retail destination” concept Tesco is creating to tackle declining footfall as the digital revolution bites. Tony Hoggett, Tesco Extra head, said the store – with its community room, Euphorium bakery, Giraffe [...]
Tesco voted worst supermarket in survey of 11,000 UK shoppers February 21, 2013 TESCO has been voted the worst of Britain’s nine major supermarkets in a poll carried out by one of the leading consumer groups. More than 11,000 Which? members rated the supermarkets with customer scores based on customer satisfaction and the likelihood they would recommend it to a friend. Tesco, the UK’s largest supermarket group, came [...]
Horse meat in Tesco burgers January 15, 2013 HORSE meat has been found in beef burgers sold by leading British and Irish supermarkets, it emerged last night. One sample of the meat in Tesco’s Everyday Value Beef Burgers was found to be 29 per cent horse, according to Ireland’s Food Safety Authority (FSAI). Tesco has responded by pulling the burgers from its stores. [...]
Tesco ends deal with supplier in horse scandal January 30, 2013 TESCO yesterday fired a supplier controlled by Ireland’s most powerful beef baron for selling it burgers containing horse meat. The grocer also promised to use DNA testing equipment to check the content of products on its shelves. Britain’s biggest supermarket chain is reeling from a wave of bad publicity after the Irish food safety authority [...]
What the other papers say this morning – 6 August 2013 August 5, 2013 FINANCIAL TIMES UK weighs legal action over Gibraltar Britain is looking at whether it can take Spain to the European courts over its treatment of British nationals at the border with Gibraltar. UK officials are taking advice on whether checks on cars as they try to cross from Spain into Gibraltar violate EU rules on [...]