Letters: Action, not words June 9, 2022 [Re: Watchdog bans Tesco Plant Chef ads over ‘misleading’ claims, yesterday] Tesco is the latest in a line of household name organisations being criticised for their environmental claims. Many businesses overlook the real business and legal implications that greenwashing can have. Sustainability is a deeply complicated area, and it isn’t purely reputational. Businesses are eager [...]
Another bite out of London: Franco Manca set to go private in bumper deal April 5, 2023 The owner of Franco Manca has been snapped up by a Japanese food franchise company in a £93m deal – the latest in a long line of London-listed firms to be taken private by foreign firms. Fulham Shore, which also owns The Real Greek franchise, announced that it was offloading the business to Toridoll, a [...]
Supermarkets drag down London indexes on spending jitters April 13, 2022 London’s top indexes were muted today as investors ditched shares in supermarkets despite Tesco posting bumper profits. The capital’s premier FTSE 100 index edged 0.05 per cent higher to 7,580.80 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.12 per cent to 20,984.45 [...]
Jet2 appoints successor for chair Philip Meeson September 5, 2023 Jet2 announced a replacement for long-time chief and founder Philip Meeson, the entrepreneur who transformed the company into the UK’s leading package holiday airline. Senior independent non-executive director Robin Terrell is stepping in, following an announcement in July that 75-year-old Meeson was to depart after nearly 40 years at the helm. Terrell, who was appointed [...]
Reeves being lobbied to hike capital gains tax by Labour party June 6, 2024 Rachel Reeves is facing pressure from members of her own shadow cabinet to raise capital gains tax in her first autumn budget should Labour be elected on July 4.
Natwest boss open to acquisitions as he predicts more consolidation in UK banking June 6, 2024 The chief executive of Natwest has said the state-backed lender is open to acquisitions as he predicts more consolidation in the UK banking market over the coming years.
High street spending slumps amid retail’s Covid recovery October 6, 2022 The high street’s Covid recovery has been slowed by the economic slump, with shoppers cutting back on shopping sprees last month. According to freshly published statistics from Springboard, the recovery of retail footfall slowed for the third month in a row. Footfall increased just 6.8 per cent, compared to a 15.6 per cent boost in [...]
Ocado losses widen: Share price rises as retail arm shows signs of improvement July 18, 2023 Pre-tax losses at Ocado have widened to £289m in the first half of the year, as the grocery firm’s share price was up over 14 per cent this morning. The supermarket technology business said its retail arm – which is a joint venture with M&S – grew five per cent to £1.17bn as it returned [...]
Falling price of butter leads the way as grocery inflation drops again October 10, 2023 Grocery price inflation has fallen again with the average price of a pack of butter now 16p less than a year ago, figures show. Prices across grocers were 11 per cent higher than a year ago for the four weeks to October 1, down from the previous month’s 12.2 per cent, analysts Kantar said. It [...]
Morrisons slashes prices AGAIN as supermarket attempts to woo Aldi and Lidl shoppers back to its aisles March 20, 2023 Morrisons is slashing prices for the third time in three months as it attempts to drag shoppers back from value retailers including Aldi and Lidl. The supermarket said it was cutting the prices of 460 items such as beef mince, cleaning products and fruit, in a move that followed on from a round of price [...]