Brits had most volatile year for fuel costs as CMA probe ‘rocket and feather’ pricing December 6, 2022 Brits have suffered the most volatile year on record for fuel prices, as the Russian invasion of Ukraine and cost of living crisis continued to pile pressure on drivers the pumps. New analysis published today show fuel prices rose by 50p a litre from January to July, which is the largest leap ever recorded. It [...]
City rumour mill grinds around possible mega private equity offer for Marks & Spencer November 22, 2021 As shoppers prepare for a black Friday spree, the bargain hunt for good value UK companies continues for private equity firms. The rumour mills are now grinding around a possible bid by Apollo Global Management for UK high street staple Marks & Spencer, sending shares 3 per cent higher in early trade. The New York-based private equity giant [...]
Revealed: Amazon, Walmart and the NHS top wish list for job seekers December 17, 2021 A new study has revealed that Amazon, Walmart and the NHS are the most searched for companies by online job seekers.
Boots posts uplifted sales as owner Walgreens shelves plans for £5.5bn auction June 30, 2022 Boots has posted buoyant quarterly retail sales after its parent company abandoned plans to sell the chemist this week. In third quarter results, Walgreens Boots Alliance (WBA) stated profit was down on last year but had surpassed Wall Street expectations. The retail pharmacy giant posted adjusted earnings of $0.83bn or $0.96 per share for the [...]
Boots’ owner ditches plans for £5bn sale of chemist as market conditions ‘beyond our control’ June 28, 2022 Boots’ US owner has confirmed it has given up on its ambitions to sell the UK chemist after a beleaguered sales process. Walgreens Boots Alliance (WBA) has opted to retain ownership of Boots, with the firm citing “unexpected and dramatic change” felt by the global financial markets in the past few months. A statement from [...]
Discounters Aldi and Lidl keep taking market share as Brits now pay £571 more for groceries September 13, 2022 Discounter Aldi has become Britain’s fourth largest supermarket for the first time while Lidl’s market share is also in the lift, according to new data out this morning. The findings come as Brits are now paying a record £571 more on average for their groceries than last year Grocery price inflation hit 12.4 per cent [...]
Mark Kleinman’s Column: Walgreens needs different prescription for future of Boots June 1, 2022 As an octogenarian with a literary penchant and more than half a century in business behind him, Stefano Pessina will be as aware as anyone of “time’s winged chariot hurrying near”. But is his sense of the passing of time in danger of impairing the judgement of the notoriously dogged and astute Italian dealmaker? The [...]
Let’s be honest, reusable plastic bags are actually terrible for the environment September 8, 2022 Since 2015, single-use plastic bags have declined by 97 per cent. There’s just one problem: this probably hasn’t helped the environment.
Vodafone CEO: A merger with Three isn’t a threat to national security or competition June 30, 2023 Vodafone chief executive Ahmed Essam has defended plans to merge with Three.
Egg supply crisis: Tesco introduces buying limits as JD Wetherspoon changes menu November 22, 2022 Tesco is the latest chain to introduce limits on egg purchases owing to shortages and high costs. The supermarket told City AM it is introducing a limit of three boxes per customer to prevent shelves going empty. This comes after the British Egg Council warned the public that a the industry has been dealing with [...]