Wayve secures $200m to drive autonomous vehicle tech January 18, 2022 Autonomous vehicle tech firm Wayve has announced a $200m funding injection as it looks to ramp up development of its new AI technology. The King’s Cross-based firm has secured investment from long-term backer Eclipse Ventures, which led the round, with additional backing from firms including D1 Capital Partners and Baillie Gifford and additional support from [...]
Take the sting out of Christmas spending September 13, 2021 Spread the financial pressures of Christmas with the Asda Christmas Savings Card. Set up automatic top-ups online to put away money each month or top up anytime in-store or online and receive free a bonus on your card when you save £30 or more. The choice is yours — you can choose to spend your [...]
Asda blames sales slump on Brexit uncertainty November 14, 2019 Asda said Brexit uncertainty is negatively affecting consumer spending as the supermarket giant reported a dip in sales in the third quarter. Like-for-like sales, excluding petrol, fell 0.5 per cent in the third quarter as Brexit and the upcoming general election ramped up the levels of uncertainty. Read more: Asda gives hundreds of employees extra [...]
Heatwave: London fire chief calls for urgent barbecue ban as blazes rage in record heat July 19, 2022 An urgent and immediate ban on disposable barbecues has been called for by the London Fire Brigade as multiple blazes rage across the country. The emergency service said it had attended more than 1,000 grass and open land fires since the start of June, as the UK recorded its hottest ever temperature today. The Brigade’s [...]
Boots IPO still possible if private equity firms do not cough up, says owner March 27, 2022 One of the owners of high street chemist Boots says floating the chain as a standalone firm is not off the table if private equity firms do not cough up a suitable bid.
Issa brothers’ EG Group sees fuel gross profit margins reduce slightly after war in Ukraine May 24, 2022 The Issa brothers’ EG Group has seen its fuel division’s gross profit margins slim slightly after Russia’s invasion of Ukraine. Across the firm’s fuel arm, gross profit hit $481m in the three months to 31 March, a 16 per cent increase compared to the first quarter of 2021. However, its gross profit margins were slightly [...]
Clipper confirms £947m takeover offer by GXO logistics February 20, 2022 Clipper Logistics has confirmed it is being courted with a £947m takeover offer by suitor GXO, a US logistics giant.
Judge rules in favour of Morrisons workers in £100m fight for equal pay September 28, 2021 Thousands of Morrisons retail staff are making progress with their £100m fight for equal pay following a new ruling at an employment tribunal. The ruling, by judge Davies at Leeds Employment Tribunal, confirmed that Morrisons’ shop floor workers can compare their pay with the supermarket giant’s distribution centre workers. The mostly female staff, both current [...]
Billionaire Issa brothers snap up fast food chain Leon April 18, 2021 The billionaire brothers behind Asda have snapped up British fast food chain Leon in a deal worth a reported £100m. Mohsin and Zuber Issa, who have agreed a £6.8bn deal to buy Asda, are now swooping on the London-based food chain through their petrol station empire EG Group. The transaction, which includes 42 company-owned restaurants [...]
Clipper shares climb 14 per cent on GXO takeover offer February 21, 2022 Clipper logistics saw shares climb 14 per cent today following news the company is being courted with a £947m takeover offer from US suitor GXO.