Shops’ tax bill 755 per cent higher than online rivals amid war of words over sales tax May 23, 2022 Traditional brick and mortar retailers pay 755 per cent more – almost eight times – than their online rivals in business rates tax. The figures come after Sainsbury’s and Marks and Spencer execs have voiced differing opinions over the prospect of an online sales tax. Fresh analysis by real estate advisor Altus Group has found [...]
Price of Aussie wine could fall victim to Treasury reforms – yes, even after the trade deal June 24, 2022 AT THE end of last year, to much fanfare, the UK and Australia signed the free trade deal – the first negotiated from scratch following Brexit. The UK is the number one destination for Australian wine exports in value and volume, exporting 246 million litres of wine worth AU$449m in the 12 months to March [...]
Whole Foods was Amazon’s grocery debut, now it’s time for a main course November 11, 2021 Amazon took its first major step into grocery when it bought Whole Foods Market in 2017 for $13.7bn. The purchase sent shockwaves through the retail world at the time. It marked Amazon’s first step into brick-and-mortar retail and analysts interpreted the move as an effort to muscle in on the supermarket sector. But Amazon’s Whole [...]
London: The 10 stunning projects held up by the planning system June 20, 2024 All this week, City A.M. has been making the case that London’s future prosperity depends on new buildings. But what about the future that might have been? From rock stars objecting to affordable housing to jumping spiders blocking rollercoasters, vested interests are too often allowed to get in the way of potentially transformative new developments. [...]
Shortages saga: A third of UK mid-size firms forced to slim down offerings October 4, 2021 With the UK’s supply chains riddled with labour shortages and continued Covid-19-related hang-ups, a third of mid-size firms have been forced to reduce their offering. More than 34 per cent of businesses already trimmed their product lines and services by mid-September – before the fuel crisis had gripped the nation, according to accountancy firm BDO. [...]
UK looks to wrap up Australia trade deal in coming weeks June 3, 2021 The UK is aiming to close a free trade deal with Australia in the days after next week’s G7 summit in Cornwall. Both sides said last month that they would aim to sign up to an in principle agreement by June. It comes as the 11 nations of the Comprehensive and Progressive Agreement for Trans-Pacific [...]
Asda rolls out one-hour home delivery service across 96 stores October 8, 2021 Asda said this morning it is planning to extend its one-hour express delivery service to 96 stores following a successful trial over the summer. The service gives customers access to Asda’s full online range of more than 30,000 grocery products for delivery within the hour if they live within a three-mile radius of a store [...]
Pandemic boost: Pharmacy2U’s online product delivery climbs to 17m July 21, 2021 Pharmacy2U has delivered over 17m medicines since the start of the pandemic, figures from the Leeds-based online pharmacy showed today. The e-pharmacy, well-known for its repeat prescriptions service, has seen a sharp increase in customers ordering medicines online. The company has grown its operations to support the work of the NHS and adapt to stay-at-home [...]
Australia first country to place mega order for Merck’s new Covid pill October 6, 2021 Australia will buy 300,000 courses of Merck & Co’s experimental antiviral pill, Prime Minister Scott Morrison said earlier today. The announcement comes as Victoria logged the highest number of daily COVID-19 infections of any state in the country since the pandemic began. The new experimental Covid-19 pill reduced stays in hospital and deaths by half, [...]
City sitdown: Private equity should learn to be more emotional, argues City grandee October 5, 2022 Whether you like it or not, private equity is a significant part of the UK economy and accounts for almost 50 percent of all deal value, double the level from just five years ago, according to a recent deal analysis from PwC. Its fingerprint has been all over household names including Asda, the AA, Morrisons and [...]