Baked goods maker Finsbury Foods whisks up dividends for June May 26, 2021 Baked goods maker Finsbury Food had a stronger second half to its financial year, the group said this morning, expecting a profit before tax of at least £15m. Its profit before tax is ahead of market expectations, the cake maker said, as it prepares to reintroduce its dividend for the year ending 26 June 2021. [...]
Amazon Prime fees could soon rise to over £90 for 15m Brits despite record UK sales of £23.6bn February 9, 2022 Amazon’s UK revenue jumped over 20 per cent last year. That won’t halt a rise of at least 17 per cent in the cost of Prime membership, if it follows the lead of Amazon US. Even though Amazon has just announced record sales of £23.6bn here in the UK, it’s unlikely that will stop a [...]
Morrisons extends Amazon partnership as it delivers flat half-year sales September 12, 2019 Morrisons has posted flat sales in the first half as it unveiled a new multi-year partnership with Amazon Prime amid challenging conditions in the grocery sector Read more: Morrisons to expand Amazon online delivery service across the UK The figures Morrisons like-for-like sales excluding fuel and VAT ticked up 0.2 per cent in the six [...]
New data reveals the top 10 dealmakers of 2021 February 6, 2022 New data, shared with City A.M. has revealed the UK’s top dealmakers of 2021. The figures come on the back of a record year for mergers & acquisitions, which saw the completion of more than $5 trillion worth of deals. JP Morgan’s James Robinson ranked as the UK’s top investment banker, after topping MergerLink’s charts [...]
Sainsbury’s to close all stores, Argos and Habitat on Boxing Day as a ‘thank you’ to its 170,000 employees September 13, 2021 Sainsbury’s, Britain’s second-largest supermarket chain will keep all of its supermarkets, convenience stores and petrol filling stations shut this Boxing Day as a “thank you” to its roughly 170,000 colleagues. Sainsbury’s added that all its Argos and Habitat stores will also remain shut for the day. The decision follows rivals including Morrisons, Waitrose and Marks [...]
Novak Djokovic set to be deported after Australia visa row January 5, 2022 Nine-time Australian Open champion Novak Djokovic looks set to miss this month’s Grand Slam after he was dramatically denied entry to the country yesterday. The men’s tennis world No1 struck a triumphant tone when posting on social media this week that he would be playing the Australian Open having been exempted from its strict Covid-19 [...]
Co-op Group under pressure to repay £80m of government funding March 4, 2021 The Co-op board will reportedly meet next week to discuss handing back millions in government cash it was handed during the pandemic. The move would follow in the footsteps of leading supermarkets who returned business rates relief at the end of last year and have pledged to forgo the break announced in the Budget. The [...]
One in three Brits plans to stockpile food and drink this month for Christmas October 6, 2021 One third of consumers have already stockpiled food and drink items for Christmas, or are likely to before the end of the month. A survey from Lumina Intelligence found that more than half (56 per cent) of consumers were somewhat worried about media coverage of others stockpiling. 10 per cent said they were very worried. [...]
Online share of grocery sales hits record level during third lockdown March 1, 2021 The third national lockdown pushed the share of online grocery sales to a record high in January, double the level the previous month. The pandemic has accelerated the shift to online shopping with Britain’s big four supermarkets expanding their capacity during the crisis. The online share of grocery sales hit 16 per cent in January, [...]
Private equity needs to start speaking up for itself – it could be the key to ‘levelling up’ August 6, 2021 Private equity’s reputation is once again in the spotlight. With the supermarket Morrisons in the industry’s crosshairs, the public memory is reminded of previous scandals involving other household names. The multi-billion-pound bidding war for a major employer, headquartered in the north of England, has understandably attracted the interest of ministers and opposition politicians sensitive to [...]