The Week Ahead: Look out for GDP data, Ocado, AstraZ, Twitter and Ted Baker February 8, 2021 Start your week informed: here are the announcements and results to look out for this week. UK GDP: A double dip recession is looming After a fairly decent third quarter, and an expansion of 16 per cent, the UK economy has had a much more troubled fourth quarter, with the likelihood that we may well [...]
Coronavirus: Sainsbury’s to ease stockpiling restrictions on products April 3, 2020 Sainsbury’s will begin removing coronavirus stockpiling restrictions from its supermarket goods from this Sunday, it said today. The supermarket said a combination of more supply and panic buying measures means there is finally more stock on the shelves, prompting it to ease stockpiling measures. Restrictions are no longer in place on Easter eggs. However, buying [...]
LIVE: Blaze in Elephant & Castle under control, roads in area reopened June 28, 2021 Station commander James Ryan just told City A.M. the huge fire at Elephant & Castle train station is under control, nearly four hours after it started. Dozens of police and ambulance crews were still on the scene at 7.15pm this evening. The cause of the fire is unknown and is being investigated, he added. The [...]
FTSE 100 closes higher and US stocks rise despite fresh coronavirus lockdowns November 2, 2020 The FTSE 100 rebounded strongly from a terrible last week and US stocks jumped as investors rediscovered some optimism ahead of the US election and key central bank meetings. London’s main stock index was 1.4 per cent higher at 5,654 points by the close of trade, despite the imposition of a new national lockdown. The [...]
Sainsbury’s share price under pressure as it asks for more time on Asda merger probe December 12, 2018 Sainsbury’s has seen its share price tumble five per cent so far today, after it joined Asda in appealing to the courts for more time to argue its case over a planned £15bn merger between the two supermarkets. Both grocers said this morning that they have lodged a request to review the timetable and process of [...]
Christmas shoppers flock to toy shops ahead of second Covid-19 lockdown November 10, 2020 Toy and entertainment retailers reported a surge in shopper numbers in the days leading up to the coronavirus lockdown, as Brits snapped up Christmas presents ahead of the closure of non-essential stores. The latest analysis showed that toy stores more than doubled their share of pre-pandemic footfall between Monday and Wednesday last week. But one [...]
Walmart revives talks on sale of Asda stake July 20, 2020 Walmart has revived talks to sell a stake in Asda after pausing plans to focus on the impact of the coronavirus pandemic. The US giant, which is the largest retailer in the world, said it had restarted discussions with potential buyers after it was forced to temporarily abandon the move. “Walmart and Asda have restarted [...]
Waitrose hires ex-Sainsbury’s director as new boss April 29, 2020 Waitrose has appointed former Sainsbury’s buying director James Bailey as its new boss to steer the supermarket through the coronavirus crisis. Bailey, who worked for Sainsbury’s for 18 years, will join the John Lewis Partnership as an executive director today and will be responsible for managing the supermarket’s response to the coronavirus pandemic. He will [...]
Supermarket delivery slots: Which grocers offer home delivery amid UK coronavirus outbreak? June 3, 2020 UK supermarkets are racing to increase capacity as the demand for home delivery services soars amid the coronavirus pandemic. All UK supermarkets are prioritising home delivery slots for those who are vulnerable, elderly, disabled or self-isolating. Many have introduced special in-store shopping hours dedicated to key workers. The surge in demand following the coronavirus outbreak [...]
Sainsbury’s ramps up rationing on more items as demand rises March 18, 2020 Sainsbury’s will today ramp up the rationing of a growing number of its products in response to heightened demand from customers stockpiling items in the light of new coronavirus restrictions. As of this morning, customers will be able to buy a maximum of three of any grocery product and a maximum of two on the [...]