Morrisons to be first UK supermarket to pay staff at least £10 an hour January 13, 2021 Morrisons will pay its supermarket staff at least £10 an hour, becoming the first major UK supermarket to reach that milestone. The new deal will start in April and represents a significant pay increase for nearly 96,000 colleagues, the majority of which will see a nine per cent rise. Staff had pushed for an increase [...]
UK supermarket sales soar to record-breaking £11.7bn in December January 5, 2021 UK supermarkets recorded their busiest ever month in December as grocery sales soared to £11.7bn amid bar and restaurant closures during the festive period. Morrisons was the strongest performer of the Big Four UK supermarkets, with sales jumping 13.1 per cent, followed by Tesco, which toasted a 11.1 per cent rise in sales. Sainsbury’s recorded [...]
Brands’ battle for the eyeballs: watch all the Christmas ads here November 13, 2020 As some of the UK’s biggest brands have rolled out their seasonal ads, it’s starting to feel a lot more festive. The battle for the eyeballs started in earnest this morning as John Lewis launched its annual television advertisement, gaining over one million views within just two hours. However, Aldi’s ad so far tops the [...]
Competition watchdog kills Sainsbury’s £7.3bn Asda merger: What went wrong? April 25, 2019 Almost a year to the day since Sainsbury’s first revealed that it was in merger talks with Asda, it has all come crashing down. In late April 2018 the two retail giants were losing market share to German discounters Aldi and Lidl, and the threat of Amazon moving into the grocery sector was very real. [...]
Ahold Delhaize launches €1bn share buyback as Covid-19 boosts sales November 4, 2020 Supermarket giant Ahold Dehlaize today said it will launch a €1bn (£896m) share buyback as it posted a rise in revenue for the third quarter. The retailer, which operates grocery chains across the US and Europe, said the buyback will begin at the beginning of 2021 and marked the strength in its business model. It [...]
Covid: UK trials new drug that could cut risk of severe illness by 80 per cent January 13, 2021 The UK has launched large-scale trials of a new drug that could cut the risk of Covid patients developing severe illness by as much as 80 per cent. Thirty-four-year-old Alexandra Constantin became the first patient to receive the drug, produced by London-listed biotech firm Synairgen, after receiving the dose at Hull Royal Infirmary yesterday afternoon. [...]
Kingfisher joins supermarkets in returning business rates relief December 7, 2020 DIY retailer Kingfisher has joined a list of retailers announcing plans to repay millions in business rates relief it received at the start of the pandemic. The FTSE 100 firm has announced it will pay back £130m in tax relief, pointing to strong sales since it reopened its UK stores in April amid high demand [...]
Amazon to dethrone both Tesco and Sainsbury as UK’s largest retailers within four years June 3, 2021 Amazon is to overtake Tesco as the UK’s largest retailer within the next four years, with sales expected to hit more than £77bn by 2025, according to new research, shared exclusively with City A.M. this morning. Last year, Amazon UK’s total sales were £36.3bn while Tesco’s sales were almost double at £64bn. However, by 2025, [...]
Supply chain pioneers, CORE (UK) Ltd win The Queen’s Award for Enterprise for International Trade May 7, 2021 We’ve launched our 5 step guide to building a digital supply chain which you can download here https://www2.core-uk.com/5-steps-to-advance-your-digital-supply-chain/ UK’s most prestigious business accolade awarded to independently owned digital supply chain management pioneers CORE (UK) Ltd for growth and commercial success in international trade Software innovation is at the heart of CORE’s international growth success. Their [...]
More than 150 MPs set to demand Asda backs down over ‘unscrupulous’ staff pay proposals May 2, 2019 More than 150 MPs have added their name to a campaign calling on Asda to drop controversial new pay proposals for its workers, heaping further pressure on the supermarket chain just a week after its planned merger with Sainsbury’s was blocked. Politicians have signed a letter written by Labour MP Siobhain McDonagh that accuses Asda of leaving thousands of [...]