Travelex restores some electronic services following cyber attack January 13, 2020 Foreign exchange company Travelex is beginning to restore some electronic systems almost two weeks after hackers held the company’s systems to ransom, leading to a global blackout of its online services. Staff at the foreign exchange giant had been forced to use pen and paper to serve thousands of customers after a cyber attack forced [...]
Tesco ditches plastic wrap on multipack tins January 24, 2020 Tesco is set to remove all plastic wrapping from its multipack tins in a bid to cut down on waste, a step it says will remove 350 tonnes of plastic per year from the environment. The supermarket giant has teamed up with brands including Heinz and Green giant to replace single-use plastic wrap on multipacks [...]
Banks suspend currency exchange after Travelex cyber attack January 8, 2020 High street banks Barclays, Lloyds and Royal Bank of Scotland are without foreign currency services after a cyber attack against forex giant Travelex. The banks, who get their foreign notes from Travelex, said supplies were running short after last week’s attack, in which hackers warned the firm that unless it paid $6m (£4.6m) they would [...]
Sainsbury’s stops selling fireworks following fears for pets October 18, 2019 Sainsbury’s has become the UK’s first big supermarket to stop selling fireworks across all its stores. The move followed a review of all of the supermarket’s products, Sainsbury’s said. Read more: Leon opts to launch new product range in major UK supermarket It also comes after a petition to ban the public sale of fireworks, [...]
Survive and thrive: Spencer Matthews’ low-alcohol brand is Clean-ing up June 5, 2020 London’s businesses have been forced to weather a storm they never saw coming, but many have pivoted to new ways of doing business. Today, City A.M. talks to the reality TV star-turned-entrepreneur Spencer Matthews about his Clean Liquor Company, selling low-alcohol spirits on Instagram and global ambitions For any business, at any time, consistently increasing [...]
‘Customers aren’t ready’: Sainsbury’s ends till-free store pilot at Holborn branch September 10, 2019 Sainsbury’s has said not all customers are ready for a till-free store as it ended a smartphone-only pilot scheme at a central London branch. The three-month trial came to an end as the supermarket reintroduced a manned till and two self-checkout points in it’s Holborn Circus store. Read more: Sainsbury’s partners with Deliveroo on pizza [...]
Are UK supermarkets ready for Brexit? September 25, 2019 “One can say very clearly what the direction will be: higher prices, less choice, and poorer quality, because all of those dimensions have been improved by these open trading relationships that we’ve had over the last 40 years […] Brexit, almost in whatever version it is, will introduce friction, it will introduce barriers. That makes [...]
City Moves for 29 January – Who’s switching jobs at TalkTalk, Countryside and SDL? January 29, 2020 Today’s City Moves includes TalkTalk, Countryside and SDL TalkTalk TalkTalk has hired the former BBC journalist and campaign strategist, Lucy Thomas, as director of corporate affairs. Lucy joins from the communications agency, Edelman, where she was senior director, leading campaigns and advising major brands like Uber, Sainsbury’s and Coca Cola on corporate reputation, PR, political [...]
Debenhams strengthens board as department store implements rescue plan December 10, 2019 Beleaguered department store Debenhams has appointed the former boss of Argos as a non-executive director in order to strengthen its board as it implements a turnaround plan. John Walden, who was chief executive of Home Retail Group until it sold Argos to Sainsbury’s in 2016 and is currently chairman of Naked Wines, has been appointed [...]
Ocado retains crown as Britain’s fastest-growing supermarket February 4, 2020 Ocado has retained its position as Britain’s fastest growing supermarket, with the online grocer achieving its quickest growth in the North of England. Ocado’s overall sales grew 11.2 per cent year-on-year during the quarter, with its market share rising 0.2 percentage points, according to data from Kantar. While over half of the grocer’s sales come [...]