Amazon Fresh launches in London: Some postcodes now get one-hour chilled and frozen food deliveries through Prime Now October 8, 2015 Amazon is delivering fresh chilled and frozen food in selected London postcodes for the first time, testing out the waters for Amazon Fresh. A fresh pint of milk, tub of Ben and Jerry's or a packet of fish fingers for tea can be on some Londoners' doorsteps in less than 60 minutes with the new delivery service [...]
Inflation likely to have dipped during August – London Report September 13, 2015 UNEMPLOYMENT figures out this week are expected to show a stable labour market, while elsewhere economists are forecasting a dip in inflation and retail sales. Data out tomorrow is expected to show that consumer price inflation dipped back to zero per cent in August, after rising to 0.1 per cent in July zero per cent [...]
One third of Brits have already started Christmas shopping September 17, 2015 If you haven’t already done your Christmas shopping, then you might want to get stuck in because a third of UK shoppers are already one step ahead of you this season. A survey conducted by New York-listed technology company Rubicon Project found that 30 per cent of us have already started Christmas shopping. Among parents [...]
Morrisons reports improved sales and increased profits and says Brexit has had no negative effect September 15, 2016 Shares in Morrisons jumped almost five per cent as the market opened, after the supermarket reported an increase in sales during the 26 weeks to 31 July, and said it hasn't seen any ill effects from the Brexit vote. The figures Revenue dipped to £8.03bn from £8.06bn this time last year, however like-for-like sales in the first [...]
Houlihan Lokey buys boutique firm McQueen July 22, 2015 BOUTIQUE investment bank Houlihan Lokey has taken over London-based corporate advisory McQueen in a deal giving it a bigger presence in North America and London. The deal, terms of which were not disclosed, will see McQueen’s 45 staff in London, New York, Chicago, Dallas, and San Francisco merge into Houlihan Lokey’s consumer team. McQueen is [...]
Sinking supermarkets: Tesco has had a disastrous year. Can it recover? June 18, 2015 The UK’s supermarkets were once investment darlings. The likes of Tesco and Sainsbury’s emerged on the stock markets, radically changed our shopping habits and then rose to dominance on the FTSE 100. But times have changed, and the supermarkets have been down on their luck. Are they still worthwhile investments? “Part of the [...]
Supermarket price war attracts short sellers to record positions in sector June 9, 2015 It's no secret UK supermarkets have been under the cosh both in terms of the ongoing price war with discounters Aldi and Lidl, as well as several problems of their own making. Now it seems short sellers are making hay while the sun shines. The sector has attracted record interest from short sellers, with [...]
Sainsbury’s and Tesco ditch Transport for London’s Tube station Click & Collect scheme June 17, 2015 It seems the retail revolution is still a little way off, after supermarket giants Sainsbury's and Tesco ditched a scheme introduced by Transport for London (TfL) to let shoppers collect their groceries at Tube stations. Read more: TfL given the green light to turn its HQ into flats The scheme, introduced amid much pomp and [...]
Natoora’s Franco Fubini on why he prefers Italy’s food to its labour laws June 28, 2015 It is a promising time for Britain’s premium food sector. Last year, sales of organic food rose by 4 per cent to £1.86bn and specialised suppliers have been looking to capitalise on a disenchantment with supermarkets. Franco Fubini is one of them. “I was in the fresh produce section of a chain of delicatessens [...]
Apple Pay in the UK: These are the retailers and restaurants signed up for the July launch June 9, 2015 Some of the UK's biggest retailers are lining up to start accepting Apple Pay when it launches in the UK next month. As well as being able to use your iPhone or Apple Watch to seamlessly glide through ticket barriers on the Tube, the Silicon Valley giant has its finger hovering over the button [...]