Sainsbury’s planning major changes to struggling bank arm September 8, 2019 Sainsbury’s is plotting a radical overhaul of its loss-making banking arm as it reconsiders its business model in the wake of its failed merger with Asda. Read more: Sainsbury’s partners with Deliveroo on pizza takeaway service The household name is weighing up its options ahead of a meeting with investors in two weeks’ time. The [...]
Sainsbury’s heir to the throne quits to join media powerhouse WPP October 1, 2019 Sainsbury’s has confirmed the CEO of Argos is quitting the retail space to join advertising giant WPP as its new chief financial officer, sparking speculation that boss Mike Coupe is in for the long haul. John Rogers, widely tipped as Coupe’s long-term successor, will leave the retailer on 31 October after almost 15 years at [...]
Naughty or nice: Which businesses pleased or peeved Santa in 2020? December 21, 2020 Which businesses stood out this year for going above and beyond for customers and staff, and which will be remembered less favourably for their pandemic policies? The last year has certainly been one that will not be forgotten. The last 12 months have been widely been touted “the worst ever” by people around the world, [...]
General Election 2019: Businesses hit back as Labour ‘names and shames’ UK’s five worst bosses December 2, 2019 Businesses have hit back against Labour’s renewed attack, after the party “named and shamed” some of the biggest firms in the country. Retailers Amazon, Asda and Sports Direct, taxi app Uber and outsourcer ISS have all come under attack from Jeremy Corbyn, as part of Labour’s campaign promise to deliver “the biggest extension of workers’ [...]
Asda ends price guarantee scheme as it eyes lower prices after Sainsbury’s merger September 6, 2018 Asda has joined the rest of the big four in ending a price guarantee initiative, saying it is "less relevant" to customers. The tool will be available until 3 October this year, and customers will still be able to redeem their vouchers for 28 days from the date they receive them. The grocer's chief customer [...]
Tesco ‘unlawfully’ blocked rivals from opening nearby stores, CMA finds February 14, 2020 Tesco has been told to stop illegally blocking rival supermarkets from buying its land or leasing nearby sites by the Competition and Markets Authority (CMA). An investigation from the competition regulator found that Tesco had blocked access to rivals using restrictive contracts on 23 occasions. The UK’s biggest supermarket chain has agreed to take action [...]
Lidl sales help it hit record stake in UK supermarket sector December 10, 2019 The biggest supermarkets shed yet more market share to discounters Aldi and Lidl in the three months to the start of December, new data out today reveals. The big four grocers saw their collective market share drop by over one per cent to 67.7 per cent as people delayed their Christmas shopping and Black Friday [...]
Sainsbury’s to cut hundreds of management jobs January 21, 2020 Supermarket giant Sainsbury’s said today it would cut hundreds of management roles. It said the move was part of its plan to further integrate Sainsbury’s with catalogue retailer Argos which it bought in 2016 in a £1.4bn deal. Sainsbury’s said it had reduced its senior leadership team by 20 per cent since the start of [...]
The City View podcast, from City A.M., with Shaun Bailey May 11, 2020 In this episode Christian talks to the Conservative candidate for Mayor of London, Shaun Bailey. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Bailey launches a stinging criticism of the Mayor, Sadiq Khan, for “being too slow” in leading the capital’s response to the pandemic. He also warns the Mayor [...]
Retail bosses call for business rates reform in 2020 budget February 13, 2020 Major UK retailers, including Debenhams, Sainsbury’s and M&S, have this morning called on the chancellor to take action on business rates reform in the upcoming budget. Retail bosses representing some of the country’s biggest high street chains have written to Sajid Javid urging him to outline plans to reform the transitional relief system in the budget [...]