Morrisons revenue tops £9bn, painting picture of health for bidders September 9, 2021 Morrisons has topped a revenue of £9bn in the past six months, as the bidding battle over the supermarket giant escalates. The retailer enjoyed a revenue lift of 3.7 per cent, including its fuel earnings, in its interim results for the six months to 1 August, painting a picture of health for potential buyers. The [...]
Morrisons online sales continue to soar despite lockdown easing May 11, 2021 Morrisons said online sales have continued to soar this year despite the lifting of lockdown restrictions. In an update this morning the supermarket chain said online sales were up 113 per cent in the 14 weeks ended 9 May compared to the same period last year. Internet sales helped boost group like-for-like sales excluding fuel [...]
Shopper numbers surge as stores reopen but retail footfall lags behind pre-pandemic levels May 6, 2021 The number of shoppers visiting UK retail destinations surged last month as non-essential stores were able to reopen for the first time in months. However, despite the spike caused by the lifting of lockdown restrictions, retail footfall in April remained 32.7 per cent lower than pre-pandemic levels in 2019. It was an improvement from the [...]
Supermarkets reinstate rationing amid new Covid-19 restrictions September 25, 2020 British supermarkets have reinstated rationing on essential products after the UK was plunged back into fresh coronavirus restrictions. Morrisons yesterday became the first major supermarket to roll out new measures, saying it would limit purchases of products such as toilet roll and disinfectant to three per customer. The company said it had sufficient stock levels [...]
India’s Covid crisis makes Barclays and other banks to shift call centre operations back to UK May 3, 2021 Barclays has announced it will shift some of its Indian call centre operations back to the UK as staff in the South-Asian country are struggling to cope with the ongoing Covid-19 crisis. A range of other UK and US banks and companies are mulling to do the same, according to multiple media reports in India [...]
The good, the bad, and the orange: In search of the perfect 2020 Christmas ad November 24, 2020 To call 2020 a “garbage fire” of a year would not be unfair. This year has turned people’s worlds upside-down in so many ways. But at least a few things remain a constant presence in life — one of which is the return of the blockbuster Christmas TV advert. While the advertising budgets look a [...]
John Lewis goes on senior hiring spree in push to modernise brand May 28, 2021 John Lewis has made three new senior hires to support its plans to transform and grow the business after a tough year. The new hires will focus on developing John Lewis’s online store, the retailer’s physical estates and branding. Steve Masterton will become director of online trade. He joins the partnership from Dunelm, where he [...]
Wetherspoons slams government for ‘behaving like Monty Python’s Dennis Moore’ over VAT rates July 7, 2021 Wetherspoons has hit out at the government for what is believes are unfair VAT rates on hospitality businesses, which could make the sector less competitive post-Covid. The pub chain has accused the government of “unfairness” and of ‘robbing the poor to help the rich’ by levying a higher VAT rate on food bought in pub [...]
Higher food prices loom due to gigantic pay rises for drivers as shortfall swells to 100,000 August 27, 2021 Shoppers could face long-term higher prices for food as result of systemic changes to the supply chain, supermarkets chiefs and hauliers warned today. Bosses at the Road Haulage Association said the “substantial” pay rises offered by firms in need of new drivers could force supermarket bosses to pass the costs on to customers. Hauliers have [...]
Tesco Bank quits ‘challenging’ mortgage market May 21, 2019 Tesco Bank has thrown in the towel on mortgages, ceasing all new lending as it attempts to sell of its existing ledger book. Read more: How London house prices in every borough have performed in 2019 Currently the bank has 23,000 mortgage customers who it has lent £3.7bn, a portfolio it is now exploring the [...]