Tesco and Dunelm defy retail gloom April 16, 2019 By Graeme Evans from interactive investor. Impressive updates from Tesco and Dunelm show opportunities still exist in the embattled retail sector. A big hike in the Tesco (LSE:TSCO) dividend and an “incredible” trading update from Dunelm Group (LSE:DNLM) today combined to remind Brexit-weary investors there is life in the retail sector after all. The near-doubling [...]
Analysis: What the fuel crisis is all about and what may happen next September 30, 2021 Despite the government urging people to stop “panic-buying” petrol and return to their normal pattern of purchasing, pumps have run dry in some forecourts. Here City A.M. helps you to understand what is happening and who is involved. So who are the biggest players? The UK’s biggest operator is the Motor Fuel Group. Other companies [...]
Sainsbury’s to forgo business rates relief December 3, 2020 Sainsbury’s has decided to forgo the business rates relief on its stores granted by the government since March. Lockdown restrictions have remained in place for longer than originally expected and throughout the pandemic all Sainsbury’s stores have been deemed essential retail. Almost all have been open and trading strongly, with the exception of a small [...]
Co-op Group under pressure to repay £80m of government funding March 4, 2021 The Co-op board will reportedly meet next week to discuss handing back millions in government cash it was handed during the pandemic. The move would follow in the footsteps of leading supermarkets who returned business rates relief at the end of last year and have pledged to forgo the break announced in the Budget. The [...]
Panic over: Brits made 117m fewer trips to the supermarket this March March 30, 2021 Brits made 117m fewer trips to supermarkets this month than in March 2020, which was a month that saw supermarket shelves stripped bare as consumers started panic buying ahead of the UK’s first national lockdown. Grocery sales fell three per cent in the four weeks to 21 March 2021, while during the same period last [...]
Queen’s historic state funeral: The world says goodbye to Elizabeth II September 19, 2022 The Queen was consulted on today’s order of service over many years. It was prepared by the dean of Westminster in conjunction with Lambeth Palace. The Queen’s funeral has drawn to a close with a lament played by The Sovereign’s piper and her coffin has been carried from Westminster Abbey to be placed on the State Gun Carriage. [...]
The world’s most refreshing summer drinks, from Ribena to Rooh Afza July 22, 2021 What do you drink in heatwaves? A lightly chilled Bardolino or an easy-drinking Beaujolais? Cider? Coconut water? Homemade elderflower cordial? Iced mint tea? Robinson’s Barley Water? Sachets of healthy, re-hydrating Dioralyte? For me it has to be Ribena. Dr Vernon Charley, a scientist at Long Ashton Agriculture and Horticulture Research Station near Bristol, invented “Ribena” [...]
Asda to ‘Covid-proof’ trolleys and hire 1,000 safety marshals September 23, 2020 Asda has revealed a new investment plan to make its supermarkets Covid-secure, including the use of technology found in NHS coronavirus hospitals. The supermarket giant said it would appoint 1,000 new safety marshals stationed outside doors and in aisles, to make sure customers are wearing masks and maintaining a social distance from other shoppers. It [...]
Supermarket heavyweights the Co-op and Waitrose face mounting pressure to return business rates relief December 4, 2020 High street titans the Co-op Group and Waitrose are facing mounting pressure to follow their peers and hand back millions of pounds of business rates relief dished out to keep the companies afloat during the pandemic. The Co-op is facing growing disquiet from members after refusing to emulate rivals Tesco, Morrisons, Asda, Sainsbury’s and Aldi, [...]
Brothers in qualms: Goldman and Clifford Chance City bros charged with insider dealing and fraud February 16, 2021 Two brothers, one working for Goldman Sachs and the other for Clifford Chance, have been charged with insider dealing and fraud offences. Following an investigation, city watchdog the Financial Conduct Authority (FCA) has commenced criminal proceedings against Mohammed and Suhail Zina. The proceedings relate to six offences of insider dealing, and three offences of fraud [...]