Online share of grocery sales hits record level during third lockdown March 1, 2021 The third national lockdown pushed the share of online grocery sales to a record high in January, double the level the previous month. The pandemic has accelerated the shift to online shopping with Britain’s big four supermarkets expanding their capacity during the crisis. The online share of grocery sales hit 16 per cent in January, [...]
Tesco turnaround marks the milestone for Drastic Dave April 10, 2019 In the never-ending debate about executive pay, examples of failure are cited more frequently than cases of good value for money. Recently the likes of WPP, Persimmon and Ted Baker have all demonstrated how the actions of the top boss can dent the fortunes of a company and frustrate shareholders. But despairing investors now have [...]
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, [...]
Waitrose axes 124 jobs amid closure of unprofitable stores September 16, 2020 Waitrose has announced plans to axe four unprofitable stores, putting 124 jobs at risk. The supermarket said it will close shops in Caldicot, Ipswich Corn Exchange and Shrewsbury, while a fourth branch in Wolverhampton will be sold to Tesco. Waitrose said today that trading at the stores had been “challenging” and it had not found [...]
Revealed: Tesco and Metro are the worst challenger banks, according to customers April 29, 2019 Tesco Bank and Metro Bank are the worst challenger banks in the eyes of consumers, a new sentiment index has revealed. A new report into the sentiment of UK challenger banks by data firm Brands Eye found that Monzo and Atom Bank led the way. Read more: Tesco Bank slapped with £16.4m fine for data breach [...]
London ranked most optimistic UK city for career prospects April 30, 2021 Londoners have been crowned the most optimistic about their career prospects, according to research by LinkedIn, as the City emerges from a third national lockdown. LinkedIn’s latest research has found that 68 per cent of people in the capital are feeling optimistic about their job chances. Across the rest of the country, 61 per cent [...]
Barclays faces shareholder revolt over fossil fuel investments as AGM approaches April 29, 2021 Barclays is facing a second consecutive shareholder resolution concerning its position as Europe’s largest fossil fuel financier. Investors are increasingly drawing attention to the shareholder resolution due to be voted on at the bank’s Annual General Meeting next week, on Wednesday 5 May. A letter from investors with more than $4 trillion of funds urged [...]
Who will win the EV charger race? November 26, 2021 Sales of electric vehicles (EVs) have been remarkably strong recently. In the 12 months to June 2021, sales of EVs were more than 160% higher than in the same period a year earlier and were up by more than 130% in the comparable period in 2019 (according to BNEF data). So, although the transition to [...]
Jamie Oliver takes payday hit as restaurant collapse eats into profits January 3, 2021 Jamie Oliver has suffered a decline in profit from his business ventures as the collapse of his restaurant chain continues to take its toll. Pre-tax profits at the celebrity chef’s group of companies dropped to £7.1m in 2019, down nine per cent on the previous year. Turnover dropped just over five per cent to £38.8m, [...]
Global online tax on tech giants ‘in our grasp’, says Rishi Sunak March 23, 2021 Rishi Sunak has today said a global online tax on internet giants like Amazon and Facebook is “in our grasp”. Sunak said he was “very keen to see a resolution” on the issue, with the chancellor making it one of his top three priorities in G7 meetings this year that are hosted by the UK. [...]