Private equity interest: Why is Morrisons such an attractive takeover target? June 21, 2021 Morrisons has rejected a £5.5bn takeover approach from a US private equity firm amid speculation that more UK supermarkets could be snapped up. Shares in Morrisons jumped earlier this morning following confirmation of the rejection at the weekend, as the chain said potential bidder Clayton, Dubilier & Rice “significantly undervalued” the grocer with its 230p-per-share [...]
EU wants Brexit trade deal wrapped up with the UK by Friday December 3, 2020 Brussels officials are reportedly pushing for a UK-EU trade deal to be completed by tomorrow to avoid significant disruption when the Brexit transition period ends on 31 December. Talks between UK and EU negotiators are still deadlocked, with Brussels now warning that the European parliament will find it hard to ratify a deal before the [...]
Business rates from the 16th century are ruining the high-street and an online sales tax isn’t enough February 23, 2021 The pandemic is in many ways not a break from the past but a rapid accelerator, and nowhere has the world sped up as much as in our shopping habits. In the last year, more retail sales shifted onto the internet than had done so in the previous decade. UK consumers spent £24 in every [...]
Britvic installs Tesco finance guru as new chief financial officer March 11, 2019 Soft drinks giant Britvic has brought in the financial boss of a firm which is part of Tesco as its chief financial officer, in a move which pushed shares up one per cent on Monday morning. The company, which acts as Pepsico’s producer in the UK, has appointed Joanne Wilson, who will leave her role as [...]
FTSE 100 and US stocks slip as market optimism dips December 18, 2020 The FTSE 100 fell along with European and US stocks as optimism faded on trading floors, with doubts creeping in about a US stimulus bill and fresh tensions with China. London’s main stock index was down 0.2 per cent in the afternoon session to 6,539 points. The FTSE 250, which is more domestically focused, fell [...]
Supermarket delivery slots: Which grocers offer home delivery amid UK coronavirus outbreak? June 3, 2020 UK supermarkets are racing to increase capacity as the demand for home delivery services soars amid the coronavirus pandemic. All UK supermarkets are prioritising home delivery slots for those who are vulnerable, elderly, disabled or self-isolating. Many have introduced special in-store shopping hours dedicated to key workers. The surge in demand following the coronavirus outbreak [...]
Aldi launches first click and collect trial September 14, 2020 Aldi has launched its first click and collect trial as the budget supermarket seeks to attract new customers amid rising demand for online shopping. The German discounter is running the trial for Aldi employees from a store in the Midlands and is planning to extend the service to customers in the coming weeks. If the [...]
New tech regulation mustn’t be allowed to stifle innovation June 3, 2021 There is scarcely any market that could not be described as digital in 2021. In ten years time, the phrase ‘digital market’ will be, effectively, redundant. We should be concerned, then, by the creation of a powerful new regulator with a remit to cover all ‘digital markets’. Read more: UK says any global tax deal [...]
Bringing these wines will make you the perfect dinner party guest August 3, 2021 “Freedom Day” has come and gone and invitations to dinner parties, garden gatherings and long luncheons have come flooding in. It is the “done thing” to bring a bottle for your dinner party host but this can be tricky when you have no idea what is on the menu. If you cannot pair the wine [...]
Tesco set to ‘axe up to 15,000 jobs’ January 27, 2019 Fears that Tesco will axe 15,000 jobs emerged over the weekend, amid reports that Britain’s largest grocer is planning to overhaul some of its store operations as part of a £1.5bn cost-cutting plan. Reports in the Mail on Sunday said today that thousands of employees in Tesco’s meat, fish and delicatessen counters face the firing [...]