Lidl boss warns retailers are ‘reeling’ after Budget tax raid Retail The boss of budget supermarket Lidl has warned retailers are “reeling” following Labour’s tax raid in the Autumn Budget. The German supermarket’s UK boss Ryan McDonnell said the discount brand was staring down the barrel of “tens of millions of pounds” in extra costs. This comes after the Chancellor unveiled a £25.7bn tax-raising package, with [...]
Retail bosses warn of £7bn cost burden after Budget Retail UK retail bosses have written to the Chancellor to warn of the wide-ranging damage from the Autumn Budget on their sector, including “inevitable” job losses and price rises. In a letter coordinated by the British Retail Consortium (BRC), 79 signatories, including bluechip retailers Tesco, Next, and Greggs, said they had “significant concerns” about the impact [...]
Autumn Budget: Company directors race to dump shares ahead of tax raid Money Fresh analysis has found company directors of listed companies are racing to sell shares ahead of a widely anticipated capital gains tax raid in next week’s Autumn Budget. Between 1 September and 22 October, the value of sell and buy transactions in directors of UK-listed companies in their own firm’s shares was £345.5m and £63m [...]
Greggs delivers success once again as evening trade boosts sales October 1, 2024 High street bakery Greggs has reported another quarter of strong sales growth, fueled by new products and extended evening opening hours. The sausage-roll maker told markets this morning that total sales rose by 10.6 per cent in the third quarter of 2024, with like-for-like sales up five per cent. This growth was “supported by menu [...]
The Capitalist: Lord Bethell bigs up the rave; Greggs goes bling; James Blunt kicks off September 12, 2024 Lord Bethell muses on the politics of the rave while Greggs releases the new must-have City accessory: catch up on the latest gossip in The Capitalist.
Greggs: Sausage roll-co breathe sigh of relief with ‘no plans’ to raise prices in 2024 July 30, 2024 Greggs has confirmed there are no plans to raise prices for the rest of the year, as London sausage roll-loving commuters breathe a sigh of relief. Chief executive Roisin Currie confirmed the news this morning are previous price increases of 5p for products were driven by wage increases, she said. The bakery boss added that [...]
Greggs: Bakery chain on a roll as sales up once again July 30, 2024 Greggs' total sales for the 26 weeks to June 29 reached £960m, crediting the boost in numbers to a partnership with Uber Eats and the roll-out of its evening trade plan.
New government must look after our most solid businesses July 11, 2024 We are not always good in this country at celebrating the most functional, and effective, of businesses; like JD Wetherspoon.
Greggs to open new logistics site as it rolls to 3,500 store target June 10, 2024 Greggs has invested in a new logistics site in Derby, to help support its expansion of 3,500 stores across the UK.
Coffee Wars: Inside the race to become London’s number one chain June 1, 2024 Coffee has played a vital role in reviving Brits for centuries. Despite feeling like a relatively new phenomenon, the first record of a coffee house in England dates back to 1652 and was said to be opened by a Turkish Man named Jacob in Oxfordshire.