Lockdown leaders: Aldi and M&S voted UK’s top in-store supermarkets February 22, 2021 Lockdown leaders: Aldi and M&S voted UK’s top in-store supermarkets
Delivery slot shortage gives welcome boost to High Street February 20, 2021 Overwhelmed supermarket delivery services have given bricks and mortar retailers a boost during the UK’s Covid-19 lockdowns. Key announcements by Boris Johnson have led to spikes in demand for services such as Ocado. And that, according to research by retail search platform NearSt, has seen Brits looking closer to home for essentials. Their platform, which [...]
Russian budget retailer Fix Price targets London listing February 15, 2021 Russian budget retailer Fix Price this morning announced plans to launch a London listing. The company, which is the largest value retailer in Russia, said the potential initial public offering on the London Stock Exchange would allow it to pursue growth and international expansion. Fix Price, which launched in 2007, has more than 4,200 stores [...]
New Ocado finance chief to take helm next month February 15, 2021 British online grocer Ocado said on Monday that its new chief financial officer Stephen Daintith will start his role on 22 March. Ocado had announced in August that Daintith, the current finance chief of Rolls-Royce, would be joining the group. Daintith has previously held senior roles at Daily Mail and General Trust, Dow Jones and [...]
FTSE 100 closes flat while Wall Street rally loses steam February 9, 2021 The FTSE 100 closed flat on Tuesday afternoon while Wall Street retreated on the back off a record session yesterday. London’s blue-chip index closed 0.12 per cent higher as sterling rose to a near three-month high, largely because the dollar floundered as investors eyed a large stimulus package on the horizon. The FTSE 250 closed [...]
Ocado sales jump in pandemic but investment in international business slows earnings growth February 9, 2021 Online supermarket Ocado reported a jump in revenue due to a surge in demand for home food delivery services in the pandemic, but said investment in its international technology business offset growth. Group revenue increased 32.7 per cent to £2.33bn, up from £1.76bn last year, driven by 35.3 per cent growth in its retail revenue [...]
TUI expects summer boost after pandemic pushes holiday giant into ‘fragile’ position February 9, 2021 The world’s biggest holiday company has announced a €699m loss during its first financial quarter as lockdowns severely limited demand for fights over the festive period. The results signal a difficult year for TUI, whose operations have been battered by the coronavirus pandemic. Cautious optimism Despite the challenges, the group remains confident in a strong [...]
Joules buys digital retailer for up to £12.5m in bid to expand in booming homeware market February 9, 2021 Joules has bought digital homeware retailer The Garden Trading Company for up to £12.5m, as it seeks to expand further into the thriving interiors market. Garden Trading sells its own home, garden and outdoor product designs through its direct-to-consumer platform and through 1,000 stockists across the UK. Joules said the acquisition will strengthen its position [...]
Journalist sues Facebook over loss of control of personal data February 9, 2021 A claim has been filed against Facebook in the High Court of Justice regarding a loss of control over his and the personal data of around one million other affected Facebook users in England and Wales. The claim, brought about by journalist and writer Peter Jukes, is a consumer representative action brought on behalf of [...]
The City View with pubs boss Emma McClarkin February 8, 2021 City A.M. Acting Editor Andy Silvester sits down with the British Beer & Pub Association’s Chief Executive Emma McClarkin, who tells all about the difficulties her members are facing as a result of the pandemic – and what can be done to solve them as the UK gradually reopens. Andy also talks to CMC Markets’ [...]