Supermarket sellout: After Morrisons, private equity firms are circling Sainsbury’s August 23, 2021 Private equity companies are circling British supermarket group Sainsbury’s with a view to possibly launching bids of more than £7bn. Watch the full report.
HMV backs the High Street by putting in place plans for 10 new stores July 20, 2021 Music and entertainment retailer HMV has announced plans that it plans to open 10 new stores as it continues to show faith in the High Street. It includes plans for a flagship London site. Following its decline into administration two years ago its Oxford Street store – along with many others – were closed. However, [...]
Revealed: The most-shorted UK stocks in the current volatile Covid-19 era July 13, 2021 New data from the London Stock Exchange and crunched by ETP provider GraniteShares shows the most-shorted UK stocks include some of the supposed "winners of lockdown": supermarkets and food delivery companies.
Sainsbury’s investors revolt over executive pay amid £261m loss July 9, 2021 Almost a fifth of Sainsbury’s shareholders rejected the supermarket’s renumeration report on Friday in the latest investor revolt against executive pay. It comes a month after it was revealed that CEO Simon Roberts took home a £583,000 bonus in his first nine months at the helm of the British supermarket, despite the company posting a [...]
Retail industry warns of increased abuse against workers over mask rules July 8, 2021 Retail industry warns of increased abuse against workers over mask rules
Former Sainsbury’s boss backs Ellie Goulding’s hard seltzer brand July 6, 2021 Former Sainsbury’s chief executive Justin King has made a “significant” investment in Ellie Goulding’s hard seltzer drinks brand and joined the board as a senior adviser. Served, which was founded by brothers Dean and Ryan Ginsberg last year, has seen its revenue surge in recent months and was valued at £13.6m after a funding round [...]
Driver shortages leave gaps on Sainsbury’s shelves July 6, 2021 The boss of Sainsbury’s has admitted the supermarket has struggle to source all of its usual products in wake of a serious lorry driver shortage that has affected multiple sectors. Speaking today following Sainsbury’s quarterly results, CEO Simon Roberts said the supermarket giant had been unable to stock all its usual products because of driver [...]
Sainsbury’s plans £50m in price cuts as supermarket wars with Aldi and Lidl heat up July 5, 2021 Sainsbury's plans £50m in price cuts as supermarket wars with Aldi and Lidl step up
Speed shopping: Food delivery space in frenzy as well-funded newcomers eye Deliveroo’s market share June 9, 2021 Getir has become the latest in a raft of fast-growing grocery delivery operators to raise bumper cash injections to fuel ambitious growth plans. The Turkey-based company, which said it can deliver to customers in as little as 10 minutes and launched in the UK in January, secured almost £400m in investment last week, taking its [...]
Amazon to dethrone both Tesco and Sainsbury as UK’s largest retailers within four years June 3, 2021 Amazon is to overtake Tesco as the UK’s largest retailer within the next four years, with sales expected to hit more than £77bn by 2025, according to new research, shared exclusively with City A.M. this morning. Last year, Amazon UK’s total sales were £36.3bn while Tesco’s sales were almost double at £64bn. However, by 2025, [...]