Ocado: CEO pay jumps despite heavy losses and flagging share price March 6, 2025 The chief executive of Ocado has seen his pay jump despite continuing heavy losses at the technology and grocery platform. Tim Steiner took home more than £2.6m for his company’s latest financial year, a rise from the £1.9m he was awarded in the prior 12 months. The increase was mainly driven by a rise in [...]
HMV: Sales on song as billionaire owner helps turn around high street icon March 6, 2025 Sales at HMV have more than doubled in the last three years as its recovery under the ownership of Canadian billionaire Doug Putman continues at pace. The high street staple has reported a turnover of £189.5m for the 12 months to 30 May, 2024, up from the £177.9m it achieved in the prior year. The [...]
The Co-op admits blocking rivals from opening competing stores March 5, 2025 The Co-op has become the latest major UK supermarket to fall foul of a targeted campaign by the Competition and Markets Authority (CMA) to stop the use of ‘unlawful land agreements’ in grocery retailing. The group has admitted to 107 breaches of an order to stop supermarkets imposing restrictions that block rivals from opening competing [...]
Jollyes sinks further into the red despite sales surge at Pets at Home rival March 5, 2025 Jollyes has sunk further into the red despite its sales continuing to surge as it attempts to increase its rivalry with Pets at Home. The company has posted a pre-tax loss of £13.3m for the year to 26 May, 2024, after having also made a £5.3m loss in the prior 12 months. However, newly-filed accounts [...]
Legal trouble brewing between Ocado and M&S: What might this tiff deliver? March 4, 2025 Five years ago, M&S began listing its products on Ocado; however, this relationship has since turned sour. What happened between the pair?
Oak Furnitureland battles rising costs as sales cut March 3, 2025 Oak Furnitureland remains in the red as a catalogue of issues impacted its sales during its latest financial year. The Swindon-headquartered retailer has revealed its revenue fell by 17 per cent to £236m in the 12 months to the end of June 2024 because of “a soft market, the Red Sea disruption and the subsequent [...]
CEO brands B Corp status ‘greenwashing’ as she gives up title February 27, 2025 The founder and chief executive of a London-based pet food brand has said she’s decided to give up her firm’s B Corp status after criticising the coveted certification as “little more than a marketing badge and greenwashing”. Entrepreneur Aneisha Soobroyen set up Scrumbles in 2018 and achieved the status a year later. However, the CEO has [...]
Pure Electric: Scooter brand to make first profit in 2026 after transformation February 25, 2025 Pure Electric, the scooter brand run by former Hargreaves Lansdown investor Adam Norris, has predicted it will make its first profit in 2026 after transforming its business model. The Somerset-based business added that its pre-tax loss will continue to fall during its current financial year as it expands further across the world. The forecast comes [...]
Thatchers: Historic cider maker cheers record sales after Aldi legal battle win February 25, 2025 Sales at family-owned cider maker Thatchers have surged to a new record as they passed the £200m mark for the first time in its 120-year history. The Somerset-headquartered business, which was established in 1904, has reported sales of £203.9m for the 12 months to 31 August, 2024. The new figure comes after the firm’s turnover [...]
Billionaire ex-Tory treasurer ups Chapel Down stake after shares collapse February 24, 2025 The billionaire founder of city brokerage ICAP, Lord Michael Spencer, has upped his stake in English wine maker Chapel Down. The former treasurer of the Conservative party serves as a non-executive director of the Kent-headquartered company and now holds a 27.3 per cent stake. The increase comes after Lord Spencer bought 50,000 ordinary shares at [...]