Morrisons confirms McColl’s rescue deal with thousands of jobs saved May 9, 2022 Morrisons has confirmed it will save McColl’s from collapse, after an agreement with its administrator. Thousands of jobs were left hanging in the balance as McColl’s teetered on the brink of collapse last week. However, now grocer Morrisons has confirmed it will snap up the convenience store operator through a pre-pack administration. The Clayton, Dubilier [...]
Al fresco: Publicans welcome permanent pavement licences as red tape slashed for good May 9, 2022 Hospitality bosses have welcomed news that pavement licences will be made permanent, securing the future of al fresco drinking and dining. Ministers introduced temporary licences amid the pandemic when pubs and restaurants faced periods of restrictions on indoor service. Under the Business and Planning Act 2020, the government made it possible for local authorities to [...]
Made snaps up boutique marketplace Trouva as homeware firm doubles down on growth plans May 9, 2022 Homeware firm Made has snapped up independent boutique platform Trouva, as it seeks to expand its product range. Trouva, which works with some 700 boutiques across Europe, will continue to be run as a standalone brand under its current leadership. In an update on the London Stock Exchange, Made said the acquisition would allow the [...]
Morrisons fends off Issa brothers’ EG Group in battle for McColl’s May 9, 2022 Morrisons has emerged victorious against EG Group in gaining control over McColl’s Retail Group, it has been reported. The supermarket giant had upped its offer to snap up the beleaguered newsagent operator after a last minute battle with the Issa brothers’ EG Group. According to Sky News, the chain beat down its competition after making [...]
‘Hello from the Big Apple’: Sadiq Khan touches down in New York City as London Mayor starts US tour to boost tourism and tech May 9, 2022 London Mayor Sadiq Khan has arrived in New York City and met with former mayor Michael Bloomberg as the London leader began a US tour aimed at boosting the British capital’s tourism and tech industries. The mayor of London tweeted he had caught up with his “good friend” Mr Bloomberg, who was in charge of [...]
Finger lickin’ good: Quorn teams up with KFC for European expansion May 9, 2022 Quorn has teamed up with KFC to expand into European markets as the demand for meat-free alternatives boom across the world.
Morrisons ups offer to bail out McColls in bid to claw chain back from Asda owning rivals May 8, 2022 Morrisons has put forward a last-minute offer to bail out McColls in a bid to claw it out the hands of its Asda owning rivals. Bradford headquartered supermarket chain Morrisons has improved its offer to buy McColls by vowing to pay its lenders immediately in full, Sky News first reported today. The improved offer comes [...]
Retail reality check: High Streets have too many shops which cannot all be saved, says retail guru Sir John Timpson May 7, 2022 Retail giant Sir John Timpson said there are too many shops in most towns and there needs to be more variety on the high street. Sir John, the chairman and owner of Timpson, a UK shoe repair chain with over 2,000 outlets, called for more choice in town centres. “We’ve got to look to the [...]
Amazon shareholders told to rebel on boss’s pay packet May 6, 2022 One of the world’s top shareholder groups has told Amazon investors to vote against a proposed pay hike for boss Andrew Jassy and the re-election of board director Judith McGrath at the firm’s annual general meeting this month.
InterContinental Hotels makes steady progress to 2019 levels as travel booms May 6, 2022 InterContinental Hotels (IHG) said that pent-up demand had driven people back on holiday, with revenue up 61 per cent and catching up with pre-pandemic rates. For Europe, the Middle East and Africa, revenue per available room (RevPAR) hit 122 per cent compared 2021, whilst the Americas were up 58 per cent. With America leading the [...]