West End: Capco, Shaftesbury bosses to receive millions in shares after merger July 10, 2022 Top bosses at Covent Garden estate owner Capital & Counties Properties (Capco) and Shaftesbury will be awarded millions in shares after the merger between the two companies is completed. Capco’s top brass will receive shares amounting to £7.4 million while Shaftesbury’s senior executives will receive shares worth £5.3 million. The £3.5bn merger will see the [...]
Depleted chickpea crops across world as prices of hummus products surge this year July 10, 2022 Hummus lovers may be forced to cough up more for their favourite snack as global chickpea supplies are set to be depleted this year, amid the war in Ukraine. Poor weather and the war between Russia and Ukraine has dealt a blow to farmers growing the protein. Chickpea supplies could be down some 20 per [...]
Tesco and Heinz resolve pricing war with products set to return to shelves July 8, 2022 Tesco and Heinz announced they had resolved a pricing war today and said “lorries full of Heinz products” will “hit the road shortly”, after the grocer pulled the firm's products from shelves at the end of last month.
JD Sports hires former Morrisons chair Andrew Higginson to fill the boots of Peter Cowgill after 18 years at the helm July 8, 2022 JD Sports has hired Andrew Higginson to help fill the boots of Peter Cowgill as the sportswear retailer’s new chair. Mr Cowgill stepped down from JD Sports in May after 18 year as the company’s executive chairman. The resignation came after the company was fined £4.3 million by the competition watchdog for exchanging information with [...]
Shop visits increase as shoppers hunt for cheapest prices but sales growth lags July 8, 2022 Visits to shops have increased as shoppers hunt for the cheapest prices, however this has not translated into sales growth amid the cost of living crisis. According to data from the British Retail Consortium, UK footfall increased by two percentage points in June, versus the prior month. Shoppers were hunting for the best deals as [...]
Sainsbury’s investors back supermarket as it refuses living wage accreditation July 7, 2022 Sainsbury’s saw a minority of shareholders revolt over staff pay at its AGM on Thursday morning, with nearly 17 per cent backing a resolution for the supermarket to gain Living Wage accreditation. Some 16.7 per cent shareholders supported a resolution that urged the supermarket to become a Living Wage accredited employer. The resolution required 75 [...]
Cadbury’s allowed to register iconic purple colour trade mark in High Court ruling July 7, 2022 Cadbury’s has been allowed to register a trademark for the particular purple colour used on its chocolate bar wrappers, after a High Court ruling this week. Lawyers representing Cadbury, Charles Russell Speechlys, said Cadbury’s would now be able to register the colour (Pantone 2685C). The confectionery giant has been attempting to register the colour for [...]
Watches of Switzerland hails ‘tremendous’ growth as profits hit £126m July 7, 2022 Boss of luxury goods retailer Watches of Switzerland said it had been a “tremendous” year for the firm today as it reported a 98 per cent jump in pre-tax profits for the full year.
Currys commits to price freeze as full year profits jump July 7, 2022 Electrical retailer Currys committed to a price freeze on dozens of products today as it reported a jump in profits to £126m for the full year.
Sign-up economy falls apart as Brits ditch costly subscriptions en masse due to fast-shrinking budgets July 7, 2022 New figures out this morning show that the growth of the “subscription economy” is stalling rapidly as living costs squeeze household budgets and people return to pre-coronavirus pandemic routines. More than a third (36%) of people say they have cancelled at least one subscription because their disposable income has fallen as interest rates and inflation [...]