Evri to ramp up courier workforce after DHL partnership June 9, 2025 Evri is planning to hire 5,000 couriers in a fresh recruitment drive as the parcel giant takes on rivals after entering the business letter market. The Yorkshire-based firm recently announced it was joining forces with DHL’s UK ecommerce arm to form one of the country’s biggest delivery firms. It said the new roles would bring [...]
Tesco shareholders eye returns as ‘awful April’ bill hikes set to hit profit June 8, 2025 Tesco shareholders will be watching closely for signs that it is managing to fend off competition as the supermarket price war heats up and “awful April” bill hikes eat into household income. The UK’s biggest supermarket chain will unveil its financial results for the first three months of its financial year on Thursday. Tesco recently [...]
M&S: Shares in FTSE 100 firm to hit 10-year high, say analysts June 6, 2025 Shares in Marks and Spencer (M&S) have been tipped to rocket to their highest valuation in ten years in the wake of the FTSE 100 giant battling a major cyber attack. Off the back of the British icon’s full-year results, analysts are predicting that shares in M&S will rise to more than 420p each. The [...]
Pret owners in discussions for IPO or possible sale June 6, 2025 Pret’s parent company JAB Holding has engaged advisors to explore options for the sandwich chain, which include a potential sale or stock market float. Luxembourg-based JAB, which bought Pret for £1.5bn in 2018, told the Financial Times that it was not “currently” considering a sale, but added: “As we move closer to a potential IPO, [...]
One in ten retail jobs at risk in the next three years June 6, 2025 Cost pressures in UK retail mean one in ten jobs are at risk of disappearing by 2028, according to a new report. The number of jobs in retail has already dropped by over 350,000 since 2015, a fall nearly ten times bigger than the total number of jobs in the steel industry, the British Retail [...]
Investors cheer Dr Martens’ turnaround plan – but will it work? June 5, 2025 Shares in Dr Martens have jumped by a fifth as investors cheered on the shoemaker’s new strategy for growth. The iconic brand said it had “failed to take advantage” of its leather goods offering and plans to expand its range of sandals and bags. It’s a “fundamental shift” for the brand, designed to open the [...]
Dr Martens: Shoemaker broadens range of sandals and bags as profit plummets June 5, 2025 Dr Martens has announced a new strategic focus after a bruising year which saw the brand nearly fall into the red. It will move away from a narrow focus on boots to a much broader approach targeting shoes, sandals and bags via a strategy called “Levers for Growth”. “Our ambition is to establish Dr. Martens as the world’s [...]
Boots: Profit jumps after closing hundreds of stores June 5, 2025 Profit at Boots has surged as the high street pharmacy chain closed hundreds of stores during its latest financial year as its owners abandoned plans for an initial public offering (IPO). The Nottingham-headquartered business shuttered 334 locations in the year to the end of August 2024, new accounts filed with Companies House have revealed. Instead [...]
Whoppers on choppers: Deliveroo launches first drone-delivery service June 5, 2025 Deliveroo has announced the rollout of a drone-delivery service for takeaways, with early test flights to be carried out in Ireland. Launching in Blanchardstown, Dublin, initial flights will be used to see how effective the drones are in delivering food, with the ultimate aim to expand the service across the UK and Ireland. “We have [...]
UK to miss out on tourism boom due to ‘layer upon layer’ of taxes June 4, 2025 UK tourism is at risk of suffering a decline as visitors are deciding against going to Britain due to the Treasury’s stringent tax policies, a key industry official has said, in the latest sign of the toll tax hikes are taking. Julia Simpson, the former British Airways chief who now heads up the World Travel [...]