Tesco shares drop despite bumper Christmas trading January 9, 2025 Tesco shares dropped two per cent in early deals this morning despite the retailer reporting abumper festive trading period. Food sales rose by 4.7 per cent in the six weeks to January 4, with a “particularly strong contribution” from fresh food, the grocer said. That’s more than double the market average of 2.1 per cent. [...]
Grocery spending hit record high at Christmas as Brits favour food over gifts January 7, 2025 Grocery spending hit a record high this Christmas as Brits dined out on premium goods and fizz, in a marked contrast to the anaemic growth in retail spending. Overall take-home sales at the grocers rose by 2.1 per cent over the four weeks to 29 December compared with last year. Brits splashed out on premium [...]
Just Eat: UK sales growth fails to offset falling orders October 16, 2024 Food delivery company Just Eat has posted a drop in sales as order numbers fell across all regions, but has reiterated its full year guidance. In a third quarter trading update, the London-listed company revealed its total gross transaction value (GTV) fell three per cent to €6.34bn (£5.3bn), down from 6.53bn (£5.46bn) in the year-ago [...]
How Heck! sausage mogul rejected yachting career to captain family business September 6, 2024 Following a rocky five years which saw sausage maker Heck plummet into the red, the 33-year-old entrepreneur at the helm of the family business said growth is finally on the horizon. From a pre-tax profit of almost £722,000 in its 2018 financial year, in 2021 the brand, which is headquartered on a 500-acre farm deep [...]
Supermarket Income REIT expands into Europe after buying stores from French retailer in £64m deal April 29, 2024 Supermarket Income REIT has acquired a portfolio of popular supermarkets in France for €75.3m (£64.4m), reflecting a net initial yield of 6.3 per cent.