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Iceland

  • Lidl and Iceland censored under junk food ad rules

    Retail

    Lidl and Iceland have become the first supermarkets to have adverts blocked by regulators under the government’s crackdown on junk food.  The rules cover some sugary and fatty foods, including sweets, pizza and chocolate. The Advertising Standards Authority (ASA) has been policing the new ban since January, but today’s warnings are the first it has [...]

    Lidl's boss has warned about the impact of the Budget, days after co-signing a letter warning Rachel Reeves to change course. Photographer: Simon Dawson/Bloomberg via Getty Images
  • Iceland boss offers job to Waitrose worker who tackled shoplifter

    Retail

    The boss of Iceland has offered a job to a man who was sacked by Waitrose after he prevented a shoplifter from attempting to steal luxury Easter eggs.  Richard Walker, boss of the budget supermarket chain, posted on LinkedIn telling Walker Smith, the shop assistant sacked by Waitrose: “You’re welcome to a job with us. [...]

    Iceland has reported its latest financial results.
  • Supermarket bosses meet Rachel Reeves amid dire food inflation warning

    Retail

    The bosses of some of the UK’s biggest supermarkets met Chancellor Rachel Reeves in emergency cost of living talks on Wednesday, amid warnings that food inflation could rise to double digits this year. Leading supermarkets including Tesco, Sainsbury’s and Morrisons attended Downing Street after efforts to gather industry bosses last week were abandoned amid concerns [...]

    The UK economy has seen low growth under Chancellor Rachel Reeves.
  • Iceland versus Iceland: Trademark feud put on ice

    March 4, 2026

    The decades-long trademark dispute between UK retailer Iceland and its Nordic namesake looks to be thawing as the supermarket’s boss offered discounts for shoppers in Reykjavik.  Executive chair Richard Walker has signalled an end to the frosty dispute between Iceland and Iceland which was kicked off by his father, the retailer’s co-founder Malcom Walker. The [...]

  • Asda: Will 2026 be the year supermarket giant bounces back?

    December 26, 2025

    This time last year, analysts warned that Asda needed to “dig down into its soul” if it was to turn around its fortunes. After a rollercoaster 2024 in which it struggled with debt, strikes and falling sales, the Leeds-headquartered supermarket giant was hoping the new year would begin to reveal green shoots of recovery. Under [...]

  • Iceland in the red as Rachel Reeves’ tax raid forces prices higher

    August 8, 2025

    Iceland has warned it is being forced to increases prices because of Chancellor Rachel Reeves’ tax raids as the supermarket chain fell into the red. The Flintshire-headquartered said that while it is “doing our utmost” to offset increasing costs arising from last year’s Autumn Budget, it will “inevitably have to pass some of these on [...]

  • Britain’s space launch programme could be thwarted by NATO

    May 19, 2025

    Aspirations of UK space launch will soon collide with the new geopolitical realities of global security, writes Susan Walton.

  • Airlines battle for a slice of the Arctic – who stands to gain?

    December 10, 2024

    Demand for Arctic travel is booming, driven by attractions such as the Northern Lights. Who stands to gain?

  • Iceland sheds 1,000 jobs as sales pass £4bn and loss slashed

    August 6, 2024

    Sales at supermarket giant Iceland passed the £4bn mark during its latest financial year as its pre-tax loss was slashed by more than £30m, according to newly-filed accounts. The Flintshire-headquartered chain has posted a revenue of £4.2bn for the year to March 29, 2024, up from the £3.9bn it reported during the prior 12 months. [...]

  • Supermarkets hope for Euro 2024 boost as Asda and Co-op lose ground

    June 18, 2024

    Asda and the Co-op are the only major supermarket brands in the UK to have lost market share over recent weeks, according to new figures.

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