No, the Norway option won’t turn Britain into a vassal state March 27, 2019 Think of all those Victorian statutes which are still good law today: the Partnership Act 1890, for example, or the Bills of Exchange Act 1882. There are many others. All were passed under a legislative system which we no longer recognise – indeed, which is now repugnant to us: no women could vote in elections; [...]
Icelandic carrier Wow Air faces headwinds as it extends deadline for rescue deal March 4, 2019 Iceland’s Wow Air is the latest low cost airline facing severe turbulence, after it has been forced to ask lenders for an extension to negotiate a rescue deal. The carrier, which has faced months of financial difficulties, confirmed it has asked for an extra month to negotiate a rescue deal with US investment company Indigo [...]
The UK’s best and worst supermarkets: How did Sainsbury’s, Asda, Aldi and Lidl do? February 22, 2019 The big four supermarket chains have lost ground to budget rivals in a survey of shopper satisfaction, as customers grow increasingly dissatisfied with the the quality of in-house labels. Read more: Watchdog may block Sainsbury's-Asda merger Aldi and Lidl outperformed the big four with customer satisfaction scores of 68 and 66 per cent respectively, according to [...]
Iceland Christmas sales fall despite furore over banned palm oil advert February 20, 2019 Iceland is set to reveal a decline in underlying sales over the festive period after its controversial Christmas advert failed to boost business. A report prepared for bondholders, obtained by the Financial Times, showed underlying sales fell by one per cent in the 16 weeks to 4 January. Read more: Iceland mulls bid for potential [...]
Asda sales growth falters amid competition probe into Sainsbury’s merger February 19, 2019 Asda today reported a slowdown in sales growth in the fourth quarter as it waits for the green light over its planned merger with Sainsbury’s. The supermarket chain, which is owned by US grocery giant Walmart, posted a one per cent rise in like-for-like sales excluding petrol in the three months to the end of [...]
Watchdog delays final report on Sainsbury’s-Asda supermarket merger February 11, 2019 The UK's competition watchdog today extended its probe into the supermarket tie-up between Sainsbury's and Asda by eight weeks. The Competition and Markets Authority (CMA) said it had decided to delay the publication of its report to give it enough time to “reach a fully reasoned final decision” on the £12bn merger. An inquiry group [...]
Iceland mulls bid for potential Sainsbury’s-Asda store sell-offs February 11, 2019 Frozen foods giant Iceland is mulling a move to snap up supermarket stores that Sainsbury’s and Asda could be forced to offload as part of their proposed tie-up. "We are looking at everything for sure," Iceland's managing director Richard Walker told the FT. "Food retail drives footfall and we are the only supermarket that is [...]
Iceland removes its name from some products after failing to meet own palm oil deadline January 24, 2019 British supermarket Iceland removed its name from some of its own-brand products last year, after it realised it couldn't meet its campaign target of selling no products containing palm oil under its branding. The retailer said it would remove all palm oil from 100 per cent of its own products by the end of 2018, due [...]
Fears over business rates mount as Britain’s major retailers prepare to form action group January 13, 2019 Some of Britain’s biggest retailers are coming together in an urgent bid to seek business rates relief from the government, City A.M. has learned. Around 50 major high street names are joining a mass lobbying effort to curb forthcoming rises in their property tax, as profits plunge in the face of falling sales and online [...]
Iceland to fight £21m claim that it pays staff less than the national minimum wage January 2, 2019 Iceland could be hit with a £21m fine after HM Revenue and Customs ruled that its Christmas savings scheme technically results in staff being paid less than the national minimum wage. The supermarket disputes the finding, which relates to a scheme whereby the company allows employees to voluntarily set aside money from their weekly wages over [...]