Supermarket bosses meet Rachel Reeves amid dire food inflation warning April 1, 2026 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 [...]
Reeves must listen to supermarkets rather than lecture them April 1, 2026 Supermarkets begin preparing for Christmas at least six months before the anticipated peak of customer demand hits around December 23. Catering for this entirely predictable surge is in itself an astonishing commercial and logistical feat, but a little over six years ago the UK’s supermarkets were in the midst of an unprecedented challenge. As pandemic [...]
Reeves summons supermarket bosses again after snub March 31, 2026 Rachel Reeves has summoned supermarket bosses for a Downing Street meeting on Wednesday after being snubbed last week. The new meeting will be attended by executives at Sainsbury’s and Tesco but bosses at Asda, Aldi and John Lewis will miss out, supposedly due to diary clashes. The Chancellor hastily invited grocery executives to a meeting [...]
Tesco beats Clubcard copycats to claim loyalty scheme crown March 27, 2026 Tesco’s beloved Clubcard has triumphed against rivals Sainsbury’s and Greggs to be named the country’s most valued loyalty scheme. The supermarket giant’s Clubcard is the UK’s most effective, according to an index by software firm HyperFinity which polled Brits on the value, customer satisfaction and rewards offered by loyalty schemes at more than 50 retailers. [...]
City AM Awards 2026: Meet the Finalists March 18, 2026 And the nominees are…. Personality of the Year Greg Jackson CBE The entrepreneur and CEO of Octopus Energy has become one of the UK’s most prominent business leaders, known for his straight talking and punchy views across a range of topics including UK entrepreneurship, the business environment, capital markets and, of course, energy. In August [...]
‘It’s a feeding frenzy’: US consultancy scoops up dozens of senior Global Counsel staff March 10, 2026 A little-known American advisory firm is poised to hire up to a quarter of Global Counsel’s senior leadership team, amid a “feeding frenzy” that has broken out for top staff left jobless by the ignominious collapse of the Peter Mandelson-founded lobbying group. Washington-headquartered Capstone expects to confirm as many as 20 senior hires in the [...]
Thousands of Tesco staff to pocket £134m windfall March 3, 2026 Thousands of staff at retail giant Tesco could pocket proceeds from a £134m windfall as part of its employee investor scheme. The supermarket group said more than 22,000 of its staff are eligible for significant payouts from the pot, which is part of its save-as-you-earn investor scheme. The pay boost for frontline workers follows Tesco’s [...]
Sainsbury’s could slash 300 jobs in head office shakeup February 26, 2026 Retail giant Sainsbury’s could axe up to 300 jobs as it overhauls its tech and head office teams across its supermarket and Argos operations. The grocery is restructuring its technology and data unit into one dedicated team for Argos and two for Sainsbury’s. The firm, which employs around 140,000 people, announced it would cut 3,000 [...]
Not-so-drastic Dave: Diageo boss defies expectations of slash-and-burn reign February 25, 2026 ‘Drastic Dave’ Lewis, who gained a reputation for cost-cutting and ruthless rationalisation during his time at Unilever and Tesco, was more ‘demure Dave’ when announcing Diageo’s first results of his tenure as chief executive. The spirits giant has been struggling in recent years, with its share price down 22 per cent year-on-year – and Lewis’ [...]
Weight-loss drugs to slow supermarket sales February 25, 2026 Weight-loss drugs are set to slim down supermarket sales in the UK as more Brits opt for diet-conscious shopping, a City broker has warned. The growth rate of supermarket sales is expected to slow this year due to the increasing popularity of diet-suppressant jabs, population growth and falling food inflation, according to a note from [...]