Crisps shortages: Shoppers left empty-handed as multipacks run out November 18, 2021 Shoppers with a craving for crisps have been left empty-handed this month, as official data reveals the scale of shortages. According to data published by the Office for National Statistics (ONS) on Thursday, multipack crisps were the trickiest item to get hold of in the country. Shelf availability was lowest for the products, with almost [...]
Marks Electrical shines in half-year results following stock market debut November 18, 2021 Online electrical retailer Marks Electrical reported a 78 per cent boost to revenue in its half-year results, while also posting a lower profit.
Costa Coffee will serve M&S food from next year November 18, 2021 Costa Coffee and M&S Food have joined forces so that customers visiting the coffee chain will be able to order M&S items. The collaboration, titled Costa Coffee Now Serving M&S Food, will launch next year and mean Costa customers can order more than 30 M&S menu items. The range will be available in more than [...]
Grainger resilient against pandemic side effects as pre-tax profits soar November 18, 2021 The UK’s largest listed residential landlord Grainger has reported a higher pre-tax profit after revenue was driven by roaring housing demand. In results for the year ended 30 September, the property firm declared profit before tax up 53 per cent. What’s more, adjusted earnings rose two per cent while like-for-like rental growth saw a one [...]
London businesses hold out hope for bumper Christmas trade November 18, 2021 Three in 10 businesses anticipate this Christmas will be their most successful in the past five years, according to exclusive data from Barclaycard. Some 54 per cent of firms said they felt neutral or optimistic about the UK economy, meaning worries rage on for many businesses across the city. However, Barclaycard’s fourth quarter barometer found [...]
House of Fraser flagship Oxford St store to shut as firm warns of ‘inevitable’ further closures November 17, 2021 The House of Fraser flagship store on Oxford St is set to permanently close, in another blow to the capital’s shopping district. Frasers Group said it had been served notice by the landlord to close the site, after an application for planning permission to redevelop the site was given the green light. A spokesperson for [...]
Retailers to lose £5.6bn due to supply chain nightmares November 17, 2021 Retailers are set to lose £5.6bn after reporting heavy losses due to supply chain disruption. According to Coupa Software’s survey of around 600 supply chain leaders at retailers across Europe, retailers anticipate losses of up to 20 per cent. Supply chain issues have been blamed, with UK retailers estimating an average loss of 5.7 per [...]
David Cameron resigns from Afiniti role after founder accused of sexual assault November 17, 2021 Former prime minister David Cameron has quit as chairman of the advisory board to the Afiniti software company after its multi-millionaire founder was accused of sexual harassment and assault. Afinit founder Zia Chishti is alleged to have left a 23-year-old employee with injuries after sex on a work trip to Brazil in 2017. The US [...]
McColl’s shares topple by a third after supply chain nightmare hits profit forecast November 17, 2021 Convenience store chain McColl’s saw shares plummet by a third after it warned annual profits would be impacted by supply chain chaos. The firm blamed a lack of HGV drivers for a lack of supply of key items in the final quarter of its financial year. It said its EBITDA for the 2021 financial year [...]
Shortage warning: Greggs stores ‘may not have’ vegan sausage rolls November 17, 2021 Fast food chain Greggs has warned its popular vegan sausage roll is among products to have experienced “temporary interruptions” in supply. “Some shops may not have them or may not have them throughout the day. It varies,” a Greggs’ spokesperson told news agency Reuters. The vegan alternative has become a beloved staple of the bakery [...]
