Two Lidl adverts banned after complaint from rival Aldi April 6, 2022 Lidl has been hit with a ban for two adverts after it claimed shoppers could save certain amounts of money compared to Tesco – following a complaint from rival grocer Aldi. The advertising watchdog said the adverts, which were shown in Scotland, were likely to mislead consumers. One advert claimed shoppers could save more than [...]
MPs warn of further food price hikes unless labour shortages are ‘resolved swiftly’ April 6, 2022 More grocery price increases are on the horizon unless the government intervenes to solve worker shortages, MPs have warned. Brits have faced bare supermarket shelves in the past eighteen months as various businesses were hammered by worker shortages. Now, the government must urgently take action and change immigration policy in order to alleviate pressure on [...]
Calories on the menu: Bosses fear new rules for restaurants will leave a sour taste April 6, 2022 Diners are being confronted with the calorie contents of meals at some restaurants under new laws that come into effect today – but could this do more harm than good? Hospitality bosses have said the changes come at the worst possible time, as the sector endeavours to recuperate pandemic losses while staring down the barrel [...]
Anytime Fitness eyes 20 new gyms as high street welcomes fitness tenants April 5, 2022 Anytime Fitness is planning to open 20 new gyms this year as it will reap the benefits of the post-lockdown real estate landscape. The gym operator said it had seen landlords drop rents and view the sector more favourably after the pandemic. Anytime Fitness UK’s Ben Dixon said: “It’s fair to say that we’ve often [...]
Persimmon and Taylor Wimpey sign up to government’s cladding pledge April 5, 2022 Housebuilders Persimmon and Taylor Wimpey have signed the government’s developer pledge to remove unsafe cladding in tower blocks installed within the past three decades. The pledge commits house builders to fix dangerous cladding and other fire safety issues in buildings over 11 metres. Taylor Wimpey revealed it was signing up to pledge on Tuesday afternoon, [...]
Moss Bros to open new shops as sales climb up for suits retailer April 5, 2022 Suits retailer Moss Bros has revealed plans for new shops after the retailer said trade had been boosted after it launched a range of casual clothes. The men’s formalwear chain, which hosts an estate of around 100 stores, reported a £93.1m turnover for the year to January. This was compared to pre-pandemic turnover of £128.3m, [...]
Purplebricks delays appointment of new CEO as due diligence checks continue April 5, 2022 Online estate agent Purplebricks has delayed the appointment of its new CEO amid reports of probes of a historic personal insolvency. The troubled real estate firm revealed a delay in appointing Helena Marston on Monday, in an update to the London Stock Exchange. Purplebricks stated that “due diligence checks required by the AIM Rules are [...]
Morrisons’ new owners green light plans to sell £500m worth of property April 5, 2022 Morrisons’ new owners have rubber stamped plans to sell a £500m property portfolio including manufacturing and distribution facilities. According to Sky News, the supermarket is preparing to appoint advisers to oversee the disposal of certain sites across the country. It comes just months after New York’s Clayton Dubilier & Rice (CD&R) took over the grocer [...]
Double-digit footfall boost for London and South East as shops fear cost of living crunch will deter customers April 5, 2022 Retail footfall saw a double-digit boost last month in London and the South East, thanks to a bout of sunshine. London and the south East saw a 11.3 per cent rise in footfall to retail destinations in March. This represented footfall down 22 per cent on pre-pandemic levels. Across the UK, footfall was up 9.9 [...]
Record revenue for Belvoir with 25 years of profit growth April 4, 2022 Estate agency Belvoir has posted record revenue, hitting 25 years of unbroken profit growth. The firm revealed a 39 per cent increase in profit before tax to £9.3m, sending shares up five per cent on Monday afternoon. Group revenue hit £29.6m, up 37 per cent, versus £21.7m in 2020. Last year was the “busiest year [...]
