Tesco is removing 1,700 deputy managers from its stores February 27, 2017 Around 1,700 Tesco employees face an uncertain future as the business eliminates a layer of management and replaces the jobs with lower-paid roles. The UK's biggest supermarket is replacing deputy managers in its "Express" convenience stores and creating 3,300 new, lower-paid "shift leader" jobs. Read more: Why Tesco could be better off leaving Booker on the shelf [...]
My best friend the algorithm is a better human than you are February 24, 2017 Thanks to my friends, I discover some outstanding TV drama from time to time. Like Lost, for example, or the first three seasons of Homeland. Two years ago, someone suggested that I watch a show. To be precise, they did not suggest, they insisted – indeed, demanded – sending me message after message which said: [...]
Milk giant behind Lurpak and Anchor increases prices for supermarkets February 22, 2017 The UK's largest dairy company, Arla Foods, has increased the prices of its products for supermarkets. The co-operative, which is behind brands such as Lurpak, Anchor and Cravendale, has been forced to hike prices due to the milk price rises in the last four months of 2016. Read more: Manufacturing giant Premier Foods considers price rises [...]
This isn’t an M&A bubble: It’s the start of an unprecedented boom February 22, 2017 After a blistering final quarter of 2016, the first few weeks of 2017 have seen dealmakers continue to mine a rich seam of M&A, with big ticket transactions including Tesco’s acquisition of Booker and Reckitt Benckiser’s bid for Mead Johnson hitting headlines in the UK, and Luxottica and Essilor’s €50bn (£42.4bn) merger among many others [...]
These are the UK’s best and worst banks – look away now Barclays users February 17, 2017 Feeling disappointed by your service at Barclays? Well, research shows you're not alone. Barclays has been voted the worst British bank yet again, falling to the bottom of MoneySavingExpert's twice yearly poll. But Barclays isn't the only high street lender that had a poor showing. HSBC and Royal Bank of Scotland (RBS) came towards the bottom of the table, as 21 per cent of [...]
Morrisons starts search for more local food suppliers February 17, 2017 Morrisons is looking for the "Innocent Smoothies of tomorrow" in a bid to get more local food to their shoppers. The supermarket wants to recruit more than 200 new suppliers across England, Scotland and Wales over the next year. To find Britain's best local food suppliers, Morrisons will invite foodmakers to pitch their products at a series [...]
Waitrose has been crowned the UK’s best supermarket February 16, 2017 Aldi and Lidl might be snatching market share from their rivals – but one middle class stalwart is still at the top of the nation's affections, according to a new survey. The report, by Which?, has crowned Waitrose the UK's best supermarket, above rivals Marks & Spencer, Aldi and Lidl. Meanwhile, Asda came bottom of the [...]
DriveTribe co-founders Richard Hammond and Ernesto Schmitt talk dating, driverless cars and excluding Jeremy Clarkson from music ventures February 13, 2017 How would you transition from celebrity to business magnate? If you’ve already done well in life, one option is to wind down. This is not, however, the option Richard Hammond and sidekicks James May and Jeremy Clarkson are going for. In case they didn’t have enough to do launching Amazon’s The Grand Tour, they’ve also [...]
Small businesses at sea over Brexit as the weak pound causes headaches February 13, 2017 Theresa May has not triggered Article 50 yet, but the uncertainty stirred up by Brexit, and the weak pound, are already weighing on small and medium-sized businesses. According to accountancy firm Moore Stephens, the fall in sterling in the wake of the Brexit vote on 23 June has been a key problem for businesses, with [...]
Boden appoints Tesco veteran as new CEO February 12, 2017 British clothing brand Boden has appointed Jill Easterbrook as its new CEO. Easterbrook formerly worked at Tesco for 15 years, holding at different times the roles of chief customer officer, group business transformation director and managing director of clothing. She left the company in 2016 and has been a non-executive director at Auto Trader since [...]