Now Birds Eye and Walkers are putting up prices after Brexit November 6, 2016 Birds Eye and Walkers are following in the footsteps of consumer goods giant Unilever in raising their prices following a slump in the value of the pound after Brexit. Frozen food brand Birds Eye could raise prices by as much as 12 per cent in the next month according to the Sunday Times, and pack sizes [...]
Tesco Bank alerts thousands of customers to potential fraud November 6, 2016 Tesco Bank has notified thousands of customers that they may have been targeted by fraudsters. The supermarket-owned bank said it has identified "suspicious activity" via its fraud prevention systems on Saturday and is taking action as a precautionary measure. "We are sorry for the inconvenience we know this causes, however we want to do everything we [...]
John Lewis Partnership considers further reforms to staff benefits as squeeze on retailers tightens November 4, 2016 High street stalwart the John Lewis Partnership is considering further curbs on staff benefits as it becomes the latest retailer to fight back against soaring costs for the sector. Documents seen by City A.M. suggest the escalating national living wage could cost the John Lewis Partnership an additional £171m in 2020. Between 2015, when the [...]
Analysts welcome a full year of growth for Morrisons November 3, 2016 Morrisons' share price was climbing this morning after the retailer said that its like-for-like sales were up 1.6 per cent in the third quarter, marking a year of positive same-store sales. Halloween sales jumped 20 per cent in the period. The company's share price was up 1.2 per cent this morning as a result, and [...]
The Aldi fightback is on: Morrisons records fourth consecutive quarter of growth November 3, 2016 After the devastating news that Morrisons was hiking the price of Marmite, it needed a good third quarter. And it has delivered the fourth consecutive quarter of growth, with sales up 1.6 per cent. Potentially a sign of, whisper it quietly, momentum building? The figures The 13 weeks to 30 October, like-for-like sales were up [...]
Asda vows to clean up its act after probe finds poor home delivery hygiene standards November 2, 2016 Supermarket Asda has taken “immediate action” to improve the standards of its home delivery service after an investigation exposed unhygienic conditions. Six in 10 deliveries were found to be “dirty or worse” by an undercover BBC Watchdog team, which launched the probe after a whistleblower raised concerns. Read more: Take that, Aldi: Tesco just gained [...]
Wetherspoon’s Tim Martin thinks that the falling pound will impact Eurozone businesses more than British companies November 2, 2016 Many of Britain's businesses may be feeling the pinch from sterling's recent malaise but the boss of one of Britain's largest pub chains doesn't think it will cause him too much pain. "The pound has gone up and down over the years and I haven’t noticed over the years a big effect on bar sales [...]
Everything you need to know about Black Friday 2016 November 1, 2016 Black Friday 2016 is almost upon us. Falling on 25 November, this year's mega-deals day is already expected to exceed last year's sales bonanza. Already the rumour mill has started up, with deal tip sites suggesting plenty of bargains will be on offer from electricals specialists from Currys to Carphone Warehouse, while the big players Amazon, John Lewis [...]
Tesco faces £100m damages claim from investors over the overstating of its profits October 31, 2016 Supermarket chain Tesco is facing a £100m damages claim from investors after the firm overstated its earnings in 2014. Bentham Group, which is providing the financial backing for the group's claim, said today that 125 shareholders are involved in taking action against the supermarket when it overstated its profits by £263m. The legal action will seek to [...]
Marmitegate is back: Now Morrisons is increasing the price of Marmite October 28, 2016 Remember when Marmite broke the internet a couple of weeks ago when Tesco and Unilever locked horns over pricing and Tesco threatened to stop selling the yeasty spread? Well, it now looks like Marmite really is in trouble, after Morrisons admitted it needs to hike its price by a whopping 12.5 per cent, according to retail [...]