Cider maker Thatchers toasts success despite ‘unprecedented economic challenges’ March 19, 2024 Sales at historic cider maker Thatchers increased despite the company facing "unprecedented economic challenges" during its latest financial year.
UK supermarket giants launch £675m cartel lawsuit against fish farmers March 6, 2024 Several UK supermarket giants have bound together to launch a competition claim against different fish farmers, accusing them of operating a cartel-like operation. Asda, Iceland, Marks and Spencer, Ocado, Morrison, International Seafoods, Aldi and the Co-Op have all brought a lawsuit to the Competition Appeal Tribunal (CAT). The claims are against fish farmers, Seashore, Cermaq, [...]
Sainsbury’s to cut 1,500 jobs and invest in automation to reduce costs by £1bn February 29, 2024 Supermarket giant Sainsbury’s has said it plans to cut some 1,500 jobs as part of efforts to reduce costs by around £1bn per year.
‘Like Brands. Only Cheaper’: Court throws out Aldi’s appeal over gin bottle battle with Marks and Spencer February 27, 2024 Aldi's appeal against a decision that it had infringed on Marks and Spencer's registered design of its light-up gin was dismissed earlier today.
Spending on discounts rises four per cent as Brits do Valentine’s Day on a budget February 27, 2024 Consumers’ spending on offers increased by four per cent in February, worth £586m more than the same month in 2023, as Brits continue to seek out discounts despite cooling inflation.
Cost of love: Brits opt to dine in and scale back as flower prices soar this Valentine’s Day February 14, 2024 The price of a bouquet of roses has shot up around four per cent if you look at Wednesday’s inflation reading.
With UK dividends disappearing overseas, it’s time to resurrect employee ownership February 6, 2024 Promoting employee ownership is an opportunity to empower Brits and boost the economy, writes Bartek Staniszewski.
Morrisons: Revenue creeps up as private equity-owned supermarket fights debt pile January 31, 2024 Earnings at private equity-owned Morrisons have laid largely flat for the year, according to an update by the supermarket. Revenues excluding fuel topped however £14.9bn in the 2022/23 financial year up just 2.9 per cent the year before. Like-for-like sales also only managed to climb 1.8 per cent. Additionally, full year EBITDA crawled up 6.5 [...]
No cloudy business: Aldi did not infringe Thatchers’ trademark over lemon cider January 24, 2024 Aldi did not infringe on Thatchers’ trademark with its cider lemon drink, a judge ruled today, bringing a sigh of relief to the low-cost supermarket’s busy legal team. The English cider brand launched legal action against Aldi back in September 2022 over its cloudy lemon cider. Thatchers called on South West law firm Stephens Scown [...]
It’s gin time: Aldi faces off with Marks and Spencer in court over light up bottle January 23, 2024 Aldi and Marks and Spencer are back in court today for round two of their fight over a light up gin bottle with gold flakes. Marks and Spencer launched an intellectual property legal action against discount supermarket rival Aldi back in 2021 over a gin. Marks and Spencer introduced a new line of gin based [...]