Sainsbury’s investors revolt over executive pay amid £261m loss July 9, 2021 Almost a fifth of Sainsbury’s shareholders rejected the supermarket’s renumeration report on Friday in the latest investor revolt against executive pay. It comes a month after it was revealed that CEO Simon Roberts took home a £583,000 bonus in his first nine months at the helm of the British supermarket, despite the company posting a [...]
Driver shortages leave gaps on Sainsbury’s shelves July 6, 2021 The boss of Sainsbury’s has admitted the supermarket has struggle to source all of its usual products in wake of a serious lorry driver shortage that has affected multiple sectors. Speaking today following Sainsbury’s quarterly results, CEO Simon Roberts said the supermarket giant had been unable to stock all its usual products because of driver [...]
Sainsbury’s plans £50m in price cuts as supermarket wars with Aldi and Lidl heat up July 5, 2021 Sainsbury's plans £50m in price cuts as supermarket wars with Aldi and Lidl step up
Amazon, Starbucks and Ikea among retailers demanding new laws against violence in shops July 4, 2021 A total 100 of the UK’s major retailers, including Aldi, Costa and Primark, have called upon the Prime Minister to help tackle escalating abuse and violence against retail workers. In a letter to Boris Johnson, the retailers asked him to support an amendment to the Police, Crime and Sentencing and Courts Bill that they believe [...]
E-commerce grocery sales plateau boosts Aldi’s market share to peak levels June 22, 2021 The growth of e-commerce sales in the grocery market has plateaued, giving the likes of Aldi an opportunity to grow its market share after not making use of online sales in the past year. The percentage of e-commerce sales in the grocery market remained flat at 13.4 per cent in the four weeks to 13 [...]
Speed shopping: Food delivery space in frenzy as well-funded newcomers eye Deliveroo’s market share June 9, 2021 Getir has become the latest in a raft of fast-growing grocery delivery operators to raise bumper cash injections to fuel ambitious growth plans. The Turkey-based company, which said it can deliver to customers in as little as 10 minutes and launched in the UK in January, secured almost £400m in investment last week, taking its [...]
Deutshe Bank mulls ditching EY as auditor following Wirecard scandal May 28, 2021 Deutshe Bank is inviting firms to compete for its 2020 audit just two years after hiring EY to replace KPMG, in a move that could see EY ditched in favour of another company. The chair of Germany’s biggest lender Paul Achleitner told shareholders that the company wants “to keep all its options open” when it [...]
Tesco is trying to give quick delivery apps a run for their money May 26, 2021 Tesco is set to launch a new rapid delivery service which will allow the supermarket giant to shuttle orders to customers doorsteps in less than an hour. The supermarket chain will first trial the Whoosh delivery service at its Wolverhampton Willenhall Express store – assessing its potential for a wider rollout. It said that the [...]
Morrisons online sales continue to soar despite lockdown easing May 11, 2021 Morrisons said online sales have continued to soar this year despite the lifting of lockdown restrictions. In an update this morning the supermarket chain said online sales were up 113 per cent in the 14 weeks ended 9 May compared to the same period last year. Internet sales helped boost group like-for-like sales excluding fuel [...]
Tesco, M&S and John Lewis among UK retail giants to threaten Brazil boycott over Amazon deforestation May 5, 2021 UK retail giants including Tesco, Marks & Spencer and John Lewis have threatened to boycott Brazillian agricultural commodities over the deforestation of the Amazon. In an open letter published today the retailers said they will take action if Brazil’s government passes a law expanding property rights for squatters on public land. Campaigners have warned that [...]