Tesco to cut 400 jobs as it moves to ‘more efficient’ working January 29, 2025 Tesco has announced plans to cut more than 400 jobs in a bid to improve efficiency at the grocer, following in the footsteps of Sainsbury’s, Asda and Morrisons. The supermarket giant said that the “more competitive than ever” market means it must “work hard… to offer our customers unrivalled value”. “This means always being open [...]
Morrisons sales surge as customer loyalty pays off January 29, 2025 Eating into the market share of its rivals and growing its loyalty card scheme helped sales surge at supermarket giant Morrisons during its latest financial year. The Yorkshire-headquartered chain has reported a revenue of £15.2bn for the 12 months to 27 October, 2024, up from £14.7bn. Its group like-for-like sales also increased from 1.8 per [...]
Jollyes: Pets at Home rival to lower 3,000 prices and open new stores January 28, 2025 Pet superstore chain Jollyes has revealed plans to lower thousands of prices and open new stores across the UK. The retailer, which is a major rival to Pets at Home, has also announced a range of new benefits for its employees in a bid to attract new talent. The news comes almost a year after [...]
St Ewe Free Range Eggs on the ‘utter carnage’ of IHT reform and rebuilding trust with Labour January 25, 2025 For Rebecca Tonks, running St Ewe Eggs has been a passion project for 17 years. Tonks, who was 12 when her family first started selling eggs in addition to its dairy produce, launched the St. Ewe Free Range Eggs brand to UK supermarkets in 2007 under the Red Lion accreditation. “It didn’t take very long for [...]
The Week in Business: Reeves tries to rescue the non-doms January 24, 2025 It’s a funny old world when the pleas of pensioners, farmers and shopkeepers fall on deaf ears but a Labour chancellor flies to Davos to break the news that she’s “listened to the concerns of the non-dom community” – and will be watering down her assault on their tax arrangements. Let’s take a look at [...]
Morrisons joins Sainsbury’s and Asda in major job cuts after Budget January 24, 2025 Morrisons has become the latest UK supermarket giant to announce a major round of job cuts in the wake of the government’s Budget in October. The Bradford-headquartered chain has confirmed plans to axe more than 200 roles from its retail people team. The move forms part of a wider drive to significantly cut costs and [...]
Inheritance tax on farms: Lidl, Tesco and Aldi join demands for consultation January 22, 2025 Supermarkets Lidl, Tesco and Aldi have added their names to calls for a consultation over the government’s reforms to inheritance tax, citing concerns the changes would dent farmer confidence and choke off investment. In an unusual string of interventions, the retailers rode to the defence of farmers’ calls to pause the changes to Agricultural Property [...]
Stuart Rose is wrong: the world has moved on from the shop floor January 21, 2025 Stuart Rose has claimed that remote working is “not proper work”. That may make sense for retail but it’s wide of the mark when it comes to legal and financial services, says John Hayes Stuart Rose, the former head of supermarkets, Asda, Ocado and M&S and one of the most influential retailers of the past [...]
Back to the office helps City of London’s tallest tower to full capacity January 20, 2025 The City’s tallest tower, 22 Bishopsgate, has been fully let after four years as the financial district continues to prove its ability to command premiums for best-in-class sustainable spaces. There’s little sign of the gloom pervading other areas of the commercial office sector in the City, with rents at 22 Bishopsgate the highest ever achieved [...]
Sale Sharks owner sells £1bn empire to Asda backer TDR Capital January 20, 2025 Simon Orange, the self-made millionaire who co-owns Premiership rugby club Sale Sharks, has sold his business empire to Asda backer TDR Capital in a deal worth more than £1bn. CorpAcq, which is based in Cheshire, counts more than 40 businesses as part of its portfolio including the likes of Cotton Traders. CorpAcq does not included [...]