UK risks losing ‘competitive advantage’ in race to develop self-driving cars September 15, 2023 The UK risks losing its “competitive advantage” in the development of self-driving vehicles if the government fails to pass legislation urgently, MPs and industry groups have warned. A report from the Transport Committee argues that self-driving has been a “Great British success story” but that if appropriate legislation is not included in the upcoming King’s [...]
THG: Cash flow improves at digital commerce giant September 14, 2023 THG, the Manchester-based digital commerce giant, has posted EBITDA above the top end of guidance in the first half of the year.
Waitrose warns of jobs cuts as it shakes up staff hours September 7, 2023 Waitrose workers have been warned that some jobs are at risk as the business looks to ramp up productivity and reduce costs.
Hot mic moments show us the real side of our leaders, for better or worse September 6, 2023 When Gillian Keegan swore on camera this week, it caused quite a reaction. But hot mic moments are fundamental in showing us political and business leaders are human, writes Simon Neville
Asda chairman says supermarkets owed ‘debt of gratitude’ as he snubs profiteering claims September 5, 2023 Asda’s chairman said supermarkets are owed a “great debt of gratitude” as he rebuffed claims that the grocer is profiteering from rising petrol and food prices amid the cost of living crisis. Speaking to LBC, Stuart Rose said that all retailers have seen their profits over the last year go “backwards”. “If you look at [...]
Subway sold to Dunkin Donuts’ owner Roark Capital in £7.55bn mega-deal August 24, 2023 Subway has agreed to sell itself to private equity firm Roark Capital, the owner of Dunkin Donuts and Arby’s, in a deal rumoured to be worth $9.55bn (£7.55bn). Earlier this year the sandwich maker said it was exploring options to sell the business, which has been in hands of the DeLuca and Buck families for [...]
Could hydrogen trucks power up Britain’s push to net-zero? August 22, 2023 Getting the trucking industry to net zero will come with a cost, if it gets there at all
Asda facing £1.2bn bill to 44,000 staff as leaked email piles pressure on pay dispute August 2, 2023 Asda is at risk of losing £1.2bn in historic compensation payouts according to the union representing staff, after a leaked email appeared to strengthen their case today. The email, which was obtained by ITV news, from lawyers Leigh Day compared the knowledge and responsibility of female workers – who traditionally work on shop floors – [...]
Supermarket fuel margins more than double since Ukraine war July 22, 2023 Supermarkets have more than doubled their margins on fuel since the start of the war in Ukraine, new analysis suggests. The RAC said Asda, Tesco, Morrisons and Sainsbury’s were making an average of around 4.7p per litre on fuel sales when the Russian invasion began in February 2022. The motoring services company found this had [...]
RAC: Tesco, Sainsbury’s, Asda and Morrisons have more than doubled fuel margins since Ukraine war July 22, 2023 Supermarkets have more than doubled their margins on fuel since the Ukraine war began, according to research from motoring firm the RAC. The ‘big four’ supermarkets – Tesco, Sainsbury’s, Asda and Morrisons – have seen the profits they make per litre of diesel and petrol rise from 4.7p to 10p since the Russian invasion started in [...]