Fuel be surprised: Co-op sells petrol business to rival Asda for £600m August 31, 2022 The Co-operative Group (Co-op) has announced it will sell the company's petrol forecourt business to Asda in a £600m deal.
Asda eyes up Co-op’s petrol business in £450m bid August 29, 2022 Asda is the front-runner to buy approximately 130 petrol stations and convenience stores from the Co-op Group’s petrol forecourt business in a £450m swoop.
Shoppers spend more at convenience stores this summer while volume sales at large grocers dip August 23, 2022 Convenience stores have seen sales buoyed this summer, as shoppers coughed up £3.6bn on groceries in them over the past month. Over the four weeks to 13 August, convenience stores made up some 28.9 per cent of sales, according to fresh data published by NielsenIQ on Tuesday. Total till grocery sales saw a growth of [...]
Asda chair slams Boris Johnson for not being ‘in charge’ as UK flounders amid cost of living crisis August 17, 2022 Boris Johnson has been lambasted by Asda boss Stuart Rose for being on “shore leave” as the UK faces economic turmoil. The supermarket chairman has criticised the Prime Minister for treating his last few weeks in the job as “one big party,” while the country is in the throes of a cost of living crisis. [...]
Walmart maintains outlook for next year as profits tighten against inflationary pressures August 16, 2022 US retail giant Walmart’s profits were eaten into by inflation as it maintains its outlook for the next financial year despite revenue being up 8.4 per cent. The supermarket chain took in $152.9bn in Q2 but said this strong growth was “partially driven by inflation”, which tempered its outlook, and its profits. Its comparative sales [...]
City Moves: Who’s switching jobs in the Square Mile? August 16, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. White & Case Global law firm White & Case has bolstered its global mergers and acquisitions (M&A) practice with a fresh partner in London. Di Yu, who joins from Slaughter and May, brings a wealth experience advising [...]
Asda, Boots and Primark among retailers urging officials to prioritise crime against shop staff August 11, 2022 High street staples including Tesco, Aldi and Primark have signed a letter urging police commissioners to prioritise tackling crimes against shop staff. Some 105 retailers have written to police and crime commissioners in England and Wales, calling for more help with increasing violence and anti-social behaviour towards workers. Reports of abuse towards shop staff have [...]
Asda and Deliveroo partner up for rapid grocery delivery roll-out August 5, 2022 Asda and Deliveroo have announced a partnership for the rapid delivery of groceries, with a roll-out launching in 15 stores. Wakefield, Leeds and Manchester are among the first cities for the roll-out, with 2,400 products available from the Asda range that can be ordered via Deliveroo. Asda plans to launch 300 stores on the Deliveroo [...]
Cost of living: Morrisons follows Tesco and Asda in announcing fuel price cut of 6p per litre August 3, 2022 Morrisons is the latest supermarket to announce it is slashing the price of fuel, as households struggle to stay afloat amid a cost of living crisis. The retailer said on Wednesday that it had cut the cost of unleaded and diesel by an average of six pence a litre over the last week at all [...]
Tesco joins petrol pump war with 6.5p cut to unleaded after Asda’s 9p drop August 2, 2022 Tesco has slashed its prices for petrol to help customers manage with the cost of living crisis. The supermarket giant said the price of unleaded is set to fall by 6.5p and diesel by 4.5p, as many consumers and businesses continue to struggle with rising energy costs. “We know how tough rising fuel bills have [...]