PM reveals Asda woes over post-Brexit Northern Ireland Protocol July 7, 2021 Asda is facing unnecessary checks on its goods crossing from Great Britain to Northern Ireland due to onerous post-Brexit red tape, according to Boris Johnson. Johnson said there are some “very serious problems” with the way the EU was implementing the post-Brexit Northern Ireland Protocol and that movement needs to happen “pretty fast” to fix [...]
John Lewis and Waitrose to introduce flexible working for head office staff July 5, 2021 Bosses at John Lewis and Waitrose have confirmed they will introduce flexible working for all staff based at the company’s head offices. The announcement by the employee-owned retailer came after Boris Johnson confirmed plans to lift most lockdown restrictions on 19 July, including an end to the government’s work from home guidance. “If restrictions are [...]
Make sure your health is fully covered while travelling July 5, 2021 Wherever you’re travelling this year, whether abroad or closer to home in the UK, make sure any health and medical eventualities are covered by sorting out your travel insurance as soon as you book your trip. Asda Money’s travel insurance offers a variety of options. Choose from UK, single trip or annual multi-trip, with three [...]
Lockdown sparks more leave and paid benefits for some working parents July 2, 2021 Lockdown sparks more leave and paid benefits for some working parents
Premier Foods calls on government to deploy army amid severe lorry driver shortage July 2, 2021 Mr Kipling manufacturer Premier Foods has called on the government to consider using the army to distribute goods to help relieve a severe shortage of truck drivers that could see supermarket shelves left bare. Last week industry leaders warned Britain could face gaps on supermarket shelves this summer and an “unimaginable” collapse of supply chains [...]
Asda adopts permanent hybrid working for office staff July 2, 2021 Staff at Asda head offices will be able to choose where they work on a permanent basis even Covid restrictions are eased and working from home guidance is dropped. The change means around 4,000 staff, most of whom are based in Leeds, will be able to work more flexibly on a permanent basis. Asda said [...]
Business committee writes to CMA over private equity takeover concerns July 1, 2021 A spate of recent private equity interest in the UK’s supermarkets has prompted the chair of the parliamentary business committee to question whether the competition watchdog has sharp enough teeth to deal with such bids. Over the weekend, buyout specialists Clayton, Dubilier & Rice made an unprompted £5.5bn offer for Morrisons, which rejected the bid. [...]
Poundland owner Pepco increases earnings as store openings outpace pandemic June 24, 2021 Pepco Group, owner of discount retailer Poundland, has reported a 16.8 per cent increase in core earnings in the six months to 31 March, as revenue growth from new store openings offset the impact of pandemic restrictions. The group, which is listed in Poland and also owns the PEPCO and Dealz brands in Europe, trades from more than [...]
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 [...]
Private equity interest: Why is Morrisons such an attractive takeover target? June 21, 2021 Morrisons has rejected a £5.5bn takeover approach from a US private equity firm amid speculation that more UK supermarkets could be snapped up. Shares in Morrisons jumped earlier this morning following confirmation of the rejection at the weekend, as the chain said potential bidder Clayton, Dubilier & Rice “significantly undervalued” the grocer with its 230p-per-share [...]