Iceland’s founding family mulls buying bigger stake March 10, 2020 Iceland’s founder could seek to regain ownership of the supermarket when South African investment company Brait sells its stake. Brait, which owns around 63 per cent of the frozen food specialist, said in November it plans to offload its stake in several British companies, including Iceland, in the next five years. It will also sell [...]
Asda cuts fuel prices after oil price spirals on coronavirus March 10, 2020 Supermarket Asda has cut the price of petrol and diesel amid the Russia-Saudi Arabia oil war. The supermarket has cut its price by 2p per litre (ppl), meaning petrol will cost 114.7p per litre and diesel will cost 116.7p per litre. Asda said they are its lowest fuel prices since November 2017. “It will be [...]
Coronavirus: Fifth death in UK as confirmed cases rise to 319 March 9, 2020 A fifth person has died from coronavirus in the UK as the number of confirmed cases in the UK rose to 319. The patient who was in their seventies was being treated at Epsom and St Helier University Hospitals NHS Trust. Chief executive Daniel Elkeles said: “We can confirm that sadly, a patient in their [...]
Coronavirus: Supermarkets call for competition laws to be waived March 9, 2020 The bosses of the UK’s biggest supermarkets are expected to warn the government that the outbreak of coronavirus could require competition law to be paused to allow them to collaborate. During a phone call with environment secretary George Eustice at least one of the big four grocers will reportedly call for the suspension of the [...]
Tesco ramps up fight back against German discounters March 5, 2020 Tesco has ramped up the competition with the German discount supermarkets as it pledged to price match hundreds of products. The UK’s Big Four supermarkets – which also includes Asda, Sainsbury’s and Morrisons – have been shedding market share to budget rivals Aldi and Lidl. Tesco, which is the UK’s largest supermarket, suffered a 0.8 [...]
Fuel prices fall on back of coronavirus crisis March 4, 2020 Coronavirus fears pushed prices lower on UK petrol station forecourts in February with some of the biggest reductions in diesel since 2000. According to data out today by the RAC, average UK unleaded petrol fell 2.93p to 124.02p a litre by 29 February, compared to 126.95 at the start of the month. Diesel also fell [...]
Lidl crowned UK’s fastest growing supermarket March 3, 2020 Lidl was the fastest growing supermarket in the UK over the last 12 weeks, taking the crown from online grocer Ocado. The German discounter increased sales by 11.4 per cent in the 12 weeks to 24 February, becoming Britain’s fastest growing grocer for the first time since November 2017, as it opened its 800th store [...]
By 2025, Greggs will look beyond vegan sausage rolls for growth March 3, 2020 Greggs will consider international expansion in the next five years to continue the strong growth it has achieved in the UK, the bakery chain said today as it reported record results for last year. Chief executive Roger Whiteside said the company had not started looking at options but it has acknowledged that global expansion may [...]
From Russia with kefir: How Biotiful Dairy sold a new drink to the British public March 2, 2020 How do you convince the British public to try a whole new food category, especially when it doesn’t sound very appealing at first glance? That was the challenge facing the Russian-born entrepreneur Natasha Bowes when she decided to try to start selling kefir in the UK. Kefir is a type of fermented milk drink made [...]
Goldman-backed Neyber set to be rescued by rival Salary Finance March 1, 2020 The Goldman-Sachs backed lender Neyber will reportedly sell its assets to rival Salary Finance. Neyber is expected to appoint administrators this week, according to Sky News reports. The consumer finance provider will offload its assets including its blue-chip customer contracts to Salary Finance. Sky News sources said the deal was almost certain to happen in [...]