Sainsbury’s half-year profit plunges 92 per cent November 7, 2019 Sainsbury’s has suffered a 92 per cent drop in half-year profit, as costs from store closures took a toll on the grocer’s balance sheet. Read more: Sainsbury’s former boss wants government to halve business rates and raise VAT The figures Statutory pre-tax profit fell from £107m last year to just £9m in the three months [...]
CNG Fuels to offer first carbon neutral fuels for HGVs November 7, 2019 This morning CNG Fuels, the UK’s leading supplier of renewable biomethane, announced plans to become the first supplier of carbon neutral fuels for heavy goods vehicles (HGVs). The supplier plans to use manure to produce carbon neutral biomethane which will undercut diesel prices up to 45 per cent by 2021. Read more: MPs demand parliament’s [...]
Petrol price falls for third consecutive month in October November 6, 2019 The price of petrol fell for the third month in a row in October, according to data from RAC fuel watch, with a litre of unleaded nearly 3p cheaper than it was at the beginning of August. The average price of a litre of unleaded dropped 1.57p to 126.42p at the end of the month, [...]
Christmas can come too early – or at least the adverts can November 3, 2019 It’s just days since Halloween, but the Christmas advert season is well and truly upon us already. But not everyone is feeling festive yet. Market researcher Kantar Group has revealed that 67 per cent of shoppers think the adverts are too early. Read more: Toxic Tube a health hazard for commuters On the other hand, [...]
Asda gives hundreds of employees extra week to sign new contracts before facing sack November 2, 2019 Asda will give employees an extra week to sign new employment contracts before dismissing them with the original deadline set for today. The supermarket said workers who had yet to sign the new so-called Contract 6 would be given a seven-day “cooling-off period” to change their mind before losing their jobs. Read more: Asda rejects [...]
Former Sainsbury’s boss: Halve business rates and raise VAT to save high street November 1, 2019 Jasper King, the former head of supermarket giant Sainsbury’s, has called for business rates to be halved and VAT increased to help high street retailers compete with their online rivals. Speaking to BBC Radio 4’s Today Programme, King said it was unfair that bricks and mortar retailers were forced to pay the rates when their [...]
For Generation Insecurity, the British dream has turned sour November 1, 2019 My 14 year old son is in a band. He loves playing to his classmates and studying GCSE music. Bizarrely (for me), he’s quite into Queen and eighties songs, which I joke with him was the same stuff I was listening to when I was his age. Intergenerational humour apart, it got me thinking about [...]
Two Sainsbury’s executives to step down in boardroom shake up October 29, 2019 The new chairman of Sainsbury’s is planning a major boardroom reshuffle as the UK’s third-biggest supermarket tries to move on from the collapse of its planned £15bn merger with Asda. Read more: Sainsbury’s heir to the thrown quits to join media powerhouse WPP Google’s Europe operations chief Matt Brittin and ex-Marks and Spencer executive Jean [...]
Tesco unveils new Clubcard Plus subscription scheme October 29, 2019 Tesco has announced its new £96 per year subscription loyalty scheme is set to launch next week. The supermarket said Clubcard Plus, which offers customers 10 per cent off two shops worth up to £200 each per month, could save shoppers more than £400 a year. Read more: Analysts react to Tesco chief executive Dave [...]
Asda rejects request to remove sack threat for thousands over compulsory contracts October 26, 2019 Asda has rejected a last-minute request from trade unions to remove the threat of dismal for thousands of staff if they fail to sign a compulsory contract by the end of next week. The GMB union has predicted that up to 12,000 of the more than 100,000 employee affected could lose their jobs because they [...]