Tesco nudges 2m shoppers to spend £13m of expiring vouchers before Christmas rush November 9, 2022 Tesco has reminded 2m of its customers to spend up-to £13m in unclaimed vouchers before they expire in a bid to battle the cost of living crisis this Christmas. The retail giant’s friendly nudge to almost 2 million people comes as the cost of living continues to bite, and many look to save money ahead [...]
The American dream: Flutter upgrades US outlook with ‘no sign of slowdown’ November 9, 2022 The American dream continues for Flutter, as the betting giant boosts it revenue guidance for its US business Fanduel. The Paddy Power and Betfair owner told investors its third-quarter revenues rose 22 per cent year-on-year to £1.89bn, bolstered by a recent Italian acquisition and stateside success. US revenue surged 82 per cent to $700m, pushing [...]
Marks & Spencer profit dented as Ocado joint venture books £0.7m loss November 9, 2022 Marks & Spencer’s half-year profit slid on Wednesday after it said its joint venture with online grocer Ocado had suffered a £700,000 loss. In half-year results to 1 October, M&S said its group profit before tax was £205.5m, versus a £269.4m sum the previous year. Bosses pointed to a lack of business rates relief compared [...]
Exclusive: Laybuy eyes profit as customer spend surges to £64m November 9, 2022 Buy-now pay-later firm Laybuy said it was on track to hit profitability this year as it reported a 32 per cent surge in the amount of cash it brings in per customer.
World Cup advert review: Pepsi beats Coke as brands grapple with Qatar controversy November 8, 2022 Steve Howell of creative agency Dark Horses picks the best and worst World Cup adverts ahead of the month’s tournament in Qatar. ‘Tis the season with a World Cup unceremoniously stuffed in the middle like the turkey in a Pret Christmas sandwich. The 12 years since Qatar were awarded the tournament have been full of [...]
Restaurants ‘entering winter in freefall’ as insolvencies leap by almost half November 8, 2022 There has been a tsunami of restaurants entering liquidation in the quarter to September, causing hospitality leaders to renew cries for government support this winter. According to recent numbers from the Insolvency Service, the number of food venues facing insolvency sky-rocketed 46 per cent in the most recent quarter. Some 158 businesses went into liquidation [...]
Scorching inflation raises fears of Christmas spending slump November 8, 2022 Scorching inflation hobbling Brits’ finances has triggered a spending squeeze that could bleed into Christmas, research out today reveals. Surveys out from Barclaycard and the British Retail Consortium (BRC) show retail sales volumes likely fell in October. While the organisations measured a jump in consumer spending of 3.5 per cent and 1.6 per cent respectively, [...]
More trouble for Black Friday as DS Smith workers vote to strike November 7, 2022 Workers at packaging giant DS Smith voted in favour of strike action this afternoon, adding further pressure on the likes of Amazon in the run up to Christmas. The GMB union said that almost 1000 staff voted for action, adding that the move could have “serious implications” on household names like Amazon who rely on [...]
Government must investigate energy pricing for businesses, urges hospitality body November 7, 2022 The boss of one of the country's leading hospitality bodies has urged the Government to look into energy pricing for commercial businesses.
Tech troubles: Apple iPhone 14 shipments hit by Chinese Covid-19 curbs November 7, 2022 There will be fewer iPhone 14’s under Christmas trees this year after Apple forecast smaller shipments of its latest offering. Apple supplier Foxconn issued a significant production cut as it battled against a Covid-19 outbreak at one of its large facilities in China in mid-October and tough local pandemic restrictions. The Zhengzhou plant – one [...]