‘Nothing has changed’: Supermarkets back in the firing line for jacking up pump prices October 30, 2023 Supermarkets are still profiting at the pumps at the expense of British motorists, despite criticism from the UK's competition regulator.
“You’ve got one job”: Investors wants answer on London Stock Exchange outage October 20, 2023 Investors are looking for a “quick answer” today after the London Stock Exchange was hit by a technical incident which halted trading in hundreds of smaller stocks on Thursday. Normal trading has resumed on the bourse this morning after trading at the smaller end of the market was curbed by the incident yesterday, although bigger [...]
Santa’s every little helpers: Tesco to recruit 30,000 festive staff October 13, 2023 Britain’s biggest supermarket, Tesco, is the latest retailer to launch a massive Christmas recruitment drive, as it looks for 30,000 staff. The grocery giant said it was appealing to cash-strapped Brits, ranging from students and families, hit hard by the cost-of-living crisis, to those who stepped away from work during the pandemic and want to [...]
Waitrose eyes deal with Amazon to sell groceries online in latest sales push October 9, 2023 Waitrose groceries could be sold on Amazon as part of a new deal being discussed by the upmarket grocer and delivery giant. The pair are reportedly considering the tie-up after the John Lewis-owned supermarket cut ties with Ocado nearly three years ago, according to reports published in The Telegraph. Amazon has recently struck up a [...]
Petrol forecourt owners bag £60m bonus as pump prices jack up profits October 9, 2023 Senior executives at Motor Fuel Group, the UK's largest independent forecourt operator, have raked in a bumper pay packet this year on the back of record profits.
Aldi and Morrisons to create thousands of jobs in run-up to Christmas October 6, 2023 Two supermarket giants Aldi and Morrisons have announced plans to recruit thousands of workers ahead of the busy festive season. Aldi is creating 3,000 permanent and temporary jobs, while Morrisons is looking for 3,500 extra staff to work in its stores, food manufacturing sites and logistics operations as both firms deal with expected increased demand [...]
Morrisons picks former Carrefour France boss as its new chief September 27, 2023 Morrisons has appointed former Carrefour France boss Rami Baitiéh to take over as the supermarket's new chief executive.
The Notebook: Victoria Scholar on the future of supermarkets September 26, 2023 Interactive Investor's Victoria Scholar on supermarkets, China's growth and a new podcast in the City A.M. notebook
Aldi throws £1.4bn into expansion as discount grocer enjoys record sales September 25, 2023 German discounter Aldi will invest £1.4bn over two years to support its expansion plans, as customers seeking out cheaper groceries continues to be a boon for the business. The value supermarket revealed today that its annual sales increased by a whopping £2bn to £15.5bn in the year to December, a record for the store in [...]
Arm IPO pockets advisers $84m in bumper payday September 17, 2023 The float of British chipmaker Arm pocketed its advisors $84m worth of fees in the biggest payout bonanza in nearly five years, according to new analysis.