Lidl joins Sainsbury’s, Tesco and Primark to shut shops for Queen’s funeral September 12, 2022 Top supermarkets and retailers including Lidl, Waitrose and Sainsbury’s are set to shut their UK stores on the day of Queen Elizabeth II’s funeral. Major retailers B&Q and Primark will also close shops for the bank holiday to mark the Queen’s state-funeral next Monday. Some supermarkets are also working on plans to cut some of [...]
Morrisons’ takeover of McColl’s won’t risk higher prices for vast majority of shoppers, CMA says September 8, 2022 Morrisons’ takeover of McColl’s newsagents has resulted in competition concerns in just a small number of areas, a watchdog has found. The Competition and Markets Authority (CMA) said the supermarket’s £190m rescue deal meant that the vast majority of areas will not face reduced competition. However, in 35 areas, the deal has presented price increase [...]
Waitrose admits it signed deals with landlords to block rivals from opening nearby stores September 2, 2022 Waitrose has admitted to signing deals with landlords halting other supermarkets from opening nearby for a decade, following a probe by the UK competition watchdog. The supermarket, which is owned by the John Lewis Partnership, has said it has re-written property deals for numerous sites to allay competition concerns. The Competition and Markets Authority (CMA) [...]
UK tech titan Micro Focus nearly doubles in value following OpenText’s £5bn takeover August 26, 2022 Micro Focus nearly doubles in value this morning as shares soar 93 per cent following OpenText's £5bn takeover announcement.
Starmer looks Down Under to Australian Labor for election blueprint August 22, 2022 David Milliband once said only politically “brilliant” leaders can win elections from the centre-left in Western countries. He was referring to the type of once in a generation progressive politicians – like Sir Tony Blair, Barack Obama, Bill Clinton and Harold Wilson – who swept to electoral victories on the back of their stunning personal [...]
Bargain Hunt: After Ted Baker, foreign buyers set to continue swoop on cheap London-listed firms August 17, 2022 Lawyers expect further corporate raids on the capital’s listed businesses after Ted Baker became the latest to be picked off by foreign, private firms.
Australian PM Anthony Albanese says Scott Morrison ‘trashed democracy’ in cabinet scandal August 16, 2022 Former Australian Prime Minister Scott Morrison was guilty of an “unprecedented trashing of our democracy” when he secretly appointed himself to five ministerial roles, according to current PM Anthony Albanese. Albanese said Morrison, who lost this year’s General Election, “deliberately undermined the checks and balances that are so important and essential for our democracy” and [...]
Morrisons, Tesco and Sainsbury’s suspend sales of disposable barbecues amid heatwave August 12, 2022 Morrisons, Tesco and Sainsbury’s are among a slew of household names to halt sales of disposable barbecues owing to warm weather concerns. There have been warnings about potential fires due to high temperatures this summer, as large swathes of the country have been categorised as drought status. Morrisons said in a statement on Friday: “In [...]
Hostelworld eyes operational profitability later this year as travel demand rebounds August 10, 2022 Travel platform Hostelworld has said it hopes to be profitable at an operational level in the second half of the year, as holidaymakers have returned in recent months. In interim results, the London-listed company said net revenue hit €28m in the period, compared to just €2.9m the previous year, as travel restrictions eased. While overall [...]
High street names including Tesco and Greggs call on Tory leadership candidates to slash ‘shop tax’ August 9, 2022 A coalition of retailers including Morrisons, Greggs and Tesco, have called on the Conservative party leader candidates to slash business rates. The Retail Jobs Alliance has called on both Rishi Sunak and Liz Truss to pledge to cut business rates, which it said were “killing our high streets”. The group, consisting of Co-op, Greggs, Kingfisher, [...]