Households face extra £271 on annual food bill as grocery inflation highest since 2011 April 26, 2022 Households are facing an additional £271 to their grocery bill, with price inflation now standing at the highest level in over a decade. According to fresh data from Kantar, grocery price inflation has reached 5.9 per cent, the highest level since December 2011. Brits are facing a slew of price increases this spring, as businesses [...]
Price war: Asda and Morrisons slash prices as supermarkets battle to woo shoppers April 25, 2022 Supermarkets are vying to win shoppers hunting for cheaper deals, as Asda and Morrisons become the latest to announce price cuts. Asda, owned by the billionaire Issa brothers, has said it will inject more than £73m into ensuring the prices of more than 100 essential items are low, until the end of the year. Meanwhile, [...]
McColl’s warns of ‘softer’ trading as newsagent continues rescue talks April 25, 2022 McColl’s has acknowledged “softer trading” as customers hold back on spending while the chain continues to try secure a financial lifeline from partners. Shares tumbled some 50 per cent in early trading on Monday morning, after the retail firm gave an update on its rescue deal talks. In a trading update on Monday, the convenience [...]
Brits race to snap up sunflower oil as shops place limits: Restaurants face shortage of cooking oil April 23, 2022 Supermarkets across the UK have placed limits on how much cooking oil customers can buy due to supply-chain problems caused by Russia’s invasion of Ukraine. Tesco is allowed three items per customer while Waitrose and Morrisons have placed limits of just two items each. The British Retail Consortium’s Tom Holder said the move was a [...]
Prices rising fast: Brits face acute egg shortage as spiralling hen food costs and energy bills lead to mass exodus of farmers April 20, 2022 UK customers could face empty shelves as an exodus of British egg farmers is caused by a lack of support from supermarkets amid spiralling costs, industry players warned today. Farmers have previously called on supermarkets to increase their egg prices due to soaring feed and energy costs in the production process. However, the industry has [...]
Fearless Hewitson can Fire Let’s Do It to a first victory April 12, 2022 JOCKEY Lyle Hewitson can continue his run of good fortune when the former three-time South African champion partners bottom-weight LET’S DO IT in the Canal Handicap (2.45pm) over the extended mile at Happy Valley today. Hewitson, who has ridden winners at Happy Valley and Sha Tin in the past week, has found it tough going since returning [...]
Purton’s skill can help Dragon escape ‘kiss of death’ from dreaded stall 12 April 12, 2022 STALL 12 at Happy Valley, especially in extended mile races, is normally the kiss of death for any galloper housed there. There are reasons to believe however, that it won’t stop HK DRAGON successfully following up last month’s course and distance win in the second division of the Morrison Hill Handicap (2.15pm). His victory with Zac Purton [...]
Morrisons slapped with ‘speculative’ rating after takeover leaves chain saddled with debt April 12, 2022 Morrisons has been slapped with a ‘speculative’ rating by a top credit agency after the private equity takeover of the chain last year left it saddled with debt.
CD&R offers to sell petrol stations so watchdog will green light £7bn Morrisons takeover April 7, 2022 Morrisons’ new private equity owner has suggested it would sell an undisclosed number of petrol stations in order to be approved by the UK’s competition watchdog. The competition watchdog had previously expressed concerns as Clayton, Dubilier & Rice (CD&R) also owns petrol station titan Motor Fuel Group (MFG). The Competition and Markets Authority (CMA) said [...]
Morrisons’ new owners green light plans to sell £500m worth of property April 5, 2022 Morrisons’ new owners have rubber stamped plans to sell a £500m property portfolio including manufacturing and distribution facilities. According to Sky News, the supermarket is preparing to appoint advisers to oversee the disposal of certain sites across the country. It comes just months after New York’s Clayton Dubilier & Rice (CD&R) took over the grocer [...]