Competition intensifies to buy UK supermarket stores despite uncertainty May 26, 2025 Real estate investors are increasingly competing to snap up UK supermarkets as a lack of new locations and slow planning processes weigh on developments. Grocery properties are “proving to be one of the most resilient and attractive investment sectors”, according to research by Colliers. Experts at the real estate firm said international and UK investors [...]
Starmer and Badenoch face off over EU deal May 20, 2025 Prime Minister Keir Starmer has defended his EU ‘reset’ deal in the House of Commons amid criticism from opposition MPs that the pact unpicks Brexit and sells out the fishing industry. Starmer told MPs that businesses’ reaction to the EU deal was so supportive that he didn’t “have time to run through the list” of [...]
Maserati GranTurismo Folgore review: Nice but niche May 20, 2025 After five years in development, Maserati recently scrapped plans for its fully electric supercar: the MC20 Folgore. Blamed on ‘insufficient demand in the super sports car market for a battery electric vehicle’, the decision reflects a wider challenge for the automotive industry. In short, car enthusiasts don’t feel enthusiastic about EVs. Where does that leave [...]
Tesco and Sainsbury’s supplier hit in latest cyber attack May 20, 2025 A key logistics supplier to several of the UK’s major supermarkets, including Tesco and Sainsbury’s, has confirmed it is being held to ransom by hackers following a cyber attack that disrupted operations this week, following a string of assaults on UK retail in the last month. Peter Green Chilled, which also supplies Aldi, said it [...]
Tesco and Waitrose back King’s challenge to tackle hunger issues May 18, 2025 Four UK supermarkets are launching a joint campaign to tackle hunger, following a challenge from the King. Tesco, Sainsbury’s, Morrisons and Waitrose will take part in the Let’s Make A Meal Of It campaign, which encourages customers to donate to charity FareShare either online or by rounding up their bills in store. The campaign is [...]
Tesco: CEO takes home bumper pay packet after profit jump May 8, 2025 The CEO of Tesco took home more than £9m as sales and profit at the supermarket giant beat expectations. Ken Murphy received a pay packet of £9.23m for the company’s latest financial year, down from the £10.24m he took home in the prior 12 months. According to Tesco’s annual report, the CEO’s remuneration was made [...]
Oil prices slump to four-year low amid Opec+ production push May 5, 2025 Oil prices have slumped to a four-year low as concerns over a supply glut from Saudi Arabia and a slowing global economy rattle the sector. Brent crude, the global benchmark, has fallen more than four per cent after oil cartel OPEC+ agreed over the weekend to increase oil production by another 411,000 barrels a day [...]
UK bitcoin investors suffer as dollar dwindles April 23, 2025 UK investors in bitcoin and other cryptocurrencies have seen their returns eaten away as the value of the US dollar continues to fall against the pound. Bitcoin’s rally in recent days has pushed its price up to $94,000, meaning that it has returned 0.4 per cent since the start of 2025. However, this is only [...]
Nvidia hit by US chip curbs as trade war escalates April 16, 2025 Nvidia shares slid sharply on Wednesday after the chip giant revealed that newly tightened US export restrictions on its China-bound AI chips could cost it up to $5.5bn this quarter. The move, part of an escalating series of trade and technology curbs between Washington and Beijing, has rattled markets already on edge over tariff uncertainty [...]
Gold price surges to $3,300 as trust in US bonds collapses April 16, 2025 Gold prices have passed $3,300 for the first time in history as investors flee US government bonds, which were previously viewed as a safe haven. “It seems that fewer countries are trusting the US — and therefore US Treasuries as a ‘safe haven’ asset class,” explained analysts from Invesco. “This has resulted in greater buying [...]