Lidl crowned UK’s fastest growing supermarket March 3, 2020 Lidl was the fastest growing supermarket in the UK over the last 12 weeks, taking the crown from online grocer Ocado. The German discounter increased sales by 11.4 per cent in the 12 weeks to 24 February, becoming Britain’s fastest growing grocer for the first time since November 2017, as it opened its 800th store [...]
FTSE 100 reshuffle: The five stocks at risk of falling out of London’s blue-chip list March 2, 2020 Supermarket chain Morrisons, B&Q owner Kingfisher and travel agent Tui are among the companies at risk as the FTSE braces for a reshuffle this week. The next quarterly shake-up is due to be announced on Wednesday, based on closing prices tomorrow. NMC Health, which is facing a probe into its finances by the City watchdog [...]
Coronavirus: Global stocks spill $3 trillion as Covid-19 sends FTSE 100 staggering February 27, 2020 European stocks tumbled yet again today as fresh coronavirus concerns saw the FTSE 100 sink three per cent this afternoon as stock markets across the world dropped sharply. London’s blue-chip index plunged far below 7,000 points to 6,831.2 today after Australia’s Prime Minister warned the world is on the brink of a coronavirus pandemic. Cases [...]
Lord Steel quits after report finds authorities ‘turned a blind eye’ to Westminster child abuse claims February 25, 2020 Liberal Democrats peer Lord Steel has quit today, after an inquiry criticised him for failing to report child sex abuse claims against the late MP Cyril Smith. The former Liberal party leader said he would retire from the Lords “as soon as possible”, after the report accused Steel of an “abdication of responsibility” for failing [...]
Waitrose ranked best UK supermarket in annual Which survey February 22, 2020 Waitrose has been ranked as the best supermarket in the UK in an annual satisfaction survey conducted by Which. The chain, which is owned by John Lewis, hit five stars on most categories, but did come joint-last in value for money. Budget supermarkets Aldi and Lidl continue to be ranked highest in terms of value. [...]
Lidl to invest £1.3bn in UK store expansion February 20, 2020 Budget supermarket Lidl has announced it will invest £1.3bn in store expansion across the UK in the next two years. The German discounter – which has opened 50 new stores in the last 12 months – said this morning that it has committed to investing in growing its store portfolio in 2021 and 2020. The [...]
Asda sales slump due to ‘cautious’ Christmas shoppers February 18, 2020 Asda sales slumped over the crucial festive trading period due to “cautious” consumer spending, as shoppers reined in their Christmas lists. The supermarket giant said like-for-like sales excluding petrol dropped 1.3 per cent in the three months to the end of December. The sales drop was driven by “challenging market conditions”, particularly in Asda’s clothing [...]
Tesco ‘unlawfully’ blocked rivals from opening nearby stores, CMA finds February 14, 2020 Tesco has been told to stop illegally blocking rival supermarkets from buying its land or leasing nearby sites by the Competition and Markets Authority (CMA). An investigation from the competition regulator found that Tesco had blocked access to rivals using restrictive contracts on 23 occasions. The UK’s biggest supermarket chain has agreed to take action [...]
City Moves for 12 february – Who’s switching jobs at Matches Fashion, Bishop & Sewell and Bloomberg? February 12, 2020 Today’s City Moves includes Matches Fashion, Bishop & Sewell and Bloomberg Matches Fashion Matches Fashion has announced that Ajay Kavan will be appointed as the company’s new chief executive officer, effective 19 March. Ajay joins Matches from Amazon where he was a vice president for nine years and currently serves as vice president of international [...]
Horse Racing Betting Tips: This Rebel has a cause in valuable handicap February 6, 2020 IN JUST over four weeks time the curtain will be raised for the greatest four days of National Hunt racing. This time of year is like the run up to Christmas for racing fans and there is plenty to whet the appetite at Newbury tomorrow. Any day Altior runs is a good day and it’s [...]