Australia bushfires: Sydney suburb hits 49C to become ‘hottest place on Earth’ as heat creates storms January 4, 2020 The bushfires currently engulfing Australia are producing so much heat they are now generating their own storms. Authorities have warned that wind conditions are causing of the biggest fires to merge with fire tornadoes and dry lightning igniting even more fires. It has seen temperatures soar to new highs today, with Penrith, a suburb of [...]
UK High Street sees slight increase in December sales January 4, 2020 UK shops saw a marginal increase in December sales year-on-year driven by widespread discounting, a new survey revealed on Saturday. Sales in British shops were up 0.7 per cent for the month compared with 2018, according to the accountancy and business advisory firm BDO’s monthly High Street Sales Tracker. Read more: Next raises forecast after [...]
Amazon’s Deliveroo investment could cause higher prices, says CMA December 27, 2019 Amazon and Deliveroo are the subject of an in-depth probe by competition authorities into the e-commerce giant’s investment in the food delivery firm. Neither company offered undertakings in response to concerns aired by the Competition and Markets Authority (CMA). Read more: CMA puts brakes on Amazon’s Deliveroo investment The CMA said earlier this month that [...]
Lidl sales help it hit record stake in UK supermarket sector December 10, 2019 The biggest supermarkets shed yet more market share to discounters Aldi and Lidl in the three months to the start of December, new data out today reveals. The big four grocers saw their collective market share drop by over one per cent to 67.7 per cent as people delayed their Christmas shopping and Black Friday [...]
Hipgnosis signs up songwriter behind Adele and Stormzy hits December 3, 2019 Music royalties investment firm Hipgnosis has announced the latest addition to its roster of musicians, signing up the brains behind hit tracks by Adele and Stormzy. Read more: That’s a rap: Hipgnosis lands Timbaland catalogue as it beefs up portfolio The London-listed firm today said it has acquired a music catalogue from British songwriter and [...]
Tesco chief resigns after turning the brand around November 27, 2019 Tesco’s chief executive Dave Lewis will leave the Big 4 retailer next summer, an announcement that sent shock waves across the industry. Tesco is currently the highest-ranking retailer in the FTSE 100 thanks to Lewis’ turnaround plan implemented shortly after his arrival in 2014. At the time Tesco was facing a crisis following the million-pound [...]
White House official slams Trump call and ‘cowardly’ attacks on witnesses November 19, 2019 A senior White House official has testified that US President Donald Trump’s phone call with Ukraine’s leader was improper, while blasting “cowardly” attacks on witnesses. Lieutenant colonel Alexander Vindman, the White House National Security Council’s top Ukraine expert, made the comments during a hearing in the impeachment inquiry into Trump. Read more: Donald Trump impeachment: [...]
Wincanton raises dividend as it mulls Eddie Stobart bid November 13, 2019 Wincanton posted a rise in underlying profit in its latest half-year results and raised its dividend, as it continued to hold off on a bid for struggling rival Eddie Stobart. Read more: Eddie Stobart confirms £55m rescue bid – but will shareholders be left in the cold? The figures Profit before tax fell 5.3 per [...]
Lidl sales soar as big four supermarkets struggle November 12, 2019 Budget supermarket Lidl enjoyed soaring sales this autumn, as the big four grocers struggled to keep up with the German discount stores in the lead up to the crucial Christmas trading period. Lidl was the fastest growing bricks and mortar supermarket in the 12 weeks to 3 November with a sales increase of 8.8 per [...]
Sainsbury’s signs wholesale deal with Australia’s Coles November 11, 2019 Sainsbury’s has agreed a deal to provide Australian supermarket Coles with own-brand products as the UK grocery giant seeks to strengthen its wholesale business. The range, which will be labelled under the Coles brand, will include packaged groceries and household products. Read more: Sainsbury’s half-year profits slide Through the deal, Sainsbury’s will also analyse which [...]