McColl’s shares plunge on profit warning December 3, 2018 Convenience store chain McColl’s today cut its profit forecast for the year, sending its shares tumbling more than 20 per cent. McColl’s cut its adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) for the 2018 financial year to £35m, down from a previous estimate of £44m. The business blamed the profit cut on disruption [...]
Asda, Sainsbury’s and Morrisons announce plans to cut fuel prices tomorrow November 30, 2018 Three major UK supermarkets have announced cuts to fuel prices today as the wholesale cost continues to decrease. From tomorrow customers at Asda, Sainsbury’s and Morrisons will benefit from 2p per litre discount on unleaded and diesel. Drivers will now pay no more than 116.7p per litre on unleaded and 127.7p per litre on diesel [...]
Hostelworld camps down for flat growth but hints at future bookings boost November 29, 2018 Hostelworld today said its projected earnings for the full year are in line with expectations as it wraps up a strategic review to boost bookings in the coming years. The Dublin-based company said earnings before interest, taxes, depreciation and amortisation are on track to meet the board’s expectations, but that like-for-like bookings are likely to [...]
Services giant Jacobs to move into new 1,000-worker London Bridge office November 27, 2018 Services giant Jacobs Engineering Group is combining its three UK premises to move into a new 80,000 sq ft office in London Bridge. The US firm, which provided infrastructure for the 2012 Olympics, has secured the Cottons Centre site for the next decade, providing offices for around 1,000 employees working on infrastructure projects. The site, [...]
Amazon re-opens its international sites to Australian shoppers after shutdown backlash November 22, 2018 E-commerce giant Amazon has reversed its decision to block shoppers in Australia from buying products on its main website, after new tax legislation in the country caused the retailer to exit the country. Amazon debuted its Australia-only website in July in the wake of 10 per cent tax on goods and services on imported items worth [...]
Iceland’s banned palm oil advert could win over middle class shoppers as supermarkets prepare for Christmas November 13, 2018 Iceland could get a shot in the arm from its banned Christmas advert by appealing to middle class shoppers, according to consumer research firm Kantar Worldpanel. The supermarket's advert, which caused a storm on social media when it was deemed “too political” to be aired by Clearcast, could be exactly what the store needs to reach out to [...]
Law firm lodges equal pay claims against supermarket giant Morrisons November 13, 2018 The law firm that is taking on the big four supermarket giants over allegations of unequal pay has today lodged its first batch of claims against Morrisons in the Employment Tribunal. As well as Morrisons, Leigh Day is also taking on Asda, Sainsbury's and Tesco on behalf of female members of staff who believe they [...]
Horse Racing Betting Tips: Erik won’t cry Wolf in November Handicap November 8, 2018 PURISTS count tomorrow’s meeting at Doncaster as the finale of the Flat season, and trainers and owners are certainly supporting it with a massive 133 horses running across the eight-race card. It’s not going to be easy for punters to find winners, especially in the big betting race of the day, the 23-runner November Handicap [...]
Sainsbury’s and Asda merger could cut hole in shoppers’ pockets, Waitrose warns November 8, 2018 The proposed merger of Asda and Sainsbury’s will cause substantial harm to customers, rival chain Waitrose warned today. It said the merger could force independent retailers to close in the face of competition from the new giant, leaving shoppers with fewer alternatives, while prices could rise. In comments to the Competition and Markets Authority (CMA), which [...]
Sainsbury’s sees rising sales despite ‘uncertain’ outlook November 8, 2018 Sainsbury’s posted growth in underlying profit for its half-year results today, despite highlighting an 'uncertain' outlook ahead of the Christmas spending period. The figures Like-for-like sales climbed 0.6 per cent year on year during the six months, rising from the 0.2 per cent growth it reported for the first quarter of the year. That helped revenue hit £16.8bn, up [...]