UK supermarkets further increase plastic footprint despite pledges November 28, 2019 Seven out of the UK’s top 10 supermarkets increased their plastic footprint , as the total amount of plastic packaging used rose to 900,000 tonnes a year. Out of the UK’s 10 largest supermarkets, only Waitrose, Tesco and Sainsbury’s achieved marginal reductions over the past 12 months. Read more: Unilever pledges to cut plastic use [...]
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 [...]
Marks & Spencer hires ex-Tesco exec to fix struggling clothing division November 22, 2019 Marks & Spencer has named a new clothing boss to replace its ousted former head of the struggling division. Tesco’s former F&F clothing chief Richard Price will join as M&S’s new managing director of clothing home after Jill McDonald left the role in July. Read more: Poor clothing sales knock M&S’s half-year profit lower Marks [...]
McDonnell wields his corporate cattle prod November 20, 2019 While Jeremy Corbyn and Boris Johnson slogged it out on TV last night, the City was still digesting the latest softly-spoken assault by Labour’s shadow chancellor. John McDonnell doesn’t fly into fits of outrage, not even when attacking the “obscene wealth” of billionaires. He appeared to unveil plans for the biggest revolution in company law [...]
John McDonnell threatens to delist firms that fail to tackle climate issues November 19, 2019 John McDonnell has revealed Labour’s plans for “rewriting the rules” of business, which include delisting firms who fail to take “adequate steps” to deal with the climate emergency. The shadow chancellor this morning set out details of the party’s vision for corporate governance, accountability and regulation, bemoaning the status quo in which employees are treated [...]
Eddie Stobart agrees £55m rescue deal as losses mount up November 15, 2019 Eddie Stobart has issued a warning to shareholders that its expected losses for the six months ending 31 May stand at more than £12m. The British haulier delayed the publication of its results after undertaking a review of its accounts following the discovery of a £2m error in its 2018 results. The company’s shares were [...]
Tesco removes Mel B advert after Spice Girls star complains November 12, 2019 Tesco has removed an advert featuring an image of Spice Girls star Mel B after the singer complained about its use. The advert for Tesco’s new Clubcard Plus featured a picture of Scary Spice with the words “Stop right now. You get 10 per cent off two big shops a month for £7.99”, a play [...]
FTSE 100 climbs as Experian and utility stocks boost index November 12, 2019 The FTSE 100 today bounced back after sinking into the red yesterday, with mainstay utility stocks and Experian and Vodafone’s pushing up the index. London’s blue-chip index climbed by almost a third – 0.29 per cent – to stand 21 points higher at 7,349.9 in early trading. Read more: Vodafone improves 2020 guidance but lowers [...]
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 [...]