Lidl unveils £500m London expansion plan for 40 new stores June 12, 2019 Lidl has unveiled a £500m expansion plan to create 40 new stores in the capital, including its first central London store. The German discount supermarket said the openings would create 1,500 new jobs over the next five years. Read more: Big Four supermarkets stall amid fast rise of Lidl and Aldi A proposed Tottenham Court [...]
Mortgage lending grows in solid start to the year June 11, 2019 The UK mortgage market enjoyed a solid start to the year as residential lending and new mortgage commitments both rose. The outstanding value of all residential mortgage loans rose to £1.45bn in the first quarter, a 3.4 per cent rise on a year earlier. Read more: Mortgage approvals rebound after delay on Brexit deadline The [...]
Surface Studio 2 review: Microsoft’s shape-shifting iMac killer June 5, 2019 The Surface Studio 2 is the latest addition to Microsoft’s Surface range, which began in 2012 with a series of hybrid tablet computers. But while those first devices were popular, it wasn’t until the launch of the Surface Book laptop in 2016 that the company really started upping their design game, and stealing Apple’s brushed [...]
Supreme Court gives government body chance to appeal cash machine ruling May 29, 2019 The Supreme Court has given the government the right to appeal a £300m court dispute over business rate bills for cash machines outside shops. Late last year the Court of Appeal decided in favour of supermarket giants such as Sainsbury’s and Tesco, overturning a decision that meant retailers were liable to pay business rates on their cash [...]
Big Four supermarkets stall amid fast rise of Aldi and Lidl May 29, 2019 The UK’s Big Four supermarkets all failed to post a rise in sales during the last quarter as they battled it out with the German discounters to keep their market share in an increasingly competitive landscape. While Tesco’s overall sales were flat in the 12 weeks to 19 May, its performance trumped the likes of [...]
Vegan burger startup Beyond Meat hits triple its IPO price as it eyes up European expansion May 28, 2019 Vegan burger startup Beyond Meat’s share price jumped today as it said it's mulling a move to cater directly to European customers with a new production site opening in the Netherlands. However, concerns that this expansion might be too much too soon have left investors divided. Read more: DEBATE: At $1.5bn, is plant burger firm Beyond Meat [...]
Cobra Beer founder Lord Bilimoria set to be appointed next CBI president May 26, 2019 Cobra Beer founder and second referendum backer Lord Bilimoria is the leading candidate to become the next president of the Confederation of British Industry (CBI). The entrepreneur has been lined up to replace Tesco chairman John Allan at the helm of the influential business lobbying group, Sky News reported. Read more: Cobra's Lord Karan Bilimoria [...]
Major multi-national fraud probe into Airbus could settle this year May 23, 2019 Airbus could reach a settlement with British, French and US authorities in a long-running fraud investigation as soon as this year, sources with knowledge of the case told City A.M. The UK’s Serious Fraud Office (SFO) opened an investigation into Airbus’ use of third party consultants to win international aircraft orders in August 2016. French [...]
BT’s brand value drops as new boss prepares image overhaul May 21, 2019 The value of telecoms giant BT’s brand slumped this year as new chief executive Philip Jansen prepares to overhaul the company’s image. BT dropped two rankings to 10th place this year as its brand value, which is calculated as the net economic benefit its owner would receive if it licensed the brand in the open [...]
Tesco Bank quits ‘challenging’ mortgage market May 21, 2019 Tesco Bank has thrown in the towel on mortgages, ceasing all new lending as it attempts to sell of its existing ledger book. Read more: How London house prices in every borough have performed in 2019 Currently the bank has 23,000 mortgage customers who it has lent £3.7bn, a portfolio it is now exploring the [...]