Tesco UK chief Matt Davies to become N Brown’s chairman February 18, 2018 Tesco's UK chief Matt Davies is leaving the retailer to become the chairman of N Brown. N Brown, which owns JD Williams, Simply Be and Jacamo, has been seeking a replacement for its current chairman Andy Higginson for a number of months. Davies will take the reins from Higginson after Tesco's £3.7bn takeover of Booker [...]
UK petrol prices: Sainsbury’s, Morrisons and Asda kick off war at the pumps February 9, 2018 A UK petrol price war has kicked off with three of the big four supermarkets slashing prices at the pumps. In the last few minutes, Sainsbury's mirrored an earlier move by Asda and Morrisons this morning to knock 2p off a litre of petrol and diesel. Sources at Tesco said a decision had yet to [...]
UK petrol prices: Sainsbury’s, Morrisons and Asda kick off war at the pumps February 9, 2018 A UK petrol price war has kicked off with three of the big four supermarkets slashing prices at the pumps. In the last few minutes, Sainsbury’s mirrored an earlier move by Asda and Morrisons this morning to knock 2p off a litre of petrol and diesel. Sources at Tesco said a decision had yet to [...]
Tesco fraud trial: Carl Rogberg heart attack puts a stop to Tesco trial February 6, 2018 The fraud trial of three former Tesco executives has been discontinued after one of the defendants had a heart attack. Former Tesco UK finance director Carl Rogberg had a heart attack last Thursday, it emerged today. He is in hospital. He has been standing trial on charges of fraud and false accounting alongside former UK [...]
Britain’s big banks decline to follow Lloyds lead on bitcoin credit card bans February 5, 2018 Lloyds Banking Group has banned customers from buying bitcoin and other cryptocurrencies using credit cards, but other big British banks say they currently have no plans to clamp down on the risky assets. A wave of lenders around the world have placed restrictions on customers using debt to buy digital currencies, including JP Morgan Chase, [...]
‘Supermarket giants doomed’ – no, just history repeating February 2, 2018 Investors, analysts, journalists or other market commentators often become convinced some scenario or trend definitely will or will not play out. Check back a few years later, however – always anyone bothers – and that certainty may prove unwarranted. Three or four years ago, for example, many were arguing it was ‘game over’ for supermarket [...]
Sainsbury’s takes full control of Nectar in £60m deal with Aimia February 1, 2018 Sainsbury’s has paid £60m to take full control of the Nectar loyalty scheme, giving it greater access to information about customer habits. It said the decision to acquire the shares in the programme from analytics firm Aimia Inc UK was part of a strategy “of knowing its customers better than anyone else”. While consumers will [...]
Craft beer maker FourPure to create 20 new London jobs with £2.5m brewery investment in Bermondsey January 31, 2018 Craft brewer FourPure has put £2.5m into expanding its Bermondsey brewery, increasing capacity by 400 per cent. The project will create 20 new jobs and allow the brand, which is stocked in the likes of M&S, Tesco, Asda and Ocado to keep up with demand. Co-founder Daniel Lowe said the company was now talking to [...]
Automation is evolution, not a class war January 26, 2018 I suffer the great misfortune of living near a busy Tesco Express store, which, absent of self-service checkouts, often makes the innocuous task of buying eggs feel like a test of one’s self-restraint. While waiting for the two portraits of human inefficiency behind the till to serve 20 shoppers, glancing at my phone, I read [...]
Countrywide’s (CWD) share price rises as chief executive Alison Platt resigns after profit warning January 24, 2018 Alison Platt has resigned as chief executive of estate agent Countrywide, and will stand down from the board, after a shares slump last week off the back of a profit warning. The board has asked Peter Long to become executive chairman until a successor is appointed. Paul Creffield, previously managing director of commercial development, becomes [...]