FTSE 100 index closes flat on last day of the month as supermarkets come into focus February 29, 2016 The FTSE 100 index closed slightly higher on the quiet last day of the month after the G20 disappointed over the weekend. The UK's blue-chip index closed 0.02 per cent higher at 6,097 points. "It was almost as if investors forgot about the leap day and no investments were planned on a quiet last day of the month," said [...]
What the Morrisons-Amazon tie up is doing to Tesco, Ocado and Sainsbury’s share prices February 29, 2016 Morrisons might be having a whale of a day after revealing its tie-up with Amazon this morning – but virtually the rest of the retail sector has spent the day so far in the red. Morrisons' share price soared on the news that it would be offering hundreds of products to Amazon's UK customers via [...]
One million retail jobs at risk from rising wages and tax costs, warns British Retail Consortium February 29, 2016 One million retail jobs could disappear in the next decade as high street shops across the country struggle to cope with drastic changes in shopping habits and rising costs. The British Retail Consortium (BRC) has warned that government policies including the new national living wage, the apprenticeship levy and rising business rates will add as much as £14bn [...]
Retailers John Lewis, Marks & Spencer, Home Retail Group, Kingfisher and John Lewis top list of offenders in late supplier payments February 29, 2016 Britain's five largest high street retailers were late in paying a shocking 80 per cent of their invoices to suppliers last year, a report today has revealed. MarketInvoice, a peer-to-peer platform for selling invoices online, has found that late payments to suppliers rocketed last year, with high street retailers John Lewis, Boots, Home Retail Group, Marks & [...]
EU referendum: Asda, HSBC, Vodafone and nearly 200 sign letter saying Brexit would threaten jobs – but Tesco, Morrisons and Sainsbury’s are not on the list February 23, 2016 The bosses of HSBC, BT, Vodafone and Asda are among those to have put their name to an open letter backing the remain camp and Prime Minister David Cameron's reforms in Europe. More than a third of the UK's biggest companies were represented in the letter, which was published in The Times this morning, saying they represented [...]
FTSE 100 index still volatile as days two of the European Council summit in Brussels looms – but Coca-Cola’s share price fizzes February 19, 2016 The FTSE 100 index opened with volatility this morning after having fallen below 6,000 mark yesterday as investors continued to look to Brussels The UK's blue chip index was trading 0.09 per cent down at 5,970 points in the early morning, having risen to 5,987 points as the market opened. "Having stalled on Thursday after large gains the [...]
Mobile World Congress 2016: Google’s guide to getting your business noticed on smartphone February 19, 2016 On Monday, marketers will flock to Barcelona for the annual Mobile World Congress – four days of presentations, networking and plenty of sangria. But what most will be looking for is how to convince prospective customers to engage with their brand on the most intimate device we own. Smartphones have become so ingrained in our lives that for [...]
Tesco will stop selling curvey croissants in favour of straight ones because Brits have trouble spreading them with jam and butter February 18, 2016 Prepare to say au revoir to curvy croissants. The delicious pastry will no longer be sold at Tesco in its traditional form because apparently us Brits find it just too much of a faff. Such a hassle is the croissant curve that demand for them has fallen as we settle for the straight version instead, and [...]
Asda sales fall again after Walmart-owned supermarket suffers one of its toughest years yet February 18, 2016 Asda has reported its sixth consecutive quarter of decline, after what the supermarket chain described as one its the toughest years yet. Like-for-like sales slumped by 5.8 per cent in the 13 weeks to 1 January, its fourth financial quarter, taking full-year sales down by 4.7 per cent. This was an acceleration on the third [...]
Tesco extends its financial support for dairy farmers until April February 15, 2016 Tesco is extending its financial support for dairy farmers through to spring, in the face of cold weather and "uncertain times" in the sector. Originally the winter supplement was scheduled to run until the end of February, but it has rolled its financial assistance out until 17 April "to help [farmers] cover their production costs". Commercial director [...]