Tesco boss warns Reeves that ‘enough’s enough’ ahead of Budget October 2, 2025 Tesco boss Ken Murphy has warned Rachel Reeves that business will struggle to absorb more costs as fears rise of another tax raid in this Budget. UK retailers were hit by higher labour costs after an increase in the minimum wage and employer’s national insurance costs this April, after changes made at last October’s budget [...]
FTSE 100 Live: Tesco shares rally; OpenAI nets $500bn price tag October 2, 2025 Good morning from the City AM liveblog team. The FTSE 100 is leading the City higher this morning as it continues to build on records sealed earlier in the week. The index rose 0.2 per cent to 9,464.91 this morning, following on from yesterday’s gains. Also continuing its rally was gold, propelled on by the [...]
Profit at Jamie Laing’s Candy Kittens slashed after major change September 29, 2025 Profit at Candy Kittens, the cat-shaped confectionary brand owned by Radio One DJ and Made in Chelsea star Jamie Laing, has been slashed after it made a major change in 2024. The business, which specialises in vegetarian and vegan sweets, decided to switch focus to distribute more to grocers in the UK at the end of 2023 and signed [...]
Require ‘default’ UK weighting in pensions or risk stock market doom loop, report says September 25, 2025 Pension funds should be required to have a “default” UK weighting to prevent the London stock market getting caught in a “doom loop”, a new report has argued. A UK weighted default fund with an allocation of between 20-25 per cent, if made a requirement for defined contribution (DC) pensions with an opt-out for individuals, [...]
Amazon Fresh to close all UK stores September 23, 2025 Amazon is set to close all 19 of its Amazon Fresh stores in the UK, just four years after launching its first supermarket outlet in London. It has been revealed that the tech giant plans to convert up to five of these locations into Whole Foods Market stores, a US organic food chain it acquired [...]
Co-op expected to reveal financial hit from cyber attack September 21, 2025 The Co-operative Group is expected to shed light on the impact of a damaging cyber attack in its first financial update since being targeted by hackers. Shoppers were faced with empty shelves and issues with payments during the fallout from the cyber incident in April, as a raft of retailers were hit. On Thursday, the [...]
Health-conscious Brits lead Dash Water to record-breaking summer September 18, 2025 Health-conscious Brits are expected to have helped sales surge by almost half at soft drink brand Dash Water thanks to a record summer. The business, which is based in London, has revealed its revenue is forecast to jump by 45 per cent in 2025 to £42m. The business, which is based in London and was [...]
Sainsbury’s terminates discussions with Chinese retail giant over Argos sale September 14, 2025 Sainsbury’s has terminated discussions with Chinese retail giant JD.com over the sale of Argos only a day after rumors of the deal came to light. The UK grocer said that the proposed deal with JD.com was “not in the best interests of Sainsbury’s” and has subsequently ended discussions, it said on September 14. “JD.com has [...]
Coco di Mama bets on meal deals as it launches in Tesco September 12, 2025 Coco di Mama has announced the launch of a range of freshly made Italian sourdough sandwiches in Tesco’s premium meal deal as it bets on the grocery market. The launch follows a “hugely successful” debut year in retail with its range in Sainsbury’s’ £5.50 meal deal. “Capital-light, fast-growing channels,” are the focus of the brand at [...]
Rachel Reeves explores ‘pro-growth tax reforms’ to business rates September 11, 2025 Rachel Reeves will explore “fixing” cliff-edge business rates, which make small businesses pay higher taxes upon opening a second property, as part of reforms she has described as “pro-growth.” The Chancellor is reviewing changes to the small business rates relief, with a decision expected to be announced at the Autumn Budget on 26 November. Treasury [...]