Autumn Statement 2015 UK: Here’s how much each London borough makes from business rates November 25, 2015 The much-maligned business rates system could be in for a shakeup during today's Autumn Statement, after retailers held talks with the Treasury to demand urgent reforms to the regime. While some have suggested a major shakeup, including a revaluation of properties to ease pressure on retailers paying rates on properties last valued at the height [...]
Tesco threatened with Christmas strike action after Unite denounces frozen pay for delivery staff in Belfast and Doncaster as “pitiful” November 24, 2015 Tesco faces a new headache as over 700 of its drivers and delivery staff are threatening to strike right over the busy Christmas period. Belfast and Doncaster staff are gearing up to vote on strike action over a pay dispute, as the supermarket giant has frozen pay for its delivery staff in both regions. Unite [...]
Now Lidl’s getting into the online grocery delivery business after Amazon Fresh’s UK debut and Aldi’s plans, taking on Tesco, Sainsbury’s, Asda and Morrisons November 24, 2015 Fresh from Amazon's launch into the highly competitive grocery delivery game with Pantry, is fellow supermarket disrupter Lidl about to follow suit? The German discounter, which is already giving the big four a run for their money in bricks and mortar, has snapped up a fresh food delivery startup in its home country. Kochzaube, which delivers fresh [...]
Black Friday 2015 UK: Currys PC World reveals deals on Nespresso, Dyson, LG, Samsung, Sony and Bosch goods November 24, 2015 Currys PC World has launched its Black Friday 2015 bargains today, promising 40 per cent more stock will be available and 30 per cent more deals on offer than last year. In total, Currys PC World is promising more than 3,000 deals on top brands including Nespresso, Dyson, LG, Samsung, Sony and Bosch across a 10-day event starting [...]
Oil stocks drag down the FTSE ending its rally – London Report November 24, 2015 Traders’ concerns over miners and retailers yesterday pull down London’s main index, ending a week-long run. The FTSE 100 dropped 29.1 points to 6,305.5. Oil companies were struggled after Saudi Arabia indicated it will work to stabilise oil markets, sending the price pinballing. Producers ended lower, despite a late rally after the oil price bounced [...]
Online shoppers abandon Tesco and Asda as website traffic drops at Britain’s biggest grocers November 23, 2015 Tesco and Asda have seen a sharp drop in traffic to their websites over the last year, new research shows, in a sign that supermarkets are facing fierce competition online as well as on the shop floor. Visits to Tesco’s website through desktop computers and mobile devices dropped to 35m in November from 49m the [...]
Black Friday UK 2015: EBay has just unveiled its first deals for bargain-hunters including offers on Macbook Pro, Xbox One Console, LG 50 inch Smart LED TV, Lenovo Notebook November 23, 2015 As all good retailers know, Black Friday is not about incremental sales, it's about being the first to snare the finite amount of cash consumers are willing to spend in the run-up to Christmas. Amazon has kickstarted the process with the first of its 7,000 deals going live this morning. Carphone Warehouse, Very and a host of [...]
Black Friday UK 2015: Deals on XBox Ones, Samsung Galaxy 6s and Edge, Samsung Smart 4K TV and Curved TV being unveiled by Amazon, Carphone Warehouse and Very.co.uk ahead of 27 November November 23, 2015 Black Friday is upon us. Yes, plenty of companies – including Tesco, John Lewis and Currys – are still holding out until 27 November itself, but there are many retailers already offering deep discounts in the hope they can swoop in early on bargain hunters' cash. Amazon has revealed the first of its week of [...]
Small food suppliers hit the hardest by supermarket price wars November 23, 2015 Britain's small food manufacturers have emerged as the biggest casualties of the supermarket price wars, according to new research out today that reveals how the gap between the profit margins of the suppliers and their bigger competitors is widening. According to law firm EMW, profit margins at small to medium-sized manufacturers – those with less [...]
Seeking income: Three contrarian ideas for hunters, from Cyprus government bonds to energy companies November 19, 2015 Times have been tough for investors seeking regular income payments. Nearly all bond sectors have made losses for investors this year. Meanwhile, some of the companies which could once be relied upon for good dividend payments from their shares – such as Tesco and Glencore – have cut or scrapped them entirely. But specialist fund [...]