Tesco’s share price rises after supermarket agrees $12m US settlement over profits blackhole November 26, 2015 Tesco's share price climbed this morning, on the back of news that it has agreed to pay $12m (£8m) to settle a US class action lawsuit brought against it over the £263m profits blackhole discovered last year. The supermarket denied wrongdoing, but agreed to pay the all-cash settlement, according to documents filed at the US District Court [...]
FTSE 100 index opens up on miners November 26, 2015 The FTSE 100 opened slightly up this morning as miners made gains as trading began. The UK's top blue-chip index was up 0.33 per cent at 6,358 points as the market opened. Glencore led the pack higher, up 3.29 per cent to 93.6p on opening, while other miners including Antofagasta and Anglo American were also rising. Read [...]
Sports Direct, Debenhams, Tesco and House of Fraser: What does Mike Ashley own and how much is he worth? November 25, 2015 It's been a busy year for Mike Ashley, who has been buying up retailers and football clubs left, right and centre. But what exactly does he own, and how much has it cost him? And what on earth do his Sports Direct shareholders make of all the investing? Sports Direct International Ashley owns 58 per [...]
Black Friday 2015 is about more than just John Lewis, Tesco, and Amazon: Small businesses getting in on the shopping frenzy through eBay November 25, 2015 Brace yourselves: there are now less than 48 hours to go until the year’s biggest shopping frenzy hits, with UK shoppers predicted to part with a record-smashing £1bn this Black Friday. Retail giants like John Lewis, Asda, Tesco and Amazon may be reaping the biggest rewards from the massive Black Friday sales spike – but [...]
Black Friday UK 2015: Tesco reveals deals on Digihome TVs, Acer laptops, Samsung tablets, Beats headphones and hundreds more ahead of launch on 27 November November 25, 2015 Tesco has just revealed some of the huge deals that will be on offer on Black Friday, with online bargains going on sale from midnight on 27 November while stores will open at 5am on the day. Top deals include the Digihome 49” large screen LED TV with Freeview, available for £199, saving £150, Beats Solo 2 On-Ear [...]
FTSE 100 index opens higher as housebuilders rally on chancellor George Osborne’s Autumn Statement national housing budget plans November 25, 2015 The FTSE 100 index was up in mid-morning trading, led by housebuilders which cheered chancellor George Osborne's plans to double the national housing budget when he presents his five-year spending plan later today. The UK's top blue-chip index rose 0.82 per cent to 6,329 points. Persimmon led the index higher, its share price rising 6.06 per cent to 1,890p [...]
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 [...]