How to bring a little Autumn romance through fine wine October 1, 2024 The evenings are creeping in and the end of ‘Brat Summer’ heralds the start of ‘Cuffing Season’. For those not in the know, Cuffing Season is defined as the time that people, consciously or unconsciously, look for a romantic partner to keep them warm over the autumn, colder months – typically from October until Valentine’s [...]
Short seller makes multimillion pound bet against 3i Group September 29, 2024 Shadowfall Capital and Research has taken out a multimillion-pound short position against 3i, the largest investment trust in the UK, arguing that its largest holding, Action, is overvalued. FTSE 100 private equity group 3i has been invested in Action for over a decade, which operates close to 3,000 stores across 12 European countries like Germany, [...]
Sainsbury’s to sell ATM machines after exiting core banking business September 25, 2024 Sainsbury’s has agreed to sell its ATM machines to operator Notemachine three months after offloading most of its banking business to Natwest.
3i Group: Inside Britain’s biggest retailer you’ve probably never heard of September 24, 2024 £32.5bn investment trust, 3i Group, owns Britain’s biggest retailer: Action. You’ve likely never heard of Action, and that’s because it doesn’t actually operate in the UK, instead having close to 3,000 stores across 12 European countries like Germany, the Netherlands and France. The group is kind of like B&M: Selling items at a low cost, [...]
Tall tails: The story of a city couple, a Siberian cat and a litter box September 23, 2024 When entrepreneur Aneisha Soobroyen adopted her Siberian cat Boo, the last thing she expected was never-ending stomach issues stinking up the litter box.
Next: Closures on the horizon if court rejects appeal. What is in store for the retail giant? September 22, 2024 Fashion retailer Next lost a major legal battle last month over unequal pay in its UK operations. Now, it has been revealed that if it loses its appeal, it will have to close some of its stores
The Debate: Should firms use our data to issue health advice? September 19, 2024 Do you want Tesco to start giving you healthy food recommendations?
Tesco boss Ken Murphy: ‘The AI revolution is upon us’ September 18, 2024 Tesco boss Ken Murphy has said that personalised grocery offers like Tesco Clubcard could “nudge” consumers towards making healthier decisions and that the AI “revolution is upon us” in retail. The Tesco chief executive said that, for example, an AI programme could note someone’s high sodium intake and encourage them to buy lower-sodium and healthier [...]
Mohsin Issa to step away from Asda as search for CEO continues September 18, 2024 Supermarket giant Asda has announced that Mohsin Issa will step away from his executive leadership role to focus on his position as sole chief executive of petrol forecourts business, EG Group. Lord Stuart Rose will assume Mohsin’s responsibilities alongside TDR Capital partner Rob Hattrell, the Leeds-headquartered grocer said, while Mohsin Issa will remain a co-owner [...]
Tesco loses Supreme Court ‘hire and fire’ appeal after three-year battle September 12, 2024 Tesco has lost its ‘hire and fire’ appeal after the Supreme Court ruled it cannot terminate its employees’ contracts for the purpose of depriving them of retained payment. The judge said that employees’ contracts contained a clause barring the supermarket giant from removing their right to retained pay. The ‘landmark’ legal battle was initially brought [...]