Morrisons: Debt-laden grocer records strongest sales growth in three years March 27, 2024 Supermarket Morrisons has reported its strongest like-for-like sales in over three years, helped by competitive pricing strategies.
Atom Bank boss on rapid growth, London IPO and why high street challengers are a ‘dying breed’ March 24, 2024 City A.M. speaks to Atom Bank CEO Mark Mullen about the challenger bank landscape, his firm's rapid growth and plans for a London IPO.
Wickes chief gets inflation-busting pay rise after ‘proving himself’ March 21, 2024 The chief executive of Wickes has been handed an inflation-busting pay rise after 'proving himself' in the role.
Every Lidl helps: Tesco loses appeal in supermarket logo war March 19, 2024 Lidl went on to sue Tesco, which is Britain's biggest supermarket, as it used a blue square with a yellow circle with its name inside for its well-known logo.
M&S aims to launch banking and loyalty ‘superapp’ in long-term commitment to financial services March 17, 2024 Marks & Spencer (M&S) is reportedly close to a seven-year agreement with HSBC to overhaul its banking division as a financial services and loyalty "superapp".
Tesco and Sainsbury’s landlord reports profit boom despite declining assets March 13, 2024 Supermarket Income REIT, which rents out properties to some of the UK's biggest supermarkets, saw operating profit jump 18 per cent last year, even as its net assets dropped eight per cent in the same period.
How a little-known vaping group went from nothing to sales of $1bn in just two years March 9, 2024 How has a vaping group reached $1bn in sales in only its second year?
Nationwide agrees terms for £2.9bn Virgin Money takeover to create second-largest UK mortgages and savings provider March 7, 2024 Nationwide, the UK’s largest building society, has struck a preliminary agreement to acquire Virgin Money, Britain’s sixth-biggest high street bank, valuing the latter at around £2.9bn.
John Lewis sets out record investment in staff as company battles to retain staff March 6, 2024 John Lewis has announced a record investment in staff pay. The changes will result in minimum pay going up around 10 per cent to £12.89 in London and £11.55 elsewhere in the UK.
Spending on discounts rises four per cent as Brits do Valentine’s Day on a budget February 27, 2024 Consumers’ spending on offers increased by four per cent in February, worth £586m more than the same month in 2023, as Brits continue to seek out discounts despite cooling inflation.