City Moves: Who’s switching jobs in the Square Mile? November 10, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. AVI Global Trust British investment firm AVI Global Trust has bolstered its board with a new chairman to succeed Susan Noble, who is set to retire. Graham Kitchen, who has been a non-executive director since January 2019, [...]
Tesco nudges 2m shoppers to spend £13m of expiring vouchers before Christmas rush November 9, 2022 Tesco has reminded 2m of its customers to spend up-to £13m in unclaimed vouchers before they expire in a bid to battle the cost of living crisis this Christmas. The retail giant’s friendly nudge to almost 2 million people comes as the cost of living continues to bite, and many look to save money ahead [...]
Retail giants have an opportunity to plug the holes in a disjointed rental market November 8, 2022 For many people up and down the country, their ability to stay in their home is in peril. And this isn’t about mortgages. Rents have jumped steeply this year and many are forced to move as a result. Others will be forced out because of the collateral damage of landlords not being able to pay [...]
Time for celebrations? Mars trials Bounty ban for Christmas November 3, 2022 With Christmas rapidly approaching, Mars Wrigley has removed the controversial coconut Bounty from celebrations boxes. The popular assortment of chocolates will be without the blue-wrappered treat after research showed 40 per cent of Brits want it barred permanently. No Bounty Celebrations will be available at 40 Tesco Christmas Market locations s from 8 November until [...]
Tesco wins appeal against Lidl over logo trademark November 3, 2022 Tesco has won a court of appeal scrap with rivals Lidl, allowing it to argue the latter applied for a trademark claim “in bad faith”. In a judgment this week, Britain’s biggest supermarket has been “permitted to continue to argue at trial that a wordless version of Lidl’s logo was periodically filed and refiled by [...]
Retailers gear up to win battle for Christmas online shopping rush November 1, 2022 Retail giants are battling to entice cash-strapped consumers with a slew of online discounts and sales this year. Spending is expected to slip by up to half on Black Friday this year, against a backdrop of a cost of living crisis, Wunderman Thompson research has forecast. Online retailers are set to benefit from the crunch, [...]
Exclusive: Seven Dials Market boss says ‘Brexit means we are short-staffed for every shift, every day’ October 27, 2022 Brexit has “absolutely screwed” the food industry after it “ripped away” its labour source, according to the boss behind the West End’s popular Seven Dials Market. Businesses at the food and drink destination are facing staff shortages “for every single shift, every single day,” Simon Mitchell, who heads the street food market operator Kerb, exclusively [...]
Exclusive: Getir teams up with Co-op as rapid delivery firm looks to grow UK presence October 26, 2022 Getir has joined forces with Co-op to deliver groceries from the retailer to consumers in a hurry. The rapid delivery firm will launch a pilot to offer app users hundreds of Co-op products across London from today. Nisa Retail, Co-op group’s wholesale division, will be working with Getir to supply the range of around 300 [...]
Range of 30 low-cost items increase in price by 17 per cent in last year – ONS October 25, 2022 A range of 30 every-day low-cost items have increased in price by 17 per cent in the last year, new figures have revealed. Data from the Office for National Statistics show a range of products went up considerably over the 12 months to September, as the cost of living continues to bite. Items including vegetable [...]
Nightmare before Christmas: Half of shoppers to fork out less for gifts October 24, 2022 Half of shoppers are intending on spending less on Christmas this year as plunging consumer confidence sparks further concern for businesses. One in three of those shoppers said they would slash present budgets for close friends and family by over £25 per person, according to data from market insights firm Kantar. Brits are facing sky-high [...]