Sainsbury’s could slash 300 jobs in head office shakeup February 26, 2026 Retail giant Sainsbury’s could axe up to 300 jobs as it overhauls its tech and head office teams across its supermarket and Argos operations. The grocery is restructuring its technology and data unit into one dedicated team for Argos and two for Sainsbury’s. The firm, which employs around 140,000 people, announced it would cut 3,000 [...]
Not-so-drastic Dave: Diageo boss defies expectations of slash-and-burn reign February 25, 2026 ‘Drastic Dave’ Lewis, who gained a reputation for cost-cutting and ruthless rationalisation during his time at Unilever and Tesco, was more ‘demure Dave’ when announcing Diageo’s first results of his tenure as chief executive. The spirits giant has been struggling in recent years, with its share price down 22 per cent year-on-year – and Lewis’ [...]
Weight-loss drugs to slow supermarket sales February 25, 2026 Weight-loss drugs are set to slim down supermarket sales in the UK as more Brits opt for diet-conscious shopping, a City broker has warned. The growth rate of supermarket sales is expected to slow this year due to the increasing popularity of diet-suppressant jabs, population growth and falling food inflation, according to a note from [...]
Diageo slashes dividend as ‘Drastic Dave’ takes charge February 25, 2026 Guinness maker Diageo has slashed its dividend as the cost-cutting regime of new chief executive ‘drastic’ Dave Lewis begins to take hold, prompting a share price spook. The board announced the “difficult” decision to cut its dividend to 20 cents to “accelerate the strengthening” of its balance sheet in its interim results, the first financial [...]
Drinks disasters: Three top tips to avoid being a wine wally February 24, 2026 Don’t be a wine wally. A lot of drinks etiquette seems antiquated but there are certain things that immediately show you up as being clueless. Here are three mistakes I often see people making in restaurants when ordering wine. 1) How you hold your glass says everything about how comfortable you are around wine, and [...]
How to solve the energy crisis? Give power back to the markets February 23, 2026 Solving the energy crisis needs the dynamism of the private sector, not more government subsidies and central planning, writes Emma Revell.
‘Drastic’ Dave to serve up new vision for Guinness maker Diageo February 22, 2026 It’s been a rocky 12 months for drinks titan Diageo and Sir Dave Lewis will be looking to cure the firm’s long-running hangover when he serves up his future vision next week. Diageo’s stock has tumbled over 15 per cent in the last 12 months with a notable drop in November after operating profit growth [...]
Enjoy Chinese New Year in London with these great bottles of wine February 16, 2026 Today marks the start of the Year of the Fire Horse and fifteen days of celebrations for the Chinese Lunar New Year. Red lanterns are hung and red, money-filled envelopes exchanged over dinners with friends and family. Never shy of a reason to celebrate, London’s hospitality scene is going all out. Restaurants including Hakkasan (a [...]
Global Counsel loses more clients as Epstein scandal deepens February 11, 2026 The crisis engulfing the lobbying firm founded by Peter Mandelson, Global Counsel, deepened on Tuesday, after three more of its blue-chip clients parted ways with the advisory over its links to co-founder Mandelson and the convicted sex trafficker Jeffrey Epstein. City AM understands that pensions giant Phoenix, Tesco and Bank of America have all severed [...]
Tesco snaps up shuttered Amazon Fresh sites in convenience store push February 9, 2026 Tesco plans to open over 70 Express stores across the country by March next year, including at least five new sites in London. In a statement released today, the supermarket chain confirmed it had acquired five former Amazon Fresh stores across the capital. These sites – in Kensington High Street, Hounslow, Moorgate, Aldgate East, and [...]