London’s FTSE 100 sheds early gains after worrying US inflation numbers September 13, 2022 London’s FTSE 100 shed all its early gains today after a hotter than expected US inflation report sent investors wobbling. The capital’s premier index slumped 1.17 per cent to 7,385.86 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 1.78 per cent to 19,167.21 [...]
Discounters Aldi and Lidl keep taking market share as Brits now pay £571 more for groceries September 13, 2022 Discounter Aldi has become Britain’s fourth largest supermarket for the first time while Lidl’s market share is also in the lift, according to new data out this morning. The findings come as Brits are now paying a record £571 more on average for their groceries than last year Grocery price inflation hit 12.4 per cent [...]
Lidl joins Sainsbury’s, Tesco and Primark to shut shops for Queen’s funeral September 12, 2022 Top supermarkets and retailers including Lidl, Waitrose and Sainsbury’s are set to shut their UK stores on the day of Queen Elizabeth II’s funeral. Major retailers B&Q and Primark will also close shops for the bank holiday to mark the Queen’s state-funeral next Monday. Some supermarkets are also working on plans to cut some of [...]
M&S and Harrods pay tribute to ‘selfless devotion’ of Queen as Selfridges’ stores close September 9, 2022 High street leaders have paid their respects to Queen Elizabeth II, remembering her “comfort, leadership and steadfastness”. The Queen passed away yesterday at Balmoral Castle, after a reign spanning seven decades, aged 96. Luxury department store Selfridges announced its stores in London, Manchester and Birmingham would remain closed on Friday out of respect. The stores [...]
Let’s be honest, reusable plastic bags are actually terrible for the environment September 8, 2022 Since 2015, single-use plastic bags have declined by 97 per cent. There’s just one problem: this probably hasn’t helped the environment.
Cannabis products including oil, chocolate balls and gummies soon to be sold at Tesco September 3, 2022 Medicinal cannabis products including oil drops, chocolate balls and gummies will soon be stocked at Tesco after Love Hemp agreed a deal with the supermarket giant. Six of the brand’s products will be rolled out across more than 200 Tesco stores in the UK and online, it said today. London-listed Love Hemp uses CBD, derived [...]
Waitrose admits it signed deals with landlords to block rivals from opening nearby stores September 2, 2022 Waitrose has admitted to signing deals with landlords halting other supermarkets from opening nearby for a decade, following a probe by the UK competition watchdog. The supermarket, which is owned by the John Lewis Partnership, has said it has re-written property deals for numerous sites to allay competition concerns. The Competition and Markets Authority (CMA) [...]
Shoppers spend more at convenience stores this summer while volume sales at large grocers dip August 23, 2022 Convenience stores have seen sales buoyed this summer, as shoppers coughed up £3.6bn on groceries in them over the past month. Over the four weeks to 13 August, convenience stores made up some 28.9 per cent of sales, according to fresh data published by NielsenIQ on Tuesday. Total till grocery sales saw a growth of [...]
Sunday Sitdown: ‘There is a demand to return to the office’, says boss of City favourite T.M. Lewin August 21, 2022 British menswear brand T.M. Lewin – for decades a favourite among City workers – is back. Two months after the heritage brand struck a last-minute rescue deal with shirtmaker Limited, the company has managed a re-launch after the pandemic nearly killed off the Square mile favourite. Established over 120 years ago, T.M. Lewin is steeped in [...]
Morrisons, Tesco and Sainsbury’s suspend sales of disposable barbecues amid heatwave August 12, 2022 Morrisons, Tesco and Sainsbury’s are among a slew of household names to halt sales of disposable barbecues owing to warm weather concerns. There have been warnings about potential fires due to high temperatures this summer, as large swathes of the country have been categorised as drought status. Morrisons said in a statement on Friday: “In [...]