UK dividends slump to $14.7bn in first quarter after slowdown in special payouts May 24, 2022 UK dividends slumped in the first quarter of the year after a slowdown in frothy one-off payouts that caused an $18.8bn spike between January and March last year.
Shops’ tax bill 755 per cent higher than online rivals amid war of words over sales tax May 23, 2022 Traditional brick and mortar retailers pay 755 per cent more – almost eight times – than their online rivals in business rates tax. The figures come after Sainsbury’s and Marks and Spencer execs have voiced differing opinions over the prospect of an online sales tax. Fresh analysis by real estate advisor Altus Group has found [...]
Which?: Food prices climb a fifth in just two years May 21, 2022 Prices for some of the UK’s most loved grocery items have soared over the last two years, a new study has revealed. Supermarkets have hiked the price of 265 lines by more than a fifth, with Tesco raising the price of household favourtie Kellogg’s Crunchy Nut 21.4 per cent and Sainsbury’s lifting Warburtons’ four-seeded thin [...]
Tesco will plough ahead with removing multi-buy promotions on sugary foods despite government delay May 19, 2022 Supermarket giant Tesco has announced it will continue with plans to remove volume-led promotions of sugary foods, despite the government pushing back legislation by a year. The supermarket said this decision had been taken after customer feedback that they wanted the business to help them make healthier choices. Removing ‘buy one get one free’ promotions [...]
From calorie counts to meal deals, Boris Johnson can’t make up his mind May 19, 2022 When American political activist Ralph Nader famously called McDonald’s double cheeseburger “a weapon of mass destruction” he was on to something. On this side of the pond too, decades of unhealthy fast – and fat – food eating have left a mark. Around 63 per cent of adults in England are either overweight or obese. [...]
City exclusive: Cordiant Capital’s co-CEO on how to make money in the crowded world of digital infrastructure May 19, 2022 Amid an increased focus on digital infrastructure, data transfers and online storage in practically every market around the world, investment giant Cordiant Capital listed its Cordian Digital Infrastructure arm in London last year. Time for City A.M. to catch up with Benn Mikula, co-CEO and managing partner at Cordiant Capital, to see how things are [...]
Petrol retailers could face fines if they fail to pass on fuel duty cuts to consumers May 19, 2022 Petrol retailers could be fined if they fail to pass on fuel duty cuts to customers, warned the Competition and Markets Authority.
Supermarkets cheapest place to go for petrol, says AA May 18, 2022 Motorists looking for minimise the pain of record petrol prices should top-up their tanks at supermarkets, reveals motoring group AA.
The City View: Michael Hewson on problematic consumer spending growth May 17, 2022 Today Andy Silvester talks to Michael Hewson, Chief Market Analyst at CMC Markets. They unpick the latest wage and labour figures, analyse Bank of England governor Andrew Bailey’s comments at the Treasury select committee, go through inflation predictions for 2022, and discuss why current consumer spending growth in the US and UK will be problematic [...]
Labour calls for all MPs to vote on one-off windfall tax May 16, 2022 The Labour Party is calling on all MPs to vote in favour of a one-off windfall tax on oil and gas producers as the cost of living crisis continues to bite into Brits’ pockets. The amendment will be proposed tomorrow morning during the Queen’s Speech debate and it follows an analysis published yesterday by the [...]