Unilever makes £50bn bid for GSK’s consumer business January 15, 2022 Unilever has confirmed reports it made an unsolicited £50bn bid to snap up Glaxo Smith Kline's (GSK) consumer goods business.
Asos announces move to London’s main market January 13, 2022 Asos announces move to the main market of the London Stock Exchange after 20 years on the junior Aim market
Yule Be Impressed: Tesco’s profit forecasts boosted by festive spending and soaring sales January 13, 2022 Tesco now expects full-year operating profits to exceed its £2.5-2.6bn guidance , after stronger than expected sales over the festive period.
Investors eye UK supermarkets’ Christmas performance in busy week on London markets January 9, 2022 Investors will be eyeing how the UK’s biggest supermarkets fared over the Christmas trading period in a busy week of corporate announcements on London markets. Traders will be looking for clues in the string of supermarket updates on whether the imposition of plan B measures and soaring Covid-19 cases prompted consumers to divert money that [...]
Petrol retailers accused of ripping off motorists over Christmas January 6, 2022 Petrol retailers failed to pass on wholesale price savings to UK customers last month, according to data from RAC Fuel Watch.
Shoppers opted for premium products this Christmas as grocery inflation hit 3.5 per cent January 5, 2022 Grocery sales hit £11.7bn over the Christmas period, as shoppers were keen to make the most of the festive period after Covid restrictions hampered celebrations last year. Shoppers spent record amounts on supermarkets’ premium own brand products, with £627m spent on pricier items over the four weeks to 26 December. This was an increase of [...]
Major infrastructure changes needed to prevent future supply chain crises, says ex Tesco boss December 23, 2021 Major infrastructure changes are needed to relieve the UK’s supply chain struggles and prevent similar crises in the future, the government’s logistics tsar has reportedly cautioned. Former Tesco boss Sir Dave Lewis said that the “seismic move in consumer shopping habits… Together with a global shipping challenge, has shown the pressure on our existing supply [...]
GSK confirms former Tesco boss Sir Dave Lewis will head up £40bn spin-off December 20, 2021 Former Tesco boss Sir Dave Lewis is set to lead the £40bn separation of GlaxoSmithKline's (GSK) consumer healthcare arm.
Revealed: Amazon, Walmart and the NHS top wish list for job seekers December 17, 2021 A new study has revealed that Amazon, Walmart and the NHS are the most searched for companies by online job seekers.
City Moves: Who’s switching jobs in the Square Mile today? December 16, 2021 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. Zeus Labs Software startup Zeus Labs has poached Tesco’s global head of logistics as it looks to shape up the road freight industry. Joining as chief operating officer, Alistair Lindsay will help reduce the sector’s carbon footprint [...]