Waitrose: Supermarket gets with the times and launches £5 meal deal August 23, 2023 Upmarket grocer Waitrose has followed in the footsteps of its fellow highstreet stores and launched a meal deal offer. It will launch the British lunchtime staple, which usually consists of a sandwich, drink and snack, on the 30th of August, pricing it at £5. Waitrose has sold pre-packaged sandwiches and wraps in its stores but [...]
Homes more affordable but borrowers stretched by rising mortgage costs August 23, 2023 The cost of a typical house is 6.7 times average earnings in Britain despite the recent slowdown in the property market, according to new figures. Mortgage lender Halifax said this is down from a record high of 7.3 times average earnings last summer, when a UK home cost an average £293,586 and the average annual [...]
A gig in five years: An immersive dream or virtual insanity? August 23, 2023 The pandemic is over and live music is back. But as the music industry cheers the return of gigs, a number of tech companies are hoping to radically change the way we consume live events in the future.
Keep dreaming if you think Brexit is the reason craft beer breweries are going bust August 23, 2023 Microbreweries never stood a chance in an over-saturated market of craft beer - it's not the fault of Brexit, writes Paul Ormerod.
Getir to slash 2,500 job roles as demand for delivery fades August 22, 2023 Grocery order service Getir will slash 2,500 jobs from its global workforce, in the latest signal that demand for rapidly delivered goods is dwindling. The startup has said it is cutting 10 per cent of its 23,000 strong workforce across the UK, Netherlands, Germany, the US and its homeland of Turkey. In recent months the [...]
Pubs push on with demand to loosen licensing laws after World Cup sales boost August 22, 2023 Pubs are continuing with their demands to amend the country’s licensing laws to permit them to sell alcohol earlier in the day on special occasions. Calls to change the law were ignited in the run up to the Women’s World Cup final. Typically, trading laws only prohibit pubs from pouring drinks from 11:00am, so many [...]
Under-offer Lookers nets £46m profit amid tough economic headwinds August 22, 2023 Car dealership Lookers, which looks set to be swiped from London markets in a £504m take-private deal, reported resilient trading in the first half against significant macroeconomic headwinds. The UK’s biggest car seller reached an agreement late last month with Global Auto Holdings – an entity linked to the Canadian Alpha Auto Group – to [...]
Cost of living crisis: 63 per cent of Brits now shop at discount grocery stores August 22, 2023 More than half of shoppers now shop at discount grocery stores as Brits continue to seek out bargains amid the cost of living crisis. According to new data released by NIQ, in the last four weeks some 63 per cent of the public shopped at value chains such as Aldi, B&M and Poundland, with over [...]
Ripple Energy unveils record £20m-plus fundraiser for new solar farm August 22, 2023 Ripple Energy has raised over £20m for its new solar farm, the largest amount generated by a co-op for a single green energy project.
FTSE 100 bosses got a £500,000 pay hike last year – but guess who got paid the most? August 22, 2023 The salary of FTSE 100 chief executives surged by 16 per cent in 2022, according to new figures out today. The figures, collated by think tank the High Pay Centre (HPC), revealed the median pay for the bosses of the UK’s top 100 firms reached £3.91m in 2022, a £500,000 jump from £3.41m in 2021 [...]