LXi REIT’s £500m bid for Sainsbury’s stores collapses amid market volatility failed deal LXi REIT's proposed takeover of 18 Sainsbury's stores has collapsed after the group pulled out of a share issue.
Sainsbury’s in talks to sell 18 supermarket stores to LXi REIT for £500m SAINSBURY's Supermarket Sainsbury’s is in discussions to sell more than dozen stores to real investment trust LXi REIT for around £500m. The businesses confirmed talks about a sale and leaseback deal on Wednesday, after a report by Sky News earlier this week. LXi REIT hopes to fund the deal through a combination of new equity and [...]
Revealed: These are Britain’s most popular companies to work for Brits' favourite employers New research has revealed the top companies Brits want to work for the most. The data shared with City A.M. analysed the top searches for jobs and careers on Google, to see which private sector companies Brits are keenest to work for currently. Tesco came out as the most popular company, with the multinational supermarket seeing [...]
Sainsbury’s injects £20m into boosting shop workers’ wages September 13, 2022 Sainsbury’s has said it will boost pay for its shop workers in London to £11.20 per hour, as well as offering employees free food amid the cost of living crisis. The supermarket said it was investing £25m into supporting its hourly paid workers, with some £20m being pumped into employees’ pay packets. Employees at Sainsbury’s [...]
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 [...]
Sainsbury’s to pump tens of millions into its prices to offset inflation pressure on Brits August 31, 2022 Sainsbury’s said this morning the supermarket giant plans to invest £65m into its pricing next month amid ratcheting pressure on customers’ budgets. Simon Roberts, chief executive of the supermarket chain, promised the brand will stand with its customers “to ease the financial pressure they face”. The latest pricing pledge – which is part of wider [...]
Sainsbury’s to save 17m food items from waste by removing best before dates August 30, 2022 Sainsbury’s plans to save 17 million food items a year from waste by removing ‘best before’ dates. The supermarket giant will take off the date from 276 of its own brand items and more than 100 fresh produce products, such as onions, tomatoes and fruits. More than 130 items will follow, including potatoes, with [...]
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 [...]
Government and major businesses work together to help households with cost of living July 21, 2022 The government will collaborate with leading businesses to help UK households facing the cost of living crisis, it said today. The Cost of Living Business Tsar and ex-chief of Just Eat David Buttress agreed retail deals and discounts with major businesses in the UK like Asda, Sainsbury’s, Amazon, and Vodafone as part of the Help [...]