Iceland in the red as Rachel Reeves’ tax raid forces prices higher Retail Iceland has warned it is being forced to increases prices because of Chancellor Rachel Reeves’ tax raids as the supermarket chain fell into the red. The Flintshire-headquartered said that while it is “doing our utmost” to offset increasing costs arising from last year’s Autumn Budget, it will “inevitably have to pass some of these on [...]
Britain’s space launch programme could be thwarted by NATO Opinion Aspirations of UK space launch will soon collide with the new geopolitical realities of global security, writes Susan Walton.
Airlines battle for a slice of the Arctic – who stands to gain? Transport and infrastructure Demand for Arctic travel is booming, driven by attractions such as the Northern Lights. Who stands to gain?
Iceland sheds 1,000 jobs as sales pass £4bn and loss slashed August 6, 2024 Sales at supermarket giant Iceland passed the £4bn mark during its latest financial year as its pre-tax loss was slashed by more than £30m, according to newly-filed accounts. The Flintshire-headquartered chain has posted a revenue of £4.2bn for the year to March 29, 2024, up from the £3.9bn it reported during the prior 12 months. [...]
Supermarkets hope for Euro 2024 boost as Asda and Co-op lose ground June 18, 2024 Asda and the Co-op are the only major supermarket brands in the UK to have lost market share over recent weeks, according to new figures.
Tesco, Sainsbury’s, Aldi: Who owns Britain’s biggest supermarkets after Asda takeover? June 12, 2024 British supermarkets like Tesco, Asda, Sainsburys, and Waitrose might be household names, but who is pulling their strings?
Iceland boss thanks medics who ‘saved his life’ after collapse in London Marathon April 22, 2024 "I collapsed and fell unconscious less than 2 miles before the London Marathon finish line with hyperthermic shock - body temp was 42 and rising."
Sadiq Khan: Starmer attacking Sunak for ‘betting on misery’ won’t put business off Labour January 30, 2024 Sadiq Khan has insisted Sir Keir Starmer’s attack on Rishi Sunak for “making millions from misery” during the financial crisis won’t put businesses off the Labour Party.
Iceland boss backs Labour as Starmer promises to protect ‘pound in your pocket’ January 29, 2024 Former Conservative donor and Iceland boss Richard Walker has thrown his support behind the Labour Party, calling it the “right choice” for businesses.
Iceland blames Russian war for whopping £95.7m energy bill November 14, 2023 Iceland, the frozen food supermarket, has blamed a “global surge” in wholesale prices following the war between Russian and Ukraine for its hefty £95.7m energy bill in the year to March. The value grocery chain, which specialises in frozen processed food, said that forking out for the “wholly unprecedented” charge led to a £35m loss [...]