Saturday, October 19, 2019

Tesco appoints veteran dealmaker to board

Fresh from its £4bn purchase of British wholesaler Booker, Tesco has added a veteran European dealmaker to its board. Melissa Bethell, who until...

Supermarket sales of organic food and drink continue to rise

Supermarket sales of organic food and drink in the UK have risen by 4% this year, new figures reveal, marking seven consecutive years...

'We're still nervous' – Salisbury locals reflect on six months since Skripal poisoning

Ice-cream vendor Steve Romain gazed out of his van across to a tiny island in a shallow stretch of the river that went...

Ashley faces potential revolt at Sports Direct annual meeting

Mike Ashley faces a potential shareholder revolt at Sports Direct’s annual meeting next week amid claims of his “continued failures” as chief executive...

Who are the British business leaders still backing Brexit?

The majority of big British business leaders are worried about the potential fallout from a no-deal Brexit. But amid the warnings over jobs...

Markets ask who will go next on the UK high street

Over the past month, British television viewers have been given the “inside story” of the battle to save privately owned discount chain Poundstretcher....

Homebase to close 42 stores after deal with landlords

Creditors of Homebase have approved a plan for the ailing DIY and homewares retailer to shut 42 stores, keeping it solvent but putting...

Homebase rescued from collapse, at the cost of 1,500 jobs

DIY chain Homebase is to cut 1,500 jobs as part of a rescue deal designed to save the company from looming bankruptcy and...

Coca-Cola buys Costa Coffee from Whitbread for £3.9bn

Costa Coffee, Britain’s biggest coffee shop chain, is being bought by Coca-Cola in a £3.9bn deal. Whitbread, which also owns the Premier Inn hotel...

Sales fall at Frankie & Benny’s owner Restaurant Group

Frankie & Benny’s and Chiquito owner Restaurant Group has suffered its latest period of falling revenues as fragile consumer spending continues to affect...

Jamie Oliver spent £13m to save Italian chain hours before bankruptcy

Jamie Oliver has revealed that his restaurant chain was hours from bankruptcy before he rescued it by injecting nearly £13m of his own...

UK shop prices rise for the first time in more than five years

Britain’s shop prices have risen for the first time in more than five years as the heatwave pushed up the cost of fruit...

My Ikea hob was a potential hazard – but company did nothing

To my surprise, about six weeks ago, I noticed on the Ikea website the kitchen hob I bought from them in 2016...

Sports Direct blames 'greedy landlords' for any House of Fraser job cuts

Sports Direct has raised the stakes in negotiations with House of Fraser store owners, warning it would be the fault of “greedy landlords”...

The economic logic of scrapping small change

No longer, if Bank of England economists get their way, will people be offered a penny for their thoughts: if those thoughts are...

One in five vanilla ice-creams has no vanilla, cream or fresh milk

Britain’s longest heatwave since 1976 has seen ice-cream sales soar, but a survey has revealed that some brands are sold without vanilla, cream...

Fishing for business: how Angling Direct tackled the UK high street

Keen angler Darren Bailey left school at 16 in the hope of making money doing something he loved. Thirty years on from taking a...

Homebase holds out for rescue as landlords pick up tab for high street

As a Homebase employee might say to a confused customer, this is not a drill. The DIY chain is approaching a crunch moment,...

Carry the cost: plastic ban levy 'to rise to 10p – with no shop...

Ministers have been considering rolling out the plastic bag levy to all shops and doubling it to 10p. The prime minister was reportedly planning...

Procter & Gamble bids to trademark LOL, WTF and other acronyms

Procter & Gamble, the household products company, has applied to trademark acronyms common in textspeak including “LOL” and “WTF”. If successful, the terms could...

Leggings race ahead of fashion field as sales boom

Leggings have enjoyed sporadic returns to the style spotlight since their 1980s heyday, but this year they are having their biggest comeback yet. The...

Bargain wedding dresses, TVs and antiques: John Pye sees soaring sales

As high street retailers struggle with store closures and bankruptcies, an online auctioneer is thriving. John Pye Auctions operates a digital bootsale that helps...

Is Thomas Goode a sleeping giant of British retail?

A visit to Thomas Goode & Co is a study in excess. For almost 200 years, the shop has supplied crockery, glassware, cutlery...

Heinz fined $2.25m for misleading marketing of snacks for toddlers

Food giant Heinz has been hit with a $2.25m fine for misleading consumers by claiming one of its snacks, marketed for toddlers, was...

Creditor agreement shows 70% of Homebase stores in the red

DIY chain Homebase will go back to popular products and brands dropped by its previous owner Wesfarmers, as part of a three-year turnround...

Competition watchdog to scrutinise merger of Sainsbury's and Asda

The competition watchdog has launched an investigation into the proposed £12bn merger between Sainsbury’s and Asda. A phase 1 investigation will assess how the...

UK competition watchdog launches Asda-Sainsbury’s merger probe

The UK competition watchdog has launched a formal investigation into the proposed merger between supermarket chains J Sainsbury and Asda.The Competition and Markets...

Sports Direct shareholders urged to vote against directors

Sports Direct’s billionaire founder Mike Ashley and his chairman Keith Hellawell face a fraught annual meeting in September after independent shareholders were urged...

Superdrug targeted by hackers who claim to have 20,000 customer details

Superdrug has advised its online customers to change their passwords after the high street chain was targeted by hackers claiming to have stolen...

Going down? What the future holds for the department store

“There was a power outage at a department store yesterday,” began one of comedian Steven Wright’s gags. “Twenty people were trapped on the...