All News articles – Page 4
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NewsMorrisons chief Potts to meet Kwarteng next week over takeover plans
Morrisons chief executive David Potts is expected to meet business secretary Kwasi Kwarteng next week to brief him on the potential takeover of the grocer by private investment group Fortress.
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B&M sales slow as boss indicates ‘uncertainty’ around consumer spending
B&M’s sales have dipped in the first quarter of the value retailer’s current financial year following exceptionally strong trading during the pandemic.
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ITV to trial shoppable TV with Love Island and Boots
ITV has partnered with Boots to launch its first foray into shoppable television, starting with reality show Love Island.
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Tina Green receives £50m payout from Topshop administrators
Tina Green has been handed £50m by administrators from the remains of her husband’s Arcadia empire.
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Watches of Switzerland unveils five-year plan as ‘strong momentum’ continues
Watches of Switzerland has created a new strategic plan to keep momentum going as its profits and sales soared during the pandemic.
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WHSmith to open string of airport tech stores as travel recovery begins
WHSmith has announced that it will open 18 new airport stores under its InMotion fascia.
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Government extends working hours for lorry drivers to ease shortage
The government is temporarily extending the limit on lorry drivers’ working hours in order to ease the ongoing shortage, with the measures receiving backlash from the haulage sector.
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Deliveroo to create 400 tech roles in fresh growth drive
Deliveroo is planning to create 400 new tech jobs over the course of the next year as it targets further growth.
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Morrisons: Government seeks assurances over Fortress takeover bid
Ministers will push for a crunch meeting with Morrisons’ senior leadership to seek assurances over its potential acquisition by US private equity firm Fortress.
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Sainsbury’s and Ocado bosses warn of ongoing driver shortage impact
Sainsbury’s boss Simon Roberts has warned of availability issues until the end of the year, while Ocado has revealed it has seconded logistics staff to help suppliers to avoid disruptions.
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Sainsbury’s raises profit forecast as performance ‘better than expected’
Sainsbury’s has upgraded its profit outlook as it makes “good progress against the plan to put food back at its heart”.
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Ocado pens deal with Spanish grocer as sales soar
Ocado has announced a partnership with Spanish grocer Alcampo to develop its online business.
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Shops call for clarity as face mask regulations set to be lifted on July 19
Shops have warned of the risk to workers if face masks are no longer legally required later this month.
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Asda poaches KFC executive as chief customer officer
Asda has hired KFC executive Meghan Farren as its new chief customer officer.
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Gymshark founder Ben Francis takes the reins as global sales soar
The 29-year-old founder says he is ready to step into the top job at the company he founded a decade ago, and believes Gymshark could be the UK’s answer to Nike and Adidas.
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Retail bosses demand new laws to protect workers from violence
Chief executives from 100 of the UK’s largest retailers have written directly to the prime minister urging him to support a law to tackle violence and abuse against store staff.
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John Lewis unveils plans to build 10,000 rental homes
Department store chain John Lewis has announced plans to move into the residential property market, unveiling plans to build 10,000 new rental homes over the next few years.
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Morrisons braces for bidding war after accepting £6.3bn takeover
Rival private equity firms are reportedly considering tabling rival bids for UK grocer Morrisons after it accepted a £6.3bn takeover yesterday.
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Morrisons agrees £6.3bn sale to Majestic Wine owner
US investment giant Fortress is to acquire Morrisons in a deal said to recognise the grocer’s unique characteristics, long-term strategy and responsibilities to stakeholders.
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Exclusive: House of Fraser staff faced with zero-hours contracts ultimatum
Department store chain House of Fraser is understood to have put staff into consultation over a switch to zero-hours contracts in a decision that could potentially affect thousands of roles.
