Asda eyes up Co-op’s petrol business in £450m bid August 29, 2022 Asda is the front-runner to buy approximately 130 petrol stations and convenience stores from the Co-op Group’s petrol forecourt business in a £450m swoop.
Store closures at lowest rate in seven years as high street bounces back August 29, 2022 Store closures are at the lowest rate in seven years, despite the increasing pressure on the high street.
Cineworld landlord files winding up petition against cinema chain August 27, 2022 One of Cineworld’s landlords has sent a winding up petition to the cinema chain following several High Court claims. According to filings, the claim was presented on Monday and it is understood that it was filed by the landlord of the Picturehouse cinema in Piccadilly. The cinema’s landlord won a £2.9m lawsuit against Cineworld last [...]
You wonk believe it: Lidl and Waitrose welcome misshapen fruit and veg amid drought conditions August 26, 2022 Both Waitrose and Lidl have come out this week to announce that they would be relaxing size and shape guidelines for fruit and vegetables following drought-like conditions for farmers.
M&S faces boycott over gender changing room row August 26, 2022 Calls have been made to boycott M&S after the retail giant said customers could decide which changing room they wanted to use.
Cineworld shareholders ‘will get zero’ if it files for bankruptcy, says short seller August 24, 2022 Cineworld was “run on a wing and a prayer” and will leave shareholders with nothing if it files for bankruptcy in the US, a short seller of the firm said today.
Iceland boss: Absence of government support on energy bills risks job losses and bankruptcy for firms August 23, 2022 Iceland boss Richard Walker has called on ministers to issue more support for businesses struggling with sky-high energy bills. Without a price cap on businesses’ energy bills, smaller firms would surely collapse, the supermarket’s managing director told CityA.M. An absence of further support for businesses was “really serious,” as the colder months approach, Walker said. [...]
Pubs face winter ‘extinction’ with some facing energy bill spike of 500 per cent August 23, 2022 Pub landlords are facing an “extinction” this winter as a majority of operators said they feared being forced to shut down in the coldest months. Some 65 per cent of publicans said they were likely to close over winter, despite a lucrative Christmas period free of Covid restrictions, when surveyed by industry title The Morning [...]
Co-op appoints Shirine Khoury-Haq as first female chief in 159 years August 23, 2022 The Co-op has appointed its former chief financial officer and interim boss Shirine Khoury-Haq as group CEO. The group’s former boss Steve Murrells, stepped down in May following the company’s annual general meeting. Murrells took the reins of the supermarket as CEO in March 2017, following a five year stint heading the company’s food business. [...]
Shoppers spend more at convenience stores this summer while volume sales at large grocers dip August 23, 2022 Convenience stores have seen sales buoyed this summer, as shoppers coughed up £3.6bn on groceries in them over the past month. Over the four weeks to 13 August, convenience stores made up some 28.9 per cent of sales, according to fresh data published by NielsenIQ on Tuesday. Total till grocery sales saw a growth of [...]
