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Retail

  • ‘Taking the pistachio’: Watchdog bans Tesco Mobile ads for potential ‘serious and widespread offence’

    May 11, 2022

    UK advertising watchdog banned Tesco Mobile’s advertising campaign this morning for using expletives as names for food substitutes. The Advertising Standards Authority ruled that the names were likely to cause “serious and widespread offence”, ruling the use of “shiitake” and “pistachio” to be unacceptable. One advert seen in February featured text saying: “What a load [...]

  • Generation AI: Breakthrough for automation as robot ‘chef’ in Cambridge can taste food at different stages of the chewing process

    May 11, 2022

    A robot “chef” has been trained to taste food at different stages of the chewing process to check if it is salty enough, imitating a similar process in humans. The University of Cambridge researchers suggest their results could be useful in the development of automated or semi-automated food preparation by helping robots to learn what [...]

  • Beauty Bay eyes outright sale after ditching London IPO plans

    May 11, 2022

    Online marketplace Beauty Bay has recruited bankers to look at options including a sale, after previously eyeing a London listing. Beauty Bay has reportedly hired Threadstone Capital to advise it as it mulls options including a full or partial sale, or snapping up other firms to further its expansion ambitions.  The beauty platform is now [...]

  • UK ticket holder richer than Adele after £184m lottery jackpot

    May 11, 2022

    One lucky winner in the UK has bagged the country’s biggest-ever National Lottery prize, with a £184m jackpot. The winning main EuroMillions numbers are: 03, 25, 27, 28, 29 while the winning Lucky Star numbers are 04, 09. The EuroMillions winner is now richer than celebrities including boxer Anthony Joshua, who is recorded as having [...]

  • Pfizer coughs up $11.6bn for migraine treatment maker Biohaven

    May 10, 2022

    Covid vaccine maker Pfizer has said it will cough up $11.6bn to acquire pharma firm Biohaven. Pfizer is snapping up the Connecticut based company in a bid to capitalise on a new class of migraine pill.  Biohaven’s migraine drugs could surpass $6bn in annual sales, Pfizer said on Tuesday.  Biohaven common shareholders are to receive [...]

  • Government’s consumer protection push criticised for moving too slowly

    May 10, 2022

    Despite making grand gestures about protecting consumer and business rights under the draft Digital Markets, Competition and Consumer bill, the government have come under fire from critics for acting too slowly.

  • Andy Warhol’s iconic Marilyn Monroe portrait sold at auction for record £158m

    May 10, 2022

    Andy Warhol’d iconic portrait of Marilyn Monroe has been sold at auction in New York for a record-breaking £158m. The artist’s ‘s ‘Shot Sage Blue Marilyn’ notched up $195m (£158m), making it the most expensive 20th entry artwork ever to sell at auction with Christie’s.  The piece attracted bidders from 29 countries with additional highlights [...]

  • Ex-Monzo boss wants weekly shop to ‘feel like magic’ as Lollipop startup reveals £5m fundraise

    May 10, 2022

    Lollipop, a grocery startup headed by a former Monzo exec, has raised £5m, as it appeals to families wanting to cut down on the time taken by the weekly shop. While a flurry of startups have looked to offer shoppers on-demand grocery delivery, ex-Monzo COO, Tom Foster-Carter, has taken a different approach to the burgeoning [...]

  • Future bags women’s fashion platform WhoWhatWear as it eyes US growth

    May 10, 2022

    Publisher Future has nabbed the women’s lifestyle platform WhoWhatWear as it seeks to expand its reach in the US.  Shares in the FTSE-250 firm were lifted by around one per cent in morning trading on Tuesday.  Future, which owns titles such as Tech Radar and Marie Claire, has acquired WhoWhatWear from US firm Clique Brands, [...]

  • Sadiq Khan the toast of New York as Hillary Clinton rushes to share limelight with London Mayor

    May 10, 2022

    As Sadiq Khan’s US tour continues, the Mayor of London shared a stage with US political veteran Hillary Clinton in New York City. Khan attended a meeting with the former US presidential hopeful at the Clinton Foundation offices in Manhattan on Monday to discuss issues facing the capital as well as recovery from the coronavirus [...]

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