Ocado sued by Norwegian tech firm over alleged patent infringement October 1, 2020 Shares in online supermarket Ocado dipped this afternoon after Norwegian tech firm Autostore announced it is suing the firm for alleged patent infringement. Ocado’s share price fell more than five per cent after Autostore said it had filed lawsuits in the UK and the US to prevent the FTSE 100 firm using retail storage and [...]
UK food exports fall but China brings home the bacon October 1, 2020 British food and drinks exports fell for the first time since 2015 in the first half of the year, with pork the only product to see a jump in sales due to massive exports to China. A new report from the Food and Drink Federation (FDF) showed that exports fell 13.8 per cent year-on-year to [...]
Halfords shares surge a fifth as wheels keep turning October 1, 2020 Shares in Halfords jumped over 20 per cent this morning as the firm said that the continuing numbers of new people taking to two wheels meant its half year profit would be higher than previously forecast. The FTSE 250 firm, which sells motoring and cycling products and services, said that profit was now expected to [...]
Pub chain Fuller’s to axe one in 10 jobs with London facing biggest cuts September 30, 2020 The head of pub chain Fuller’s has revealed at least 10 per cent of his around 5,000 staff are facing redundancy. Simon Emeny said the government’s decision to encourage people to work from home where possible will hit Fuller’s city-centre pubs hardest and result in job losses. “We are doing everything possible to minimise that, [...]
Hospitality bosses to exclude London from future growth plans after pandemic September 30, 2020 More than four in five hospitality bosses said they will avoid city centre locations such as London in their future growth plans following a drop in footfall, the latest research showed. Three quarters of respondents to the survey said they will adapt to the widespread switch to working at home. Meanwhile fewer than ten per [...]
Kylie Jenner’s cosmetics firm warns of Shopify security breach September 30, 2020 Kylie Jenner’s cosmetic company has warned customers of a security breach after Shopify had data stolen from 100 sellers. The E-commerce website said data, such as names, addresses and the last four digits of credit cards had been stolen by two “rogue” support-team workers from a number of sellers. Jenner’s make-up brand, Kylie Cosmetics, said [...]
Morrisons creates 1,000 jobs to fulfil Amazon orders September 30, 2020 Morrisons has created more than 1,000 new jobs to help fulfil orders through its new Amazon partnership. The supermarket said today that the new permanent positions will involve picking and packing customer orders from more than 50 stores across the UK. Amazon Prime customers are able to order Morrisons groceries, with a free same-day delivery. [...]
Ferrero Group in £250m bid to buy British Fox’s Biscuits September 30, 2020 Italian confectionary giant Ferrero Group is planning a £250m bid to buy British-based Fox’s Biscuits. The owner of brands such as Kinder and Nutella is working on a takeover deal with advisers, according to Sky News. Demand for biscuits has risen since the coronavirus lockdown, halting a downward trend as consumers opt for healthier snacking [...]
Lockdown entrepreneurs given chance to secure West End retail space September 29, 2020 Entrepreneurs that have established new brands during the UK coronavirus lockdown could secure physical retail space in the West End through a pop-up incubator initiative. West End landlord Shaftesbury has launched a scheme to offer retailers the chance to operate from a pop-up store in Seven Dials in a bid to support new businesses. The [...]
B&M raises profit forecast as sales soar during lockdown September 29, 2020 Discount chain B&M has bucked the trend of struggling retailers after posting revenue growth of 25.3 per cent for the first half of its financial year and raising its profit forecast. The group saw sales jump between 29 March and 26 September as the coronavirus lockdown hit, citing its “well-attuned business model to the evolving [...]
