Planning for the new Brexit deadline is “more difficult” because the supply network will be full of Christmas stock, Tesco’s boss has warned. Dave Lewis told the BBC that the new deadline of the end of October meant there would be “less capacity” for stockpiling […]
J Sainsbury said same-store sales fell 1.6 per cent excluding fuel in the first quarter of its financial year, hurt by a decline in general merchandise and clothing, and cautioned that the market continued to be “uncertain and highly promotional”. General merchandise sales were […]
nastasia Savchenko was at agricultural university in Kharkiv in Ukraine when she saw a Facebook advert for a job picking courgettes on a farm in Cornwall. The process of being interviewed and receiving her six-month work visa took about six weeks. She is among 30 […]
We’re excited to announce that Intelligent Growth Solutions (IGS), a Scottish vertical farming tech provider, has raised £5.4 million in Series A funding. The round was led by leading agri-foodtech investor S2G Ventures as well as AgFunder and Scottish Investment Bank (SIB). IGS has developed […]
Banks across Europe earn hundreds of millions of euros a year from overcharging small corporate customers for foreign exchange services, according to a new paper from the European Central Bank. The new research is the first data-driven study of the traditionally opaque world […]
Morrisons and Amazon say they will expand their same-day delivery service for groceries to Glasgow, Newcastle, Liverpool, Sheffield and Portsmouth. Morrisons agreed to supply Amazon with groceries in 2016 and the service now includes delivery within the hour for some customers. So far customers […]
Tesco said sales growth in its core UK business slowed in the first quarter, but that it had outperformed a “subdued” grocery market. The grocer, which is nearing the end of a four year turnround programme under chief executive Dave Lewis, said on Thursday that […]
Lidl plans to invest £500m ramping up its presence in London, opening 40 new stores over the next five years in a region where it has traditionally found it difficult to expand. The German discounter on Wednesday said the move — which will see […]
in the 12 weeks to May 19, with its sales unchanged from the same period last year. Sainsbury’s was the biggest loser, with sales declining 1.7pc year-on-year as it narrowly avoided being overtaken by Asda in the battle to be the country’s second largest supermarket […]
LONDON (Reuters) – Morrisons, Britain’s fourth-biggest supermarket group, said political and economic uncertainty had weighed on its first-quarter growth and warned that it faced a tough comparative over the next three months. The group, which trails market leader Tesco (LON:TSCO),Sainsbury’s and Walmart’s Asda in annual […]