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Record grocery spending this Christmas as Brits indulge in premium foods and sparkling wines
By City AM
Overall take-home sales at the grocers rose by 2.1 per cent over the four weeks to 29 December compared with last year, with Brits splashing out on premium lines of branded goods for festive favourites like sausage rolls and cake, as well as sparkling wine and champagne.
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Warpaint London set to acquire Brand Architekts in a £13.9m deal
By City AM
The company said under the terms of the acquisition, each shareholder would receive 48p per share
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Tesco and Sainsbury's loyalty schemes help shoppers save, says regulator
By City AM
The Competition and Markets Authority has been investigating loyalty schemes at major supermarkets including Tesco, Sainsbury's, Asda, Morrisons and Waitrose since November last year
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Pembrokeshire rum maker Barti scaling up production
Tesco
Its expansion has been backed with loan funding from the Development Bank of Wales and Pembrokeshire Lottery
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Tesco-owned convenience store chain One Stop sees sales surge to £1.3bn
By City AM
The Walsall-headquartered business has posted a revenue of £1.29bn for the 12 months to 24 February, 2024, up from the £1.17bn it achieved in the prior year
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Barclays completes £600m Tesco Bank takeover after high court approval
By City AM
Barclays has completed its £600million takeover of Tesco Bank after the high court approved the buyout on 17th October
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Wyke Farms cheese unveils new look days after top award win
Somerset
The historic Somerset-based cheese and butter maker has updated its packaging
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New CEO appointed at True Potential as co-founder Daniel Harrison steps down
Finance
Daniel Harrison launched the business in 2017 with his father David Harrison
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º£½ÇÊÓƵ's leading grocer Tesco revises profit guidance upwards after strong half-year performance
By City AM
Supermarket giant Tesco has upped its profit guidance and hiked its dividend after another strong period of trading for the º£½ÇÊÓƵ's biggest grocer
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Tesco Mobile reports £449,000 loss despite surpassing £1bn in sales
By City AM
Tesco Mobile, which operates as a joint venture between the supermarket and Virgin Media 02, has reported a pre-tax loss of £449,000 for its 2023 financial year
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Riverford slams supermarkets over 'farmwashing' and warns British farmers 'on the brink'
Retail
An open letter has been sent to the chief executives of Tesco, Aldi, Lidl, Morrisons, Sainsbury's and Asda calling on them to end 'unethical' marketing practices
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Newcastle shopping centre snapped up by prominent North East property entrepreneur
property news
The city centre shopping complex is set to be redeveloped by its new owner
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Asda co-owner Mohsin Issa to step away from supermarket giant as CEO search continues
Asda
Lord Stuart Rose and TDR Capital partner Rob Hattrell will take lead
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Supreme Court rules against Tesco in landmark 'hire and fire' case over employee retained pay
By City AM
The Supreme Court has ruled that Tesco cannot terminate its employees' contracts for the purpose of depriving them of retained payment, after a three-year legal battle
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Asda sees sales decline in battle with big supermarket rivals
Retail
The Leeds business has lost market share to the likes of Tesco, Sainsbury’s and Morrisons but is investing in its staff in a bid to bounce back
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New twist in Tesco and Sainsbury's meal deals: Ice creams added to the lunchtime lineup
By City AM
Both Tesco and Sainsbury's have added a new item to their popular meal deals, but it seems that not many people have caught on to it yet
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Eagle Eye soars with revenue rise as Tesco, Morrisons and Waterstones deals pay off
By City AM
The loyalty scheme specialist, which was founded in 2003, operates in the º£½ÇÊÓƵ, North America and Oceania and has been listed on the Aim market since 2014
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Global media giant Warner Brothers Discovery set to launch North East base after Quorum Park office deal
property news
Warner Brothers Discovery is heading to North Tyneside's Quorum Park
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North West vape supplier Supreme hails 'outstanding' year as profits double
Retail & High Street
Following the year end the group swooped for Sunderland's Clearly Drinks, in moves to diversify
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New images show how £1.6m Federation of Sport gaming hub will look in Hull city centre
Business of Sport
The new entertainment centre will create 50 jobs when it opens
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Host of national operators prepare to open at Bishop Auckland Retail and Leisure Park
property news
Brands including The Range, Puregym, Popeyes, Greggs, Tui, Superbowl º£½ÇÊÓƵ, and Reel Cinemas will open at the new destination
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PR guru Lynne Franks to open business club for women in Somerset
Somerset
The communications expert says she has set up the members club in response to increasing demand for space dedicated to women
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Tesco reports surge in revenues as impact of inflation eases
Tesco
The º£½ÇÊÓƵ's largest supermarket group posted an adjusted operating profit of £2.83bn for the year to February, up almost 13% on the previous year
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Vegan chocolate maker planning major expansion after securing funding
Food and Drink
Buttermilk has developed a range of award-winning dairy-free chocolate bars
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