Co-op underlying profits dive 48%
Co-op has seen underlying pre-tax profits divebomb by nearly a 50 per cent in its first half as it diverted funds to its members reward scheme.
Almost 2/3 of Brits now shop at Aldi or Lidl
Shoppers visiting Aldi or Lidl in the last quarter has grown to almost a third compared to the same period last year, new grocery market share figures show.
Ocado Q3 revenue jumps 14.3%
Ocado's sales continued to rise in the third quarter, with the online grocer recording a 14.3 per cent jump in total revenue.
Sainsbury’s appoints Jo Harlow to board as non-exec director
The parent company of Sainsbury's and Argos has appointed Jo Harlow to the board as a non-executive director, with immediate effect.
Tesco-Booker merger could have adverse impact on Palmer & Harvey
One of the UK's biggest wholesalers has warned that the proposed Tesco-Booker merger could make rival wholesaler Palmer & Harvery go bust.
Morrisons sees profits leap 40% as turnaround produces results
Morrisons has solidified its revival efforts posting growth in revenue and profits for the “first time in the turnaround”.
Tesco under fire for deducting 10% bag tax funds meant for charity
Tesco has deducted millions of pounds in administration fees from funds raised from the plastic bag tax, an initiative that the government stated should go towards charitable causes.
Average grocery costs continues to rise
The price of the average basket of grocery items continued its upwards trajectory in August, according to a monthly tracker.
Asda axes 300 jobs at head office
Asda has culled almost 300 jobs at its head office as part of a major turnaround plan.
Asda accused of bullying suppliers with threats of de-listing
Asda allegedly used "aggressive tactics" to demand suppliers to pay significant sums of money or face being de-listed, a new report has revealed.
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