Saturday, December 16, 2017

Ocado’s growth slows as it struggles to find drivers

Ocado has seen sales growth slow over its final quarter as it struggled to hire enough drivers to fulfil online grocery demand.
Tesco fake farm

Tesco faces legal threat over “fake farm” names

Tesco is facing legal threats for stealing the name of a genuine farm to use on the packaging of their own-brand meat products.
Palmer & Harvey

400 more jobs axed at Palmer & Harvey

Hundreds more jobs have been cut at the collapsed supplier Palmer & Harvey as it fails to secure a sale for part of the company

Last-minute Christmas food spend to top £4.2bn

Supermarkets are set to cash in on last minute Christmas shopping with sales for the last week before Christmas to top £4.2 bn.
grocery market share

Aldi reclaims crown as UK’s fastest-growing grocer

Aldi has reclaimed its crown as the UK's fastest-growing grocer, with sales surging 15.1% year-on-year in the latest quarter.

Plans to cut over 800 jobs announced at Asda

842 Asda staff may have their pay cut or face redundancy amid sweeping cost-cutting measures across the supermarket.
Chris Bush

Tesco’s former MD Chris Bush refuses to give evidence in court

Former Tesco managing director Chris Bush informed the court he would not be giving evidence during a trial into the 2014 account
Costcutter Nisa

Costcutter adds Nisa to wholesale network in wake of Palmer & Harvey collapse

Costcutter has appointed Nisa as an immediate and short-term wholesale supplier in the wake of Palmer & Harvey's collapse.

Palmer & Harvey paid out £8m a year in dividends despite consistent losses

Palmer & Harvey paid out around £70 million in dividends to directors and other shareholders over the last nine years.
McColl's sales

McColl’s achieves £1bn in sales for the first time

McColl's has achieved annual revenues of more than £1 billion for the first time, boosted by the acquisition of 298 former Co-op stores.

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