Retail and Consumer industry

Asda to outsource staff to Indian company

Business
Robert Johnson

Following the latest announcement regarding Asda’s outsourcing proposal, bosses are understood to have been inundated with questions from worried workers. Asda’s IT ...

Tesco launches Amazon rival selling luggage and furniture

Business
Robert Johnson

Tesco has rolled out a digital “marketplace” to sell products ranging from office furniture to giant chess sets, as the supermarket giant ...

Amazon shrugs off China threat to post record start to year

Business
Robert Johnson

Amazon has shrugged off competition from fast-growing Chinese rivals to post its strongest-ever start to the year. The tech giant posted profits ...

How Lidl’s breakneck expansion came to a juddering halt

Business
Robert Johnson

They also show that Lidl’s debt pile has ballooned from just under £1.7bn in 2020 to £3.1bn at the last count.  Barclays analysts ...

Labour risks making people poorer, warns Currys chief

U.K.
William Turner

The depressed share price is something of a sore spot. The stock has fallen around 67pc since Mr Baldock took over as ...

Morrisons posts £1bn loss as debt interest payments soar

Business
Robert Johnson

Earlier this year, he said: “I must be very direct. Since the pandemic, Morrisons has not been on peak form. “Our market ...

Waitrose falls behind in battle for supermarket shoppers

Business
Robert Johnson

Regardless of the business rate pressure, experts at NielsenIQ said the “underlying trend in prices will be downwards” over the next few ...

Shoppers face £1bn ‘toaster tax’ under plans for new set of net zero rules

Business
Robert Johnson

Ms Dickinson said: “We think [the bill would be] in the hundreds of millions of pounds plus, and could be £1 billion ...

Parcel courier Yodel prepares to call in administrators

Business
Robert Johnson

The struggling parcel courier Yodel is preparing to call in administrators as hopes of a rescue deal fade, threatening disruption to online ...

Billionaire Zuber Issa seeks to offload Asda stake in break with brother

Business
Robert Johnson

Zuber could also seek to sell his stake to the private equity firm, sources said, although TDR would be expected to offer ...