News archive
Co-op seeking deal to purchase Nisa
The Co-operative group has begun talks negotiations in order to seal the acquisition of UK convenience store chain Nisa. It is believed that the company is planning to launch a £140m for ownership of the wholesale business that supplies...
Tesco launches compensation scheme after accounting scandal
Tesco, Britain's biggest retailer, has begun the process of its multi-million-pound compensation scheme to repay shareholders that were affected by the accounting scandal. September 2014 saw the supermarket admitting a £250m overstatement of...
Lidl overtakes Waitrose to become seventh biggest supermarket in Britain
Industry data shows that Lidl has overtaken Waitrose to become the seventh biggest supermarket in Britain by market share. Lidl and Aldi have both gained considerable ground on the ‘big...
Sainsburys put Nisa deal on backburner due to competition concerns
It has been suggested that Sainsbury's takeover of Nisa has been halted until the UK's competition watchdog has made a ruling on Tesco's acquirement of Booker. The supermarket is believed to have ended talks with Nisa, due to increasing...
Asda reveals terrible figures for 2016
Asda accounts have revealed that the supermarket suffered lower profits and a decrease in sales in 2016. The Walmart-owned supermarket has been the victim of increased competition in the sector, as its figures confirm the poor performance...
Tesco selling the most single use carrier bags
Statistics from the Department for Environment Food and Rural Affairs show that Tesco sell the most 5p single-use carrier bags. The statistics state that, over the last 12 months, 637 million of these bags were used by Tesco customers,...
Tesco pledges to remove harmful chemicals from clothing range
Tesco has committed to removing hazardous chemicals from its F&F clothing range. The supermarket chain is the latest of an increasing number of retailers who have pledged to ensure the safety of their products, with added chemicals chief...
Tesco purchase of Booker set for in depth investigation
UK competition authorities have confirmed that the purchase of Booker by Tesco will be subjected to an in-depth investigation. The Competition and Markets Authority (CMA) says they have a number concerns ahead of the supermarket giant's £3.7bn...
Sainsburys like for like sales rise in first quarter
Sainsbury's saw sales rise in the first quarter of their year, following the company's decision to revamp its convenience food ranges. The recent heatwave vindicated the supermarket's decision to acquire Argos, with the demand for fans and...
Tesco cut over 1000 call centre jobs
Tesco has confirmed that around 1,100 jobs are set to be cut from its call centre in Cardiff with the centre planned for closure in February. The company will be combining all of its customer engagement centres (CEC) into one site in...