Markets rise as Marks and Spencer leads retail boom
Markets in London were driven by a boom in retail stocks on Friday despite new official figures showing a drop in retail sales.
After trading...
Bidding war heats up at Morrisons with new £7bn bid by US private equity...
US private equity firm Clayton, Dubilier & Rice (CD&R) has announced a new £7 billion bid for supermarket Morrisons.
The deal has been unanimously accepted...
HGV drivers threaten strikes over Tesco’s new pay policy
As many as 1,500 convenience stores across London and the south east could face delivery shortages over pay disparities caused by HGV bonuses handed...
Grocery sales slide as customers retreat from online shopping
UK grocery sales have tumbled by 4% over the past three months as shoppers continue to steadily return to pre-pandemic habits, according to new...
Morrisons to give staff Boxing Day off
Bosses at Morrisons have told staff they can have Boxing Day off this year as a thank you for their hard work during the...
John Lewis signs deal with Tesco for warehouse space in online sales push
The John Lewis Partnership has signed a deal with Tesco to lease a million square foot distribution centre to meet demand for online orders,...
Takeover battle for Morrisons extended as CD&R eyes higher bid
Takeover regulators have extended the battle for supermarket Morrisons by a further two weeks, giving a US suitor more time to make a bid.
Clayton,...
Asda boss Roger Burnley steps down ahead of schedule after takeover
Asda boss Roger Burnley has left the supermarket giant following the completion of its £6.8 billion takeover.
Mr Burnley announced plans to step down as...
Consortium increases Morrisons takeover bid to £6.7bn
The private equity-backed consortium vying to buy Morrisons has increased its bid for the supermarket chain to £6.7 billion amid speculation of a rival...
John Lewis and Waitrose to axe around 1,000 store workers
The John Lewis Partnership (JLP) has told staff that it is proposing around 1,000 redundancies across its department stores and Waitrose supermarkets.
The company said...
