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The Covid-19 crisis saw some obvious business winners emerge from the pandemic as workers were forced to stay at home as high streets and the hospitality sector shut down. Online retailers and supermarkets were the big winners, alongside takeaway firms and delivery apps including Deliveroo and Just Eat. But the PA news agency takes a look at some of the other,...
Halfords has paid £15 million to buy a motor services company in the South East of England which specialises in changing tyres on cars and tractors. The firm said it is buying Kent-based Universal Tyre and Autocentres, which has 20 sites across the region and runs 89 response vans. Around £9 million of the price tag that Halfords paid was to...
Shopping habits have “changed dramatically” a year on from the first empty shelves and shuttered high street stores, according to retail experts. Helen Dickinson, chief executive of British Retail Consortium (BRC) trade body, told the PA news agency that the current retail environment feels “a world apart” from a year ago despite the continued impact of the Covid-19 pandemic on...
Consumer confidence is showing “green shoots” of recovery on the back of well-received Budget announcements, the successful vaccine rollout and roadmaps in place for ending lockdown, a survey suggests. British peoples’ positivity about their personal finances over the next 12 months is at its highest point in three years, jumping six points to a score of 10 in March, seven...
Asda’s chief executive has said he will step down next year following a billion-pound buyout of the firm. Roger Burnley said he will leave the supermarket chain after it has “transitioned fully to new ownership” under the Issa brothers, who won the £6.8 billion takeover battle for the business last year. Mr Burnley, 54, has been chief executive since January 2018,...
BT has confirmed plans to spend £12 billion rolling out full-fibre broadband to 20 million homes in the UK no later than the end of the decade, following the publication of new rules by Ofcom. A long-awaited decision by the regulator will allow BT to secure the returns on investment bosses had been hoping for and provide clarity over pricing...
Ocado has revealed a 40% surge in retail sales amid a “dramatic and permanent” shift towards online shopping since the pandemic struck. The group said its retail arm joint venture with Marks & Spencer delivered retail revenues of £599 million for the 13 weeks to February 28, covering the Christmas trading season – up 39.7% on a year earlier. The value...
Upper Crust owner SSP will ask shareholders for close to half a billion pounds to tie it over until the travel market recovers from the ravages of Covid-19. The company, which relies heavily on sales in airports and train stations, said that it intends to raise around £475 million in a rights issue. The money will help position the company for...
The boss of Just Eat Takeaway has seen his pay packet for the past year jump by more than half as sales rocketed during the pandemic. Just Eat Takeaway’s latest annual report has revealed that chief executive officer Jitse Groen was handed a pay deal worth 1.13 million euros (£970,000) for the year to December. It represents a 57.9% increase...
The UK’s biggest mobile operators have committed to pay more than £1.3 billion in the first stage of latest bidding for airwaves for 5G networks. EE, O2, Three and Vodafone took part in the auction, run by telecoms regulator Ofcom as they looked to boost their current mobile services and support new 5G networks. The first stage of the auction involved...

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