Primark’s owner will repay £121 million in furlough money claimed under government job retention schemes and pay out a dividend to shareholders despite a slump in profits.
Associated British Foods (ABF) said the decision comes despite stores remaining closed for most of the autumn and winter period, leading to revenues and profits plunging.
Sales were down 17% to £6.3 billion and...
Much has been documented about the death of the high street and irrevocable ecommerce trends rendering stores obsolete. But might physical stores see something of a comeback once restrictions are lifted?
On the one hand, online penetration will inevitably remain higher than it was pre-Covid. Indeed, John Roberts, CEO of AO World, recently said that he believed the shift to...
LINK, the UK’s main ATM cash machine network, has welcomed legislation supported by the Government that will help to facilitate a potential nationwide rollout of free cash withdrawals from participating retailers’ tills.
The legislation forms part of the Financial Services Bill and once successfully passed through the House of Commons means that, over time, potentially thousands of shops could begin to offer the service. Last night (19 April 2021), the Government accepted an amendment in the...
Digital signage is evolving rapidly. As one of the fastest-growing solutions for communication, the future of digital signage is bright (beyond just the screen). Digital signage software is capable of producing more content than ever, and hardware options are advancing. Round nearly every corner, you will now find some form of digital signage.
But what can we expect to see...
Blackburn billionaire brothers Mohsin Issa and Zuber Issa, who own supermarket giant Asda, have bought the fast food chain Leon.
The brothers’ petrol forecourt business EG Group has secured more than 70 restaurants across the UK and Europe.
In a statement issued on Sunday, EG Group said the deal – worth £100 million according to the Financial Times – is part...
Retail technology giant Ocado has said it will invest £10 million in driverless vehicle start-up Oxbotica and look at the potential for automated deliveries to customers.
Ocado announced in a stock market statement that it will look at the use of Oxbotica’s autonomous vehicle software for operations at its warehouse as well as “last-mile deliveries and kerb-to-kitchen robots”.
The cash injection...
Primark owner Associated British Foods (ABF) is set to unveil a slump in sales and profits after the high street giant was hammered by the latest coronavirus lockdown.
The company is expected to reveal that it missed out on £1.1 billion in sales over the six months to February as a result of further enforced closures to its stores, in...
The motoring world is rapidly changing. With the UK government announcing its plans for a nationwide ban of new petrol and diesel sales, there’s never been more pressure to upgrade your vehicle.
Ever since Tesla became one of the most talked-about vehicle brands around, the electric vehicle (EV) industry has boomed. Charging points have become the norm across the country,...
Deliveroo has said it expects the recent rapid growth in orders to wane as lockdown measures ease in the coming months.
It comes after the takeaway delivery said growth accelerated to 114% in the three months to March, with 71 million orders placed as pandemic restrictions continued to grip its key markets.
The group, which saw its shares flop in its...
Online electricals retailer AO World has said it expects to deliver bumper profits over the year ahead despite the reopening of high street rivals as it revealed an 88% surge in UK sales.
The impressive performance over its final quarter helped group revenues jump by 62% to £1.66 billion in the year to March 31.
It now expects annual underlying earnings...