Food promotions now make up 22.5 per cent of grocery sales – and it’s up a fifth from last year July 25, 2023 Promotions on food and other items now account for 22.5 per cent of grocery sales, as Brits continue to seek out bargains amid the cost of living crisis. The figure has risen from 20 per cent last year in the same period last year and is the highest over the past 12 months excluding Christmas and [...]
Decision due in appeal by Dyson firms over broadcast reference in libel case July 25, 2023 Two Dyson companies are due to find out if they have won a Court of Appeal bid over a judge’s ruling about whether a broadcast that alleged the exploitation of factory workers referred to the firms. Dyson Technology Limited and Dyson Limited, along with Sir James Dyson himself, sued Channel 4 and Independent Television News [...]
Unilever: New boss promises step-change after ‘flat volumes’ in half-year results July 25, 2023 Unilever made a modest profit in the first half of the year with turnover reaching €30.4bn (£26.2), as it was driven by sales in its personal care and beauty market.
Utilita boss: We’ve got ‘no faith’ in Ofgem’s ability to manage the market July 25, 2023 The price cap is still "the biggest single risk to supplier profitability," warned Utilita boss Bill Bullen, as he called for more household support.
A housebuilding revolution has many advantages – growth being one July 25, 2023 Go to tech conferences, and much of the buzz revolves around ‘Web 3.0,’ a catch-all term for the future of the internet that even when pushed most of its proponents struggle to define. Perhaps, then, we should be grateful that government continues to tootle along with plain-old 2.0. It’s two years or so since Rishi [...]
The Notebook: Kokou Agbo-Bloua on fashionomics, inflation musings and our broken food system July 25, 2023 Where interesting people say interesting things. Today it’s Kokou Agbo-Bloua, global head of economics, cross-asset & quant research and UK head of research at Societe Generale Fashionomics: The Good, The Bad and The Ugly Since the dawn of time, clothing has been an important part of our human experience. We lost our fur at least [...]
Credit Suisse hit with record £87m fine by UK bank regulator for Archegos failings July 24, 2023 Credit Suisse has been hit with a record £87m fine by the Prudential Regulation Authority (PRA) for its failures relating to the collapsed hedge fund Archegos Capital. The PRA criticised Credit Suisse’s “significant failures in risk management and governance” between the start of 2020 and the end of March 2021. “This is the PRA’s highest [...]
Qatar’s top Arabic wellness retreat offers loads that Western retreats don’t July 24, 2023 Could Middle Eastern wisdom be the answer to modern ill health? Lisa Kjellsson checks into Qatar’s royally appointed new wellness retreat to find out It’s not every day you come face to face with royalty, but at Qatar’s new uber-luxurious spa retreat, I’m shocked to see the queen sweep past with her small entourage, instantly [...]
FTSE 100 firms shutting out DIY investors with corporate mumbo-jumbo, investment platform warns July 24, 2023 Top UK bosses are shutting out amateur investors from the market by using corporate waffle and overly technical language in their shareholder communication, a top investment platform has warned.
The Seychelles holiday you need to book now July 24, 2023 The Seychelles is thriving. Adam Hay-Nicholls checks into a recent opening to find creative inspiration Seychellen luxury hotel Mango House will cause you to abandon your beach book and erect an easel. The charming staff have arranged for me not only a cold SeyBrew and towels, but a tray of acrylic paints. With the encouragement [...]