Supermarket inflation: Falling oil prices help keep costs down at the till Economics Thank goodness for the price of oil. No, not Brent crude – the stuff that has sent costs at the pump up sharply since the outbreak of war in Iran – but cooking oil. A 500ml bottle of rapeseed oil fell by an average of 14 per cent between April and May across three supermarkets [...]
FTSE 100 Live: Stocks slump as oil rises; Reeves tax hikes trigger borrowing boost Markets Good morning and welcome back to the Morning Wire liveblog. An extended ceasefire may have been announced in the Middle East, but its left markets with major appetite for further peace before investor sentiment recovers. Brent crude – the international benchmark for oil prices – was trading back over the $100 mark on Thursday morning. [...]
Sainsbury’s FTSE 100 shares highest since 2014 after Argos talks Retail Shares in FTSE 100 supermarket giant Sainsbury’s have surged to their highest value in more than a decade after it held brief talks to sell Argos to Chinese e-commerce giant JD.com. Sainsbury’s share price has jumped by almost five per cent in early trades this morning to 322p. The value is the company’s highest its [...]
Asda equal pay dispute advances as UK supermarkets look on nervously February 3, 2025 Asda workers equal pay can advance to the final legal stage after the Tribunal ruled some of their jobs are of equal value to the jobs in the distribution centres
Sainsbury’s to axe 3,000 jobs and close all in-store cafes January 23, 2025 Supermarket giant Sainsbury’s has confirmed plans to axe more than 3,000 roles as it prepares to close all its remaining in-store cafes. The major overhaul will cut two per cent of its current workforce, which stands at 148,000. The move will also make around 20 per cent of senior management roles at Sainsbury’s redundant. The [...]
Sainsbury’s ‘technical issues’ affecting online grocery deliveries March 16, 2024 Sainsbury’s has said it is experiencing “technical issues”