Mansion House: UK giants to agree to pick high-return pension schemes July 14, 2025 UK giants Tesco and NatWest Group are set to answer Canada Lord Mayor’s calls to focus on driving returns rather than getting bogged down by fee costs when picking pension schemes for employees. Ahead of the Mansion House speech on Tuesday, the Lord Mayor criticsed UK companies for choosing providers that charged [...]
The Capitalist: Inside Tesco Clubcard’s 30th birthday rave July 10, 2025 Tesco opens a Soho nightclub, finance bros battle it out at The Lord Mayor's Cup, and a Lord's warm-up dinner; catch up on the latest gossip.
Streeting’s junk food crackdown labelled ‘nanny state mission’ June 29, 2025 Retail bosses have hit out at a government plan to stop supermarkets from selling junk food in favour of fruit and vegetables as a “nanny state” policy that would add to red tape faced by high street shops. Under new plans to tackle the NHS’s £11.4bn obesity bill, the government will set supermarkets a “healthy [...]
Sunny spring boosts grocers as Brits buy 2,400 packs of strawberries every minute June 24, 2025 The UK’s unusual burst of sun boosted purchases of fruit and ice lollies this spring, although food inflation continued to soar at the UK’s grocers. Higher prices for fresh meats, chocolate and butters drove food inflation to 4.7 per cent, its highest level since February 2024, according to data insights group Kantar. But Fraser McKevitt, [...]
Morrisons boosts sales amid looming ‘trolley wars’ June 19, 2025 Supermarket giant Morrisons has posted an increase in sales as it works to offload debt and compete in an ever-tougher sector. Like-for-like sales rose 3.9 per cent in the second quarter of the year, while total sales grew 4.2 per cent to £3.9bn. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) increased 7.2 per [...]
Tesco is tightening its grip on the UK supermarket crown June 12, 2025 Tesco has boosted market share again as it outperforms peers in the ever-more competitive UK grocery space. In its first-quarter results this morning, the supermarket giant reported a 5.9 per cent uplift in food sales and a 6.2 per cent rise in home and clothing sales. Tesco now has 28 per cent of the UK [...]
FTSE 100 seals record high after shaking off investor nerves June 12, 2025 The FTSE 100 finally sealed a new record closing high on Thursday after falling a whisker short the previous two trading sessions. The UK’s flagship index rose 0.2 per cent to – besting March’s record of 8,871.31. The index also beat its previous intraday high after hitting 8,892.36 in afternoon trading. Endeavour mining topped the [...]
Tesco: Supermarket giant widens market share amid price war June 12, 2025 Supermarket juggernaut Tesco delivered an upbeat trading statement for the first three months of the year as the price war in the competitive UK grocery market rumbled on. Food sales at the grocer were up 5.9 per cent year-on-year led by a strong performance in fresh food. Meanwhile, non-food sales climbed 6.2 per cent after [...]
Tesco shareholders eye returns as ‘awful April’ bill hikes set to hit profit June 8, 2025 Tesco shareholders will be watching closely for signs that it is managing to fend off competition as the supermarket price war heats up and “awful April” bill hikes eat into household income. The UK’s biggest supermarket chain will unveil its financial results for the first three months of its financial year on Thursday. Tesco recently [...]
Is Asda’s ambitious turnaround starting to bear fruit? May 29, 2025 Asda has had a tumultuous year and a half. Since January 2024, the supermarket giant has undergone numerous leadership changes, IT issues, and sales woes. Its troubles began back in 2021, when it was bought in a debt-fuelled takeover by the billionaire Issa brothers – who have since departed the board – and private equity firm [...]