The retailer is poised to return to growth later this year, according to Kantar Worldpanel’s research, but the grocer’s marketing has provoked a backlash
Category: News Wire
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UK investment funds suffered £5.7bn outflows after Brexit vote
Some of the money appears to have been redeployed to other types of UK funds specialising in assets regarded as less risky, such as corporate and government bonds
Warm weather boosts supermarket sales
Summer sales of supermarket groceries rose by 0.3%, with German discount chains Lidl and Aldi showing the largest gains in market share, according to industry data.
Former Barclays banker ‘invests in marijuana farm’
Roger Jenkins, once known for Middle Eastern deals as one of the highest-paid bankers at Barclays, is swapping dollars for ounces as the Briton invests in a marijuana venture in his adopted home of California, according to people familiar with the plans.
More than 1.5m UK households in extreme debt
Britain in the Red study finds that people are struggling to make repayments as wages have fallen since financial crisis
HSBC thinks Theresa May will go on a £50bn spending splurge
The government could borrow an extra £50bn to go on an infrastructure spending spree in a bid to pep up the economy, economists at HSBC believe.
Dominic Chappell used £1.5m BHS loan to pay off family mortgage
Home of former owner was on brink of repossession before interest-free sum from retail giant paid off debts
Taxpayer money paid to private landlords doubles over 10 years, reaching almost £10bn
The National Housing Federation calculates that £9.3bn of the £24bn housing benefit last year went to landlords in the private rented sector, up from just £4.6bn in 2005/06.
Smaller firms take £4bn hit from suppliers
The UK’s small firms are battling against contract terms with suppliers that have cost them over £4bn in the last three years.
Port Talbot posts healthy profit but no relief for under-threat staff
Tata’s giant Port Talbot steel plant has clawed itself back into profit as staff strain to boost efficiency despite having no idea whether their jobs are safe.
The City pushes for Swiss-style Brexit
The City is pushing for a bespoke Brexit deal amid rising fears that maintaing full access to the EU single market will be impossible.
UK consumers overpay staggering £18.7bn on energy bills
As many as 15 per cent of people have stayed with the same provider for more than fifteen years, at an average cost of £3,000
Bebo founder thought Devon village looked depressing – so he’s bought it
Tycoon Michael Birch, the mega-rich founder of the social networking website, is currently pouring millions into a dying village… because he has childhood memories there.
Airports start exchanging less than one Euro for each Pound
MoneyCorp at Stansted this week offered a rate of €0.9915 and ICE at Luton offered €0.990
Uber takes TfL to high court over English written test
Taxi-hailing app said Transport for London had moved the goalposts over requirements for new drivers
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