Supermarkets
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Jan- 2024 -31 January
Morrisons to sell 337 petrol forecourts in £2.5bn deal
Morrisons has revealed it has agreed a deal with Motor Fuel Group (MFG) to sell 337 Morrisons petrol forecourts (including fuel, convenience retail kiosk and ancillary services) in a £2.5bn deal. The agreement also includes the acquisition of more than 400 associated sites, across the UK, for Ultra-Rapid electric vehicle…
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30 January
Less shoppers stick to a weekly grocery shop routine, report finds
Just 16% of shoppers now report sticking to a weekly shop schedule, down from 26% in 2020, according to Savanta’s Grocery Eye report. The report has found that the weekly shop – a staple of domestic life for decades – appears to be “coming to a close” as cash-strapped and…
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29 January
Iceland boss backs Labour government
Richard Walker, managing director of Iceland and former Tory donor, has publicly backed Keir Starmer to be the next Prime Minister. Walker told The Guardian that the Labour leader understands how the cost of living crisis has put an “unbearable strain” on families. He wrote in the newspaper that Starmer…
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29 January
EY resigns as Asda auditor
Big Four firm EY has reportedly resigned as auditor of supermarket giant Asda after one of its senior partners started a romantic relationship with billionaire chief executive Mohsin Issa, according to the Telegraph. The report stated that EY had informed the grocer about its decision in June, but Asda did…
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26 January
M&S makes two new executive appointments
M&S has announced the appointment of Rachel Higham as its new chief digital and technology officer and Mark Lemming as managing director of international. Higham is currently chief information officer at WPP and will join the business later this year. Prior to joining WPP, Higham was managing director for IT…
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25 January
Co-op launches sustainability pilot for farmers
Co-op has announced a pilot scheme to financially reward farmers in its beef supply chain for sustainable farming practices. In partnership with its supplier Dunbia, the convenience retailer outlined plans to rapidly decarbonise its supply chain in a new ‘Beef Sustainability Pilot’, which will see farmers rewarded for reducing their…
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24 January
The Co-op to increase member-owners to 8 million by 2030
The Co-operative is looking to substantially increase the number of members-owners from five million to eight million by 2030. This new target follows the release of data, which showed that momentum in Co-op membership continued to grow significantly ahead of expectations. The Co-op now has five million active member owners,…
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24 January
Aldi to create 500 apprenticeship roles in 2024
Aldi has revealed it is looking to recruit over 500 new apprentices across the UK in 2024. The supermarket has opened applications for its apprenticeship scheme, with opportunities across stores, buying, logistics and HGV driver roles. The news comes after Aldi recently announced new rates of pay for all store…
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23 January
Morrisons nears £2.5bn sale of forecourt business
Morrisons is reportedly close to agreeing a deal to sell its forecourts business to Motor Fuel Group (MFG) in a £2.5bn, according to Sky News. MFG and Morrisons are both majority owned by American private equity firm Clayton Dubilier and Rice (CD&R). Reports of talks between the two companies emerged…
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23 January
Lidl rewards employees with £37m pay investment
Lidl GB has announced its latest investment of £37m into pay, which will see its 26,000 hourly-paid staff receive the “highest rates of pay in the sector”. From 1 March, the supermarket’s entry level rates will increase from £11.40 to £12.00 outside of the M25, rising to £13.00 with length…
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