Supermarkets

Ocado lowers outlook as customers cut back

Ocado Retail Ltd has lowered its outlook for FY22 as revenue growth in Q4 is not expected to generate full-year…

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CMA deems Morrisons’ takeover of McColl’s ‘would not harm shoppers’

The Competition and Markets Authority (CMA) has found competition concerns in only a small number of local areas after launching…

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Waitrose admits to contract clauses which blocked rivals from opening stores

Waitrose has admitted to signing land agreements which included clauses that prevented rival supermarkets from setting up new stores near…

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Iceland boss halts store openings amid cost-of-living crisis

Iceland has reportedly contacted No 10 directly with a plea to prepare an “immediate and radical” cost-of-living package, according to…

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EG Group profits hit by cost-of-living crisis in Q2

The Issa brothers-owned EG Group has seen its profits slump in Q2, as earnings fell by 6.5% to $355m (£307m)…

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Motatos raises €38m to fund UK expansion

Discount supermarket Motatos has announced it has raised €38m (£33m) through a new share issue to existing shareholders. The financing…

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Sainsbury’s to invest £65m to help ease cost-of-living crisis

Sainsbury’s has announced the launch of its biggest ever September value offer, spending £65m across the business to “help ease…

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Brunello Cucinelli reports net profit of €50m

Casa di Moda Brunello Cucinelli has reported net profit of €50.6m (£43.4m) for the first half of 2022 ending June…

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Asda eyes £450m bid for Co-op’s petrol forecourts

Supermarket group Asda is reportedly preparing to make a £450m swoop on the Co-op Group’s petrol forecourt business, according to…

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Asda sees Q2 sales improve but remain down on 2021

Asda has revealed that it saw like-for-like sales in Q2 2022 ending June 30 fall by 1.9% year-on-year compared to…

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