Month: July 2018
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Jul- 2018 -10 JulyEconomy
Poundland founder prepares Poundworld bid after Chris Edwards pulls out
The founder of Poundland, Steve Smith, is preparing a bid for embattled rival Poundworld after Chris Edwards, the latterโs founder,…
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10 JulyOnline & Digital
Ocado reports ยฃ9m half-year loss amid heavy investment
British online supermarket, Ocado, has reported a ยฃ9m loss in its half-year financial results amid a period of heavy investment.…
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10 JulyPeople Moves
Tesco UK boss Charles Wilson resigns due to cancer diagnosis
Charles Wilson, CEO of Tesco UK and Ireland, has announced that he is to step down from the board after…
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10 JulyGovernment
Home Bargains โunderpaid staff ยฃ272kโ
Discount retailer TJ Morris Limited, trading as Home Bargains, has failed to pay the national minimum wage to its staff…
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9 JulyEconomy
200,000 companies sued over business rates
Over 200,000 businesses were taken to a Magistrates court for failing to pay for businesses rates under the first year…
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9 JulySupermarkets
Costcutter rejects Co-opโs ยฃ15m takeover bid
The parent company of Costcutter, Bibby Line, has rejected a ยฃ15m bid from the Co-op which would have resulted in…
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9 JulyGovernment
Asda CEO: Hard Brexit could have โsignificant consequencesโ for food supply and quality
Asda CEO Roger Burnley has expressed his concerns that a โhardโ Brexit could have โsignificant consequencesโ for food supply and…
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9 JulyClothing & Shoes
Matalan continues strong performance with 4.9% revenue boost
Fashion and homeware retailer Matalan has reported a 4.9% increase in revenue for the 13 weeks ending 26 May 2018.…
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9 JulyHigh Street
Mothercare adds 10 store closures to CVA after Childrens World administration
Mothercare has earmarked another 10 stores for closure as part of its CVA bringing the total to 60 stores, after…
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6 JulyEconomy
UK Treasury rejects retailersโ business rates reform calls
The UK Treasury has today rejected calls from retailers who say business rates should be reformed to create a level…
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