FTSE 100
This coverage explores how FTSE 100-listed companies intersect with the UK retail sector, providing analysis of financial results, strategic shifts, leadership appointments, and market developments. The reporting is tailored for retail executives and managers seeking to understand the broader economic and competitive forces shaping retail through the lens of major publicly listed businesses.
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Oct- 2022 -14 OctoberSupermarkets
Ocado shares rise amid Kroger merger talks
Ocado shares have risen over 10% after reports that its largest technology client, Kroger, was in talks with US supermarket operator Albertsons over a potential merger, which could see Ocado expand its presence in the US. Following reports from Bloomberg over a potential merger, the company rose to the top…
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Sep- 2022 -16 SeptemberNews
B&M confirms CEO departure date
B&M has confirmed that Alex Russo will succeed Simon Arora as group chief executive officer on 26 September, the commencement of the second half of its financial year. The takeover was first announced on 31 May 2022, after Arora had announced his intention to step down as CEO on 22…
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Aug- 2022 -18 AugustPeople Moves
B&M names former KPMG-head as non-executive director
B&M has appointed Oliver Tant as a non-executive director, effective 1 November 2022, and he will succeed Ron McMillan as chair of the Audit and Risk Committee at the conclusion of the Company’s AGM in July 2023. The appointment is subject to shareholder approval, and by this time, McMillan will…
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Jan- 2022 -25 JanuarySupermarkets
Tesco agrees partnership with Alcumus
Tesco has partnered with Alcumus, a business aimed at providing software-led management solutions for managing health, safety and ESG. Alcumus said it will provide Tesco with a “fully integrated, digital technology platform that will bring together operational and risk management information, processes and workflows, allowing the growing multinational business to…
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Nov- 2021 -22 NovemberDepartment Stores
US equity firm Apollo examines potential M&S buyout
US private equity firm Apollo has reportedly been considering a buyout of Marks and Spencer, after initially considering it to be undervalued. According to the Sunday Times, it said city sources believe that Apollo considered M&S to be a “bargain” and that the impact of Covid-19 had unfairly “weighed down”…
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Sep- 2021 -2 SeptemberPeople Moves
Next names Soumen Das as non-exec director
Next has announced the addition of Soumen Das to the group’s board as an independent non-executive director. Effective as of 1 September, Das’ appointment is set to strengthen the board’s knowledge and experience of the UK property and capital markets. His sector expertise is intended to replace that of Francis…
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Mar- 2021 -5 MarchSupermarkets
Morrisons could drop out of FTSE 100, say analysts
Morrisons is reportedly set to fall out of the FTSE 100 for the first time in half a decade, according to The Guardian. Retail analysts predict that the public’s overspending on groceries, resulting from consumer shifts during the pandemic, will begin to wane in the coming months. With the quarterly…
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Apr- 2020 -30 AprilBusiness Bites
Coronavirus treatment hopes push stock markets up, and ‘Spoons to reopen in June
Investors are chirpy this morning amid hopes of a new coronavirus treatment that has been described as promising by the USA’s top infectious disease official, Dr Anthony Fauci. The experimental drug, called remdesivir, is produced by an American biopharmaceutical firm called Gilead Sciences, and is reckoned by US regulators to…
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27 AprilBusiness Bites
Lockdown to persist says Johnson, clergy weigh in on behaviour of corona-corporations
The PM is back at his desk and says the lockdown must continue for the foreseeable future, and it would be premature to consider lifting now. After having been struck down with COVID-19 himself – and ending up in intensive care – the premier has finally convalesced and spoke from…
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Mar- 2020 -13 MarchAnalysis
BT’s boss catches it, markets rebounding, pain medication prices spike
Today I am going to rattle through a wider selection of stories than normal because the spread of the virus is hitting so many sectors hard, with key figures in the business community affected. The markets are recovering some of their losses this morning after having their worst selloff since…
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