Tesco

Grocery sales jump 5% as food price inflation falls

Total grocery sales increased 5.1% to £35.3bn for the four weeks to 18 February 2024, as grocery price inflation fell…

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Today’s news in brief-16/2/24

In January 2024, the UK experienced a significant rebound in retail sales, rising by 3.4% following a 3.2% decline in…

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John Lewis bolsters board and audit committee

John Lewis Partnership has announced the appointment of Clare Swindell to its board of directors and Jane Hanson CBE as…

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Tesco boss calls for youth employment reform

Tesco CEO Ken Murphy has called on the government to make youth employment a priority, claiming the apprenticeship levy is…

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Today’s news in brief-9/2/24

Retail giant Tesco has finalised the sale of its banking arm to Barclays in a £600m deal. The partnership aims…

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Tesco sells banking arm to Barclays in £700m deal

Tesco has announced the sale of its banking arm to Barclays in a £700m deal. Initially for a 10-year period,…

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Jan supermarket sales remain buoyant

Total Till sales at UK supermarkets experienced continued growth (+6.6%) in the last four weeks ending 27 January 2024, according…

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Today’s news in brief-1/2/24

Lloyds Pharmacy, now known as Diamond DCO Two Limited, entered voluntary liquidation, owing £293m to 514 creditors. The liquidation process…

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Ikea UK turnover hits £2.5bn as profits double in FY23

Ikea UK has seen turnover hit £2.46bn in FY23, with total sales up by 11.9%, as operating profits almost doubled…

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It’s not all just fun and games

The UK toy industry reported that its annual sales dropped by nearly £200m in 2023. Sales dropped by 5% to…

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