Tesco acquiring food wholesaler operator Booker Group for £3.7 billion
Tesco is acquiring the UK’s largest food wholesaler operator, Booker Group, in a £3.7bn deal set to expand the retailer’s exposure in the catering...
Asda was the UK’s cheapest supermarket for branded goods in 2016
The UK’s cheapest supermarket for branded goods in 2016 was Asda, according to consumer group ‘Which?’.
The consumer group looked at the average prices of...
UK government instructs Insolvency Service to fast-track its inquiry into BHS collapse
The UK government wants to expedite an investigation into the collapse of BHS last week – putting 11,000 jobs at risk.
The Insolvency Service...
Kingfisher posts 0.3% rise in adjusted pre-tax annual profits
London-based multinational retailer Kingfisher reported a 0.3 percent rise in annual profits after shutting 30 of its B&Q stores - beating expectations and sending...
BHS landlords and creditors agree to major rent cut plan
Landlords of BHS stores have been persuaded by the retailer to accept a new restructuring plan which will significantly cut the company’s rental bill.
BHS...
ASDA to spend 500 million pounds to win back customers
ASDA says it is to spend 500 million pounds to win back customers, thus launching 2016's first salvo of price cuts in a bitter retail war...
Prices in UK shops dropped in December, forecast to continue falling
According to the BRC-Nielsen Shop price Index, prices in UK shops dropped by 2% over the 12 months to December.
Non-food prices dropped 3...
Sainsbury’s has its eye on acquiring Home Retail Group
Sainsbury’s confirmed that it made a bid approach for Home Retail Group in November, but the retailer’s offer was rejected by the owner of...
Waitrose top own brand UK supermarket followed by Aldi
Waitrose was by far top UK supermarket for own brand products in 2015, followed by Aldi, Sainsbury’s and M&S, says Which?, Britain’s Consumer Association....
Amazon takes aim at UK supermarkets and widens grocery service
Amazon takes aim at UK supermarkets by dramatically widening its grocery service - known as Amazon Pantry – next year, the company’s UK boss...