Supermarkets

New Asda owners considering £3bn George sale

The Issa brothers, the new owners of ‘Big Four’ grocer Asda, are reportedly considering a £3bn sale of its clothing…

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Tesco profits soar despite coronavirus hit

Tesco has welcomed a surge in profits, with pre-tax profit soaring by 28.7% to £551m in the first-half of its…

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Waitrose eats into Ocado’s market share despite M&S deal

Waitrose has reportedly stolen some online market share from its former partner Ocado in the first few weeks of Ocado’s…

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Asda sold at £6.8bn to billionaire Issa brothers

Walmart has confirmed the Issa brothers and TDR Capital have taken equal shareholdings in an acquisition of Asda which values…

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£3bn tariff ahead for UK retailers and consumers, warns BRC

Supermarkets and their customers could face £3bn a year of tariffs on food and drink if a free trade deal…

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Aldi to create 4,000 jobs as sales surge

Aldi has pledged to invest £1.3bn over the next two year with new stores, distribution centres and further business innovations,…

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Morrisons reveals new delivery measures as restrictions return

Morrisons has revealed a set of new home delivery measures as lockdown restrictions return following the government’s announcement earlier this…

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Waitrose to remove shrinkwrap plastic from all tinned goods

Waitrose has begun the total removal of shrinkwrap plastic from its own-label tinned grocery products in a bid to axe…

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Lone Star drops out of Asda race

US private equity firm Lone Star has reportedly dropped out of the £6.5bn race to acquire Asda from Walmart. According…

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Co-op H1 sales surge 8.8% but profits dented by Covid costs

Grocery chain Co-op saw has revealed that like-for-like sales for the six months of the year increased by 8.8% as…

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