Supermarkets

Iceland boss halts store openings amid cost-of-living crisis

Iceland has reportedly contacted No 10 directly with a plea to prepare an “immediate and radical” cost-of-living package, according to…

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EG Group profits hit by cost-of-living crisis in Q2

The Issa brothers-owned EG Group has seen its profits slump in Q2, as earnings fell by 6.5% to $355m (£307m)…

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Motatos raises €38m to fund UK expansion

Discount supermarket Motatos has announced it has raised €38m (£33m) through a new share issue to existing shareholders. The financing…

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Sainsbury’s to invest £65m to help ease cost-of-living crisis

Sainsbury’s has announced the launch of its biggest ever September value offer, spending £65m across the business to “help ease…

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Brunello Cucinelli reports net profit of €50m

Casa di Moda Brunello Cucinelli has reported net profit of €50.6m (£43.4m) for the first half of 2022 ending June…

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Asda eyes £450m bid for Co-op’s petrol forecourts

Supermarket group Asda is reportedly preparing to make a £450m swoop on the Co-op Group’s petrol forecourt business, according to…

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Asda sees Q2 sales improve but remain down on 2021

Asda has revealed that it saw like-for-like sales in Q2 2022 ending June 30 fall by 1.9% year-on-year compared to…

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Asda to remove ‘best before’ dates on produce

Asda has announced plans to remove the ‘best before’ dates on almost 250 of its fresh fruit and vegetable products…

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Iceland’s debt rating downgraded as it falls to pre-tax loss

Iceland’s debt rating has been downgraded by Moody’s as its newly filed accounts showed Iceland Foods fell to a pre-tax…

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Co-op Group appoints Shirine Khoury-Haq as CEO

The Co-op Group has announced the appointment of Shirine Khoury-Haq as the supermarket chain’s new CEO.  Allan Leighton, chair of…

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