Lidl to repay more than £100m to UK
4th Dec 2020 11:03
(Sharecast News) - Lidl said it would repay more than £100m of business rates relief to the UK, adding to more than £1.8bn of refunds announced in the past two days.
Read moreAsda joins growing list of grocers to repay rates relief cash
3rd Dec 2020 13:45
(Sharecast News) - Asda is to repay the £340m it received in business rates relief, the latest supermarket chain to do so, the retailer confirmed on Thursday.
Read moreAldi joins list of supermarkets to repay rates relief
3rd Dec 2020 11:00
(Sharecast News) - Aldi has become the latest supermarket chain to hand back business rates relief, the discounter confirmed on Thursday.
Read moreSainsbury's to repay more than £400m in business rates relief
3rd Dec 2020 07:01
(Sharecast News) - Sainsbury's on Thursday became the latest supermarket to bow to pressure and repay more than £400m in business rates relief received from the government to help cope with the coronavirus pandemic.
Read moreTesco to repay £585m business rates relief
2nd Dec 2020 07:01
(Sharecast News) - Tesco said it would repay £585m of Covid-19 business rates relief to the UK after Britain's supermarkets came under pressure to return the money.
Read moreSainsbury's confirms 'very preliminary' expressions of interest in banking arm
17th Nov 2020 12:15
(Sharecast News) - Sainsbury's said on Tuesday that it has received "some very preliminary expressions of interest" in its banking unit.
Read moreSunday newspaper round-up: Restrictions, Brexit, Pennon
15th Nov 2020 21:43
(Sharecast News) - Today's death toll, which is usually lower on Sunday and Monday due to weekend reporting lags, is up by just 12 from last Sunday - in a sign that fatalities may be flattening out. It comes after the head of the Office for National Statistics said that growth in infections is 'slowing' too. Some 24,962 new confirmed cases of coronavirus were reported today- just five more than last Sunday. Professor Sir Ian Diamond says that while there remains an increase in the number of Covid cases, the data shows a 'slowdown in the rate of growth', providing a small ray of hope for an end to harsh countrywide restrictions. - Financial Mail on Sunday
Read moreUK grocery sales rise but shoppers resist stockpiling
10th Nov 2020 10:42
(Sharecast News) - Grocery sales continued to grow in October, but there was little evidence of stockpiling ahead of the second national lockdown, industry research showed on Tuesday.
Read moreSainsbury's to axe 3,500 jobs in stores revamp, Argos closures
5th Nov 2020 07:01
(Sharecast News) - Sainsbury's said it was axing up to 3,500 jobs as part of a shakeup of its fresh fish and meat counters and Argos stores while reporting a 6.9% rise in first-half retail sales.
Read moreSunday newspaper round-up: Furlough scheme, National lockdown, Food banks
1st Nov 2020 16:34
(Sharecast News) - The chancellor dramatically extended his furlough scheme last night, just hours before it was due to end, bowing to demands from business leaders for more financial support throughout the new four-week lockdown in England. Rishi Sunak said the decision was necessary because of the return of "stay at home" restrictions to contain Covid-19. News of the new lockdown, first reported by The Times, had sparked fury from bosses. "We will do whatever it takes as the situation evolves," Sunak said. - Sunday Times
Read moreWaitrose and Co-Op join price war, cut prices for essential goods by 15%
21st Oct 2020 10:12
(Sharecast News) - Waitrose and Co-Op are cutting prices of essential goods by an average of over 15% ahead of a Christmas that will likely bring more economic travails for customers.
Read moreAsda launches green strategy to cut single-use plastics
20th Oct 2020 09:52
(Sharecast News) - Asda launches fruit and vegetable strategy in new sustainability store to try to cut down on single-use plastics and promises "greener" products without packaging at the same price.
Read moreSector movers: Utilities and Food retailers sought out as Covid-19 cases climb
13th Oct 2020 15:46
(Sharecast News) - Stocks were pummeled on Tuesday as concerns mounted that the rising rate of Covid-19 infections might force the government into tightening lockdown measures further, on top of a day fraught with nervousness around the ongoing Brexit talks with Brussels.
Read moreUK grocery sales rise as Covid-19 restrictions bite
13th Oct 2020 07:42
(Sharecast News) - UK grocery sales jumped in September, industry data showed on Tuesday, as more stringent restrictions were introduced to tackle the resurgence in Covid-19.
Read moreGrocery spending slows as shoppers dine out during August
15th Sep 2020 11:13
(Sharecast News) - Around £155m was wiped off UK grocery sales in August, industry research showed on Tuesday, as consumers took advantage the government's Help Out to Eat Out scheme and the easing of lockdown restrictions.
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