Sunday newspaper round-up: SVB, Melrose, Tesco
12th Mar 2023 18:11
(Sharecast News) - Silicon Valley Bank's demise does not pose a systemic risk to the UK's financial services sector, Rishi Sunak said on Sunday, even as he committed himself to finding a way to keep hundreds of UK tech outfits from going bust. The US lender was believed to have "several thousand" business customers in the UK, many of which relied on their deposits at SVB to pay staff and suppliers. Ministers' concern was that many of those businesses might go under lest some sort of bail out could be thrashed out, inflicting serious harm on the country's technology sector. The Prime Minister added that the Treasury was working at pace to find a solution that would provide operational liquidity for people's cash flow needs. - The Sunday Times
Read moreTesco sounding out candidates to succeed chair John Allan - report
9th Mar 2023 11:08
(Sharecast News) - Tesco has reportedly begun sounding out candidates to replace long-serving chairman John Allan.
Read moreJefferies upgrades Tesco, Kingfisher
6th Mar 2023 11:42
(Sharecast News) - Jefferies has upgraded Tesco and Kingfisher, as part of a wider review of its UK retailer ratings.
Read moreTesco buys Paperchase brand
31st Jan 2023 12:29
(Sharecast News) - Tesco confirmed on Tuesday that it has bought the brand and related intellectual property of collapsed high street stationer Paperchase.
Read morePaperchase goes into administration
31st Jan 2023 11:20
(Sharecast News) - Stationery chain Paperchase collapsed into administration on Tuesday.
Read moreGrocery inflation surges to 16.7%
31st Jan 2023 09:54
(Sharecast News) - Grocery inflation soared to a fresh record in January, industry data showed on Tuesday, adding nearly £800 to annual food bills.
Read moreTesco to snap up Paperchase brand - report
31st Jan 2023 09:21
(Sharecast News) - Supermarket chain Tesco is reportedly planning to snap up the Paperchase brand.
Read moreTesco shake-up to affect 2,100 jobs
31st Jan 2023 09:14
(Sharecast News) - Tesco announced plans on Tuesday to shake-up management and close food and hot deli counters that will affect around 2,100 jobs.
Read moreTesco posts bumper festive sales
12th Jan 2023 07:00
(Sharecast News) - Tesco reiterated full-year profit guidance on Thursday as the supermarket chain posted strong Christmas sales.
Read moreFestive demand boosts supermarket sales
10th Jan 2023 13:34
(Sharecast News) - Grocery sales jumped in December, industry research showed on Tuesday, as shoppers splashed out on last-minute festive treats.
Read moreRecord inflation sees supermarket sales spike
13th Dec 2022 11:26
(Sharecast News) - Supermarket sales surged last month, industry data showed on Tuesday, driven by historic levels of food inflation.
Read moreGrocery inflation nudges lower for first time in 21 months
6th Dec 2022 09:52
(Sharecast News) - Food inflation eased marginally in November, industry data showed on Tuesday, the first decline in nearly two years.
Read moreFast food delivery workers to strike at Tesco division
24th Nov 2022 11:33
(Sharecast News) - Around 400 fast food delivery workers employed by a division of Tesco have voted to take strike action, it was reported on Thursday, in the latest pay dispute amid Britain's cost-of-living crisis.
Read moreLidl attracts £58m more spending from big four grocers
17th Nov 2022 12:24
(Sharecast News) - Discount grocer Lidl claimed in an update on Thursday that British shoppers had switched £58m worth of spending from the 'big four' supermarkets - Tesco, J Sainsbury, Asda and Wm Morrison - to its cut-price aisles over the last month.
Read moreShop price inflation hits fresh high
8th Nov 2022 07:37
(Sharecast News) - Grocery inflation has soared to a fresh record of nearly 15%, industry data showed on Tuesday, adding hundreds of pounds to annual shopping bills.
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