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Deal would help Asda move into convenience retailing and cut costs at merged entity by about £100m, as well as reduce EG’s debtsAsda is finalising a deal to buy its sister business EG Group’s UK and Irish petrol forecourts in a deal worth £3bn, allowin…
Supermarket giant’s rival service Metro60 to be rebranded to MilkRun and take on folded startup’s customer baseFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastWoolworths…
But retailer faces challenging year as it expects to spend £100m extra on staff wages and £50m on energyMarks & Spencer profits have increased by more than a fifth, beating City expectations, with the retailer crediting the rise to improvements to …
Jeremy Hunt to meet food manufacturers over prices as Kantar says rate is still ‘incredibly high’UK food price inflation remains at its third-highest level since the financial crisis, with the annual rate at which the cost of groceries is increasing at…
Former CBI president and outgoing Tesco chair denies all but one of the claims as housebuilder says it has received no complaintsThe housebuilder Barratt Developments has said its chair will stand down to prevent the impact of the allegations against h…
Motion to adopt Better Chicken Commitment carried by 96%, but directors cited need for low pricesFeathers are flying at the Co-operative Group after thousands of its members voted to improve welfare for chickens reared for meat at the annual meeting on…
Cost of period products has risen and campaigners say saving is not being passed on by retailersThe Treasury is analysing whether the removal of the “tampon tax” – trumpeted last week by Rishi Sunak as one of the benefits of Brexit – has helped lower p…
John Allan, a prominent business leader and former CBI president, to leave role at AGM on 16 JuneJohn Allan will stand down as chair of Tesco after allegations of inappropriate behaviour.Allan, who has been chair of the UK’s biggest supermarket since 2…
Exclusive: Guy Singh-Watson says he will continue to be involved in the business and will pay full tax on dividendThe organic vegetable box company Riverford is to become 100% owned by its staff after its founder, Guy Singh-Watson, agreed to sell his r…
Supermarket is consulting about removing a 60p an hour supplement at 39 stores outside M25 despite the cost of living crisisAsda is planning to cut pay for about 7,000 workers in stores close to London by about 5% despite the surge in the cost of livin…