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CMA says it has found evidence retailers are putting up petrol and diesel prices to unnecessarily high levelsThe competition watchdog is to question supermarket bosses after finding evidence that retailers have increased fuel prices to unnecessarily hi…
Retailer parts ways with Adam&eveDDB as it attempts turnaround after slumping to a lossThe owner of John Lewis and Waitrose has replaced its advertising partner of 14 years with Saatchi & Saatchi, the agency famous for its 1979 election “Labour…
It’s hard to see the PM’s talks with farmers, store chiefs and the (rumoured) odd TV star producing concrete proposalsFarmers throwing in the towel amid soaring costs and labour shortages and falling domestic production of some foods have resulted in r…
As shoppers faced price rises, Ken Murphy’s basic salary rose, although his overall pay package fell The boss of Tesco earned almost £4.5m last year despite profits halving and price rises for shoppers.Ken Murphy’s total £4.4m package compared with £4….
Investors, who have wiped out 90% of THG’s market value since September 2020, react to the latest developmentTHG has ended talks about a possible takeover bid by Apollo saying the private equity company’s offer is an inadequate valuation of the online …
Chair vows retailer will stay employee-owned after row over reported plans to sell stake in partnership to investorsThe boss of John Lewis pledged the group would always remain employee-owned “no ifs no buts” after staff members backed her to continue …
‘Challenging trading backdrop’ for online fashion retailer, with sales dropping more than expectedAsos has dived £291m into the red after sales slumped in what the online fashion retailer called a “challenging trading backdrop” as shoppers returned to …
Jithender Ballepu says more staff and funding would be needed and has concerns about passing antibiotics over the counterThere is no plaque outside the Bassett Pharmacy in Southampton to indicate this was once run by the prime minister’s mum but there …
Sharon White wants to bring in investors to build flats above stores, potentially leading to the sale of stake in the businessThe boss of John Lewis will face a confidence vote by staff members on Wednesday as the business considers the option of raisi…
Financial Reporting Council to look at group’s 2021 accounts, a year before it went into administrationOne of the UK’s biggest advisory firms, Deloitte, is under investigation by the UK’s accountancy watchdog in relation to its audit of fashion group J…