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Jaguar is set to put one thousand staff members in the west midlands on three day weeks. Ralf Speth, CEO of Jaguar Land Rover, said that tens of thousands of jobs in the UK will be at risk if a no deal Brexit goes ahead. He said that he is unsure whether...
Coca Cola has confirmed interest in using a cannabis compound in some of its drinks. Kent Landers, who is a company spokesman for Coca Cola, has said that no decision had been made to move in to the cannabis market, but admitted that it was keeping a close eye on how...
Ocado’s revenue in the 13 weeks leading up to the 2nd September has grown by 11.5% to £348.6 million. Average orders per week grew by 11.4% to 283,000 and the average order value rose from £106.25 to £106.26. Ocado have said that they benefited from the extra capacity provided by its newest...
H&M group have said that its third quarter sales have grown by 9% year-on-year to 64,800 Swedish kronor. In a statement, H&M said: “The H&M group’s continuous transition, to face the major shift within the industry, has contributed to a gradually improved sales development and increased market share in many markets...
Sky news has reported that Aurora Fashions is speeding up plans to sell Coast due to the collapse of House of Fraser, where they hold a large number of concessions. Pricewaterhouse Coopers are to help Aurora with the sale. A spokesperson for Coast told Sky News: “We have been working with PwC...
John Lyttle will join Boohoo as their new chief executive in March next year. He is currently the chief operating officer at Primark. During Lyttle’s tenure, the online fashion retailer’s turnover increased by 158% to over £7 billion. Before Primark, Lyttle held senior positions at Matalan and Arcadia. Joint chief executive Mahmud...
Morrisons is set to introduce its own vegan ready meals late next month. They have said that they will be stocking bean ‘non carne’, an alternative to chilli con carne, ‘veggies in blankets’ and vegan cheese, which will include a dairy free Red Leicester, all under their own specialist label. David Potts,...
Habitat has opened its first standalone store in over 10 years with their new location at the Westfield London shopping centre. This will be followed by a new opening in Brighton in November. The store is part of Westfield’s new ‘Home’ hub, which houses a host of furniture and homeware retailers. The...
The Co-op group will be returning to the pharmacy sector this week by buying online prescription platform, Dimec. This comes four years after they ditched their bricks and mortar chemists. The agreement is expected to be announced alongside their half- year results on Friday, and is expected to cost a lot...
Morrison’s have announced a 29% fall in pre-tax profits up until August 5th, down from £200 million last year. This was due to a £51 million net adjustment, including a previously announced bond tender offer. Shares have fallen by more than 2.2% at the start of trading. Chief executive David Potts said: "Strong...
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