Business

Morrisons’ share price soars 30% on takeover offer

“All three – Morrisons, Sainsbury’s and Tesco – have seen costs rise as a result of Covid, and while in the case of Morrisons profits halved last year, like-for-like sales growth remained resilient in its first quarter, rising 2.7%, despite the tough comparatives of last year, when sales surged for all three as people stockpiled […]

Business

New flexible tickets go on sale for part-time commuters

For example they would like to see more use of the tap-in, tap-out technology, used on the London Underground, which allows travellers to accumulate journeys and pay the price for a season ticket if they reach the threshold, without having to know their plans in advance and pre-purchase a season ticket. https://www.bbc.co.uk/news/business-57547391

Business

Fake ads on Facebook spoil real life fairy story

“Third party sellers are independent businesses and are required to follow all applicable laws, regulations, and Amazon policies when listing items for sale in our store”, Amazon said, adding that anyone violating those policies would face action including “potential removal of their account”. https://www.bbc.co.uk/news/business-57487193

Business

Retail sales fall in May as shoppers dine out

Paul Dales, chief UK economist at Capital Economics said that while the 1.4% fall in retail sales was “disappointing”, he said it “may not mean that overall consumer spending is much weaker than we have been expecting if there was just a bigger shift in spending from the shops to the pubs as indoor hospitality […]

Business

Victoria’s Secret mulls return of new look show

Ms Rapinoe, an LGBTQIA+ activist, was more blunt in her assessment of the company’s past image, describing it as “patriarchal, sexist, viewing not just what it meant to be sexy but what the clothes were trying to accomplish through a male lens and through what men desired”. https://www.bbc.co.uk/news/business-57508848

Business

Meat sector warns of Brexit production squeeze

“Just like the pandemic, which encouraged huge numbers of Brits to cut back on the amount of animal products they’re eating, this labour shortage could potentially spark much needed change, and be a positive outcome for animals and the environment,” a Vegan Society spokeswoman said. https://www.bbc.co.uk/news/business-57512243

Business

Scotch whisky tariffs suspended in UK-US trade deal

Helen Brocklebank, chief executive of Walpole, which represents the likes of Alexander McQueen, Claridge’s and Harrods, said it looked forward to the deal “resulting in the permanent removal of these punitive tariffs, which should never have been inflicted on the luxury sector”. https://www.bbc.co.uk/news/business-57510112