Author: Scott Dylan

Frasers Group has expanded its property portfolio by acquiring three new shopping centres across the UK.The company has purchased the Princesshay Shopping Centre in Exeter, strengthening its retail presence.Kent’s Fremlin Walk Shopping Centre will now host a new Frasers flagship and a Flannels store.The Olympus Centre in Gloucester is also part of the new acquisitions made by Frasers.Frasers Group’s CEO stated these purchases are key to revitalising the UK’s high streets.Frasers Group has strategically expanded its property holdings with the acquisition of three major shopping centres across the United Kingdom. This move solidifies its commitment to enhancing its physical retail…

Tesco is boosting its Christmas delivery services for 2024, ensuring enhanced accessibility for customers.The supermarket has expanded its delivery slots, adding thousands more in the two weeks leading up to Christmas.Tesco has increased its fleet with 60 additional delivery vans to manage the festive demand.Tesco’s ‘Whoosh’ service sees an uplift with increased capacity specifically for Christmas Eve.Early access to delivery slots is available to those on the Delivery Saver plan, offering a distinct advantage.Tesco is significantly enhancing its delivery services this Christmas season by adding thousands of new delivery slots in the critical fortnight leading up to the festivities. This…

Tesco has achieved its largest market share in seven years, reaching 28% as of 2024.The supermarket giant reported a 10% rise in half-year profits alongside a 4% increase in sales.Despite its success, Asda’s market share has declined to 12.6%, down from 13.7% last year.Ocado continues to be the fastest-growing online grocer, with a 10% sales increase.Grocery price inflation rose to 2% in September, with notable discounts on select items.In a clear testament to its strategic acumen, Tesco has expanded its market share to 28%, marking its most significant foothold since 2017. This accomplishment is underscored by a 10% increase in…

Greencore has once again revised its profit expectations upward following a robust fourth-quarter performance.In the fourth quarter of 2024, Greencore’s like-for-like sales witnessed a significant increase of 3.7%.The company now anticipates its annual profits to range between £95 million to £97 million.This represents an increase from its previous forecast of £88 million to £90 million in July 2024.Price adjustments and market conditions contributed significantly to this optimistic outlook.Greencore has adjusted its full-year profit guidance upward, reflecting stronger-than-anticipated sales in the last quarter of 2024. The company, known as the UK’s largest sandwich maker, recorded a substantial 3.7% increase in like-for-like…

Loungers is expanding with plans for 18 new branches as it sees significant sales growth in the first half of the year.The Bristol-founded company has reported like-for-like sales growth of 4.7%, reflecting its robust performance in the hospitality sector.Loungers’ total revenue for the latest period was £178.3m, marking a substantial 19.2% increase from the previous year.The firm’s Ritorno Lounge in Bristol has become its most successful new site launch in 22 years.CEO Nick Collins attributes the growth to a variety of factors, including consumer confidence and the company’s flexible offerings.The hospitality chain Loungers is set to broaden its footprint by…

Central Group has formed a strategic partnership with Saudi Arabia’s Public Investment Fund (PIF) to acquire Signa’s interest in Selfridges Group.The acquisition results in Central Group holding a 60% stake, while PIF owns 40% of Selfridges Group.Both companies will inject new capital to enhance Selfridges Group’s financial stability.The investment aims to drive future development and growth for the Selfridges Group.Signa faced financial difficulties, prompting restructuring and the eventual sale of its stake.Thailand-based conglomerate Central Group, in a strategic partnership with Saudi Arabia’s Public Investment Fund (PIF), has successfully negotiated a buyout of Signa’s interest in Selfridges Group. This development marks…

Tesco and Sainsbury’s have captured increased market share this month.Tesco’s market share reached its highest since 2017, now at 28%.Sainsbury’s boosted its market share to 15.2% after a sales rise.Asda saw a significant decline in market share, falling to 12.6%.Efforts are underway at Asda to refocus and address financial strains.Tesco, the largest supermarket in Britain, has achieved a notable increase in its market share, reaching 28% in the latest quarter. This represents the highest market penetration for the company since December 2017, marking a 0.6 percentage point rise, attributed to a sales growth of 5.2% over a twelve-week period.Sainsbury’s, following…

The Confederation of British Industry (CBI) advocates for significant tax reductions to stimulate growth in the electric vehicle and heat pump sectors, aiming to accelerate the UK’s net zero ambitions.In a bold move, the CBI proposes a reduced corporation tax rate alongside other green investment incentives to attract significant investments despite current economic challenges.Proposed Tax IncentivesThe CBI has put forward a proposal to slash the corporation tax for companies in the electric vehicle (EV) and heat pump industries to an unprecedented 10%, down from the usual 25%. Such a change aims to enhance the UK’s competitiveness in the green technology…

Shein’s rapid revenue growth in the UK highlights its aggressive market strategy.Revenues for 2023 reach £1.6bn, nearly doubling from the prior period.Significant profit increase positions Shein as a leading UK e-commerce entity.Amidst scrutiny, Shein shifts IPO focus from New York to London.Concerns over supply chain and labour practices challenge its expansion.In 2023, Shein experienced a substantial rise in its UK revenues, achieving a turnover of £1.6 billion, constituting a remarkable near-doubling from the previous 16-month reporting period that ended in December 2022. This substantial increase in revenue underscores Shein’s aggressive market strategy as it prepares for a major IPO listing…

The UK government has initiated a strategic move to streamline regulatory processes through the establishment of a new office.The Regulatory Innovation Office (RIO) is designed to update rules to accommodate emerging technologies and accelerate approvals.Science Minister Patrick Vallance highlighted the complexity businesses face with the current regulatory framework.Vallance referenced the agile adjustments of the MHRA during the pandemic as a model for the RIO’s operations.Key sectors targeted by the RIO include engineering biology, space technology, and autonomous vehicles.In an effort to streamline and modernise the regulatory landscape, the UK’s Department for Science, Innovation and Technology (DSIT) has introduced the Regulatory…