Tesco challenge Sainsbury’s during CMA hearing

Tesco challenge Sainsbury’s during CMA hearing

The supermarket giant Tesco has said that the proposed merger of Sainsbury’s and Asda should not go ahead unless ‘extensive remedies’ are provided as a result of the move. The remarks from Tesco were made during a hearing with the Competition and Markets Authority...
Eight new Aldi stores open across UK

Eight new Aldi stores open across UK

Aldi has opened eight new stores in one day, with 24 stores overall expected to have opened by the end of December, with around 840 new jobs created. The new stores in Islington, Glasgow, Chellaston, Eckington, Longridge, Oldham, Skelton and Bodmin are part of a...
Food prices could rise by 10% warns Bank of England

Food prices could rise by 10% warns Bank of England

In a Treasury Committee meeting, taking place on 4th December, it has been reported that Bank of England governor, Mark Carney has warned that food prices could rise between 5% and 10% after Brexit. Carney has told MPs that if the UK sees an extreme case, food prices...
Survey shows food retailers preparing for hard Brexit

Survey shows food retailers preparing for hard Brexit

In the event of a no-deal Brexit in March 2019, a new survey has shown that over a third of retailers indicated they feel ‘very underprepared’ for a hard Brexit, and are considering stockpiling where possible. Squire Patton Boggs and Retail Economics undertook a...