Retail news
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BRC shows support for UK farmers
- Posted:
- 08 May 2012 11:02
As the government prepares to announce its supermarket/supplier adjudicator bill in next week's Queen's Speech, a new report from the British Retail Consortium (BRC) spells out the ways in which the country's farmers are benefiting from retail investment in the food supply chain. The BRC said that it believes long- ...read more
Low cost airline bmibaby to close
- Posted:
- 04 May 2012 10:46
International Airlines Group, the owners of British Airways, have decided to close low fare carrier bmibaby in September, threatening the loss of hundreds of jobs. The GMB union said it was "devastating" news, especially for the East Midlands, where hundreds of jobs are now threatened with the axe.With bmi Regional, ...read more
Millennium & Copthorne profits soar
- Posted:
- 03 May 2012 10:51
UK-based hotel chain Millennium & Copthorne has seen pre-tax profits rise 24% in the first quarter to £25.9 million.The company said that its London Hotels were a leading contributor to this growth.Revenue per available room (RevPAR) in London grew by 7.0% to £82.96, driven by increases in all hotels with ...read more
Morrisons reports first sales drop in 10 years
- Posted:
- 03 May 2012 10:50
Britain's fourth biggest supermarket, Morrisons, has posted its first sales decline in nearly a decade after it refused to be drawn into price wars with its rivals "at any cost".The supermarket, which has 455 stores in the UK, saw same-store sales excluding fuel and VAT decline 1% in the 13 ...read more
Noma retains Best Restaurant accolade
- Posted:
- 01 May 2012 10:14
Danish restaurant Noma has won the title of Restaurant Magazine's World's Best Restaurant for the third time in three years. The award, which began in 2002, praised Noma's "innovative, inventive and - of course - ground-breaking approach to cooking."Set up in a former warehouse in the Christianshavn area of Copenhagen, ...read more
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