Sainsbury’s has said that a renewed focus on its own-brand products helped achieve a 16.3 % rise in annual pre-tax profit to £898 million, Sainsbury’s own brand products grew at over twice the rate of branded goods in terms of both sales and volumes.The re-launched by Sainsbury's range now has...
A report by former City minister Lord Myners into the governance of the Co-operative has said that the current structure is “dysfunctional” and a smaller board with more management experience is required to take the group into the future.The review of the 150-year old organisation by Lord Myers said that...
Tesco has announced that it is to launch its own branded Android smartphone, with technology rivalling the Samsung Galaxy S5 but costing significantly less. Tesco's chief executive Phillip Clarke told BBC Radio 5 Live that the handsets would come preloaded with Tesco services.The move will build on the success of...
Jobseekers who refuse to accept zero-hours contracts without a good reason will risk losing their benefits under the new universal credit system.According to the Office for National Statistics, over one in ten employers are in zero-hours contracts including almost half of all employees in the tourism, catering and food sector....
Amazon has partnered with Twitter to create a special hashtag that will automatically add products to a user’s Amazon shopping cart.When a tweet contains an Amazon product, users can reply using the hashtag #amazonbasket in order to automatically add the product to their cart. They can then go to Amazon...
Google has announced the purchase of retail technology company Rangespan, a move that will boost its shopping services as it continues to compete against Amazon in the online shopping market.Rangespan, which was founded by a team of former Amazon executives and engineers, will focus on analytics for retailers following the...
N Brown has said that it maintained momentum in the year ended March 1st, with multi-channel sales driving up results across the board.The Manchester-based company has said that it broke through the £100 million profit mark for the first time, with like-for-like sales at its stores up 35% and ecommerce...
The head teachers’ union is to roll out a scheme that will see up to 100,000 workers from apprentices to chief executives sent into schools to talk to primary school children about their jobs.Primary Futures, which has already been trialled across England, is an extension of the Inspiring the Future...
Fashion chain Fat Face has announced its intention to float on the London Stock Exchange, raising an estimated £110 million to reduce its debt pile.The move will value the company at an estimated £440 million.Chairman Sir Stuart Rose said that the recent successes of the company made the timing of...
A ban on imports of mangoes, aubergines and types of squash from India into the EU has begun with the potential of lasting until December 2015.The ban comes after shipments were found to be infested with fruit flies."Since we got to know about the issue in March, we've put in...
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