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....“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors’ request to step aside so that Uber can go back to building rather than be distracted with another fight,” Kalanick said in a statement to the New York Times. The resignation comes just one week after Kalanick began an indefinite leave of absence amid efforts to bring about wholesale change of Uber’s corporate culture. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 06:19:56 AM
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.... After helping out small fashion firms with technology, he moved into a business where he had a family heritage – his grandfather owned a shoe factory. Neves built a footwear design and wholesale business called SIX London, and then came bstore, an edgy fashion store on London’s Savile Row. ... [Read full article on Guardian ]
Friday 23rd of June 2017 11:11:44 PM
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....Under the terms of the 35-year contract, EDF is guaranteed a price of £92. 50 per megawatt hour it generates, twice the wholesale price. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:08 PM
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....Influential member groupings in the Midlands, Ireland and London, some of which are able to pool votes under a proxy voting system, are planning to oppose the Sainbury’s deal even though they are yet to see how the numbers stack up. The potential takeover by Sainsbury’s comes after Tesco’s takeover of Booker, the wholesaler behind the Londis and Budgens chains, raised expectations of a wave of consolidation in a market where about 80% of the UK’s 41,000-plus convenience stores are independent or belong to buying groups such as Nisa or Costcutter. ... [Read full article on Guardian ]
Friday 23rd of June 2017 06:07:36 PM
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....Avoiding waste is becoming more important as it has been harder than usual to source avocados this summer and prices have risen. The wholesale price of avocados in the UK has more than doubled from 37. ... [Read full article on Guardian ]
Friday 23rd of June 2017 05:09:16 PM
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Latest Finance News related to Wholesale

Handbags at dawn with Farfetch, the latest thing in upmarket online fashion image
.... After helping out small fashion firms with technology, he moved into a business where he had a family heritage – his grandfather owned a shoe factory. Neves built a footwear design and wholesale business called SIX London, and then came bstore, an edgy fashion store on London’s Savile Row. ...
Nisa members air discontent at prospect of Sainsbury's takeover image
Source : Guardian [Read Article] Friday 23rd of June 2017 06:07:36 PM
....Influential member groupings in the Midlands, Ireland and London, some of which are able to pool votes under a proxy voting system, are planning to oppose the Sainbury’s deal even though they are yet to see how the numbers stack up. The potential takeover by Sainsbury’s comes after Tesco’s takeover of Booker, the wholesaler behind the Londis and Budgens chains, raised expectations of a wave of consolidation in a market where about 80% of the UK’s 41,000-plus convenience stores are independent or belong to buying groups such as Nisa or Costcutter. ...
Tattooing avocados helps keep up supply of smash hit image
Source : Guardian [Read Article] Friday 23rd of June 2017 05:09:16 PM
....Avoiding waste is becoming more important as it has been harder than usual to source avocados this summer and prices have risen. The wholesale price of avocados in the UK has more than doubled from 37. ...
Spending watchdog condemns 'risky and expensive' Hinkley Point image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
....Under the terms of the 35-year contract, EDF is guaranteed a price of £92. 50 per megawatt hour it generates, twice the wholesale price. ...
Uber CEO Travis Kalanick resigns following months of chaos image
Source : Guardian [Read Article] Wednesday 21st of June 2017 06:19:56 AM
....“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors’ request to step aside so that Uber can go back to building rather than be distracted with another fight,” Kalanick said in a statement to the New York Times. The resignation comes just one week after Kalanick began an indefinite leave of absence amid efforts to bring about wholesale change of Uber’s corporate culture. ...
Energy price cap likely to go ahead despite warnings of 'timebomb' image
Source : Guardian [Read Article] Monday 19th of June 2017 03:36:14 PM
....“Competition will be diminished and cheaper deals would be taken off the market as tariffs moved closer to the cap,” said Richard Neudegg, the site’s head of regulation. He echoed previous warnings by the big six suppliers that because energy regulator Ofgem would eventually have to increase the cap in order to reflect rising wholesale prices, blame would shift from energy firms to ministers. ...
Humiliation on the high street as security guards rob shoppers of their dignity image
....” He left when he was told that he would be transferred to a store 35 miles away as a punishment for ringing in sick. GMB, the union that represents private security staff, has accused the industry of “wholesale exploitation” of workers through zero-hours contracts. ...
Record levels of green energy in UK create strange new world for generators image
.... Solar cuts power demand for National Grid, reducing prices, while wind power also lowers prices. That led to another first last week, when high wind output pushed down the wholesale price and resulted in negative power prices, which means some conventional power plants had to pay household suppliers like British Gas to take their electricity. ...
Sainsbury's poised to buy Nisa in response to Tesco swoop on Booker image
Source : Guardian [Read Article] Saturday 17th of June 2017 12:35:00 PM
.... It is understood that following talks with potential suitors, which included the Co-op and Morrisons, Nisa is poised to recommend Sainsbury’s to its members as its preferred bidder. Tesco’s takeover of Booker, the wholesaler behind the Londis and Budgens chains, has set a cat among the pigeons in a market where around 80% of the UK’s 41,000-plus convenience stores are still independent or belong to buying groups such as Nisa or Costcutter - known as the “symbol groups” in the industry. ...
SSE boss gets 72% pay rise weeks after arguing against cap on bills image
Source : Guardian [Read Article] Friday 16th of June 2017 05:24:56 PM
....However, even the remuneration report acknowledged that the chief executive’s pay had “increased significantly”. SSE was the last of the big six, which have an 84% share of the market, to put up prices during a round of rises last winter blamed on increasing wholesale costs and government policy costs. ...
Amazon to buy Whole Foods Market in $13.7bn deal image
Source : Guardian [Read Article] Friday 16th of June 2017 01:26:19 PM
.... Amazon has long had ambitions to move into the grocery business and launched its food delivery service, Fresh, in the US 10 years ago. It introduced the service in the UK last year after signing a wholesale deal with British supermarket Morrisons. ...
Revealed: reality of life working in an Ivanka Trump clothing factory image
Source : Guardian [Read Article] Tuesday 13th of June 2017 04:02:30 AM
....3 million rupiah, or about $173 a month – but that legal minimum is among the lowest in Indonesia as a whole, and as much as 40% lower than in Chinese factories, another labour source for the Ivanka Trump brand. PT Buma, a Korean-owned garment company started in Indonesia in 1999, is one of the suppliers of G-III Apparel Group, the wholesale manufacturer for prominent fashion brands including Trump’s clothing. ...
New Channel 4 boss Alex Mahon faces some unwelcome drama image
Source : Guardian [Read Article] Saturday 10th of June 2017 03:00:29 PM
.... The current chief executive, David Abraham, has been an outspoken opponent of any move from its £100m headquarters on Horseferry Road, but Mahon will take a more diplomatic stance. The Tories’ weakened political position could, however, encourage Channel 4 to resist a wholesale move and float a compromise. ...
Australia records 103rd successive quarter of recession-free economy image
Source : Guardian [Read Article] Wednesday 7th of June 2017 03:33:36 AM
....3% in the first three months of the year, confirming that the country will enjoy 26 years without a recession. Strong growth was recorded in service industries such as finance and insurance, wholesale trade and healthcare, the Australian Bureau of Statistics said on Wednesday, but the manufacturing sector slipped backwards for the 10th time in 11 quarters. ...
Rise of the machines: who is the ‘internet of things’ good for? image
Source : Guardian [Read Article] Tuesday 6th of June 2017 04:30:13 AM
.... It certainly would be convenient if this golden mean could be determined automatically and consistently. But the wholesale surrender of municipal management to an algorithmic toolset seems to place an undue amount of trust in the party responsible for authoring the algorithm. ...
Monty Don: Supermarket plant sales cut customer choice image
Source : BBC [Read Article] Friday 2nd of June 2017 11:32:41 PM
....Nurseries increasingly focus on plants that can be mass produced so the big stores can sell them cheaply, he says. "You have these vast wholesale nurseries now supplying supermarkets - and that's a diminution of choice," he told Radio 4's You and Yours. ...
Tesco boss named as witness in fraud case against former directors image
Source : Guardian [Read Article] Tuesday 30th of May 2017 12:58:27 PM
....• The Competition and Markets Authority has opened an investigation into Tesco’s proposed £3. 7bn merger with the grocery wholesaler Booker. ...
Watchdog probes Tesco-Booker deal image
Source : BBC [Read Article] Tuesday 30th of May 2017 11:54:19 AM
....The competition watchdog has begun an investigation into Tesco's planned £3. 7bn takeover of wholesaler Booker. ...
Burberry's profits fall amid 'challenging' US trading image
Source : BBC [Read Article] Thursday 18th of May 2017 08:02:50 AM
....Pre-tax profits for the year to 31 March fell 5% to £394. 8m as it was hit by weak wholesale trading in the US. ...
Holy guacamole! Avocado fans in UK face further price rises image
Source : Guardian [Read Article] Friday 12th of May 2017 03:45:26 PM
....British consumers have followed suit. “Demand is phenomenal,” said Alfie Johnson, managing director of Covent Garden Supply, a distributor and major wholesaler of avocados in the UK. ...
Idris Elba and falling pound help Superdry emerge as Brexit winner image
Source : Guardian [Read Article] Thursday 11th of May 2017 04:39:17 PM
....Superdry, best known for its logo-bearing hooded tops, jogging bottoms and checked shirts, has been enjoying a purple patch thanks to expansion overseas and a high-profile collaboration with the actor Idris Elba. The growth was particularly impressive at the brand’s wholesale arm, which includes its 319 franchise outlets, where sales jumped 42. ...
France's Engie aims to restore trust in energy firms with tracker tariff image
. A French power company has promised to restore trust in the energy market with a new tracker tariff linked to wholesale prices, days after big suppliers were found to be making record profit margins from their customers. ...
Thousands face energy bill hikes of more than £400 this month image
Source : Guardian [Read Article] Wednesday 10th of May 2017 09:01:16 AM
....Moorey said that from what he had seen so far of the Tory policy, it seemed prices could go still go up. “If six months on [energy regulator] Ofgem looks at it, and there are shifts in wholesale prices and changes to government policy that are increasing costs, then the regulator could review it and change prices over time. ...
Energy regulator under scrutiny as both Tories and Labour vow to act image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:23:35 AM
.... As head of the energy regulator Ofgem, the 51-year-old will control the price that millions of people pay for their electricity and gas after the general election. A Conservative victory would see Nolan tasked with setting a cap on how high default energy tariffs can go, in relation to the wholesale prices that suppliers have to pay. ...
Tory MPs plot to water down Theresa May's energy price cap pledge image
Source : Guardian [Read Article] Tuesday 9th of May 2017 05:00:53 PM
....Damian Green, the work and pensions minister, recently said that energy regulator Ofgem would cap standard variable tariffs “in relation to what the market price is”. That would imply that if wholesale prices continue creeping up, as they have in Ofgem’s cost supplier index, bills will go up despite the cap. ...
Tory energy pledge: May says she still believes in free market despite vow image
....Asked by BBC Breakfast whether the idea was an admission that Miliband’s policy was correct, Clark said: “No, that was a botched policy. They talked about a freeze, they even advertised it in a block of ice, and what happened after that was that the wholesale price of gas and electricity fell, and so if it had been introduced then people would have paid more than needed. ...
Energy bills: £100 cap plan defended by Theresa May image
Source : BBC [Read Article] Monday 8th of May 2017 09:51:56 PM
....Former Conservative chancellor Lord Lawson has said the idea is "crazy" and the government should concentrate on reducing bills by sourcing more energy from the cheapest and most reliable technologies. There is evidence that some suppliers have started raising the price of their cheapest offers in the past six months, but some in the industry put that down to rising wholesale costs rather than the threat of the cap. ...
Dulux owner Akzo Nobel has shown its colours by rebuffing takeover bids | Nils Pratley image
....Alternatively, a blunt cap on variable rates would involve ministers taking direct responsibility for energy bills. They would use regulator Ofgem as a buffer, but few will be convinced when bills increase, as they would sometimes when the wholesale market shifts. ...
Kushner family apologises for mentioning Jared at China pitch image
.... . The White House said on Monday that it was "evaluating wholesale reform" on the programme to make sure it it was "used as intended and that investment is being spread to all areas of the country". ...
What's our cut? Energy firm lets customers see profit margins image
Source : Guardian [Read Article] Monday 8th of May 2017 07:52:55 AM
....A challenger energy firm is hoping to win back consumer trust in the industry with the launch of a tariff that shows how much profit it is making from households. Octopus Energy said its new deal would use an app to display the profit margins it made on an account, alongside the wholesale prices it paid for electricity and gas. ...
British Gas owner warns Tory energy price cap could push up prices image
....In a trading update before its AGM later on Monday, Centrica said the homes it supplies in the US and UK had used less energy than normal because of above average temperatures this year. The company, which has a sizeable power generation arm, said it had taken a financial hit from wholesale prices falling since its preliminary results in February. ...
Mine the gap: Transport for London hopes to profit from licensing its brand overseas image
.... TfL even has its own fashion brand, Roundel London, launched in 2013. TfL would not elaborate on targets for the international programme but licensing industry sources believe it could be a £100m a year brand in terms of retail sales, or £50m of wholesale value. ...
Asda and Morrisons cut petrol prices as oil price plummets image
Source : Guardian [Read Article] Friday 5th of May 2017 11:00:27 AM
.... The average petrol price jumped from a low of 101p in February 2016 to 120p in March 2017, and has been a central factor in pushing up the consumer price index. RAC fuel spokesman Simon Williams said: “It’s great to see the supermarkets responding to our call to pass on wholesale fuel price savings to motorists at the pumps. ...
Sainsbury's weighs up franchise deals to boost Local network image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 05:08:00 PM
.... It once hoped to open about 100 a year. The move comes as Tesco attempts to take over cash ’n’ carry business Booker, which controls the Premier, Budgens and Londis franchise businesses, while Morrisons revives its Safeway brand to wholesale to independent convenience stores. ...
Petrol price CUT on the way? Strong pound and fall in costs means fuel price 'MUST drop' image
.... But the cut is not enough and more retailers should be acting to reduce prices, said the RAC. It comes after the wholesale price of petrol fell by 3. ...
Scaling success image
Source : BBC [Read Article] Tuesday 2nd of May 2017 11:15:46 PM
....Loch Duart set out in 1999 to carve a niche within that Scottish niche. Farming in the sea lochs of Sutherland and the Outer Hebrides, it charges a premium of 20-25% over other salmon producers, selling to wholesalers whose high-end client chefs require that extra assurance of quality and reliability. ...
State-owned Swedish firm Vattenfall enters UK energy market image
Source : Guardian [Read Article] Monday 1st of May 2017 08:00:24 AM
....ON but also Danish state-owned Dong Energy, which sells its wind power to corporate clients, and Dutch firm Eneco, which supplies business customers such as Heineken and Unilever. France’s Engie is also attempting to muscle in on the consumer market and trying to woo households with a tariff that tracks wholesale power prices. ...
Avocado prices at record high due to reduced harvests image
Source : BBC [Read Article] Monday 1st of May 2017 07:51:12 AM
....Avocado prices have risen to a record due to surging global demand and reduced harvests from major producers Mexico, Peru and California. A 10-kilogram box of Hass avocados from Mexico's major wholesale producer sells for around 530 pesos (£21. ...
Eurozone recovery gathering pace, says Draghi image
Source : BBC [Read Article] Thursday 27th of April 2017 12:21:29 PM
....". Ranko Berich, of Monex Europe, said: "Barring a wholesale change in opinion among the governing council against Draghi's position, ECB QE is here to stay for now. ...
Lloyds profits double to £1.3bn despite PPI and fraud payouts image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:33:22 AM
.... TSB, now owned by Spanish bank Sabadell, reported a 40% drop in first quarter profits t0 £32m after a £30m increase in fees it pays to Lloyds following the split. Lloyds has benefited from being able to borrow cheaply on the wholesale markets, the Bank of England’s funding schemes, and attracting deposits from commercial customers, which has helped bolster its profitability. ...
Tories pinched Labour's energy price cap – but now we need detail | Nils Pratley image
.... Really? In their initial impact, the two policies look almost identical. Fallon’s thin argument is that a cap is more flexible because it would allow tariffs to be cut when the wholesale price of energy fell. ...
Energy price cap image
Source : BBC [Read Article] Monday 24th of April 2017 11:52:31 AM
....Under this system, the CMA has come up with an initial maximum figure for prices in each region of the UK, usually in line with the cheapest existing ppm tariff. That number is adjusted every six months, taking into account wholesale energy costs, inflation, environmental obligations and the cost of transporting energy around the network. ...
Energy bills: what's the difference between Tory cap and Miliband freeze? image
....As well as powerful media allies, May also has luck on her side. Miliband’s eye-catching pledge came a few months before wholesale energy prices began a two-year slide, rendering the idea irrelevant. ...
Tory price promise image
Source : BBC [Read Article] Sunday 23rd of April 2017 01:59:35 PM
....The law of unintended consequences would prevail again. Under the price cap being promised by the Conservatives, consumers will benefit if wholesale prices fall. ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
....Clark will also have to explain the basis on which he will set a standard tariff. One way would be to order Ofgem to construct a pricing model that takes account of reasonable overheads, makes a few assumptions about wholesale purchasing contracts and then allows a small profit margin for the supplier. ...
Burberry's sales growth slows despite 'exceptional' UK performance image
Source : Guardian [Read Article] Wednesday 19th of April 2017 05:23:32 PM
.... This came alongside a 5% decline in sales in the Americas. Beauty wholesale revenues also fell by about 20% as the company continued to rationalise its distribution after taking its cosmetics and perfume business in-house in 2013. ...
UK government vows strong action to rein in energy companies image
Source : Guardian [Read Article] Wednesday 19th of April 2017 12:25:24 PM
....Five of the big six energy suppliers – EDF, E. ON, Npower, SSE and Scottishpower – have increased their prices recently, blaming rising wholesale costs and other factors. ...
Burberry shares dive despite sales rise image
Source : BBC [Read Article] Wednesday 19th of April 2017 09:32:28 AM
....3bn. However, overall total revenues, which include its wholesale and licensing revenues, fell by 1% to £1. ...
Food and fuel inflation 'hitting UK supply chain' image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:00:38 AM
....Rising food and fuel prices are putting pressure on firms operating in the UK supply chain, an insolvency firm says. Begbies Traynor found almost 22,000 firms were facing "significant financial distress" in sectors such as logistics and wholesale - up by a quarter in the past 12 months. ...
Big six energy firms braced for government price crackdown image
Source : Guardian [Read Article] Monday 17th of April 2017 03:43:01 PM
.... All but Centrica-owned British Gas have upped their prices, with EDF last week announcing its second rise this winter. The suppliers have blamed a series of factors, from smart meter installation costs and green energy policies to, most frequently, rising wholesale energy costs. ...
Can’t we stop colossal firms taking over small businesses? image
Source : Guardian [Read Article] Monday 17th of April 2017 01:08:04 PM
. I’ve just heard that Tesco may be taking over wholesaler Booker, which includes Budgens, for £3. ...
Robots to replace 1 in 3 UK jobs over next 20 years, warns IPPR image
Source : Guardian [Read Article] Saturday 15th of April 2017 07:01:18 AM
....The IPPR research said that in four sectors alone – retail, hospitality, transport and manufacturing – 5m jobs were at risk, adding that a particular concern to ministers should be industries ripe for automation with a high proportion of workers least able to adapt. “In wholesale and retail for example, there are over two and a half million jobs with a high potential to be automated, and three in four workers do not have a degree-level qualification and may lack adaptability,” the report said. ...
White van nation: meet the drivers behind the on-demand economy image
Source : Guardian [Read Article] Saturday 15th of April 2017 06:00:17 AM
.... There are certain articles of faith they all seem to share, none more widespread than the trust in the pacifying power of the hazard light. I meet a dried fruit wholesaler in an ageing Boxer who swears that, by combining his hazard lights with a laminate “Unloading” sign, he can get away with half an hour of comically obstructive street parking, unmolested. ...
EU migrants make up 11% of manufacturing workforce - ONS image
Source : BBC [Read Article] Wednesday 12th of April 2017 06:19:18 PM
...."Today's analysis shows the significant impact international migration has on the UK labour market. It is particularly important to the wholesale and retail, hospitality, and public administration and health sectors, which employ around 1. ...
Millions of EDF customers face second price rise this year image
Source : Guardian [Read Article] Wednesday 12th of April 2017 11:36:37 AM
....” The government’s plans are expected to be published later this month. EDF blamed the increase on rising wholesale energy costs and government policies that have to be paid for by consumer bills, which include schemes to alleviate fuel poverty and support low carbon power. ...
UK needs immigration to keep service industries going, says ONS image
Source : Guardian [Read Article] Wednesday 12th of April 2017 10:50:16 AM
. Immigration is particularly important to keep Britain’s health service and its wholesale and retail, public administration and hospitality trades going, with more than 1. ...
EDF raises electricity prices for second time this year image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:24:45 AM
....Ofgem was highly critical of the increases. Dermot Nolan, its chief executive, said: "EDF's second price rise in four months, when there has not been a dramatic rise in wholesale energy prices since it last put up prices, is difficult to justify and is further evidence that the energy market is not working in all consumers' interests. ...
Tesco full-year pre-tax profits hit by fine image
Source : BBC [Read Article] Wednesday 12th of April 2017 06:37:34 AM
....5bn of costs. The supermarket also needs strong results to help it persuade shareholders to back its attempt to buy wholesaler Booker. ...
BBC to air recording that implicates Bank of England in Libor scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:45:56 PM
....“The government is absolutely clear that we must learn from the lessons of the past,” said a Treasury spokesman. “That is why, since the financial crisis, we have carried out wholesale reform of how the financial system is regulated in this country, including making the manipulation of Libor a criminal offence. ...
‘We will be forced to close’: Polish and Czech food stores post-Brexit image
.... As people migrated to the UK from EU countries, and Poland in particular, supermarkets were quick to meet the market. Savvy entrepreneurs took the opportunity a step further, opening stores and wholesale empires based on the import of EU specialities. ...
Quebec's maple syrup producers seeking global domination image
Source : BBC [Read Article] Saturday 8th of April 2017 11:16:15 PM
.... . The Federation controls nearly every aspect of maple production in the province, assigning quotas to the province's 13,500 farmers and selling the syrup to licensed wholesalers. ...
Rupert Murdoch's Sky takeover approved by European regulator image
Source : Guardian [Read Article] Friday 7th of April 2017 04:07:03 PM
.... “Fox and Sky are mainly active in different markets in Austria, Germany, Ireland, Italy and the UK. They compete with each other only to a limited extent, mainly in the acquisition of TV content and in the wholesale supply of basic pay-TV channels. ...
British rail is nationalised all over again – by foreign states image
Source : Guardian [Read Article] Saturday 1st of April 2017 02:59:28 PM
....Some believe that Britain’s departure from the EU could prompt reform. Mick Cash, general secretary of the RMT union, says: “With the government triggering article 50, and freeing the UK from EU rail directives, there is now no excuse at all for carrying on with the wholesale rip-off that exports British fare payers’ cash overseas. ...
UK households’ savings fall to record low in warning sign for economy image
....Commenting on the latest estimate of fourth quarter growth, the head of GDP at the ONS, Darren Morgan, said: “Growth in the final quarter remained unrevised at 0. 7%, with buoyant contributions from the retail and wholesale sectors in the run-up to Christmas. ...
Broadband users could see bills slashed as BT is forced to cut charges image
....Currently Openreach charges rivals £88. 80 a year in wholesale charges for each individual superfast package, one of the most popular with UK broadband users. ...
Tobacco display ban hits sales at Budgens and Londis owner image
Source : Guardian [Read Article] Thursday 30th of March 2017 07:50:20 AM
. Booker, the wholesaler behind convenience store brands including Budgens and Londis, which is the target of a £3. ...
Plumbing firm Wolseley leads FTSE higher image
Source : BBC [Read Article] Tuesday 28th of March 2017 08:21:08 AM
....Tesco is paying a £129m fine and will also pay £85m in compensation to shareholders. Separately, one of Tesco's biggest shareholders has warned that the retailer is paying too much for its planned takeover of wholesaler Booker. ...
Tesco warned over cost of £3.7bn Booker takeover image
Source : BBC [Read Article] Monday 27th of March 2017 06:47:15 PM
....One of Tesco's biggest shareholders has warned the supermarket's £3. 7bn bid for wholesaler Booker is too generous. ...
Two Tesco shareholders oppose £3.7bn takeover of wholesaler Booker image
Source : Guardian [Read Article] Monday 27th of March 2017 06:04:28 PM
....Tesco’s £3. 7bn takeover of Booker, the grocery wholesaler, is in doubt after two major shareholders in the supermarket group expressed their opposition to the deal. ...
Foreign companies flock to build nuclear plants in the UK image
Source : Guardian [Read Article] Saturday 25th of March 2017 04:00:06 PM
....The UK has also dangled the prospect of economic support for foreign nuclear builders. French state-owned EDF, which is building two new reactors at Hinkley Point in Somerset at a cost of £18bn, struck a subsidy contract with the government that will see it guaranteed twice the wholesale price of electricity for 35 years. ...
Petrol and diesel prices cut amid pressure on retailers image
Source : BBC [Read Article] Friday 24th of March 2017 03:15:07 PM
....06p. The oil price and wholesale prices fell sharply at the start of March, and motoring organisations have argued that this should have been feeding through to another 2p cut per litre in prices at the pumps. ...
Millions of UK workers at risk of being replaced by robots, study says image
....PwC said 2. 25 million jobs were at high risk in wholesale and retailing – the sector that employs most people in the UK – and 1. ...
Shoe retailer Brantano goes into administration with 1,000 jobs at risk image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 05:41:07 PM
....”. All retailers are under pressure from rising costs because of increases in business rates, the introduction of a minimum wage for over-25s and the fall in the value of the pound against the dollar, the currency in which many products are bought on the wholesale market. ...
Big Six energy companies face price caps after free market fails Brits image
Source : Daily Express [Read Article] Sunday 19th of March 2017 08:52:00 AM
.... . However, the vast majority are still stuck on expensive standard tariffs and are subjected to price increases that exceed movements in the wholesale market. ...
Theresa May echoes Ed Miliband with promise to reform energy market image
Source : Guardian [Read Article] Friday 17th of March 2017 04:53:15 PM
....Ministers said on Thursday that it was unacceptable that customers of the big energy companies were paying more than necessary. However, energy minister Jesse Norman, added: “It must be noted that wholesale prices, which account for about half of an average bill, are still lower than in 2014. ...

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