UK Business News

In the midst of the doom and gloom surrounding the UK economy, the supermarket winners in recent months are the cut price stores of Aldi and Lidl.
In case you hadn’t noticed the big supermarkets are fighting our corner for us by reducing prices on selected items, not really for the customer, but more to maintain [...]

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Retail giant Tesco have announced a £60million venture into the wholesale cash & carry business in India, alongside a deal with the Tata, owners of the Land Rover/Jaguar group.
Tata already has a stake in the Indian retail market through their Tata’s Star Bazaar hypermarkets and the deal is hoped to grow that chain from the [...]

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UK flooring retailer Floors-2-Go are thought to be in trouble after staff were called to an unexpected and ‘urgent’ meeting today.
The company has 135 stores throughout the country and it is believed that the business could be close to either entering administration or seeking further funding. The former sounds most likely following news last week [...]

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The Co-op is making a comeback, big time, with a financial move that will make the business the fifth largest supermarket chain in the UK.
I have been around long enough to have seen the abundance Co-operative Society stores in town centres of the sixties and seventies reduced to a handful of small, off high street convenience [...]

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The Guardian reports that UK model maker Hornby have increased annual profits by 17%, with strong sales since switching to new digitally controlled products.
Hornby’s digital Scalextric racing car sets showed strong year on year growth while the digital Virgin Trains Pendolino brought in most revenue, says the report.
Hornby pre tax profits rose to £9million in [...]

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