UK Business News

The Co-operative Group in the UK have reported an incredible 80% increase in sales of its ‘Simply Value‘ range of food products, while sales of Fairtrade products also rose by 35%, resulting in an overall increase of 17% in the companies first half profit.
The Co-op is Britain’s fifth biggest chain of grocery stores after purchasing [...]

[Read more →]

The UK’s biggest retailer, Tesco say they have carried out a sale and lease back deal for property valued at £514million with an unnamed UK Pension fund.
The deal will see Tesco selling fifteen of its stores and two of its distribution centres to a 50-50 joint venture company owned by Tesco and the unnamed pension [...]

[Read more →]

Business secretary Peter Mandelson said that the car scrappage scheme would be extended to cover 100,000 more vehicles, but will still end in February 2010 as per the current agreement.
The £300 million scheme was launched in May and has so far seen 227,750 vehicles scrapped for new car orders, costing the government and the manufacturer [...]

[Read more →]

The ongoing row between Sir David Jones JJB Sports and Mike Ashley’s Sports Direct Chain, has started getting a bit nasty after Jones called the Sports Direct flagship store in Picadilly Circus,  formerly Lillywhites ‘a complete and utter tragedy’.
Sports Direct have turned the former Lillywhites sports emporium into something representing a bargain basement store, with [...]

[Read more →]

Arthur Ryan the founder of the Primark chain in the UK, will be stepping down from his role as chief executive of the company after forty years at the helm.
Over the last ten years Primark has become increasingly popular for its ‘throw away fashion’ clothing, using the stack ‘em high,  sell ‘em cheap philosophy that [...]

[Read more →]