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Revolut Ltd
Revolut plans advertising sales push as it waits for banking licence
...Revolut has hired Inam Mahmood, former head of ecommerce partnerships at TikTok UK, to lead a sales team of about 30 people for its so-called media strategy....
April 23, 2024
Bridgepoint Capital Ltd
Bridgepoint considers sale of Swedish drinks maker Vitamin Well
...The decision to explore a sale comes as the buyout market is starting to heat up after a slow 18 months....
April 22, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Food & Beverage
CVC accused of ignoring Kenyan co-operatives in tea estates sale
...The FT reported in August that CVC was exploring a sale of the plantations....
April 3, 2024
Casino Guichard-Perrachon SA
Křetínský pushes French retailer Casino to offload stores before bailout
...Aldi, Système U did not reply to requests to comment....
November 29, 2023
Woolworths Ltd
Australian grocery groups undergo Senate grilling on price-gouging allegations
...Weckert countered that the Australian market was “very competitive” as retailers including Aldi and Costco have expanded in Australia, while specialist retailers including Chemist Warehouse and Amazon have...
April 16, 2024
News updates from September 25: Nissan boss says ‘move on’ from petrol cars, Global trade contracts
Aldi pledges to speed up expansion plans
...The supermarket reported record total sales last year of £15.5bn, up from £13.6bn in 2021. It did not give a like-for-like comparison....
September 25, 2023
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
J Sainsbury PLC
Sainsbury’s says customers ready to splurge as it targets higher profits
...Roberts said Sainsbury’s was the only traditional supermarket to meaningfully gain market share from discounters such as Aldi and Lidl as well as the more upmarket chains including Waitrose and Marks and...
April 25, 2024
Retail sector
Home Bargains owners net £36mn dividend
...The billionaire family behind the discount chain Home Bargains paid themselves a £36mn dividend last year after the retailer notched up a rise in profits and sales amid the cost of living crisis....
April 9, 2024
J Sainsbury PLC
Sainsbury’s shares slide as general merchandise sales disappoint
...Clothing sales dropped 1.7 per cent....
January 10, 2024
Aldi
UK shoppers still struggling with food bills despite inflation waning, says Aldi
...Along with German rival Lidl, Aldi has been expanding aggressively in the UK over the past two decades with its sales boosted by the recent cost of living crisis as shoppers flock to discount stores....
September 25, 2023
Electric vehicles
IEA bullish on electric vehicle sales in 2024
...Sales of battery electric and plug-in hybrid cars could rise more than 20 per cent to reach 17mn this year, up from just under 14mn in 2023, and grow to account for as much as two-thirds of global sales...
April 23, 2024
News in-depthUK retail industry
Day of the discounter: when will the UK reach peak Aldi and Lidl?
...Being private also allows Aldi and Lidl to keep prying eyes at bay and not to be held to ransom by shareholders if they do not meet their sales or profit forecasts....
September 10, 2023
Tesco PLC
Tesco forecasts rising profits as inflation ‘lessens substantially’
...But Murphy said the company had “now been the cheapest full-line grocer for well over a year” through a combination of price reductions, matching Aldi on price and its Clubcard loyalty scheme....
April 10, 2024
News in-depthJohn Lewis Partnership PLC
How John Lewis and M&S are faring in the battle for Middle England
...“We quite like what they do, but in terms of competing they’re not as important to us as Sainsbury’s and Aldi,” a senior M&S employee said....
March 16, 2024
Wm Morrison Supermarkets PLC
Morrisons posts annual loss of £1bn as debt-financing costs bite
...It lost its place as the UK’s fourth-biggest grocer to the German discounter Aldi in 2022....
March 12, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Vodafone idea Ltd
Vodafone’s India unit staves off collapse after record $2.2bn fundraising
...The follow-on share sale — India’s largest ever — was more than six-times subscribed as bidding in a range of Rs10-Rs11 a share ended on Monday, according to local exchange data....
April 23, 2024
Personal Finance
Investors’ Chronicle: Ultimate Products, Tesco, THG
...Despite the threat from German discounters Aldi and Lidl, it grew its market share by 28 basis points to 27.6 per cent in the UK....
April 12, 2024
LexNissan Motor Co Ltd
This Nissan-Honda team will struggle to match EV rivals Premium content
...An unexpected resurgence in global hybrid cars is pushing sales to record highs. That gives it more resources to catch up on electric offerings, with strong hybrid sales bridging the transition....
March 18, 2024
Artificial intelligence
AI could kill off most call centres, says Tata Consultancy Services head
...“We see that continuing,” Parekh added, with Infosys forecasting muted sales growth of between 1 and 3 per cent over the next financial year on a constant currency basis....
April 25, 2024
LexCVC Capital Partners Ltd
CVC’s beauty IPO shows private equity must pretty up sales for success Premium content
Any investor attraction to retailer Douglas will depend on its valuation
March 4, 2024
CVC Capital Partners Ltd
CVC co-founder Donald Mackenzie set to net up to €150mn in IPO
...The share sale is part of a broader offering expected to be about €1.6bn, which will give CVC an implied market capitalisation of between €13bn and €15bn, the document states....
April 22, 2024
Electric vehicles
MG’s Chinese owner and Indian steelmaker JSW team up to build EVs
...MG’s EV sales in India are a distant second to Tata, which controls roughly 70 per cent of the nascent market, according to GlobalData....
March 20, 2024
Starling Bank Ltd
Starling Bank poaches Ovo chief for next phase of growth
...However, its valuation has fallen from £2.5bn to about £1.5bn following Jupiter’s share sale while its growth has lagged behind rivals....
March 12, 2024
Inside BusinessDavid Keohane
Why Nissan needs more than a gamble on solid-state batteries
...Just last week, on the heels of its solid-state factory tour, Nissan cut its full-year sales and operating profit forecasts, knocking its shares....
April 24, 2024
BYD Co Ltd
BYD loses EV throne to Tesla as sales slip
...“It actually slowed down sales when that happened.”...
April 2, 2024

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