Iceland sheds 1,000 jobs as sales pass £4bn and loss slashed Sales at supermarket giant Iceland passed the £4bn mark during its latest financial year as its pre-tax loss was slashed by more than £30m, according to newly-filed accounts. The Flintshire-headquartered chain has posted a revenue of £4.2bn for the year to March 29, 2024, up from the £3.9bn it reported during the prior 12 months. [...]
Supermarkets hope for Euro 2024 boost as Asda and Co-op lose ground Retail Asda and the Co-op are the only major supermarket brands in the UK to have lost market share over recent weeks, according to new figures.
Tesco, Sainsbury’s, Aldi: Who owns Britain’s biggest supermarkets after Asda takeover? RETAIL British supermarkets like Tesco, Asda, Sainsburys, and Waitrose might be household names, but who is pulling their strings?
Iceland boss thanks medics who ‘saved his life’ after collapse in London Marathon April 22, 2024 "I collapsed and fell unconscious less than 2 miles before the London Marathon finish line with hyperthermic shock - body temp was 42 and rising."
Sadiq Khan: Starmer attacking Sunak for ‘betting on misery’ won’t put business off Labour January 30, 2024 Sadiq Khan has insisted Sir Keir Starmer’s attack on Rishi Sunak for “making millions from misery” during the financial crisis won’t put businesses off the Labour Party.
Iceland boss backs Labour as Starmer promises to protect ‘pound in your pocket’ January 29, 2024 Former Conservative donor and Iceland boss Richard Walker has thrown his support behind the Labour Party, calling it the “right choice” for businesses.
Iceland blames Russian war for whopping £95.7m energy bill November 14, 2023 Iceland, the frozen food supermarket, has blamed a “global surge” in wholesale prices following the war between Russian and Ukraine for its hefty £95.7m energy bill in the year to March. The value grocery chain, which specialises in frozen processed food, said that forking out for the “wholly unprecedented” charge led to a £35m loss [...]
Tories are ‘the party of business’, Jeremy Hunt insists ahead of conference speech October 2, 2023 The Conservatives are “certainly the party of business”, Jeremy Hunt has insisted ahead of his speech at Tory conference today. The Chancellor told LBC Radio: “We certainly are the party of business. “Rishi Sunak and I are prepared to take those decisions because there is a fundamental choice in British politics between a party that [...]
Iceland shrugs off loss of credit insurance cover saying it is ‘incredibly well positioned’ and expects to reinstate the policy soon February 7, 2023 According to reports first published in The Sunday Times, the French insurer slashed cover for the discount grocer in December - following a similar move by Allianz and Atradidus.
Iceland food boss ‘working day and night’ to keep pint of milk under £1 but price rises ‘will get worse’ November 2, 2022 The boss of Iceland has said he “doesn’t know” whether the price of a pint of milk can be kept under a pound, but is “working day and night” to stop it. Richard Walker made his comments on Amol Rajan’s podcast this morning, after joining a campaign to expand free school meals to children whose [...]