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Confusing and inconsistent labels on the high street’s best-selling sandwiches are making it tough for consumers to compare products and opt for the healthiest options, warned Which? The consumer group has criticised retailers such as Tesco, Greggs, Cafe Nero and Aldi for failing to stick ‘traffic light labelling’ on the front of packaging. Which? claims [...]
(Read More)11th May 12
Thomas Cook attacks government over holidays at home promotion
by Sally Davies
Thomas Cook’s chief executive in the UK, Ian Ailles, has blasted the culture department’s TV campaign for jeopardising overseas travel’s contribution to UK GDP, referring to is as “absolutely wrong”. While Jeremy Hunt may have been of the opinion that spending £5m on an advertising campaign for English holidays featuring celebrities such as Stephen Fry [...]
(Read More)3rd May 12
Wetherspoon founder: pubs plans to be hit by taxes
by Sally Davies
Taxes on the country’s bars and pubs are making the north-south divide wider, said the boss of the UK’s biggest pub chain. Tim Martin, the founder and chairman of JD Wetherspoon, warned that high taxes will lead to future pub expansions slowing down, in turn creating fewer jobs. He went on to say that new [...]
(Read More)16th Apr 12
Tesco abandons new superstores plan
by Sally Davies
Tesco has abandoned its plans to introduce new superstores for at least three years as the market leader takes action to transform its fortunes. Its chief executive Philip Clarke will cut spending after he announces the first fall in annual profits in its British business for at least two decades on Wednesday. Part [...]
(Read More)5th Apr 12
Sainsbury’s feed your family ads banned
by Sally Davies
Sainsbury’s “feed your family for £50” £10m advertising initiative has been banned due to the fact that its meal plans cost more than advertised and don’t provide enough calories. The ad campaign, which followed the Jamie Oliver-fronted “feed your family for a fiver”, provided various meal plans which promised customers a family of four could [...]
(Read More)4th Apr 12
Whitbread reshuffle sparks Costa Coffee sale and float talk
by Sally Davies
Whitbread’s experienced finance director Chris Rogers is to assume direct control of the company’s strong-performing Costa Coffee chain in a boardroom reshuffle which appears to be lining the espresso business for a flotation or sale. At one time a huge leisure empire constructed rapidly on Whitbread’s foundations’ brewing legacy during the 1990s, the company has [...]
(Read More)27th Mar 12
Higher charges reduce easyJet losses
by Sally Davies
Budget airline easyJet has said that its half-year losses would be less than anticipated as its revenues were helped by higher baggage fees. The Luton-based carrier, which operates over 580 routes in 30 countries, said growth in revenue per seat during the six months ending 31 March will be higher than anticipated at 10 per [...]
(Read More)27th Feb 12
Burger King withdraws from work experience initiative for unemployed
by Sally Davies
Burger King is the latest company to withdraw from the government’s work experience initiative for unemployed people. The fast-food chain had been registered to allow youngsters to be taken on at its headquarters in Slough, but has now withdrawn because of “public concerns”. Critics have described the project as a kind of “slave labour” as [...]
(Read More)3rd Feb 12
Retail veteran warns of high street death spiral
by Sally Davies
A veteran retailer has encouraged the government to reject the ‘Queens of Shops’ Mary Portas’s plans to save the UK’s embattled high street, warning that many towns are already “in a death spiral”. Majestic Wine chairman Phil Wrigley, who has been a director at Debenhams, BHS and New Look, compared high streets with the shipbuilding [...]
(Read More)24th Jan 12
Ocado finance chief resigns to join Michael Page
by Sally Davies
Online grocer Ocado saw a fall in its shares after announcing that Andrew Bracey, its finance director, was departing to join the recruitment firm Michael Page. Mr Bracey, who joined Ocado in 2010 ahead of its flotation, will move to Michael Page to become its chief financial officer. Experts immediately questioned whether this was evidence [...]
(Read More)