Tesco Warns of Profit Risks Amid Middle East Conflict
Tesco reports annual profits of £2.4 billion but cautions that future earnings could decline due to uncertainty from the Middle East conflict, impacting UK households and the economy.
Category : Corporate News
GivEnergy Collapses Into Administration, All Staff Dismissed
GivEnergy Ltd, a UK energy storage systems company, has entered administration with all staff dismissed. The collapse follows a £5.4 million loss and poor strategic decisions.
Papilo Acquires REKK Recycling in Scotland
Papilo, a waste management group backed by Palatine, has acquired REKK Recycling in Scotland, marking its third acquisition in a year to strengthen its UK presence.
Morrisons Puts 200 Office Jobs at Risk in AI Restructuring
Morrisons supermarket launches redundancy consultation affecting 200 head office roles in Bradford, as it plans to increase AI use to streamline operations and automate tasks.
Petplanet Collapses After 27 Years, 100,000 Customers Affected
Petplanet, a UK online pet retailer serving over 100,000 customers annually, has entered administration after 27 years in business. Administrators from BDO have been appointed to manage the insolvency process.
Garden Centre Supplier to Morrisons Collapses into Administration
Opperman Plants Ltd, a family-run business for 29 years, has collapsed into administration, impacting major retailers including Morrisons, Waitrose, and Sainsbury's.
Imperial Brands Launches Second £725m Share Buyback
Bristol-based Imperial Brands initiates second £725m share buyback tranche as part of £1.45bn program, aiming to reduce capital and return cash to investors through Barclays execution.
North East Business: Key Appointments and Promotions
The North East business landscape sees significant leadership changes with new appointments at The Glasshouse, Northside Farm, Mincoffs Solicitors, Dynamo, Muckle LLP, and True North Construction.
Omega Plastics Sold to Former Senior Team Members
Gateshead-based Omega Plastics, a former North East Company of the Year, has been sold to former senior executives Chris Thompson and Mark Thornton as founder Dave Crone retires after nearly three decades.
Sintons Acquires Cumbrian Law Firm to Expand North
Newcastle-based Sintons LLP announces strategic acquisition of Cumbria Employment Solicitors, integrating its team to extend geographical reach and legal services across the North of England.
Rolls-Royce CEO Wins Backing for £18m Pay Package
Rolls-Royce CEO Tufan Erginbilgic is poised to secure shareholder approval for an £18m compensation package, following the company's dramatic financial turnaround and soaring share price performance since 2023.
Co-op Group Plans Takeover of Southern Co-op
The Co-op Group is targeting a takeover of Southern Co-op, aiming to integrate 300,000 members and three crematoria by late 2026, amid leadership changes and recent financial challenges.
Co-op Group Plans Merger with Southern Co-op
The Co-op Group has announced plans to merge with Southern Co-op, integrating 300 food, funeral, and Starbucks branches plus three crematoria, pending member approval in late 2026.
John Lewis CEO Pay Hits £1.2M Despite Job Cuts
John Lewis Partnership CEO Jason Tarry received a 21% salary increase to £1.2 million while the retailer eliminated 3,300 positions. The total compensation package reached nearly £1.26 million with bonuses.
Bannatyne Group Sees Record Revenue, Plans Padel Expansion
Duncan Bannatyne's health club chain announces impressive financial results with revenue reaching nearly £158m and plans to invest in new padel courts across multiple UK locations in 2026.
UK Supermarkets Pressured to Adopt Real Living Wage
Marks and Spencer, Sainsbury's, and Tesco are under pressure from campaigners to commit to the Real Living Wage across all UK stores, despite recent pay increases.
Applied Nutrition Expands for GLP-1 Weight Loss Users
Health brand Applied Nutrition is launching new products tailored for consumers using GLP-1 weight loss medications like Mounjaro and Wegovy, following a surge in demand and strong financial results.
Babcock Leadership Reshuffle Ahead of CEO Departure
Defence giant Babcock has announced key leadership changes as CEO David Lockwood prepares to retire at the end of 2026, with Harry Holt appointed as deputy CEO to succeed him.
JLR Q4 Sales Rise Significantly, Full-Year Volumes Down
Jaguar Land Rover saw a significant rise in wholesale and retail sales in Q4 FY26, recovering from a cyber attack, but full-year volumes fell nearly 25% due to tariffs and market challenges.
White Rhino Gin Company Collapses into Liquidation
The UK spirit brand, which sold in Tesco stores and supported rhino conservation, has entered liquidation with significant debts, marking a sad end for the business.
O2 Spring Rewards: Free Greggs and £10,000 Prizes
O2 customers can win 50,000 free Greggs breakfast baguettes, £10,000 cash prizes, and other rewards through the Priority loyalty scheme this spring.
Unilever Merges Food Brands with McCormick in $60bn Deal
Unilever has completed a $45 billion merger of its food brands with McCormick, creating a $60 billion food and drinks conglomerate. The London-based firm retains a 65% majority stake in the new entity.
Midlands Pottery Firm Denby Enters Administration
The 217-year-old Denby pottery firm has collapsed into administration, putting 500 jobs at risk. The business faced enormous financial challenges and struggled with funding in tighter markets.
Hinckley Shoe Repairs Marks 80-Year Milestone
A beloved Hinckley business, Hinckley Shoe Repairs, celebrates 80 years of operation, with owner Steve highlighting loyal customers as key to its enduring success and a new lease securing its future.
Patty & Bun Shuts Half Its UK Restaurants
Major UK burger chain Patty & Bun has announced the sudden closure of nearly half its restaurants, including four key London locations, citing challenging trading conditions.
Targa Florio Cars Collapses with £500k Debt, Leaves Creditors Stranded
High-end car dealership Targa Florio Cars in Chichester has suddenly shut down, leaving nearly £500,000 in debts to creditors. Liquidators confirm no customer money is owed, but finance companies and employees face significant losses.
Unilever in £11.9bn Food Division Merger Talks with McCormick
Unilever is in late-stage negotiations to merge its food business with US rival McCormick & Company in a deal valued at approximately £11.9 billion, involving brands like Hellmann's and Marmite.
UK Dairy Supplier Collapses, Households Warned of Impact
Every Fresh Dairy, a major supplier of milk, bread, butter, eggs, and yogurt, has collapsed into liquidation. The failure comes amid chaos in the dairy industry, with farmers warning production is no longer profitable.
Meatliquor Closes Five UK Restaurants, Keeps Only Two Open
Meatliquor, a prominent UK burger chain, has announced a major restructuring, closing five of its restaurants across the country. Only two locations in London will remain operational, alongside its sister venue BLOODsports bar.
PayPoint Restructures to Cut Costs and Boost Customer Visits
PayPoint reveals a restructuring plan to reorganize into four business units, aiming to reduce costs and increase consumer footfall in shops while expanding its Love2Shop brand.
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