Sainsbury’s is pioneering food recycling by investing £9m in establishing five plants over the course of the next two years. It aims to become the first retailer in the UK to fully manage its food waste.
Sainsbury’s, the third largest grocer of the UK, has entered into a joint venture with British food recycling specialist, Biogen-Greenfinch, to develop five sites. Sainsbury’s wants to save millions of pounds every year with a plan to send zero waste to landfill by December 2009. Read the rest of this entry »
Last Saturday, fashion giant Primark’s London store delivered its biggest one day sale in its 39-year history.
It is reported that Primark’s Oxford Street store sold in excess of £600,000, despite consumer slowdown all over the UK. Sales were boosted by a traffic-free day prior to Christmas and were much ahead of sales in London’s West End last year. Read the rest of this entry »
Orders for organic food are being cancelled and tap water is getting preference over bottled water as cash strapped shoppers are observing austerity to combat the severe credit crunch.
Shoppers who had been considering frozen food as a downmarket ghastly option and preferred fresh food as best are now turning back to frozen food to cut back waste and save money for other essentials as well. Read the rest of this entry »
Corus chief executive, Philippe Varin, is in a fighting mood and has threatened to shift its steelmaking operations in Europe to China if carbon emission regulations were not amended. Read the rest of this entry »
With the remaining days of Christmas shopping will be most decisive for the struggling high street stores, depending on how much prepared cash strapped shoppers are to spend on festival celebrations. The last week is generally the busiest days for the retail industry, which partly compensate for consumer downturn prevailing through other days of the year. Read the rest of this entry »
British film and television export suffered a big hit for the first time in last 5 years, with an official release mentioning that the export of services and programmes fell during the year.
Britain’s creative industries, which had been highly successful in exporting widely viewed popular programmes, took a major blow. Read the rest of this entry »
The second largest airline, BMI British Midland, operating at London Heathrow, has warned of biggest loss in its history in the current year.
BMI chief executive, Nigel Turner, informed its staff that group was facing the worst crisis and therefore needed restructuring. Read the rest of this entry »
BA is exploring possibility of a potential merger with Qantas in a bid to consolidate global aviation industry.
In response to an initial approach from Qantas, BA revealed that it was exploring the feasibility of a merger in ‘dual-listed company structure’ with the Australian flag carrier. Read the rest of this entry »
The British Airport Authority (BAA) has finally agreed to the appointment of a watchdog who will independently monitor air quality and noise, if it is allowed to operate flights from a third runway at the Heathrow airport.
There have been several complaints against third runway plan and critics are worried that it would not be used for reducing present load on existing facilities and improvement of services but would be utilised for increasing more number of flights. Read the rest of this entry »
In its attempts to lure cash strapped customers with cheaper products, Tesco’s sales growth touched it’s lowest since mid-1990s.
The biggest supermarket chain in Britain, reported that excluding petrol its like-for-like sales rose only by 2% in past 3 months, amounting to half the growth it had achieved in the previous quarter. Read the rest of this entry »