5 d. ago Supermarket price war heats up as Tesco hints at more price cuts

Tesco has indicated a growing price war among UK supermarkets, with its chief executive, Ken Murphy, noting an "intensification" of competition and targeting up to £500 million in cost reductions.

Economics

5 d. ago Supermarket price war heats up in relief for squeezed consumers

Tesco has signalled that a price war is mounting within the sector.

Economics

5 d. ago Supermarket price war heats up as Tesco cites ‘very competitive market’

Chief executive Ken Murphy also refused to rule out fresh job cuts as the supermarket targets a further £500 million in savings this year.

Economics

5 d. ago Tesco declares new supermarket price war to see off threat from Asda revival

Supermarket giants says it want “flexibility and firepower” to respond to current market conditions

Events

5 d. ago Tesco declares new supermarket price war to see off threat from revived Asda

Supermarket giants says it want “flexibility and firepower” to respond to current market conditions

Events

2 w. ago How has Deliveroo turned a profit? By slashing the pay and dismantling the rights of riders like me | Shaf Hussain

Our work is dangerous and the pay only gets worse, while the CEO has just sold £15m in shares – we deserve betterShaf Hussain is a Deliveroo rider and chair of the couriers branch of the IWGB unionIt’s taken Deliveroo more than a decade to do it, but this month, the company made an annual profit for the first time. This might come as a surprise. If you live in London, you probably see one of the 15,000 or so couriers like me zooming past you several times a day. And with Covid triggering a takeaway boom five years ago, you’d reasonably assume that these apps are raking it in.But while companies such as Deliveroo and Uber have been pumped full of cash by investors, many have been losing money year after year, as they tried to squeeze competition out of the market. Twelve years into its existence, Deliveroo has finally made good on the promise to its investors and turned into a moneymaker, recording a £3m profit.Shaf Hussain is a Deliveroo rider and chair of the couriers branch of the...

Economics

4 w. ago Google’s parent to buy cybersecurity group Wiz in biggest ever deal

Alphabet’s acquisition of Israeli startup for $32bn follows rejection of takeover bid last summerGoogle’s owner, Alphabet, has agreed to buy the cybersecurity group Wiz for $32bn (£24.7bn), the biggest acquisition it has ever made.The search giant’s purchase of the Israeli startup comes as Google to catch its rivals Microsoft and Amazon in the competitive cloud services market. Continue reading...

Economics

4 w. ago Google’s parent to buy cybersecurity group Wiz in its biggest ever deal

Alphabet’s acquisition of Israeli startup for $32bn follows rejection of takeover bid last summerBusiness live – latest updatesGoogle’s owner, Alphabet, has agreed to buy the cybersecurity group Wiz for $32bn (£24.7bn), the biggest acquisition it has ever made.The search company’s purchase of the Israeli startup comes as Google attempts to catch its competitors Microsoft and Amazon in the competitive cloud services market. Continue reading...

Economics