Free cash machines closing at record rate - Ashdale Business Consulting

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Free cash machines closing at record rate

September 12, 2018

  More than 250 free-to-use cash machines are disappearing a month as operators shut unprofitable ones, the network co-ordinator Link has said. There are 53,000 free machines in the UK – but the number is shrinking at a record rate as people use less cash. Now the Payment Systems Regulator (PSR) is cracking down on Read More…


Tesco: Why the supermarket is going discount with Jack’s

September 12, 2018

  Tesco is expected to reveal a new brand next week at a store in Cambridgeshire that was mothballed three years ago. Some “exciting news” has been promised by the UK’s biggest supermarket chain next Wednesday, at a media event in Chatteris. The outlet is expected to be named Jack’s, the first of a new Read More…


Debenhams shares plunge 17% as it calls in KPMG

September 10, 2018

  Shares in Debenhams plunged 17% after the troubled retailer called in advisers as it considers plans that could lead to the closure of stores. Debenhams is considering a list of options that include a company voluntary agreement (CVA), a controversial way to reduce debts and close stores, Sky sources said. Other options the firm Read More…


Jamie Oliver teams up with Tesco

September 10, 2018

  Chef and author Jamie Oliver is teaming up with Tesco for the first time to promote the company’s food products. He has created a series of recipes and tips for Tesco, which will include “healthier” recipes from scratch. His fee has not been disclosed. Mr Oliver earned more than £10m from a previous 11-year Read More…


Agrial Group acquires UK cider producer Aston Manor Cider

September 10, 2018

  French agricultural co-operative Agrial Group has acquired UK-based drinks producer Aston Manor Cider for an undisclosed figure. Aston Manor Cider has a number of cider brands present in the UK market such as Kingstone Press, Frosty Jack’s and Chardolini, and the company reported revenues of £134 million in 2017. According to a statement from Read More…


Asda ends shoppers’ price guarantee scheme

September 7, 2018

  Supermarket giant Asda is to end a scheme which refunded shoppers if the items they bought cost more than in rival stores. The Asda Price Guarantee was launched in 2010, promising a basket of shopping at the chain would be 10% cheaper than at the UK’s other large grocery chains. If not, Asda would Read More…


Starbucks opens first outlet in Italy

September 7, 2018

  It has taken more than two years to build, but on Friday, Starbucks will open its first Italian outlet. The company’s Milan “roastery” goes far beyond the usual latte production line. The marble-floored store will offer a “theatre of coffee roasting, brewing and mixology”, as well as cocktails, pizza, bread and ice cream. Local Read More…


Amazon’s market value tops $1tn

September 5, 2018

  Amazon has briefly become the second US-listed firm to have a market value of more than $1 trillion (£779bn). Shares in the e-commerce giant rose nearly 2% to a high of $2,050.50 in morning trade before slipping back. Apple reached the same milestone in early August. Founded in 1994, Amazon is now the world’s Read More…


Coca-Cola to buy Costa coffee for £3.9bn

August 31, 2018

  Coca-Cola is to buy the Costa coffee chain from owner Whitbread in a deal worth £3.9bn. Whitbread had intended to spin off the chain as a separate firm, but said a straight sale was more profitable. Chief executive Alison Brittain said Whitbread would now focus on its Premier Inn business in the UK and Read More…


PepsiCo buys Sodastream for $3.2bn

August 20, 2018

  PepsiCo has announced it is buying Sodastream for $3.2bn (£2.5bn). Israel-based Sodastream makes a machine and refillable cylinders allowing users to make their own carbonated drinks. The deal gives Pepsi a new way of reaching customers in their homes at a time when its signature sugary drinks are becoming less popular. It is also Read More…