UK

Ocado Shares Hit By Slowdown In Warehouse Rollouts

Ocado has said it is on track to turn cash flow positive in 2025/26, but its shares fell on concerns over a slowdown in warehouse rollouts.

Aldi UK is to give its hourly-paid store workers a second pay rise in two months to match the increased level offered by rival Lidl GB.

New Look today announced it will be winding down its Irish operations following several years of losses and challenging market conditions.

British inflation reached a 10-month high of 3.0% in January and is likely to rise further, testing the Bank of England’s confidence.

Irish exports in 2024 reached €224 billion – an increase of €28 billion on 2023 – according to the Central Statistics Office.

British retailers reported a reasonable start to 2025 after a disappointing 2024 but remain concerned about rises in employment costs.

The UK arm of German discount supermarket Lidl will give its 28,000 hourly pay workers a pay rise of at least 2.8% it said on Monday.

The UK saw growth in food sales as customers turned to cooking from scratch as they battled cost of living concerns, according to NIQ.

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