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More than 170,000 employees are due to receive the one-time bonus by Ikea owner Ingka Group. Ikea will pay a total of €110m in bonuses to employees worldwide as reward for their work during the pandemic, Ingka Group, the firm that operates most Ikea’s stores, said. The group said the coronavirus crisis...

ProCook has set a price range for its planned IPO which gives it an estimated market capitalisation of between around £150 million and £200 million. In a statement, the company said the price range has been set at 137p to 185p per share, with the offer representing  up to 40% of...

Beauty brand Dr.PAWPAW has secured new funding to help accelerate its growth plans. The £2 million sum from HSBC will enable the business to import greater levels of stock to fulfil both larger orders and an increasing number from UK and international customers. Founded in 2013, the business uses sustainable and ethically-sourced...

Sainsbury’s chief executive Simon Roberts has written to customers to let them know that there will be “plenty of food” available in its stores this Christmas as he looks to reassure them in light of the global supply chain crisis. In addition, the  supermarket has posted a full list on its...

Toys“R”Us and Babies“R”Us has agreed a long-term licence agreement with a partner that will re-introduce the chain to the UK in 2022. There is a plan for web sales to UK shoppers to start over the coming months. The companies involved did not give details of when shops would open here,...

Aldi is inviting local charities, community groups and food banks to register now to receive surplus food donations this Christmas. The move forms part of the retailer’s pledge to donate 10 million meals this year to families facing hunger as it works with the Neighbourly. community engagement platform that links businesses...

JYSK is to launch its Sleep Matters Roadshow across its stores as it looks to inspire the nation with the latest professional guidance on how to achieve a better night’s sleep. In a partnership with The Sleep Charity, JYSK will run the roadshow at nine store locations across the UK  on...

Morrisons has officially ceased trading as a publicly listed company on the stock market after 54 years. The £7.1bn takeover by US private equity firm Clayton Dubilier & Rice (CD&R) was rubber-stamped by the High Court on Monday (25 October) following shareholders voting in favour of the deal earlier this month. Shares...

Chancellor Rishi Sunak announces ‘radical reform’ to beer and sparkling wine taxes. British finance minister Rishi Sunak announced what he called the biggest cut in taxes on beer in decades and the most radical simplification of alcohol duties in over a century in a boost to pubs as they struggle to...

Virgin Wines increased its group revenue by 30% to £73.6 million in the year to 30 June after it benefited from strong customer demand and increased investment in customer acquisition. The retailer said the growth was consistent across all sales channels and business segments as repeat direct-to-consumer revenues climbed by 31.5%...