Iceland

  1. Supermarket teen spends extra wages on NHS staff

    A teenager who has been working overtime since her college closed has been spending her extra wages on treats for NHS staff.

    Iceland boss Richard Walker paid tribute to 17-year-old Aleece who works in the supermarket in Ebbw Vale.

    "So proud to have on you the team, Aleece!" he said.

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  2. Iceland stores on 'frontline in a war'

    Iceland boss Richard Walker has felt like he is on "the front line in a war" because of coronavirus.

    The managing director of the Deeside-based chain said the firm had a million pairs of gloves arriving on Saturday for staff, with masks on the way.

    He told Radio 4's Today programme: “We’ve always called our store teams frontline colleagues but I suppose in the last two weeks we’ve really felt on the frontline in a war.

    "And, of course, to me their safety is absolutely paramount."

    The business was enforcing social distancing rules and installing protective screens at tills.

    “It is a reality of any shop worker’s daily life at the moment that they are facing customer abuse and frustration around lack of stock or availability, that sort of thing," Mr Walker said.

    “There’s a lot being asked of us."

    Iceland boss Richard Walker felt like he was in "the front line in a war" because of Covid-19
    Image caption: Iceland boss Richard Walker felt like he was in "the front line in a war" because of Covid-19
  3. Virgin Active owner's shares plunge 15% over rights issue

    Iceland branch

    Virgin Active and Iceland supermarket investor Brait will flog some of its assets over the next five years to shore up its finances.

    The South African investment firm saw its shares plunge 15% today as it announced a major rights issue.

    It said that the "recapitalisation of assets" will reduce and extend the maturities of its debt, providing the opportunity to focus on growth elsewhere in its portfolio.

    The company also plans to launch an equity capital fundraiser for up to 5.6 billion Rand (£300m) as it seeks to pay debts ahead of fast-approaching deadlines.

    Brait said Iceland turnover has risen by 2.4% over the 24 weeks to 13 September, driven by the opening of 29 stores across the UK.

    Meanwhile, revenues at Virgin Active increased by 3% to £451m for the nine months to 30 September.

  4. Burnham-on-Sea boy stars in this year's Iceland Christmas advert

    Image of an Iceland superstore storefront

    A 10-year-old boy from Burnham-on-Sea is starring in this year's Iceland Christmas advert.

    Beau Plested plays the son in a family Christmas scene which features characters from the film Frozen.

    The advert took four days to film and Beau even got his own dressing room.

  5. Discounters challenge Big Four supermarkets

    Supermarket

    The UK's big four supermarkets all lost market share in the 12 weeks to 19 May, market research company Kantar says, as discounters gained ground.

    Tesco's share fell to 27.3% from 27.7% a year ago, while Sainsbury's and Asda had equal shares of 15.2%, after sales fell by 1.7% and 0.2% respectively.

    Sales at Morrisons fell 0.4%, giving it a share of 10.4%.

    Like-for-like sales were unchanged at leader Tesco and fell at Sainsbury's, Asda and Morrisons.

    German discounters Aldi and Lidl continued to record strong growth, with sales up 11.1% and 8.5% respectively, giving them a record combined market share of 13.8%.

    Sales at Ocado, Iceland, and Waitrose were also up on a year ago.