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The online supermarket says the Covid pandemic has permanently changed the grocery landscape worldwide.

Susannah Streeter, senior investment and markets analyst. Hargreaves Lansdown: As the world’s largest tourism and travel operator, TUI’s fragile financial position shows Covid-19 is still a treacherous tide threatening to drag the global travel industry’s recovery off course. Despite significant progress in reducing monthly cash burn, TUI posted a €699 million loss for the first quarter. Revenues were down 88% due to travel restrictions in European markets with many hotels in key winter sun resorts remaining closed. Yet there are chinks of light appearing through the curtains. Demand ...

At the height of the dotcom boom, a start-up called Webvan debuted on the New York Stock Exchange. By the end of its first day, this internet grocery delivery firm had seen its stock soar by two-thirds and its market value surpass $8billion. Two years later, it went bankrupt. Since that time, the share of groceries purchased on the web in the UK rose slowly and was only about 7 per cent prior to the Covid-19 pandemic. Suddenly, within a matter of weeks last year, supermarkets had to ramp up their digital operations as online customer orders went from a ripple to a deluge.

Pets at Home sales surge as animal ownership soars Pets at Home has reported an 18 per cent leap in revenue to £302m for the third quarter of 2020. The UK’s leading pet care firm showed a strong performance despite coronavirus lockdowns effecting store openings on both a regional and national level. Trading built momentum over the festive period, with like-for-like sales seeing a 17.6 per cent rise as customers took advantage of its click and collect service. The group anticipates full-year pre-tax profit of at least £77m, with a current share price of 403.2. Peter Pritch...

The chief executive says the industry remains robust but must redirect it focus to account for consumer trends that will remain in the post-pandemic market