Sainsbury wins shoppers over with coupons November 14, 2012 J SAINSBURY boss Justin King said the supermarket’s Nectar data and coupon-at-till scheme would give it the edge over rivals ahead of another competitive christmas, as it reported a rise in half-year profit. Britain’s third largest supermarket beat forecasts with a five per cent rise in first-half profit to £373m, driven by convenience store growth [...]
CBRE GI’s supermarket sweep October 15, 2012 CBRE Global Investors yesterday said it has bought five supermarkets across the UK for around £62m. The acquisitions include two Waitrose stores in Frimley and East Grinstead, two Sainsbury’s stores in Chadwell Heath and West Wickham and a Co-op in Leeds. “These five acquisitions offer secure income streams of more than 15 years and with [...]
Car sales get on the road September 24, 2012 Consumers are piling into the car market, according to data released by Sainsbury’s Bank yesterday. Some 9.8m people intend to buy a car in the coming six months, the data shows, a three per cent jump on the previous six-months. But the report also warned that many car purchases would be on the more frugal [...]
Car sales get on the road September 24, 2012 Consumers are piling into the car market, according to data released by Sainsbury’s Bank yesterday. Some 9.8m people intend to buy a car in the coming six months, the data shows, a three per cent jump on the previous six-months. But the report also warned that many car purchases would be on the more frugal [...]
Sainsbury’s calls for high street reform February 12, 2012 SAINSBURY’S chief executive Justin King will this week urge the UK to be “brave enough” to shrink its ailing high streets and convert empty stores into houses or even classrooms. King will call for a greater mix between “retail and other activities” to help make high streets “not just a poor second to out of [...]
Who’s switching jobs November 6, 2012 Sainsbury’s Bank Peter Griffiths has been appointed chief executive of the supermarket bank, effective 19 November. He was previously chief executive of Principality Building Society. Griffiths has also worked as chief operating officer at Morgan Chambers, a consultancy, and head of commercial services at NatWest Group IT. RBC Wealth Management Nick Reid has been appointed [...]
Justin King hits out at Osborne October 9, 2012 SAINSBURY’S chief executive Justin King has criticised chancellor George Osborne’s plan to allow employees to swap workplace rights for shares in their firms. The supermarket boss told a retail conference that the plan is “not what we should be doing”, adding that such a scheme would destroy trust between the public and some of Britain’s [...]
Cheap doesn’t always mean bad but be prepared for a challenge October 29, 2012 bottleopener@cityam.com THE £5 bottle of wine has long been a staple in everyone’s shopping baskets but that’s changing. Today’s 20 per cent VAT and the general impact of inflation is quickly making it nothing more than a distant memory. With that in mind, accompanied by six City A.M. readers, I set on a quest to [...]
What the other papers say this Morning October 18, 2012 FINANCIAL TIMES ArcelorMittal explores iron ore sale ArcelorMittal is exploring the sale of a stake in its $10bn Canadian iron ore business, as the world’s biggest steel company struggles to cope with the downturn in its key commodity. People familiar with the matter said ArcelorMittal had appointed advisers and had been sounding out potential buyers [...]
City Moves | Who’s switching jobs November 4, 2012 Legal & General Property Bill Page has been appointed business space research manager at the property fund management firm. He joins from Jones Lang LaSalle, where he was most recently head of Europe, Middle East and Africa offices research. Page has also held roles at the Estates Gazette Group. Quindell Portfolio Robert Thompson has been [...]