Sainsburys ups market share as Morrisons lags November 6, 2012 J SAINSBURY, Britain’s third-biggest supermarket group, has lifted its market share, helped by investment in its cheaper own-brand products, industry data showed yesterday. Market researcher Kantar Worldpanel said Sainsbury’s sales rose 6.4 per cent in the 12 weeks to 28 October, increasing its share of the UK grocery market to 16.8 per cent from 16.4 [...]
The Tipster | Bookmaker to pay over the odds October 1, 2012 ATTENTION will be focused on William Hill this week. The UKs largest bookmaker has recently been told that a £350m offer for Sportingbet “significantly undervalues” the online sports betting company. With Sportingbet due to report tomorrow, investors will be closely monitoring whether William Hill is likely to pay over the odds. Spread Co quotes a [...]
Leading firms support supply chain finance October 23, 2012 LEADING British firms including Tesco, BAE Systems and BT yesterday gave their backing to the government’s “supply chain finance” scheme, which aims to boost working capital for small businesses. David Cameron hosted business leaders at a Downing Street roundtable, where 38 leading firms agreed to actively consider implementing the scheme. Rolls-Royce and Vodafone, who already take [...]
Leading firms support supply chain finance October 23, 2012 LEADING British firms including Tesco, BAE Systems and BT yesterday gave their backing to the government’s “supply chain finance” scheme, which aims to boost working capital for small businesses. David Cameron hosted business leaders at a Downing Street roundtable, where 38 leading firms agreed to actively consider implementing the scheme. Rolls-Royce and Vodafone, who already take [...]
Tesco posts 10.5 per cent profit drop October 3, 2012 Tesco posted a 10.5 per cent drop in first-half trading profit this morning. Over the six months to 25 August, profit came in at to £1.6bn. A £1bn capital investment programme, to stem a decline in market share to chains such as Asda, Sainsbury’s and Morrisons, was largely responsible for the firm’s first fall in [...]
Tesco posts 10.5 per cent profit drop October 3, 2012 Tesco posted a 10.5 per cent drop in first-half trading profit this morning. Over the six months to 25 August, profit came in at to £1.6bn. A £1bn capital investment programme, to stem a decline in market share to chains such as Asda, Sainsbury’s and Morrisons, was largely responsible for the firm’s first fall in [...]
The proof is in the pudding at Sainsbury’s January 11, 2012 J SAINSBURY has reported a record Christmas despite the gloomy economic backdrop, as cash-strapped customers treated themselves during the festive season. Britain’s third largest supermarket said like-for-like sales excluding fuel and VAT and rose 1.2 per cent in the third quarter to 7 January, above analysts’ consensus of 0.9 per cent. The grocer reported 26m [...]
City Moves | Who’s switching jobs October 15, 2012 Alvarez & Marsal Taxand The tax advisory firm has appointed Stephen Labrum as a managing director and global head of transfer pricing. He joins after 13 years at Ernst & Young, where was a transfer pricing partner. Allianz Global Investors The asset management firm has appointed Andy Wiggins to the newly-created role of head of [...]
Champagne: is bigger better? October 8, 2012 City A.M.’s wine industry expert When you think about buying a bottle of Champagne, which names immediately spring to mind? Bollinger? Moet & Chandon? Brands like these carry a hefty price tag but whether their wines are better than the cheaper alternatives is up for debate. You can buy a bottle of Tesco-branded Champagne for [...]
ANALYST VIEWS: HOW DID SAINSBURY’S FARE AGAINST RIVALS? January 11, 2012 PHILIP DORGAN | PANMURE GORDON A continued strong performance from Sainsbury… we believe that it continues to be underestimated by the market. True, its reported sales growth period is longer than for Morrison… but we believe that it had a good Christmas. KEITH BOWMAN | HARGREAVES LANSDOWN In all, Sainsbury has again surprised on the [...]