Tesco hopes to win back sales with new items October 6, 2013 TESCO will today unveil a revamped version of its Finest range, which Britain’s biggest supermarket hopes will win over shoppers and shareholders following grim half-year results. The FTSE 100 firm, whose market share is dipping as the discount supermarkets grow, is expected to lay out 1,500 new or redesigned products ahead of the Christmas rush. [...]
Entertainment One set to pick Allan Leighton as new chairman September 2, 2013 CITY heavyweight Allan Leighton is in line to take the top job at media group Entertainment One, it emerged last night. The ex-Royal Mail chairman and former Asda chief executive is reported to be preparing to take the job at the business which co-owns television sensation Peppa Pig, and which backed the Twilight film series. The [...]
Any Other Business – 03/09 September 2, 2013 A few corks, or bottle tops, will be popping at supermarket Asda over the news that the chain’s own-brand Extra Special Golden Ale (pictured) is all the rage in Japan. The bottled drink is the second-best-selling beer over all the 368 branches of Japanese supermarket chain Seivu, according to the Grocer magazine. In fact, it [...]
Kennedy Wilson and Varde buy UK shopping centres for £250m September 5, 2013 US PROPERTY investment and services firm Kennedy Wilson and debt specialist Varde Partners yesterday agreed to buy a portfolio of eight UK shopping centres out of administration for $388m (£250m). Kennedy Wilson did not disclose which shopping malls they had acquired but said they were spread across England and Scotland and spanned a total of [...]
What the other papers say this morning – 09 September 2013 September 8, 2013 FINANCIAL TIMES Capital warning from bank reformer The chief architect of Britain’s post-crisis regulatory reforms believes banks’ capital levels should be double the level recommended two years ago by the government-appointed commission that he led. Sir John Vickers told the Financial Times that in a “blue-skies” world banks’ core tier one capital ratios would now [...]
Kate Bostock returns to the high street as Coast boss August 20, 2013 KATE Bostock, former head of general merchandise at Marks & Spencer, is to make a return to the high street next month as chief executive of Coast, the womenswear brand confirmed yesterday. Bostock’s appointment comes just weeks after she stepped down from Asos after a short-lived seven month stint as executive director at the online [...]
Kingfisher cuts back on space to save on costs September 11, 2013 B&Q OWNER Kingfisher said yesterday it is to scale back or exit 18 of its stores across the UK as the DIY retailer looks for ways to ease its lease burden and boost profitability. Several retailers, including Topshop owner Arcadia, have been shedding stores as leases come up for renewal to reflect changes in [...]
Supermarket contract wins lift Cranswick sales July 29, 2013 Sausage-maker Cranswick posted a 10 per cent rise in underlying sales in the first quarter of the year after winning fresh pork contracts in the period with supermarkets Asda and M&S.The company said total sales in the three months to 30 June were up 12 per cent when taking into account contributions from two recent [...]
Sainsbury’s sales boost retailer to a larger share of the market August 28, 2013 SAINSBURY’S has successfully raised its share of the market through 2013, with sales growing as other retailers slip behind. In the 12 weeks to 18 August, Sainsbury’s saw a 49 per cent hike in sales, when compared to the same period last year, rising from £3.86bn to £4.05bn. According to the figures, collected from 30,000 [...]
Any Other Business – 16/08 August 15, 2013 ■ Jessica Ennis-Hill is boring under the streets of London, as the namesake for Crossrail’s seventh tunnelling machine. The 1,000 tonne boring machine, whose name was picked by local primary school children, will start building a new 1.7 mile Crossrail tunnel from Pudding Mill Lane to Stepney Green. She will soon by joined by a [...]