Sainsbury’s wins complaint against Tesco’s price matching guarantee advert, after watchdog ASA bans it for being misleading March 2, 2016 Tesco's price-matching "brand guarantee" advert has been banned for being "misleading" after a regulator upheld a complaint made by rival supermarket Sainsbury's today. The advert, which appeared in national press in October last year as part of chief executive Dave Lewis' update from its earlier price promise, said consumers would "never pay more for your branded shop". [...]
My best friend the algorithm is a better human than you are February 24, 2017 Thanks to my friends, I discover some outstanding TV drama from time to time. Like Lost, for example, or the first three seasons of Homeland. Two years ago, someone suggested that I watch a show. To be precise, they did not suggest, they insisted – indeed, demanded – sending me message after message which said: [...]
Shop prices continued to fall over Christmas – but inflationary pressures are pushing up clothing prices January 4, 2017 The British Retail Consortium (BRC) has called the start of a likely rise in inflation as it reported overall shop prices fell by 1.4 per cent in December, a deceleration from the 1.7 per cent fall in the previous two months. The sharp fall in the value of the pound since the Brexit vote has not [...]
Supermarket wines from Aldi, Asda, Tesco, Waitrose, Marks & Spencer and others uncork victory at International Wine Challenge May 11, 2016 Supermarket wines won big yesterday at the 2016 International Wine Challenge (IWC), with budget grocers Aldi and Asda joining premium brands such as Waitrose and Marks & Spencer in the gold-winning big leagues. Gold medals were award to 28 wines created for supermarkets in total at the world-renowned competition, which included offerings from Aldi, Asda, [...]
These are the UK’s best and worst banks – look away now Barclays users February 17, 2017 Feeling disappointed by your service at Barclays? Well, research shows you're not alone. Barclays has been voted the worst British bank yet again, falling to the bottom of MoneySavingExpert's twice yearly poll. But Barclays isn't the only high street lender that had a poor showing. HSBC and Royal Bank of Scotland (RBS) came towards the bottom of the table, as 21 per cent of [...]
Entrepreneur Luke Johnson and Casual Dining Group said to be bidding for Tesco-owned restaurant chain Giraffe April 24, 2016 Friendly-dining restaurant chain Giraffe has piqued the interest of serial entrepreneur Luke Johnson and the hospitality giant behind Bella Italia and Las Iguanas. Casual Dining Group, which also owns Cafe Rouge, could be set to lock horns with Johnson in the race to buy the Tesco-owned restaurant chain, reported the Sunday Times. Tesco announced it was [...]
With Tesco’s profits up but facing an “uncertain market”, has Dave Lewis saved the supermarket? April 14, 2016 John Ibbotson, director of retail consultancy Retail Vision, says Yes. Yesterday’s fall in Tesco’s share price should be taken with a Value sack of salt. Chief executive Dave Lewis is achieving an extraordinary feat, turning around an oil tanker in a very tight spot. With Tesco hemmed in by ruthless competition and food price deflation, it’s [...]
These are the FTSE companies with the highest and lowest chief executive pay ratios March 15, 2017 With AGM season around the corner, and remuneration set to be a top issue for investors, chief executive pay ratios could again be about to come under the microscope. And while the certain retailers could feel the heat, a number of City firms should be able to rest easy. Pensions & Investment Research Consultants (Pirc) has drawn [...]
Supermarket sales rise over Easter – but prove egg-sasperating for Tesco, Morrisons and Asda April 5, 2016 It could have been so easy for supermarkets. Not only are prices at an all-time low, but an early Easter pushed sales up compared with last year, new figures have shown. But while the Easter bunny hopped along to most of the nation's retailers, the big four continued to struggle. The figures, by Kantar Worldpanel, showed sales [...]
Morrisons (MRW) share price dips at the open after it reports annual profits and sales growth for first time since 2012 March 9, 2017 Morrisons has reported a 50 per cent increase in profit for the year to 29 January, with turnover and earnings growing despite store closures. The figures Turnover was up 1.2 per cent to £16.3bn, from £16.1bn the year before. Profit before tax rose by 49.8 per cent, to £325m from £217m, while underlying pre-tax profit was [...]