Value is key for the grocers December 20, 2011 LAST week I looked at how the major UK banks performed on YouGov’s BrandIndex in 2011, and this week I’m turning my attention to how the supermarkets fared over the same year. An interesting starting point is to take the Index Score (which is a composite of six key attribute measures). We see that all [...]
Asda joins the petrol price war June 27, 2011 ASDA yesterday cut its fuel price for the second time in a week, sparking talks of a war at the pumps. The supermarket cut 2p from the cost of a litre of petrol, taking it down to 128.7p and 132.7p for diesel. Sainsbury’s quickly matched the cut, taking 2p a litre off from last night. [...]
Asda joins the petrol price war June 27, 2011 ASDA yesterday cut its fuel price for the second time in a week, sparking talks of a war at the pumps. The supermarket cut 2p from the cost of a litre of petrol, taking it down to 128.7p and 132.7p for diesel. Sainsbury’s quickly matched the cut, taking 2p a litre off from last night. [...]
Peacocks and Past Times hit the wall January 16, 2012 PEACOCKS has confirmed it plans to call in administrators after talks with its lenders to restructure £240m of debt collapsed. The board, chaired by former Asda boss Allan Leighton, said it is still in talks with potential investors but had filed its notice of “intention to appoint an administrator” to try and protect the 611-store [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 4, 2012 FINANCIAL TIMES EU TO PUSH QUOTA FOR WOMEN DIRECTORS The EU’s executive is to press ahead with plans for quotas to increase the proportion of women on corporate boards, triggering a protracted fight between Brussels and national governments. Viviane Reding, justice commissioner, will announce the first step towards European-level legislation, a year after she threatened [...]
Asda exec King in shock exit June 20, 2011 Chief operating officer at supermarket giant Asda, Simon King, has quit after only six months. King joined Asda on 10 January this year, moving from Saudi Arabia where he was chief executive of supermarket operator Panda Retail, a subsidiary of The Savola Group. Prior to that he was chief executive of Tesco Kipa in Turkey, [...]
ANALYST VIEWS: WERE MORRISONS’ RESULTS IN LINE WITH EXPECTATIONS? January 9, 2012 PHILIP DORGAN | PANMURE GORDON Christmas trading was slightly below best expectations, although in line with the market. Morrison’s shares were fantastic performers in 2011 and, while we see no real downside, we expect others within the sector to pick up the baton in 2012. CLIVE BLACK | SHORE CAPITAL We deem such a performance [...]
Don’t be unnerved by this retailer’s blip January 8, 2012 IN A WORLD of fierce supermarket price wars, and in the words of a well-known supermarket chain, every little helps. And every percentage point change in sales growth or underperformance can send alarm bells through the industry. Tesco’s own house broker signalling a two per cent decline in UK sales has surely raised some fears [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 2, 2012 FINANCIAL TIMES RISKY DEBT USE ON REPO MARKET HITS 2008 LEVELS The use of lower-rated debt in a key US funding market has returned to pre-crisis levels, fuelling fears that the so-called shadow banking system is becoming riskier. The repo market is an important part of the shadow banking sector, which consists of unregulated financial [...]
Tesco’s slice of market shrinks January 31, 2012 SUPERMARKET giant Tesco has seen its market share fall under 30 per cent for the first time in almost seven years as it struggled to recover from its dire Christmas trading performance, according to new data from Kantar Worldpanel. Tesco’s market share – based on a measure of how much money has gone through its [...]