Sales surge at Morrisons September 8, 2011 MORRISONS marked its forecast-beating first half results with a renewed effort to finally enter the online delivery market – more than a decade after its rivals launched their services. The supermarket saw an 8.9 per cent rise in first-half profits to £449m, as a focus on fresh foods, low prices and promotions helped it chip [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 15, 2011 FINANCIAL TIMES SINO-FOREST DELAYS PUBLICATION OF FRAUD REVIEW Sino-Forest, the Chinese forestry company fighting allegations of fraud, has delayed publication of its internal review into claims made by research outfit Muddy Waters that triggered a collapse in the company’s share price in June. An independent committee has presented an interim report to Sino-Forest’s board but [...]
Government bans injury claim referral fees September 9, 2011 The government has banned the referral fees paid for customer data that have been blamed for a surge in personal injury claims against car insurers, retailers and the NHS. The Ministry of Justice has said the ban on such fees, to apply solely to personal injury cases, is designed to tackle the alarming rise in [...]
Insurers hit out at no win no fee claims September 5, 2011 AMBULANCE-CHASING lawyers came under fire from major UK retailers and insurers demanding reform of the booming market for personal injury claims yesterday. Businesses led by the Association of British Insurers are fighting back against a surge in “no win no fee” legal actions behind a 72 per cent jump in the number of bodily injury [...]
Aldi and Lidl grow their market share July 19, 2011 DISCOUNT supermarkets have grown their market shares as cash-strapped customers seek out bargains. Aldi and Lidl saw strong market share growth in the 12 weeks to 10 July, according to figures from the Kantar Worldpanel. Aldi achieved a 20.2 per cent rise in UK market share to 3.5 per cent. Lidl’s share rose 15.6 per [...]
Retailers and insurers campaign for no-win-no-fee reform September 5, 2011 Insurance companies are to join with some of the UK’s biggest retail brands in a new campaign to crack down on no-win-no-fee legal claims. The Association of British Insurers is working with carmaker Ford, supermarket chain Asda and pub group Whitbread to call for reform of the UK’s injury compensation system that has led to [...]
Retailers and insurers campaign for no-win-no-fee reform September 5, 2011 Insurance companies are to join with some of the UK’s biggest retail brands in a new campaign to crack down on no-win-no-fee legal claims. The Association of British Insurers is working with carmaker Ford, supermarket chain Asda and pub group Whitbread to call for reform of the UK’s injury compensation system that has led to [...]
Tesco hits out after £10m fine for fixing cheese price August 10, 2011 TESCO has threatened legal action and called for the Office of Fair Trading to be dismantled after being hit with a £10m fine for fixing cheese prices between 2002 and 2003. A seven-year investigation by the watchdog ended with Arla, Asda, Dairy Crest, McLelland, Safeway, Sainsbury’s, The Cheese Company, Wiseman and Tesco being fined £50m [...]
Supermarket giants signal woe June 28, 2011 Two bulwarks of the retail sector, Asda and Sainsbury, painted a bleak picture of the UK retail economy yesterday. Consumers are in recession, Asda’s chief financial officer told a conference. “Do I expect it to improve any time soon? No, I do not,” said Judith McKenna. Her views were echoed by Sainsbury finance director John [...]
Tesco hits back after £9.6m price fixing fine August 10, 2011 Tesco has hit back at a record fine imposed by the competition regulator today for its role in a ring of supermarkets and dairy companies that fixed price of milk and cheese for more than a year. The Office of Fair Trading has fined UK’s biggest supermarkets and dairy companies have been fined £49.5m for [...]