Retail giants set for battle June 14, 2009 SUPERMARKET heavyweights Tesco and J Sainsbury are set to battle it out this week for retail supremacy, when they both announce sales results for the past quarter. Tomorrow, Tesco is expected to report an underlying rise in sales of between 4 and 4.5 per cent, lagging behind J Sainsbury’s predicted 7 per cent growth. Tesco, [...]
THE TIPSTER June 14, 2009 AGGRESSIVE DISCOUNTING TO LIFT TESCOTHERE were rumours flying around the markets last week of a profit warning by Carrefour – the world’s second largest supermarket – but this side of the Channel, things in the grocery market are looking a lot rosier. Morrisons has been doing well, as has Sainsbury’s. But size does seem to [...]
CITY TRADER OFFERS GAMBLERS A FLUTTER ON A LOTTERY OF HIS LIFE June 10, 2009 REMEMBER the man who, last year, decided to mend his broken heart after a divorce by selling his entire life on eBay, house, car, job and all? Well, one enterprising City boy has decided to go one better – he’s started a competition for entrants to “win a new life”, and stands to make millions [...]
J Sainsbury gives King a royal payout June 10, 2009 SUPERMARKET giant J Sainsbury handed out £5m in pay and share bonuses last year to chief executive Justin King after he hit performance targets, it was revealed yesterday. After receiving a basic salary of £872,000 for the 52 weeks ended 21 March 2009, King then received a further £1.17m in bonuses, pension supplements and benefits. [...]
Premium food brands are staging a comeback June 2, 2009 AFTER the extensive coverage that the ascent of the discounter retailers received throughout 2008, it may come as a surprise to hear that the trend has been reversing for the past six months. From the beginning of January 2008 through to mid-November, the value-brand supermarkets of Aldi, Lidl, Netto and Somerfield achieved an average uplift [...]
Premium food brands are staging a comeback June 2, 2009 AFTER the extensive coverage that the ascent of the discounter retailers received throughout 2008, it may come as a surprise to hear that the trend has been reversing for the past six months. From the beginning of January 2008 through to mid-November, the value-brand supermarkets of Aldi, Lidl, Netto and Somerfield achieved an average uplift [...]
Hop & glory May 27, 2009 MOST people, when they think of a thirst-quenching beer for summer, probably go no further than lager. Now, there is nothing wrong with a good lager, the problem is simply that there are plenty of sub-standard ones about. The pints of fizz flowing from the beer-taps of many pubs are second-rate and suffer from mass-production. [...]
Hop & glory May 27, 2009 MOST people, when they think of a thirst-quenching beer for summer, probably go no further than lager. Now, there is nothing wrong with a good lager, the problem is simply that there are plenty of sub-standard ones about. The pints of fizz flowing from the beer-taps of many pubs are second-rate and suffer from mass-production. [...]
M&S set for dividend cut as slump bites May 17, 2009 STUART Rose, executive chairman of Marks and Spencer, will today meet with the rest of the board to discuss an expected dividend cut, a decision that could propel the group into a battle with its investors. Analysts expect M&S’ total dividend payout to be slashed to just 17.4p, a reduction of 23 per cent, just 12 months [...]
M&S set for dividend cut as slump bites May 17, 2009 STUART Rose, executive chairman of Marks and Spencer, will today meet with the rest of the board to discuss an expected dividend cut, a decision that could propel the group into a battle with its investors. Analysts expect M&S’ total dividend payout to be slashed to just 17.4p, a reduction of 23 per cent, just 12 months [...]