Property firm Hammerson hires Sainsbury’s head as chairman January 14, 2013 DAVID Tyler, the chairman of Sainsbury’s, is to take on another FTSE 100 role, after it was announced yesterday he will replace John Nelson as chairman of property giant Hammerson. Tyler, who has also been a non-executive director at luxury group Burberry for more than a decade, will join the board with immediate effect on [...]
Clegg slammed for slapping 5p tax on supermarket plastic bags September 15, 2013 NICK Clegg’s plan for a 5p charge on plastic bags was yesterday branded unworkable, as critics said the plan was a distraction that would be difficult to enforce. The Deputy Prime Minister announced on Saturday that the policy had won coalition backing to introduce the charge in England from 2015, in an attempt to cut [...]
London Report: UK data to show the economy in healthier state September 29, 2013 EXPECTED improvements in the purchasing managers’ index (PMI) data for manufacturing, construction and services this week should all point to further signs of the UK’s economic growth. “The purchasing managers’ surveys are expected to show further robust growth in September across the services, manufacturing and construction sectors which would bode well for hopes that GDP [...]
Tesco and Sainsbury’s maintain share after a festive dead-heat January 15, 2013 BRITAIN’S biggest retailer Tesco and third-place grocer Sainsbury’s tied in the battle for sales growth in the key Christmas period, according to data published yesterday. Market researcher Kantar Worldpanel said Tesco and Sainsbury’s both posted identical gross sales growth rates of 3.9 per cent in the six weeks ending 6 January, with market shares unchanged [...]
Analyst Views | Did Sainsbury’s update make you alter your recommendation? January 9, 2013 PHILIP DORGAN PANMURE GORDON Third quarter showed a slower level of sales growth…Therefore, in common with its peers, Sainsbury is failing to deliver a decent return on substantial investment. This needs to change. We expect space growth to slow investment to shift online and ultimately to see significant and recurring returns. SAM HART CHARLES STANLEY [...]
Profits and market share increase at Sainsbury’s November 14, 2012 Supermarket J Sainsbury this morning beat expectations by reporting pre-tax profit of £373m over the half year to September, up 5.4 per cent year on year. The supermarket chain’s market share ticked up to 16.7 per cent, the highest for almost a decade, following 31 consecutive quarters of like for like sales growth. J Sainsbury [...]
Tea expert who’s found a new blend September 23, 2013 Annabel Palmer talks to Mike Brehme, who is transforming hot drinks for the second time WHAT do you do when you’ve already transformed that most British of pastimes – drinking tea? That was the conundrum facing Mike Brehme – co-founder of Clipper Teas, whose newest venture FruitBroo has recently come onto the shelves at Sainsbury’s [...]
Sainsbury’s has top quarter for market share December 4, 2012 SAINSBURY’S has picked up market share in the last quarter, to make it the biggest winner among the overall grocery market, data revealed yesterday. According to figures from market researcher Kantar Worldpanel the supermarket’s sales rose 4.7 per cent and its share rose 0.2 points to 16.9 per cent in the 12 weeks to 25 [...]
Morrisons and Ocado split over online sales tax July 28, 2013 WM MORRISON and Ocado bosses are heading for a clash over controversial plans to launch an online sales tax. The two companies last week formally completed a £216m licensing agreement that will allow Morrisons to launch an online grocery service by January 2014. However the debate surrounding the mooted tax has put Dalton Philips, the [...]
Labour’s plot to hike corporation tax is short-sighted nonsense September 23, 2013 WHAT, exactly, does the Labour party think it is doing? It wants to hike – yes, hike – corporation tax if it is elected in 2015, the latest of a long list of utterly destructive policies unveiled in recent days. The idea is that this will “pay” for a freeze in business rates on small [...]