CITY VIEWS | HAS MARKS & SPENCER LOST ITS SPARK? May 22, 2012 PORTOLEIO MATTHEW CHARTIS I don’t think so. Its retail services are very good so this is just due to reduced profitability in the economy. If you compare it with Sainsbury or Tesco it is a much higher value brand and its bakery is exceptional. NATASHA RUSKINA IG GROUP No. I think this dip is just [...]
CITY VIEWS | HAS MARKS & SPENCER LOST ITS SPARK? May 22, 2012 PORTOLEIO MATTHEW CHARTIS I don’t think so. Its retail services are very good so this is just due to reduced profitability in the economy. If you compare it with Sainsbury or Tesco it is a much higher value brand and its bakery is exceptional. NATASHA RUSKINA IG GROUP No. I think this dip is just [...]
Tesco sales fall June 11, 2012 Tesco, the world’s third-biggest retailer, has seen a drop in quarterly underlying sales in its main British market, showing its recovery plan following a shock profit warning in January is taking time to gain traction. The supermarket group, with over 6,000 stores in 14 countries, said consumer confidence was subdued across all of its markets, [...]
LONDON REPORT June 10, 2012 THE week starts with a quarterly trading statement from grocer Tesco, which is expected to report a fall in earnings because of tough economic conditions and fierce competition. Tomorrow will see the release of the UK’s latest industrial production and manufacturing data, plus a speech from Paul Tucker, deputy governor of the Bank of England. [...]
Sainsbury’s buoyed by fuel and clothing October 5, 2011 SAINSBURY’S yesterday reported a like-for-like sales lift, with clothing one of its top performers. The retailer’s sales were up 1.9 per cent excluding fuel in the quarter to 1 October. Its convenience stores business continued to grow at a rate of 20 per cent, with sales growth stronger than in its supermarkets. It said its [...]
Sainsbury’s to join price match battle October 9, 2011 SAINSBURY’S will turn up the heat this week in the price war between the UK’s leading supermarkets with a pledge to match thousands of prices at rivals Tesco and Asda. The supermarket announced yesterday that it will start its “brand match” campaign this Wednesday, just two weeks after Tesco launched a £500m “Big Price Drop” [...]
Sainsbury’s to join price match battle October 9, 2011 SAINSBURY’S will turn up the heat this week in the price war between the UK’s leading supermarkets with a pledge to match thousands of prices at rivals Tesco and Asda. The supermarket announced yesterday that it will start its “brand match” campaign this Wednesday, just two weeks after Tesco launched a £500m “Big Price Drop” [...]
Sainsbury’s in £1m deal for digital firm October 11, 2011 SAINSBURY’S has delved further into the market for consumer digital downloads, paying £1m to buy Global Media Vault (GMV) from MBL Group. The supermarket already had a strong relationship with GMV, through an online service launched in November last year that enables customers to buy music and other entertainment products. Yet Sainbury’s is now moving [...]
LONDON REPORT May 7, 2012 THE bank holiday began a short trading week in London that is nevertheless crammed full of corporate results, as well as the much-anticipated Bank rate decision. Results are expected today from Hiscox, HSBC and Tui. Tomorrow’s announcements are set to come from EasyJet, Inmarsat, ITV, Sage, Glencore, ICH Group, Balfour Beatty, Prudential, Carphone Warehouse, Weir [...]
Supermarkets kick off petrol price drop wars May 15, 2012 TWO of the UK’s top four supermarkets have said they will cut fuel prices from today, passing on savings to customers as the cost of wholesale oil continues to fall. Sainsbury’s and Morrisons – the third and fourth biggest supermarkets by market share respectively – both confirmed yesterday they will cut petrol prices by up [...]