J Sainsbury sales growth slows down October 7, 2009 J SAINSBURY, hot on the heels of supermarket archrival Tesco, yesterday revealed that its second quarter sales growth had slowed as food inflation eased in the autumn. Sainsbury’s said like-for-like sales growth, excluding fuel, slowed to 4.6 per cent rise for the 16 weeks to 3 October down from seven per cent in the previous [...]
Cranswick brings home the bacon as sales rise October 7, 2009 PORK supplier Cranswick yesterday said that its first half sales rose in-line with expectations, helped by an acquisition. Cranswick – which supplies fresh pork and gourmet sausages to the UK’s food retail and manufacturing sectors – said the business had been impacted by a rise in pig prices, although these now appear to have peaked. [...]
Cranswick brings home the bacon as sales rise October 7, 2009 PORK supplier Cranswick yesterday said that its first half sales rose in-line with expectations, helped by an acquisition. Cranswick – which supplies fresh pork and gourmet sausages to the UK’s food retail and manufacturing sectors – said the business had been impacted by a rise in pig prices, although these now appear to have peaked. [...]
Banks and oil lead the markets lower October 7, 2009 EUROPEAN shares closed lower yesterday with banking and oil stocks leading the fallers, as investors booked profits ahead of the US third-quarter corporate results season. The pan-European FTSEurofirst 300 index of top shares was down 0.4 per cent at 988.76 points. The benchmark index is up 19 per cent this year and has surged 53 [...]
Shop prices fall further as high street struggles October 6, 2009 SHOP prices recorded another fall in September compared to a year ago, as the high street continues to suffer from consumers tightening their purse-strings in the downturn. Overall shop prices fell 0.1 per cent over the month, having already fallen 0.1 per cent in August, the BRC-Nielsen Shop Price Index (SPI) shows today. But though [...]
Shop prices fall further as high street struggles October 6, 2009 SHOP prices recorded another fall in September compared to a year ago, as the high street continues to suffer from consumers tightening their purse-strings in the downturn. Overall shop prices fell 0.1 per cent over the month, having already fallen 0.1 per cent in August, the BRC-Nielsen Shop Price Index (SPI) shows today. But though [...]
Tesco set to report slower sales growth October 4, 2009 TESCO, Britain’s biggest retailer, is set to report slower underlying UK sales growth than rival J Sainsbury for the fifth quarter in a row this week, alongside a small rise in first-half profit. But analysts expect Tesco to flag a stronger second-half profit performance, and some see signs it is beginning to close the gap [...]
Sterling will remain weak, and that’s a good thing too September 29, 2009 YOU’D need to have been living on a desert island not to have noticed the beating that sterling has taken lately. The pound has lost nearly a quarter of its value in the last two years, but saw the losing streak gather pace in the last week. True to form, that was accompanied by an [...]
Sterling will remain weak, and that’s a good thing too September 29, 2009 YOU’D need to have been living on a desert island not to have noticed the beating that sterling has taken lately. The pound has lost nearly a quarter of its value in the last two years, but saw the losing streak gather pace in the last week. True to form, that was accompanied by an [...]
HOW WOULD YOU RATE WM MORRISON’S PERFORMANCE? September 10, 2009 NICK BUBB PALI INTERNATIONALThe results were in-line with expectations, but that shouldn’t take anything away from what was a very good performance. Dare I say it, it was better than Sainsbury’s. The stores they bought from the Co-operative Group opened earlier than expected, and that bodes well for the longer-term push into smaller stores. SAM [...]