Tesco slashed the price of milk. Here’s how dairy farmers have responded March 3, 2014 Dairy farmers have accused Tesco of sparking a price war with its supermarket rivals that will cause further damage to an already fragile dairy industry, after the retail giant slashed the price of milk. Britain’s biggest food retailer delivered a fresh broadside in the battle for customers’ loyalty after cutting the price of a four [...]
Dragons Den star Peter Jones opens Jessops inside Sainsbury’s supermarkets October 8, 2014 Jessops, the camera chain brought out of administration by Dragons Den star Peter Jones last year, has opened its first store inside a Sainsbury’s supermarket. The retailer yesterday launched in Sainsbury’s superstore in Newport, South Wales, and plans to open a further two stores in Waterlooville, Hampshire, and Maidenhead, Berkshire, within months. “This is a [...]
Banks are back: How the UK’s banking sector got its mojo back as dividend payments rise March 26, 2015 The UK’s banks are back on form and could be the best place to invest for good and growing dividends. British banks such as Lloyds, HSBC and Barclays were once the best places to invest for solid dividends. Ten years ago, banks provided a quarter of all dividends in the UK market, according to figures [...]
Supermarket woes deepen over price wars October 21, 2014 THE UK food industry’s troubles were laid bare today after a report revealed the sector had suffered the sharpest rise in financial distress compared with other UK industries. According to Begbies Traynor’s latest Red Flag update, which monitors the health of UK companies, levels of “significant” financial distress among UK food retailers rose by 11 [...]
Store wars: Lidl attacks Morrisons with combative ad campaign October 4, 2014 Lidl have launched a new ad campaign, ridiculing Morrisons's attempts to match their prices. This may sound like dry advertising rivalry, but the gauntlet has been well and truly thrown down. Great advertisement from @LidlUK – very clever response to @Morrisons price pledge. pic.twitter.com/zUwrEKms6c — Steve Myall (@stevemyalleats) October 4, 2014 The advert lists the steps [...]
Buffett left red faced as IBM’s shares tumble October 20, 2014 JUST days after legendary investor Warren Buffett admitted that buying a near four per cent stake in Tesco was a “huge mistake”, another one of US fund manager’s big gambles is looking shaky. IBM. led by chair and CEO Ginni Rometty, yesterday reported that sales fell four per cent to $22.4bn (£13.9bn) in the three [...]
Waitrose and Tesco to set up Tube collection January 29, 2014 TESCO and Waitrose are opening six click-and-collect points each in the London Underground this year, as part of TfL’s efforts to get more retailers using the Tube. The supermarkets will follow Asda, which is running a six-month trial in car parks near Tube stations, with plans to open more outlets this year. Tesco will launch [...]
Tesco and Waitrose set to open Tube shops January 29, 2014 Tesco and Waitrose are opening six click-and-collect points each in the London Underground this year, as part of TfL’s efforts to get more retailers using the Tube. The supermarkets will follow Asda, which is running a six-month trial in carparks near Tube stations, with ambitions to open more outlets. Tesco will launch at station car [...]
Amazon Black Friday deals deliver busiest day ever as shoppers surge online ahead of Cyber Monday November 29, 2014 It's not even Cyber Monday yet, but Amazon has clocked up its busiest ever day of sales in the UK thanks to Black Friday, selling 64 items every second yesterday. Shoppers ordered more than 5.5 million items such as TVs, tablets and toys with huge price reductions, beating last year’s Black Friday sales of four [...]
Mothercare jumps on Tesco takeover talk January 20, 2014 Talk of renewed interest from Tesco in languishing Mothercare have seen stocks in the baby care and clothes retailer jump over five per cent. Reports that the supermarket has rekindled its interest in launching a takeover bid follow an announcement by Mothercare earlier this month that its full-year profits would be half what analysts were [...]