Tesco market share rises as Asda sees dip May 24, 2011 TESCO’S market share rose for the first time since November last year, according to Kantar Worldpanel market share data. For the 12 weeks to 15 May Tesco’s market share rose to 30.7 per cent, from 30.6 per cent. The only other retailer in the top four to increase its share was fourth-placed Morrisons. Its share [...]
Ex-Tesco boss to advise US firm May 17, 2011 Former Tesco’s boss Sir Terry Leahy is to become a part-time senior adviser to US private equity house Clayton Dubilier & Rice. The position will be Sir Terry’s first major role since standing down as chief executive of the supermarket chain earlier this year.
Tesco appeals to aspirational customer base May 10, 2011 TESCO plans to create new brands to spruce up its product ranges and appeal to increasingly aspirational shoppers across the world, its new chief executive said yesterday. Phil Clarke, outlining his strategy, said Tesco would be online in all 15 of its markets this decade and, while it would continue to expand rapidly in its [...]
Morrisons sales at top end of forecasts November 10, 2011 Wm Morrison confirmed its position as the fastest-growing of Britain’s top four supermarket groups on Thursday with a rise in third-quarter sales driven by a focus on fresh foods and low prices. The fourth-biggest grocer behind J Sainsbury, Wal-Mart’s Asda and market leader Tesco said sales at stores open a year rose 2.4 per cent [...]
Leahy outfit considers bid for Greencore November 6, 2011 THE mystery investor considering a bid for Irish food company Greencore is understood to be private equity firm Clayton Dubilier & Rice (CD&R), the new employer of former Tesco chief executive Sir Terry Leahy. Greencore confirmed on 25 October that an unidentified party had made an approach that could lead to an offer. The company, [...]
FTSE steady as investors eye US jobs data January 6, 2012 The FTSE 100 was steady in early trading with media and telecoms gains offsetting weak financial services and retail sectors. Investors were focusing on US jobs data out later while the Eurozone debt crisis continued to dampen sentiment. Analysts’ fears that Eurozone countries and banks could struggle to tap markets for capital this year continue [...]
Amazon launches its video on demand service Lovefilm on Microsoft’s Xbox December 6, 2011 LOVEFILM, Europe’s largest subscription service, today becomes available on Microsoft’s video games console Xbox. The company, which was originally established in May 2002 as Online Rentals Limited and was acquired by Amazon in February 2011, has traditionally operated as a mail-order DVD rental service. However, in the last two years Lovefilm has enabled its customers [...]
Amazon launches its video on demand service Lovefilm on Microsoft’s Xbox December 6, 2011 LOVEFILM, Europe’s largest subscription service, today becomes available on Microsoft’s video games console Xbox. The company, which was originally established in May 2002 as Online Rentals Limited and was acquired by Amazon in February 2011, has traditionally operated as a mail-order DVD rental service. However, in the last two years Lovefilm has enabled its customers [...]
Tesco names City grandee as new chair May 11, 2011 TESCO yesterday announced that Sir Richard Broadbent will become its next chairman. Sir Richard (pictured), who is deputy chairman at Barclays, will join Tesco as a non-executive director in July. He will take over the reins from Tesco chairman David Reid, who retires in November. The City grandee was tipped to take over at insurer [...]
Tesco names City grandee as new chair May 11, 2011 TESCO yesterday announced that Sir Richard Broadbent will become its next chairman. Sir Richard (pictured), who is deputy chairman at Barclays, will join Tesco as a non-executive director in July. He will take over the reins from Tesco chairman David Reid, who retires in November. The City grandee was tipped to take over at insurer [...]