Grocers see demand rise from footie July 20, 2010 SALES in the grocery sector received a boost as British shoppers stocked up for the World Cup. In the 12 weeks to 10 July sales grew 3.2 per cent compared with same period last year. Two of the weeks saw sales lifts of more than four per cent. Beers, wines and spirits saw the biggest [...]
NEWS | IN BRIEF July 6, 2010 Billionaire retailer Sir Philip Green said yesterday he was considering opening more retail schools after the success of London’s Fashion Retail Academy. Speaking at the Academy’s 2010 awards ceremony, the Arcadia owner pledged to approach the new coalition government about the possibility of an expansion. Green said: “My aim is to open another two or [...]
ARE THE TESCO FIGURES A SIGN OF BETTER TIMES AHEAD? January 12, 2010 SAM HART | CHARLES STANLEY “We continue to believe that conditions in the UK food retail industry remain relatively benign and expect a tail wind of higher food price inflation to return later in 2010. As such, we expect Tesco to continue to deliver high single/ low double-digit growth for at least the next three [...]
Tesco sales surge after Clubcard bonus January 12, 2010 TESCO has had its best Christmas in three years after slashing prices and offering double Clubcard points to get customers through the door. Britain’s biggest supermarket chain reported that like-for-like sales at its UK stores jumped by 4.9 per cent during December and early January. Tesco saw a 35 per cent surge in sales of [...]
The Co-op boss who is on a mission to rejuvenate an iconic organisation September 19, 2010 IT IS EASY to see why Co-operative Group chief executive Peter Marks is so excited about the new £180m head office that will open on a 20-acre site in the centre of Manchester in 2012. The current 1960s 13-storey building across the road seems to be made almost entirely of linoleum and plywood. I have [...]
Enter the corporate entrepreneur: Britain’s best hope for real recovery October 17, 2010 CO-FOUNDER, MARKET GRAVITY THE UK’s recovery from the deepest recession in eighty years is dependent on sustained private sector growth. Corporate earnings may be recovering, but too much is due to cost cutting, not real growth, and this trend is not sustainable. Recent analysis from Market Gravity illustrates that while 75 per cent of FTSE [...]
DEALMAKER OF THE YEAR | The Shortlist September 6, 2010 THE past 12 months have seen a boom in M&A as we have emerged from the downturn, with the Kraft-Cadbury deal filling endless column inches.?Elsewhere, Santander’s onward march continued. Other deals brokered by our short list were perhaps not so high-profile, but just as impressive in their own sectors. Don’t miss the City event of [...]
Food inflation to benefit UK supermarkets September 6, 2010 UPWARD pressures on food prices appear to be here to stay. Global demand is increasing while droughts and fires last month hit harvests in Russia and Ukraine. Market researcher Kantar Worldpanel anticipates that UK grocery inflation will rise to an annualised 4 per cent by the end of 2010 from its current rate of 2 [...]
Food inflation to benefit UK supermarkets September 6, 2010 UPWARD pressures on food prices appear to be here to stay. Global demand is increasing while droughts and fires last month hit harvests in Russia and Ukraine. Market researcher Kantar Worldpanel anticipates that UK grocery inflation will rise to an annualised 4 per cent by the end of 2010 from its current rate of 2 [...]
Commodities drag FTSE 100 down as US output eases September 15, 2010 COMMODITY stocks pulled Britain’s top shares lower yesterday as US data showed a sharp slowdown in industrial output, and after investors switched into the dollar after The Bank of Japan’s yen intervention and recent sharp gains. The FTSE 100 index closed down 11.85 points, or 0.2 per cent at 5,555.56, snapping a five session winning [...]