UK Plc has much to learn from Tesco January 12, 2010 NAPOLEON Bonaparte was right: Britain is a nation of shopkeepers. Tesco’s great figures yesterday confirm that the retailer remains one of the UK’s few truly world-class corporate giants. Group sales increased by 7.5 per cent at constant exchange rates and like-for-like UK sales (ex-fuel and adjusted for Vat) were up by 4.9 per cent in [...]
Virgin and Tesco banks are unlikely to upset big players January 11, 2010 THE UK’s top five banks will continue to dominate the market despite the recent glut of negative publicity. A new report from Datamonitor suggests new players entering the market have “missed the boat” and should have launched in the direct aftermath of the banking crisis. Customer inertia is seen as the biggest stopping point for [...]
McBride hit by raw price surge June 24, 2010 OWN-BRAND personal care products supplier McBride yesterday warned that its raw material costs are set to soar next year and that there would be an inevitable delay before the increase can be passed on to its customers. McBride, which counts supermarket groups Asda and Tesco among its UK clients, went some way towards soothing investors [...]
RISING STAR OF THE YEAR | THE SHORTLIST DAY 2 August 31, 2010 IF it’s whizz-kids you are looking for, then the City is the place to find them. Our list of the brightest young things is varied, but every one of them has shown real talent and verve so far in their careers. Some are young, others are just new to the City, but all of them [...]
Sainsbury’s sales grow at sluggish pace June 16, 2010 SAINSBURY’S followed its arch-rival Tesco in unveiling lethargic first quarter sales growth yesterday, weighed down by low food inflation and a challenging consumer environment. Like-for-like sales for the first quarter grew at their slowest rate in five years, just 1.1 per cent, excluding fuel sales, which jumped due to inflammatory oil price pressures. Including petrol, [...]
Sainsbury’s sales grow at sluggish pace June 16, 2010 SAINSBURY’S followed its arch-rival Tesco in unveiling lethargic first quarter sales growth yesterday, weighed down by low food inflation and a challenging consumer environment. Like-for-like sales for the first quarter grew at their slowest rate in five years, just 1.1 per cent, excluding fuel sales, which jumped due to inflammatory oil price pressures. Including petrol, [...]
Boots buys up Turkish drug wholesaler July 25, 2010 ALLIANCE Boots will prepare for a major push into Africa and the Middle East with the purchase of one of Turkey’s biggest drug wholesalers. Alliance Boots will take full control of Hedef Alliance in a deal thought to value the Turkish company at more than £600m. Boots already owns a 50 per cent stake in [...]
Supermarket showdown as rivals report June 13, 2010 SUPERMARKET giants Tesco and J Sainsbury are this week expected to report fairly flat sales growth for the first quarter of the year, signalling a slowing of consumer activity across the food sector. Tesco is expected to report sales growth of between zero and 1.5 per cent tomorrow for the first quarter according to analysts, [...]
Supermarket showdown as rivals report June 13, 2010 SUPERMARKET giants Tesco and J Sainsbury are this week expected to report fairly flat sales growth for the first quarter of the year, signalling a slowing of consumer activity across the food sector. Tesco is expected to report sales growth of between zero and 1.5 per cent tomorrow for the first quarter according to analysts, [...]
TITANS OF BUSINESS SET TO CLASH AT GOODWOOD REVIVAL FESTIVAL September 16, 2010 THE LOVE affair between businessmen and their fast cars is certainly alive and kicking. This weekend marks the Goodwood Revival historic motorsport and aviation festival, as over 132,000 attendees prepare to head down to Sussex for two days of immersion in classic cars and planes. And The Capitalist hears that among those competing on the [...]