Craft beer maker FourPure to create 20 new London jobs with £2.5m brewery investment in Bermondsey January 31, 2018 Craft brewer FourPure has put £2.5m into expanding its Bermondsey brewery, increasing capacity by 400 per cent. The project will create 20 new jobs and allow the brand, which is stocked in the likes of M&S, Tesco, Asda and Ocado to keep up with demand. Co-founder Daniel Lowe said the company was now talking to [...]
UK pump prices have hit a four-year high this Christmas December 24, 2017 Drivers are facing the highest pump prices since 2013 this Christmas. According to the AA, people travelling more than 200 miles to be with their families on Christmas Day will be forced to spend £5 more on petrol if they fill up on the motorway, as opposed to a supermarket. Petrol averaged 120.69p per litre [...]
Last Week in the City: Trade wars begin July 6, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (2 to 6 July 2018). The World Cup is “distracting” for participants in global markets, according to Citigroup. "We find that football is indeed distracting, subtly impacting market depth, traded volumes and execution cost,” the US [...]
We meet Annabel Karmel, the celebrity cook who leaves children hungry for more May 14, 2018 Annabel Karmel comes bounding into the room like a bundle of sunshine. With her yellow dress and immaculate makeup, she seems a world apart from the drab Bloomsbury bar where we meet. For millions of parents, Karmel is a household name, with major supermarkets stocking her baby and toddler food. It was her first book, [...]
Last Week in the City: England has an 8.5% chance of winning the World Cup May 18, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (14 to 18 May 2018). UBS has used its City analysts’ predictive firepower to try and work out the winner of the upcoming World Cup in Russia – and England came surprisingly high in its league [...]
Sales rise but market share falls for Big Four grocers as Aldi and Lidl continue to grow October 17, 2017 Each of the big four grocers has grown sales but seen a decrease in market share as Aldi and Lidl can now boast half the total market’s growth, new figures show. Morrisons was the fastest growing of the large retailers, with sales up 2.8 per cent in the 12 weeks to 8 October, followed by [...]
Aldi bags record UK sales growth though profit dips as it plans more UK expansion September 25, 2017 German budget grocer Aldi’s quest for UK domination continues as its sales growth picked up in the UK, though profits dipped in its full-year results due to “continued investment in prices and infrastructure”. The supermarket onslaught continues however, as the firm outlined plans for 70 new supermarkets for 2018 amid its efforts to hit 1,000 [...]
Kantar figures: Lidl maintains position as UK’s fastest growing grocer as Sainsbury’s outpaces Big Four November 14, 2017 Lidl has kept its crown as the UK’s fastest growing grocer for a fifth quarter in a row, as Sainsbury’s becomes the best performing of the Big Four. Figures published by Kantar Worldpanel this morning show that sales were up 15.1 per cent at Lidl in the 12 weeks to 5 November, with 10.6m households [...]
Asda vows to clean up its act after probe finds poor home delivery hygiene standards November 2, 2016 Supermarket Asda has taken “immediate action” to improve the standards of its home delivery service after an investigation exposed unhygienic conditions. Six in 10 deliveries were found to be “dirty or worse” by an undercover BBC Watchdog team, which launched the probe after a whistleblower raised concerns. Read more: Take that, Aldi: Tesco just gained [...]
Supermarket sell-off: grocers’ share prices fall as HSBC analysts predict Asda will cut prices July 6, 2016 The big grocers' share prices fell today after analysts said Asda may cut its prices, trimming the industry's profits and intensifying the supermarket price war. HSBC analyst David McCarthy said: "We believe there are signs that Asda may be about to fundamentally reposition on price, bringing down sector profits. Read more: Traders betting against troubled supermarkets "Asda has been [...]