Aldi and Lidl expansion plans speed ahead of Tesco, Sainsbury’s, Morrisons and Asda in supermarket wars with five times as many planning applications May 5, 2015 Rival German discounters continue to outpace the UK's "big four" in the supermarket wars with ambitious plans for expansion five times the rate of Tesco, Sainsbury's, Morrisons, and Asda combined. While Tesco and Morrisons have been forced to shutter stores in the midst of declining sales and squeezed margins, Aldi and Lidl have submitted plans [...]
Sainsbury’s share price falls despite posting a sales rise in the fourth quarter as deadline looms for Argos bid March 15, 2016 Sainsbury's is continuing to prove itself the strongest of the big four supermarkets, with total and like-for-like sales up in the fourth quarter as it moves to phase out multi-buy offers entirely. But the business has warned of ongoing challenges in the market as the price wars continue. The figures Total retail sales excluding fuel [...]
UK grocers Morrisons, Sainsbury’s and Tesco set to show their hand in Christmas battle for sales January 10, 2016 The winners and losers of the battle for this winter’s Christmas dinner will be laid bare this week as Morrisons, Sainsbury’s and Tesco prepare to report tough trading amid intense competition in the grocery sector. Morrisons will report its Christmas trading figures on Tuesday, with the Bradford-based chain expected to post a two per cent decline [...]
Morrisons in danger of falling out of FTSE 100 as blue-chip index comes up for renewal November 29, 2015 Supermarket Morrisons is in danger relegation from the FTSE 100 list of Britain’s biggest companies as the prestigious blue-chip index comes up for renewal this week. Morrisons has been hovering near the bottom of the index over the last year and narrowly avoided being kicked out in the last quarterly reshuffles in June and September. Its share price has fallen by [...]
German discounter Aldi pledges to pay all UK staff above National Living Wage October 26, 2015 Aldi has set out to trump its supermarket rivals on pay by announcing today that it will pay all UK staff "significantly" above the living wage. The discount food retailer said all UK employees will be paid at least £8.40 an hour, and £9.45 in London from February 2016. This is ahead of the government’s national living wage of £7.20 an [...]
Morrisons supermarket reportedly set to exit the FTSE 100 index December 1, 2015 Struggling supermarket Morrisons will reportedly be booted out of the FTSE 100 index tomorrow as part of its quarterly shake up. The Bradford based company has been nudging the bottom of the table for the last 12 months and just managed to dodge relegation in the last reshuffle. Latest update: Morrisons is kicked out of the FTSE [...]
Morrisons’ share price falls 2.5 per cent as dividend is cut on sales and profits decline March 10, 2016 Sales and profits at Morrisons have fallen again – but the supermarket management is talking confidently about progress made so far, and guided on future dividends in an effort to woo shareholders. Morrisons' share price was down 2.5 per cent in mid-morning trading, however, as investors digested the news that this year's dividend was being slashed [...]
Walmart results: Asda third quarter sales drop as parent company’s performance improves November 17, 2015 Asda's chief executive Andy Clarke will be coming under greater pressure, as the troubled supermarket reveals another drop in sales. Back in August, Clarke said the supermarket had reached its nadir – but today it appears to have fallen further. Like-for-likes at the Walmart-owned grocer fell 4.5 per cent for the 13 weeks to 30 September. That [...]
Sainsbury’s biggest FTSE riser as share price soars by most since 2009 as sales fall by less than expected September 30, 2015 It comes to something when a dip in sales is embraced rapturously by investors – but Sainsbury's shareholders were thrilled as the supermarket suggested full-year profits will be ahead of expectations. The figures Sainsbury's like-for-like sales in the quarter to the end of September, it said, with sales excluding petrol dipping 1.1 per cent. That was "moderately" [...]
Christmas spending to hit £16.5bn as 60pc of Brits head to discounters for their festive food shop November 23, 2015 Britons are feeling a bit more generous this Christmas than they were last year thanks to improved economic conditions and higher wages, new figures show, with spending set to reach £16.5bn over the festive season. Travelodge’s annual Christmas report, which surveyed the spending habits of over 3,000 people, found that households expect to spend an average of [...]