Supermarket sweep: Industry benefits from World Cup shopping spree September 18, 2018 The World Cup and sunny weather led consumers to spend almost £500m more at supermarkets over summer than they did the year before, according to new data released today. Alcohol spending grew by £228m, while people spent £178m more on fizzy drinks and £74m more on ice cream during one of the hottest summers on record, [...]
Sainsbury’s: Buyers bet that shares have seen the low April 26, 2019 By Graeme Evans from interactive investor. Trading within a whisker of a record low, a lot of bad news is already written into the share price. Yesterday’s humiliation of Sainsbury (J) (LSE:SBRY) and its boss Mike Coupe has not stopped investors from piling into the supermarket giant’s shares in the belief the chain can bounce [...]
FTSE roundup: This week’s winners and losers October 5, 2018 The FTSE 100 ended the week nearly 86 points down today, with the index losing 1.16 per cent of its value. Unilever's shares are also down 0.4 per cent at 4,061p share following its reversal on its former plans to move headquarters exclusively to Rotterdam. Read more: Unilever scraps proposals to leave London headquarters Intu [...]
FTSE 100 index rises on hopes of US – China trade war breakthrough January 18, 2019 The FTSE 100 is up more than one per cent this morning on hopes of a breakthrough in trade talks between the US and China. The index was boosted by hopes of progress in the trade war, which were sparked by news reports suggesting that the US is considering reducing tariffs on Chinese imports. Read more: Markets lift [...]
FTSE round up: Index drops on oil and mining share sell-off following fears of oversupply November 23, 2018 The FTSE 100 closed 0.14 per cent down this week after falling to 6,950.82, driven by a sell off in oil and mining shares. The biggest faller was silver and gold miner Fresnillo which saw a 6.98 per cent decrease to 746.4p as the company continued to feel the effects of being downgraded by Morgan Stanley [...]
Aldi and Lidl bag more market share as Veganuary boosts supermarkets’ fresh produce sales February 5, 2019 Aldi and Lidl enjoyed the strongest growth of any UK supermarket over the past 12 weeks, according to the latest industry figures, as Veganuary boosted fresh produce sales across the sector. Around 18.3m households shopped in at least one of the discount supermarkets in the 12 weeks to 27 January, industry research firm Kantar Worldpanel data revealed [...]
M&S and Microsoft launch strategic partnership June 21, 2018 Marks & Spencer is teaming up with Microsoft in a bid to shake off its reputation as a digital laggard. A strategic partnership between the two companies will focus on testing the integration of Microsoft artificial intelligence (AI) tech into M&S stores and wider operations. Today’s announcement comes a day after a former M&S digital [...]
Diageo, WPP and Standard Chartered top league table of leading UK brands for gender equality October 4, 2018 Drinks maker Diageo, WPP and Standard Chartered have been named as the top performing UK companies for gender equality. However, the study admitted that despite progress being made, there was still a "long way to go" before equality was achieved in companies worldwide. General Motors in the US was the top performing brand worldwide. Worldwide, [...]
Hedgies and pollsters: Let’s keep a level head September 28, 2018 In the run-up to the EU referendum Labour’s deputy leader Tom Watson railed against hedge funds that were using private polling to inform their trading positions. “I hope the government will put measures in place to prohibit this avaricious plan by financiers to benefit from information that belongs to every voter,” Watson said at [...]
FTSE 100 drops below 7,300 points for first time in five months as pound grows September 7, 2018 The FTSE 100 has dropped below 7,300 points for the first time in nearly five months as the pound continued to grow and global uncertainty caused investors to halt activity. The index dropped to a low of 7,227 points this afternoon before gaining slightly towards 7,270. Markets across Europe have all fallen today but the [...]