TSB crisis may have sting in the tail, Andy Hornby’s near-miss with the Sainsbury’s-Asda merger and the FA’s trophy buyer May 4, 2018 The System’s Broken. Try Surrendering Bonuses. TSB customers who found themselves locked out of their accounts for parts of the last fortnight might have devised less polite acronyms for the custodian of their savings. Conspiracy theorists about recent banking history might also trace the origins of the current meltdown to an ill-fated decision in 2010 [...]
Store wars: Sainsbury’s and Asda mega-merger heats up race to become Britain’s ultimate supermarket superpower April 30, 2018 The race to become Britain’s ultimate supermarket superpower grew suddenly more interesting over the weekend as Sainsbury’s and Walmart-owned Asda revealed they are in merger talks to become Britain’s largest grocer. The two supermarkets, which have both lost market share, are seeking to join forces in a bid to topple Tesco, the current market leader [...]
UK supermarkets further increase plastic footprint despite pledges November 28, 2019 Seven out of the UK’s top 10 supermarkets increased their plastic footprint , as the total amount of plastic packaging used rose to 900,000 tonnes a year. Out of the UK’s 10 largest supermarkets, only Waitrose, Tesco and Sainsbury’s achieved marginal reductions over the past 12 months. Read more: Unilever pledges to cut plastic use [...]
Lidl unveils £500m London expansion plan for 40 new stores June 12, 2019 Lidl has unveiled a £500m expansion plan to create 40 new stores in the capital, including its first central London store. The German discount supermarket said the openings would create 1,500 new jobs over the next five years. Read more: Big Four supermarkets stall amid fast rise of Lidl and Aldi A proposed Tottenham Court [...]
Sainsbury’s (SBRY) share price soars after confirming Asda merger proposal will lead to price cuts of around 10 per cent April 30, 2018 Sainsbury’s this morning provided more detail on its plans to merge with Asda, after reporting a return to growth with full-year profit before tax up 1.4 per cent to £589m. Shares in the supermarket soared in early trading after the tie-up proposal was confirmed, up more than 16 per cent in early trading. The combination [...]
Prices of petrol and diesel inch up in February after months of reduced prices March 4, 2019 The price of petrol and diesel inched up in February, ending three months of price reductions. Data from RAC Fuel Watch shows that the average price of a litre of petrol in the UK increased by just under a penny to 120.42p at the end of the month, while diesel increased by 1.24p to 129.88p [...]
Competition watchdog warns of casework impact in event of no-deal Brexit February 14, 2019 The UK’s competition regulator warned it would have to take “tough decisions” on its casework in the event of a no-deal Brexit. The Competition and Markets Authority (CMA) said investigations into markets and price fixing could be impacted if it is forced to take on additional work after the UK leaves the EU. All antitrust [...]
Aldi sales soar as Sainsbury’s slips behind rivals in supermarket shopping league March 5, 2019 Aldi and Lidl have boosted sales again, it emerged today, as the biggest supermarkets continued to shed market share to the discounters. Aldi’s sales grew by 10 per cent in the three months to the end of February compared to the same period the year before, according to figures released today by Kantar Worldpanel, a consumer insights [...]
For Generation Insecurity, the British dream has turned sour November 1, 2019 My 14 year old son is in a band. He loves playing to his classmates and studying GCSE music. Bizarrely (for me), he’s quite into Queen and eighties songs, which I joke with him was the same stuff I was listening to when I was his age. Intergenerational humour apart, it got me thinking about [...]
UK petrol prices: Sainsbury’s, Morrisons and Asda kick off war at the pumps February 9, 2018 A UK petrol price war has kicked off with three of the big four supermarkets slashing prices at the pumps. In the last few minutes, Sainsbury's mirrored an earlier move by Asda and Morrisons this morning to knock 2p off a litre of petrol and diesel. Sources at Tesco said a decision had yet to [...]