Blue Satellite headphones review: Great sound, but these cans will leave you feeling Blue December 20, 2017 Beginning life as a manufacturer of high-end equipment for audio professionals, Blue has been tentatively easing its way towards the lucrative consumer market for some time. Its new Satellite headphones are its most high street-friendly pair yet, but it still has some way to go to bridge the gap between studio and sidewalk. Compared [...]
McColl’s founder approached by buyout house Carlyle to lead Palmer & Harvey rescue September 26, 2017 Private equity firm The Carlyle Group has invited a co-founder of convenience store McColl’s to take a key role in its rumoured buyout of Palmer & Harvey (P&H), according to Sky News. James Lancaster is reportedly being drafted in to join the grocery wholesaler as its non-executive chairman, in a deal aimed to salvage the [...]
Vinyl countdown: Sainsbury’s has launched its own record label to take advantage of the record revival November 1, 2017 Have we just reached peak hipster? Sainsbury’s has launched its own record label in an effort to capitalise more on the vinyl revival. The supermarket said it will launch two compilation albums on its new Own Label imprint, which will be released via Universal and Warner Music on Friday. The first of the two albums, [...]
Supermarket wars: Nisa in talks with Co-op after Sainsbury’s exclusivity period ends August 14, 2017 Convenience chain Nisa is in talks with the Co-op after a period of exclusivity regarding a potential takeover offer from Sainsbury’s came to an end. Sainsbury’s has yet to make a formal offer, which would need to be approved by Nisa’s shopkeeper members. However City A.M. understands that Sainsbury’s is waiting for the result of [...]
New Queensferry Crossing creating a catalyst for investment September 13, 2017 The royal opening of the Queensferry Crossing, signalled the successful culmination of the biggest infrastructure project in Scotland for a generation. Exactly 53 years since Her Majesty opened the adjacent Forth Road Bridge, The Queen officially cut the ribbon to open the £1.35bn Queensferry Crossing on Monday 4 September 2017. World-class engineering The new iconic [...]
Mastercard and Visa see UK legal claims from high street names mount over interchange fees June 25, 2017 MASTERCARD and Visa are facing legal claims that could top £1bn as a raft of high street names pool their resources in a battle with the credit card giants over fees. At the start of this month, litigation claims were launched by 27 high-street retailers, supermarkets, pubs and bookmakers over “multilateral interchange fees”, or charges [...]
Sainsbury’s share price dips after it warns of “uncertain” inflation impact and “competitive” conditions as retail sales decline March 16, 2017 Sainsbury’s reported retail sales excluding fuel fell in the last quarter and said it faced an “uncertain” impact from rising costs and warned the market environment remains competitive. Shares in Sainsbury's dipped as markets opened to lows of 263p, but recovered some of their gains to a loss of around one per cent at the [...]
Instagram-obsessed millennials are wasting food February 10, 2017 Millennials are prioritising making food visually appealing and are wasting ingredients as a result, according to a Sainsbury’s report. Kids these days, eh? The study found older generations are more likely to plan meals in advance and make full use of the food available, while millennials are creating more interesting meals. Sainsbury’s surveyed 5,050 consumers on [...]
Sainsbury’s reports £1bn group sales over Christmas week as sales edge up January 11, 2017 Sainsbury’s enjoyed a record Christmas week with over £1bn in sales across the group, with quarterly sales managing to edge up after analysts expected further contraction. The figures Like-for-like retail sales excluding fuel grew by 0.1 per cent over the third quarter of its trading year, and total retail sales grew by 0.8 per cent [...]
Sainsbury’s shares surged this morning on news of sales growth over Christmas – here’s how retail experts reacted January 11, 2017 Sainsbury's shares have surged by six per cent this morning after it reported a record Christmas week for trading. The supermarket said like-for-like retail sales went up 0.1 per cent in the third quarter, and while this might not be as impressive as Morrisons' 2.9 per cent growth, reported yesterday, investors were still cheered by the update. [...]