Manufacturing giant Premier Foods to increase prices due to Brexit vote January 10, 2017 Premier Foods, the supplier of iconic brands such as Mr Kipling cakes and Bisto gravy, is in talks with its major retail customers about lifting prices due to a double whammy of weaker sterling and higher commodity costs. City A.M. can reveal that the listed food manufacturer last month opened discussions with the likes of [...]
Morrisons reported strong Christmas trading numbers this morning – here are the best reactions January 10, 2017 Morrisons is having a lovely morning, with shares up four per cent on news that the supermarket's sales growth over the Christmas period was at its strongest for seven years. The group reported a 2.9 per cent jump in like-for-like sales excluding fuel, and said Morrisons.com had achieved its biggest ever week for sales in [...]
Q&A: Why are brands like Marks and Spencer pulling their advertising from Google? March 20, 2017 A newspaper investigation uncovered examples of several high profile brands being advertised against extremist content such as videos of a preacher banned from Britain and from white extremist David Duke insulting Jewish people. The BBC, Channel 4, The Guardian as well as the Financial Conduct Authority, Transport for London and the Royal Navy, advertising for [...]
“Sainsbury’s footfall is falling short” – analysts react to the retailer’s trading update September 28, 2016 Sainsbury's issued a 1.1 per cent fall in like-for-like sales this morning, and analysts' reactions have been pretty scathing. The retailer boosted its volumes, but the supermarket price war has eroded any benefit Sainsbury's might have wanted to see in its like-for-likes as a result. Sainsbury's share price has dropped 3.67 per cent today following [...]
Sainsbury’s like-for-like sales fell for its first half, but statutory profit is up November 9, 2016 Sainsbury's like-for-like sales excluding fuel fell by one per cent in the its first half as the supermarket faces an uphill struggle to entice customers through its doors. The company eked out more profit however. Sainsbury's share fell at the open, ditching almost five per cent after it warned second half underlying profit is expected [...]
Christmas sandwiches tested: which have been naughty and which are nice November 8, 2016 We filled a basket with the first crop of Christmas sandwiches – find out which ones we thought worthy of your lunch money and which to avoid like the Grinch. Pret Christmas lunch ★★★★☆ Too much going on here – piles of slightly-too-dry stuffing and a clumping of fillings in the middle. But saved by [...]
Why Tesco could be better off leaving Booker on the shelf February 1, 2017 The stock market’s initial reaction to takeover deals can often be a poor indicator of how those deals work out. Just look at the market’s sceptical response to Sainsbury’s purchase of Argos owner Home Retail Group as a recent example. Now we have another unexpected deal in the supermarket sector with Tesco bidding to take [...]
Picks of the day: The three stories to read today October 4, 2016 Spending your break at your desk as the temperature continues to drop? We’ve put together the hot stories people are talking about today in bite-sized form, just to make your life that bit easier. Check out our 3 at 3. Pay by selfie Looks like Apple pay is about to be knocked of the top [...]
Few reports but Sainsbury’s and Tesco to update – London Report September 27, 2015 EQUITY reports are light again this week, ahead of earnings season which begins in earnest in the second half of October. Sainsbury’s first-half numbers, released on Wednesday, will be interesting, as the sector prepares to reveal how trading has fared over the past six months. Few people are expecting an upbeat statement. However, according to [...]
Sainsbury’s Black Friday deals: Supermarket will offer big discounts for the first time on Kindle, Dyson, Dolce Gusto, Sony and 13 other brands November 26, 2015 Sainsbury’s is getting on board with Black Friday for the first time, offering major discounts on TVs, tablets and electricals in a bid to get customers spending in the run up to Christmas this year. Kindle, Dyson and Sony are just some of the big name brands on offer among a total of 13 items [...]