Tesco share price is falling after sales plummeted again June 4, 2014 Another set of falling sales figures from Tesco this morning. The UK supermarket giant has reported a 3.7 per cent drop in like-for-like sales – 3.8 per cent when including petrol. That does mark the store’s third drop in a row but is, however, better than the four per cent decline analysts were expecting. Revenues [...]
Labour: free coffee to stay March 3, 2014 A LABOUR MP who called on his colleagues to press supermarket chain Waitrose into withdrawing its free coffee and newspaper deal for loyalty card holders has received short shrift from his own party. Andy Sawford accused the firm of taking business away from independent shops, but a Labour spokesperson put an end to the budding [...]
Get your just dessert by investing in sweet wine from Bordeaux May 13, 2014 Bottle.opener@cityam.com IF THERE is one crumb of comfort to be taken from the miserable 2013 Bordeaux vintage – which, by the way, has also been remarkable for the carnival of desperate euphemisms employed by vignerons and wine merchants alike – it is that last autumn’s mists and incessant rain provided perfect conditions for the region’s [...]
Bottom Line: This is the end of the big four supermarkets March 13, 2014 DALTON Philips kicked off more than just a price war yesterday. By promising to slash prices in an effort to turn around Morrisons’ fortunes, he also exposed a growing schism at the heart of the British grocery market. For years, supermarket analysts have talked about the big four (Tesco, Asda, Sainsbury’s and Morrisons) but with [...]
The week in brief June 8, 2014 UK E&M market to be worth £64bn by 2018 According to PwC’s latest Global entertainment & media (E&M) outlook report, the UK E&M market is expected to grow by 3.1 per cent from 2013 to 2018 – to a value of £64bn in 2018. In 2013, Britain had the second largest E&M market in Europe, [...]
Witty proves a big hitty with GSK employees March 20, 2014 WHEN you start a new job, it can be quite difficult to know whether you’re walking into the garden of worklife Eden or the gates of Hades. Unless you’ve got someone on the inside. Lucky you. Well thanks to the people at Glassdoor (it’s all about transparency – see what they did there) we have [...]
Contactless payments rising as TfL and retailers drive adoption March 12, 2014 CONTACTLESS payments on the high street jumped nearly 300 per cent last year, according to figures from Visa yesterday. Visa Europe’s director of contactless Mark Austin said that the 94.3m payments had been spurred by Transport for London’s use of contactless on buses last year and the increasing numbers of retailers installing terminals. Adoption from [...]
The week in brief April 14, 2014 OMD awarded £21m UK Disney media account OMD has won Disney’s £21m UK media planning and buying account (part of a wider review into Disney’s business in Europe, the Middle East and Africa). Havas Media will be responsible for local markets in Benelux, France, Italy, Spain and Portugal. Disney’s EMEA incumbent agency Carat is contracted [...]
Analysts predict price cuts at Sainsbury’s April 29, 2014 Analysts at Deutsche Bank issued a positive note on Sainbury’s today ahead of its full-year results next week, arguing that the supermarket group could be a relative winner in the sector compared to its rivals but warning that it will have to join them in slashing prices to stay ahead of the game. The [...]
Big four grocers all lose ground to discounters April 9, 2014 BRITAIN’S four biggest supermarket groups all lost market share over the last three months to German discounters Aldi and Lidl, with Sainsbury’s suffering the biggest drop in market share in ten years. Sainsbury’s has until this month been the only one of the big four to resist the pressure of the discounters and hold onto [...]