Online shoppers abandon Tesco and Asda as website traffic drops at Britain’s biggest grocers November 23, 2015 Tesco and Asda have seen a sharp drop in traffic to their websites over the last year, new research shows, in a sign that supermarkets are facing fierce competition online as well as on the shop floor. Visits to Tesco’s website through desktop computers and mobile devices dropped to 35m in November from 49m the [...]
FTSE 100 index opens up on supermarkets as share price of Tesco, Sainsbury’s and Marks & Spencer rise following Morrisons results January 12, 2016 The FTSE 100 index opened higher this morning as housebuilders and supermarkets made gains. The UK's blue-chip index rose 0.2 per cent to 5,883 points, led higher by Tesco, Sainsbury's and housebuilder Berkeley Group. The index made gains despite continued scepticism about the state of the Chinese economy. Read more: And they’re off – Shire and Baxalta agree $32bn [...]
Sainsbury’s hit by worst Xmas sales in 10 years January 7, 2015 SAINSBURY’S said yesterday that a surge in demand for its top-end food ranges and clothing helped the retailer beat Christmas forecasts, despite posting its first drop in festive sales in over a decade. Like-for-like sales, excluding fuel, dropped by 1.7 per cent in the 14 weeks to 3 January, as total sales fell by 0.4 [...]
Asda poaches Sainsbury’s executive Roger Burnley to be chief operating officer October 13, 2015 Asda has poached one of rival Sainsbury’s top executives as competition among the supermarket chains heats up. Sainsbury’s retail and operations director Roger Burnley is jumping ship to take up the role of chief operating officer at Asda, the Walmart-owned group announced this morning. The appointment comes after Asda reported its worst ever quarterly result in the 16 [...]
Sainsbury’s, Asda, Tesco and Morrisons will all cut petrol prices as oil falls below $40 a barrel December 9, 2015 Oil prices plunging below $40 a barrel for the first time since February 2009 may have thrown the markets, but it’s good news for consumers, as the price of petrol may fall to £1 a litre for Christmas. The RAC estimates that the average price of unleaded petrol will fall by 3p in the next [...]
Christmas adverts 2015: Sainsbury’s is feline festive with Mog the Cat campaign and charity tie up with Save the Children and HarperCollins November 12, 2015 If John Lewis' Christmas ad didn't do it for you, perhaps Sainsbury's will be more your cup of tea. The supermarket, which last year came out of nowhere with its tear-jerker themed around the First World War, could be about to convincingly steal John Lewis' crown. Because Sainsbury's has gone all-out for 2015, securing beloved [...]
A bad start to the year for Sainsbury’s, Anglo American, Aberdeen Asset Management and Burberry, who top the list of most shorted shares of 2016 January 5, 2016 Sainsbury's yesterday revealed it had made an approach to takeover Home Retail Group, the owner of Argos and Homebase, in a bid to reverse its faltering fortunes. The report came as the extent of the Big Four supermarket’s woes were laid bare by new data revealing that its shares were the most shorted on the [...]
Deal spree to provide relief to the City with Shire on verge of tie-up with Baxalta January 11, 2016 A string of mega deals is set to provide welcome relief to the City after a rocky start to the year saw £85bn wiped off the value of the UK’s biggest firms in the first trading week of 2016. London-listed pharmaceutical giant Shire is on the verge of inking a £22bn deal with US rival Baxalta, [...]
How did this unknown Spanish lottery video win the Christmas advert battle of 2015, giving Mog and Man on the Moon a run for their money? November 23, 2015 Move over John Lewis and Sainsbury’s, a new Christmas contender in the festive ad race has emerged. And it has come from the most unlikeliest of places – the Spanish Lottery. “Justino” is a beautiful animated ad which in a week has overtaken a number of leading British brands to become the third most shared [...]
Asda drops petrol prices below £1 a litre as oil price hits seven year low but how long will it last? December 10, 2015 Asda's done it. From tomorrow its petrol will be cheaper than £1 a litre, but only for a couple of days. As oil prices continue to languish around seven year lows, Asda has announced it will cut the price of its unleaded petrol to 99.7p a litre, and diesel to 103.7p per litre. The reduction will only [...]