Thousands queue for 40 jobs on offer at German discounter Aldi March 24, 2014 THOUSANDS of jobseekers queued in the Midlands this weekend for the chance to apply for 40 jobs being offered at fast-growing budget supermarket Aldi. The German discounter, which has seen its share of the grocery sector grow to a record 4.3 per cent after piling more pressure on the big four supermarkets, is searching for [...]
City A.M. award winners 2014 are… November 13, 2014 CITY A.M. AWARDS 2014 Congratulations to all the enterprising winners of our fifth annual awards. PERSONALITY OF THE YEAR Nigel Wilson Legal & General BUSINESS OF THE YEAR Aldi ACCOUNTANCY FIRM OF THE YEAR PwC ANALYST OF THE YEAR Ian Whittaker Liberum BANK OF THE YEAR Handelsbanken BUSINESS SERVICES FIRM OF THE YEAR Compass Group [...]
From Greek elections and Apple’s record-making profits to Thameslink floods and Afren’s misery: Here’s what got us talking this week January 30, 2015 News was dominated by results from the US this week, but it was Apple that really made waves with its history-making profits of $18bn in one quarter. Here are five things that put that into perspective. (Hint: It's huge). Meanwhile as the results of the Greek election began to sink in, investors started reacting. [...]
Sainsbury’s eyes dividend cuts as profits set to fall November 10, 2014 Spending cuts, including a reduction in its dividend, are tipped to be on the agenda for Sainsbury’s on Wednesday as the supermarket prepares to rein in costs along with its first-half results. Analysts expect chief executive Mike Coupe will reveal a disappointing 12.5 per cent fall in profits to £350m for the period, as the [...]
UK supermarkets vs German discounters: Morrisons gets tough as Buffett attacks Tesco October 2, 2014 Britain’s embattled supermarkets have finally begun their fight back against German discounters Aldi and Lidl who have been eating their lunch in recent months with double-digit growth in the sector. Morrison, the UK’s fourth biggest supermarket, will launch its first customer loyalty card today, along with a price-matching scheme that its chief executive has labelled [...]
Store wars: Lidl attacks Morrisons with combative ad campaign October 4, 2014 Lidl have launched a new ad campaign, ridiculing Morrisons's attempts to match their prices. This may sound like dry advertising rivalry, but the gauntlet has been well and truly thrown down. Great advertisement from @LidlUK – very clever response to @Morrisons price pledge. pic.twitter.com/zUwrEKms6c — Steve Myall (@stevemyalleats) October 4, 2014 The advert lists the steps [...]
Uncertainty over future of Tesco executives suspended after discovery of £260m profits overstatement November 28, 2014 One of the executives suspended by Tesco after it discovered a black hole in its accounts has left the company, it is understood. The BBC reported this morning one of eight executives who were suspended when it revealed it had overstated profits by £260m had stepped down. Tesco announced in September that it had overstated [...]
Razor sharp: Will King talks moving on from King of Shaves, politics, a plan for Tesco and why we need Tinder for voting May 4, 2015 I came, I saw, I shaved, I died’ isn’t how I want to be remembered,” quips Will King. In 1993, he founded King of Shaves, the popular men’s toiletries brand. In frustration over the poor quality of his own products, he turned to his then-girlfriend’s bath oil for a smoother finish. The resulting businesses, including [...]
Are you a Waitrose Wendy or a Tesco Tracey: How do the UK’s supermarket shoppers look? November 17, 2014 What does a Waitrose shopper look like, and how would you tell them apart from a Sainsbury's regular? There's actually not much to choose between them, according to YouGov, which has just released the best visualisation tool we've seen for a while. What YouGov says is particular (as opposed to generally true) about [...]
Tesco loses more market share as supermarket sector slows to record low September 23, 2014 Growth in the supermarket sector has slowed to an all-time low, with Tesco once again losing market share to Asda, Aldi and Lidl. The troubled supermarket, which yesterday revealed a £250m black hole in its profits, saw its market share drop 4.5 per cent in the 12 weeks to September 14. During the [...]