WHAT THE OTHER PAPERS SAY THIS MORNING January 9, 2012 FINANCIAL TIMES RBS TO PRESS ON WITH BONUSES Royal Bank of Scotland is determined to press ahead with plans to pay out promised bonuses to investment bank boss John Hourican and other top staff, despite growing rhetoric from the government about excessive pay. RBS, which is 83 per cent owned by taxpayers, has long been [...]
Tesco loses market share in run-up to Xmas January 10, 2012 Britain’s biggest retailer, lost grocery market share in the run-up to Christmas as rivals fought back against its price-cutting campaign and cash-strapped shoppers flocked to discount stores, according to new data. Market researcher Kantar Worldpanel said grocery sales rose 4.8 per cent in the 12 weeks to 25 December. That lagged a 5.9 per cent [...]
Ocado slumps after grocery profits go off December 19, 2011 SHARES in Ocado took a battering yesterday after the online grocer warned that full-year profits would come in below expectations, due to problems at its main distribution centre in north London. The company, which sells goods from high-end supermarket chain Waitrose, said underlying earnings for the year would be within a range of £27.5m–£28.5m, down [...]
Ocado running late more often December 4, 2011 ONLINE grocer Ocado has seen the punctuality of its deliveries slip in the face of increasing demand. The listed company, which sells Waitrose goods, is understood to have delivered 90-95 per cent of its shopping early or on time in the past three months, compared to an average punctuality rate of 95.5 per cent in [...]
Ocado issues profit warning December 19, 2011 British online grocer Ocado said its full-year earnings were on track to rise by at least a quarter after an easing of supply bottlenecks at its main distribution centre helped weekly deliveries hit a new record. But Ocado, which mostly sells the products of high-end supermarket chain Waitrose, said underlying earnings for the year to [...]
WAITROSE SALES SIZZLE April 12, 2011 SALES at Waitrose soared by 23.7 per cent for the week ending 10 April, it revealed yesterday, as the hot weather saw people head outdoors to eat. Sales of barbecue food were up 566 per cent on the same period last year. Sales of side salads were up 128 per cent, dressed salads were up [...]
Waitrose takes the challenge to Ocado with warehouse opening April 20, 2011 WAITROSE is setting itself up to directly compete with Ocado, by opening a massive “virtual shop” in west London to step up the delivery of orders from its website in the capital. Waitrose will use the the warehouse in Acton to store goods ready for dispatch. The supermarket has a clause in its contract with [...]
Pimm’s and trifle give Royal Wedding boost to Waitrose May 2, 2011 THE extra Royal Wedding bank holiday pushed Waitrose sales up 23.1 per cent compared to last year’s Easter break, the supermarket said yesterday. Total branch sales for the week to Saturday 30 April jumped as revellers stocked up for barbecues and street parties. Popular items included trifle, with sponge sales rising 370 per cent on [...]
Pimm’s and trifle give Royal Wedding boost to Waitrose May 2, 2011 THE extra Royal Wedding bank holiday pushed Waitrose sales up 23.1 per cent compared to last year’s Easter break, the supermarket said yesterday. Total branch sales for the week to Saturday 30 April jumped as revellers stocked up for barbecues and street parties. Popular items included trifle, with sponge sales rising 370 per cent on [...]
Stuck for wine this Xmas? Try a Madeira my dear December 12, 2011 HEAD SOMMELIER AND MANAGER OF LUTYENS RESTAURANT In the great age of exploration, Portuguese sailors would fill the holds of their ships with the wines of Madeira and sail to the New World. Like many wines of the era, destined for export, they were fortified – grape spirit was added to improve their stability and [...]