Founder Favourites: Richard Farleigh on what playing chess, investing and starting a business have in common
Supermarket wars: Lidl and Aldi gain ground on Tesco as bargain-hunting Brits battle grocery inflation March 28, 2023 Lidl is the UK’s fastest growing supermarket as bargain-hunting Brits turn to the discount grocer during the cost of living crisis. With grocery inflation now at 15 per cent, new figures published by Kantar this morning show value outlets have seen an uptick in sales last month. Sales in the German supermarket Aldi rose 25.8 [...]
Matalan drafts in supermarket execs as bruised retailer looks to rebuild reputation March 27, 2023 Matalan has drafted in a pair of former Lidl and Co-op executives as the bruised value retailer looks to rebuild its performance following the exit of founder John Hargreaves earlier this year. Jo Whitfeild, the former chief of the Co-op’s food division, will take the lead as Matalan’s chief executive. She will replace interim chief [...]
Milk, meat and fruit worst affected as supermarket groceries DOUBLED in cost over last year, Which? says March 22, 2023 The cost of some everyday groceries has more than doubled over the last year, consumer brand Which? has found. The company analysed inflation on more than 25,000 food and drink products at eight major supermarkets – Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose. Which? looked at the average price of the products in the three [...]
Morrisons slashes prices AGAIN as supermarket attempts to woo Aldi and Lidl shoppers back to its aisles March 20, 2023 Morrisons is slashing prices for the third time in three months as it attempts to drag shoppers back from value retailers including Aldi and Lidl. The supermarket said it was cutting the prices of 460 items such as beef mince, cleaning products and fruit, in a move that followed on from a round of price [...]
Aldi to lift restrictions on fresh produce as shortages ease March 11, 2023 Aldi said it will remove all customer limits on buying fresh produce as supply issues which led to widespread shortages begin to ease. The supermarket joins Lidl and Asda in lifting restrictions. Aldi said in a statement on Saturday: “From Monday (March 13), Aldi will remove all purchasing restrictions on fresh produce – including limits [...]
Food shortage: Tomatoes are back on the menu as supermarkets begin to lift customer limits on fruit and veg March 10, 2023 Supermarkets have started to drop customer limits on buying certain fresh fruit and vegetables as food shortage issues that led to widespread shortages begin to ease. Asda confirmed it had removed limits of three on cucumbers, lettuce, salad bags, broccoli, cauliflower and raspberries, leaving restrictions of three on just tomatoes and peppers. The supermarket said [...]
Salad Days: A run on grow bags and why Harry and Charlotte could help Brits see off food shortage, says RHS March 2, 2023 A shortage of fruit and vegetables in particular tomatoes, cucumber peppers and lettuce, is believed to be behind an increased interest in gardening. Brits have been being advised to avoid salads for the next “few weeks” as supermarkets have kept restrictions in place on tomatoes, peppers, cucumbers and lettuce. The Royal Horticultural Society (RHS) said [...]
Food shortage: Tesco, Sainsbury’s, Asda, Lidl and Morrisons warn salad will not be on the menu for ‘a few weeks’ March 1, 2023 Brits are being advised to avoid salads for the next “few weeks” as supermarkets have kept restrictions in place on tomatoes, peppers, cucumbers and lettuce. Reports of adverse weather conditions in the Mediterranean has forced Tesco, Sainsbury’s, Asda, Morrisons and Lidl into restricting the sale of produce. This comes after social media users took to [...]
Supermarket wars: Waitrose to invest £100m in own brand products as it squares up to discount rivals February 15, 2023 Waitrose is to invest £100m in cutting prices on hundreds of its own-brand products amid intense competition in the sector as consumers battle record inflation. The upmarket grocer is reducing the prices of almost a third of its lowest-priced Essential Waitrose range by an average 14%, while almost a quarter of the cuts, which come [...]
City A.M.’s Top Five: This week’s best read stories – 10 February February 10, 2023 The concept of the UK’s first official digital currency was something that interested City A.M. readers, while the idea of BA’s pedestal as the world’s favourite airline being kicked over also struck a chord. Just in case you missed them, here are the best read stories on City A.M. this week One: Could the UK [...]