David vs Goliath? Why Tesco’s “Every Little Helps” is losing the battle for supermarket supremacy October 3, 2014 Like most of us, I’ve been watching the differing fortunes of Tesco and Aldi play out over the past few days. And it’s compulsive viewing, not least of all because we love the underdog. Plucky little Aldi with just 500 stores, takes on the might of Tesco and gives the goliath a bloody nose. Great [...]
From Quindell and Gotham City to Uber and the LDTA – five of the biggest business battles to watch out for in 2015 December 22, 2014 Rival camps have banded together, the lines are drawn, battle armour is on and adrenaline is running high. All that's left for spectators to do is grab some popcorn and watch from the ringside. From rival estate agents, to a business targeted by a Batman styled US fund and an influx of tiny new banks [...]
FTSE recovers but Tesco’s woes drag down rival retailers – London Report October 23, 2014 BRITAIN’S top equity index recovered yesterday and ended slightly higher, tracking a broad rally in US stocks following some strong earnings results, although a slump in Tesco and Unilever capped gains. The FTSE 100 index ended up 0.3 per cent at 6.419.15 points, after falling as much as 1.4 per cent during the day. Troubled [...]
Asda sales fall for first time since 2010 but market share grows as boss Andy Clarke heralds strong performance in “distressed market” November 13, 2014 Having largely kept its head above water as sales and market share sinked at fellow supermarkets, Asda is finally feeling the pinch. The supermarket published figures today showing sales slipped for the first time since 2010 during its third quarter. The UK’s second largest supermarket said like-for-like sales fell 1.6 per cent in the three [...]
Tesco loses out to Germans discounter Schwarz Beteiligungs in global market as Wal-Mart, Carrefour and Seven and I remain on top November 3, 2014 Battered retailer Tesco is losing market share on the global stage as German discount chains continue to steal ground from the British giant, researchers at Euromonitor International said today. Tesco has now been bumped from fourth-largest retail chain in the world into fifth place by German value group Schwarz Beteiligungs. Its dominant position in the [...]
Exclusive: CMC Markets plans more growth before IPO November 6, 2014 Online trading firm CMC Markets could float this time next year if the group grows as planned, chief executive Peter Cruddas told City A.M. yesterday. “I expect we can triple in size in the next five to seven years. I would be disappointed if we didn’t,” he said. “We are looking at a flotation, but there [...]
John Lewis, M&S, Debenhams – the best Christmas TV adverts of 2014 November 7, 2014 Alright, so there's still a month and a half until the big day – but settle in, because Christmas ads have begun to grace our screens, and they're going to be around for the next 47 evenings in. You might as well become acquainted. First up, we had the big one: John Lewis' much-awaited Christmas [...]
Moody’s thinks Tesco, Sainsbury’s, Asda and Morrisons’ profit margins will continue shrinking October 17, 2014 Profit margins at the so-called “big four” supermarkets will shrink even further than they have already as they fight a losing battle against discounters, according to rating agency Moody's. "Further price cuts could be particularly credit negative for Tesco and Morrison as their cost-cutting and efficiency measures are unlikely to fully offset the negative impact [...]
Sainsbury’s share price falls following drop in sales October 1, 2014 Shares in Sainsbury's fell 2.97 per cent to £2.44 this morning, following an announcement by the supermarket its sales have fallen for the third quarter in a row. In its second-quarter trading statement for the three months to the end of September, it reported like-for-like sales, excluding fuel, were down 2.8 per cent during [...]
David Cameron and George Osborne give Aldi thumbs up after 35,000 jobs pledge November 10, 2014 It's not just bargain hunting shoppers and those looking for the best tipple who love Aldi – now the Prime Minister and chancellor have told the world of their love for the German grocer. David Cameron and George Osborne today welcomed the news that Aldi has pledged to create 35,000 new jobs in the [...]