CITY MOVES | WHO’S SWITCHING JOBS October 30, 2011 Premier Cru Fine Wine Investments Serial entrepreneur Sir Eric Peacock has joined the board of Premier Cru Fine Wine Investments, the fine wine investment adviser, as a non-executive chairman. Sir Eric is a non-executive director of UKTI and the chairman of Baydonhill Fx, Buckley Jewellery, Halo Furniture and Stage Technologies. Earlier in his business career, [...]
FTSE extends rally after Eurozone deal October 28, 2011 THE FTSE 100 resumed its rally in early trading but gains were modest compared with yesterday when the Eurozone’s debt plan breathed new life into flagging global markets. World stocks headed for their best week in over two years bolstered by EU leaders’ efforts to contain the Eurozone debt crisis by increasing the bailout fund [...]
RAPID RESPONSES October 13, 2011 Smaller portions Actually, the idea that most food was local 100 years ago [Celebrate Big Food, in yesterday’s Forum] is a long way from the truth. In 1900 both J Sainsbury and Lipton stores carried a huge range of imported food from the Empire and the Continent. Egyptian quails, Bordeaux pigeons as well as French, [...]
Sainsbury’s in £1m deal for digital firm October 11, 2011 SAINSBURY’S has delved further into the market for consumer digital downloads, paying £1m to buy Global Media Vault (GMV) from MBL Group. The supermarket already had a strong relationship with GMV, through an online service launched in November last year that enables customers to buy music and other entertainment products. Yet Sainbury’s is now moving [...]
Aldi market share lifts in tough climate October 11, 2011 BUDGET supermarket groups are growing sales faster than rivals in Britain’s grocery sector as cash-strapped shoppers battle to preserve their income by trading down, market research showed yesterday. Kantar Worldpanel said grocery sales rose 5.1 per cent year-on-year in the 12 weeks to 3 October, up from 4.5 per cent in the previous 12 week [...]
Sainsbury’s to join price match battle October 9, 2011 SAINSBURY’S will turn up the heat this week in the price war between the UK’s leading supermarkets with a pledge to match thousands of prices at rivals Tesco and Asda. The supermarket announced yesterday that it will start its “brand match” campaign this Wednesday, just two weeks after Tesco launched a £500m “Big Price Drop” [...]
Sainsbury’s to join price match battle October 9, 2011 SAINSBURY’S will turn up the heat this week in the price war between the UK’s leading supermarkets with a pledge to match thousands of prices at rivals Tesco and Asda. The supermarket announced yesterday that it will start its “brand match” campaign this Wednesday, just two weeks after Tesco launched a £500m “Big Price Drop” [...]
Sainsbury’s buoyed by fuel and clothing October 5, 2011 SAINSBURY’S yesterday reported a like-for-like sales lift, with clothing one of its top performers. The retailer’s sales were up 1.9 per cent excluding fuel in the quarter to 1 October. Its convenience stores business continued to grow at a rate of 20 per cent, with sales growth stronger than in its supermarkets. It said its [...]
Greek progress lends a hand to FTSE despite retail worries October 5, 2011 RALLIES by hard-pressed banks, insurers and commodity stocks led a bounce back by Britain’s top shares yesterday as support for debt-laden Greece revived investor appetite for riskier assets. Financial issues were boosted after the International Monetary Fund said it “definitely participate” in a second bailout package for Greece if the Washington-based lender was happy about [...]
Sainsbury’s sales edge up October 5, 2011 Sainsbury’s posted an expected rise in second-quarter underlying sales as store extensions and growth in convenience stores, online and non-food ranges helped it to overcome tough trading conditions. The group, which trails Wal-Mart’s Asda and market leader Tesco by annual sales, said on Wednesday sales at stores open over a year rose 1.9 per cent [...]