Analysts spread gloom ahead of Tesco numbers November 26, 2013 TESCO received an unwelcome early Christmas message from City analysts yesterday, as predictions of a further decline in third quarter like-for-like sales sent its shares down 2.5 per cent. Barclays predicted yesterday that the UK’s largest supermarket will report a 1.8 per cent fall in UK like-for-like sales next week compared with flat sales in [...]
Foreign buyers hungry for UK food takeovers November 24, 2013 THE WIDENING gap between discounters and upmarket retailers and a heightened focus on provenance following the horsemeat scandal is driving takeovers of British food brands, new research shows. The number of British heritage and independent brands being snapped up by domestic and overseas buyers is now at the highest level since 2006, according to a [...]
What the other papers say this morning – 22 November 2013 November 21, 2013 FINANCIAL TIMES Independence could lose sterling Scotland will be forced to quit the sterling currency union if it votes for independence next year, a cabinet minister has said, in the starkest warning yet for Scottish voters to remain in the UK. Speaking to the Financial Times days before the Scottish government releases its vision for [...]
Britain’s four leading supermarkets lose share to discounters November 19, 2013 BRITAIN’S big four supermarkets have all lost market share for the first time on record while discount retailer Aldi claimed another record share, new data shows. Tesco, Sainsbury’s, Asda and Morrisons saw their sales growth dip below the market average of 3.2 per cent in the 12 weeks to 10 November, Kantar Worldpanel said yesterday. [...]
Discounters grab market share from UK’s leading supermarkets October 22, 2013 SAINSBURY’S was the only one of the big four supermarkets to gain market share in the 12 weeks to 13 October as discounters continued to put pressure on Britain’s grocers, Data from Kantar Worldpanel out yesterday showed Aldi’s sales leapt by 31.7 per cent year-on-year, gaining record market share of 3.8 per cent against three [...]
The range of premium mixers produced to raise gin’s spirits October 21, 2013 Annabel Palmer talks luck, liquor and a lightbulb moment with Charles Rolls, co-founder of drinks label Fever-Tree WHILE gin may not be the most popular global spirit (that prestigious title goes to Korean rice wine brand Jinro), the world consumes 440m litres of it each year. But back in 2000, Charles Rolls, co-founder of the [...]
Tesco hit by ratings warning as it unveils refreshed luxury range October 7, 2013 TESCO yesterday relaunched its Finest range of luxury produce, though the redesign was not enough to stop a debt rating warning from Moody’s last night. The supermarket, which spent tens of millions of pounds and the better part of a year on the redesign, has recently lost out on UK sales growth to both the [...]
Rosy results for Sainsbury’s with increased sales, stores and new mobile service October 2, 2013 Sainsbury's has reported strong sales which have delivered continued outperformance, with total sales for the second quarter up five per cent (4.6 per cent excluding fuel). (Release) Like-for-like sales for the same period were up 2.1 per cent (2.0 per cent excluding fuel), with total sales for the first half of 2013 coming in up [...]
Brand Index: Price-conscious shoppers are feeling festive about Aldi October 1, 2013 ALDI has been on the rise this week. The discount grocer said its pre-tax profits had more than doubled in 2012, and during the year it attracted 1m additional shoppers. The company also revealed that it is launching a new own-brand line of cut-price luxury foods in time for the Christmas season. Aldi has a [...]
Bank appointed for Gamucci’s E-cigarette fundraising round September 29, 2013 E-CIGARETTE firm Gamucci will appoint Canaccord Genuity this week to manage a £20m fundraising round to finance the company’s expansion. The £20m will be the first of two fundraising rounds in which the company intends to raise between £70m and £100m. Gamucci, whose products are sold in WH Smith and Waitrose, expects its e-cigarette sales [...]