Sainsbury’s outperforms big four rivals September 17, 2019 Sainsbury’s was the best performing of the big four supermarkets, according to industry data for the latest 12 week period, as the UK grocery market returned to growth. The supermarket saw sales dip 0.1 per cent in the 12 weeks to 8 September. Read more: Aldi targets London expansion as profit falls Rival grocers Tesco. [...]
Ocado sales growth accelerates after Andover fire recovery September 17, 2019 Online supermarket Ocado reported accelerating growth in the third quarter after it secured an additional warehouse following a fire at the firm’s Andover site. Retail revenue increased 11.4 per cent to £386.3m in the 13 weeks to 1 September, the company reported in a trading update this morning. Read more: Firefighters put out blaze at [...]
French Connection: Sale talks ‘ongoing’ as losses narrow September 17, 2019 French Connection has said that sale talks are ongoing, as the embattled fashion chain posted narrowing losses and a fall in revenue this morning. Shares fell 12.37 per cent after the retailer announced it is extending a strategic review into the business amid continued discussions over the future of the struggling business, which has been [...]
New products boost Finsbury Food’s revenue September 16, 2019 Shares in Finsbury Food Group rose more than eight per cent this morning as the food manufacturer announced revenue growth driven by the launch of new product ranges. The figures The Aim-listed firm said revenue increased 3.8 per cent to £315.3m in the financial year ended 29 June. Adjusted earnings before interest, tax, depreciation and [...]
H&M reports strongest sales growth in three years September 16, 2019 H&M has reported its strongest sales growth in three years in the third quarter of the year, boosted by the popularity of the retailer’s summer collection. Net sales increased 12 per cent, totalling 62.6bn kr (£5.21bn), and were up eight per cent in local currencies, according to H&M’s latest trading update. Read more: H&M shares [...]
Asda employees stage fresh protests over contract changes September 16, 2019 Asda employees are protesting across the country over the implementation of a controversial new contract. Protests will take place at nine stores today, including in Leeds, Glasgow and Nottingham, after GMB union members staged demonstrations across the country earlier this month. Read more: Asda under pressure as workers stage nationwide protests Workers have raised concerns [...]
Aldi targets London expansion as profit falls September 16, 2019 Aldi is planning to expand in London as the budget supermarket seeks new customers following a sharp drop in profit. The company said it will more than double the number of stores inside the M25 from 45 to 100 by the end of 2025 including new smaller “local” high street branches. Read more: Aldi champagne [...]
Bubbling over: Meet the English sparkling wine makers beating the French at their own game September 16, 2019 The Nyetimber estate is toast-worthy: tree-lined country lanes give way to a manicured driveway, revealing the lovingly restored tasting room. The medieval estate’s garden in full-bloom complete with fountains. The weather is, however, nothing to celebrate. I’m greeted with umbrellas and wellies. Another roaring British summer. The scene encapsulates what the owner of the Sussex [...]
Restaurant insolvencies jump by a fifth as casual dining sector squeeze continues September 16, 2019 The number of restaurants collapsing into insolvency has risen by 20 per cent in the last year amid tough competition on the UK high street. Roughly 1,410 restaurants went insolvent in the year to the end of June, up by a fifth on the previous 12 months, according to figures compiled by accountancy firm UHY [...]
Clintons signs up advisers as greeting card stalwart eyes potential sale September 13, 2019 The owners of greeting card chain Clintons have called in advisers as they weigh up a potential sale of the business. The Weiss family, which previously controlled US firm American Greetings, has appointed professional services giant KPMG to oversee a review of strategic options. Read more: Card Factory delivers sales rise despite challenging consumer market [...]