Sainsbury’s in festive feast as sales rise January 7, 2010 J SAINSBURY was given a festive boost with sales rising by 3.8 per cent as shoppers snapped up food and drink for Christmas. The like-for-like sales figures at Britain’s third largest supermarket chain, revealed yesterday, beat the forecasts of City analysts who had predicted a 3.5 per cent gain. Sainsbury’s slashed prices on its beer, [...]
Northern Foods revenues slide July 13, 2010 Food manufacturer Northern Foods said sales fell in the first quarter of its fiscal year, reflecting its decision to pull out of low margin contracts. The company, which makes own-label products for retailers as diverse as premium food seller Marks & Spencer and discounter Aldi, said yesterday comparable sales were down 1.6 per cent in [...]
Supermarket showdown as rivals report June 13, 2010 SUPERMARKET giants Tesco and J Sainsbury are this week expected to report fairly flat sales growth for the first quarter of the year, signalling a slowing of consumer activity across the food sector. Tesco is expected to report sales growth of between zero and 1.5 per cent tomorrow for the first quarter according to analysts, [...]
Supermarket showdown as rivals report June 13, 2010 SUPERMARKET giants Tesco and J Sainsbury are this week expected to report fairly flat sales growth for the first quarter of the year, signalling a slowing of consumer activity across the food sector. Tesco is expected to report sales growth of between zero and 1.5 per cent tomorrow for the first quarter according to analysts, [...]
Amazon set to sell groceries July 7, 2010 Ocado’s £1.1bn float was dealt another blow yesterday when internet giant Amazon launched a competing grocery delivery business. Amazon has long toyed with the idea of branching into food delivery, and already does so in the US and Germany, but the timing of the decision heaps pressure on Ocado. Analysts have already questioned the value [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
A new generation of banks August 5, 2010 BRITAIN saw the launch of its first new high street bank in many years recently, with the opening of Metro Bank’s first and only branch so far on High Holborn. The launch featured no end of gimmicks – including balloons, goodie bags and free dog biscuits – to persuade consumers that the bank offers something [...]
Board shake-up at Mitchells & Butlers as finance chief quits to join Rentokil June 22, 2010 PUBS and restaurant group Mitchells & Butlers (M&B) has appointed Interserve’s Tim Jones as finance director replacing Jeremy Townsend, who will join Rentokil as chief financial officer at the end of August. Meanwhile, Interserve said Tim Jones, who has handed in his resignation in order to take up the role at M&B, will remain at [...]
The grocer who says this year will test retailers as well as shoppers May 31, 2010 Much like the rest of the country, the chief executive of the country’s third largest supermarket group is trying to make up his mind about the coalition government. At the start of the election campaign Sainsbury’s boss Justin King was one of many who backed Tory plans to scrap national insurance hikes for employers, a [...]