Greencore: Strawberry sandwich maker’s shares rise amid M&S cyber fallout Retail Shares in Greencore, one of the UK’s major convenience food manufacturers, have risen six per cent following Wednesday’s trading update which highlighted another strong quarter and a robust full-year performance. The FTSE 250-listed group, which supplies sandwiches, rolls and wraps – and notably, the viral Japanese sando-inspired strawberry and cream sandwich – to Marks & [...]
Sunny spring boosts sales at Sainbury’s Retail Sainsbury’s has reported a boost in fresh food sales this spring despite growing competition in the UK’s supermarket sector. The FTSE 100 company said that overall sales grew 4.9 per cent in the 16 weeks to June 21, ahead of the market. Grocery sales grew 4.9 per cent, while non-food sales grew 4.2 per cent. [...]
Morrisons boosts sales amid looming ‘trolley wars’ Retail Supermarket giant Morrisons has posted an increase in sales as it works to offload debt and compete in an ever-tougher sector. Like-for-like sales rose 3.9 per cent in the second quarter of the year, while total sales grew 4.2 per cent to £3.9bn. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) increased 7.2 per [...]
Tesco: Supermarket giant widens market share amid price war June 12, 2025 Supermarket juggernaut Tesco delivered an upbeat trading statement for the first three months of the year as the price war in the competitive UK grocery market rumbled on. Food sales at the grocer were up 5.9 per cent year-on-year led by a strong performance in fresh food. Meanwhile, non-food sales climbed 6.2 per cent after [...]
Is Asda’s ambitious turnaround starting to bear fruit? May 29, 2025 Asda has had a tumultuous year and a half. Since January 2024, the supermarket giant has undergone numerous leadership changes, IT issues, and sales woes. Its troubles began back in 2021, when it was bought in a debt-fuelled takeover by the billionaire Issa brothers – who have since departed the board – and private equity firm [...]
Asda ‘making good progress’ despite sales continuing to fall May 29, 2025 The chairman of Asda has said the supermarket giant is “making good progress” despite its sales continuing to fall. The Leeds-headquartered chain has reported a revenue – excluding fuel – of £5bn for the three months to 31 March, 2025, the first quarter of its financial year. The total is a 5.9 per cent decrease [...]
Tesco, M&S and Sainsbury’s shares drop amid wider FTSE 100 rally April 10, 2025 The UK’s major listed supermarkets missed out on a post-crisis FTSE 100 bump this morning after Tesco’s full-year results stoked fears of ‘trolley wars’ in the sector. The FTSE 100 index rose by more than six per cent as investors breathed a sigh of relief after Trump’s ‘reciprocal’ tariffs were paused last night. However, Tesco, [...]
Tesco: Supermarket giant’s profit beats City expectations but ‘trolley wars’ hit outlook April 10, 2025 Supermarket giant Tesco has beaten profit expectations as it continues to speed ahead in the competitive UK grocery market, but it warned that high competition will affect profit next year. Tesco shares slumped more than seven per cent in early deals. The UK’s biggest supermarket told markets this morning that group adjusted operating profit rose [...]
Co-op profit jumps six-fold ahead of supermarket ‘trolley wars’ April 3, 2025 The Co-op has reported a huge jump in profit for 2024 ahead of potential ‘trolley wars’ in the grocery sector. Group revenue was broadly stable year on year, ticking up by 0.2 per cent to £11.3bn, while underlying profit rose by 35 per cent to £131m. Operating profit more than doubled, from £66m to £151m, [...]
Asda: ‘It’s going to take time to rebuild’ says new boss March 14, 2025 UK supermarket giant Asda has dominated headlines for the last year for a host of different reasons: turmoil at the top, declining market share and issues with a significant IT upgrade. The grocer’s market share fell 5.8 per cent between December 2023 and 2024, while the market share of all other major UK supermarkets grew. [...]