Morrisons beats Tesco, Asda and Sainsbury’s to grow market share June 2, 2015 ONLY WM Morrison managed to improve its market position in the 12 months to the end of May, as the supermarket sector shake-out continues to pound the big four grocery chains. Morrisons sales edged up by 0.1 per cent on the year, as its market share held flat at 10.9 per cent. Aldi stormed up the [...]
Joy for shoppers as prices drop for the 25th consecutive month June 2, 2015 UK shop prices dropped by 1.9 per cent in May compared with the same month last year, according to figures released today by the British Retail Consortium. This is the same rate of decline seen in April and marks over two years of shop price deflation. The overall figure was helped by food prices, which fell [...]
Retail giants aim to go the extra mile June 2, 2015 Online demand is moving retail sheds closer to town THE BOOM in online retailing has created a scramble for small plots of land close to city centres that can be used as nimble distribution hubs for the click-and-collect generation. Vast 500,000 square feet to 1m sq ft warehouses at the heart of the countryside were [...]
LondonMetric embarks on £26m shopping spree at Marks & Spencer June 2, 2015 LondonMetric said yesterday that it has snapped up a portfolio of five M&S Simply Food stores for £26m, as it boosts its exposure to the booming convenience market. The FTSE 250 retail and distribution warehouse speciality said the acquisitions come on top of a recent letting of 11,300 sq ft to M&S for 20 years [...]
HSBC hires two new female non exec directors, Irene Lee and Pauline van der Meer Mohr June 2, 2015 Embattled banking giant HSBC appointed a pair of new experienced business names to its board yesterday, in a move that could bolster its governance, after a series of bruising reputational scandals. Irene Lee is an expert in Asia-Pacific finance, and has served on the boards of finance firms including ING Australia and Hang Seng Bank. [...]
Bidders for East Anglia rail line are confirmed: First East Anglia and National East Anglia Trains to take on Abellio June 2, 2015 The government yesterday named the firms who have qualified to bid to operate the East Anglia rail franchise. The operators, that will now endeavour to succeed incumbent Abellio East Anglia, are First East Anglia and National East Anglia Trains. Abellio East Anglia Limited – a joint venture between Abellio Transport Group and Stagecoach [...]
New formats to prompt boost in media revenues June 2, 2015 MOBILE internet usage will overtake broadband as early as 2017, a new report released today has found. The web usage figures relate to internet via a cellular mobile network, such as 3G or 4G. Such usage will increase 7.1 per cent a year, to bring in revenues of £7bn by 2019, according to the survey. [...]
Tim Farron vs Norman Lamb: Lib Dem leadership race set to be two-man contest June 2, 2015 With nominations closing today for the Liberal Democrat leadership contest, the election is shaping up to be a two-man race between Tim Farron and Norman Lamb. The party veterans have both declared their candidacies to replace Nick Clegg, who stepped down after the General Election last month. Ballot papers are set to be [...]
Obituary, Charles Kennedy 1959 – 2015: Former Liberal Democrats leader dies aged 55 June 2, 2015 Former leader of the Liberal Democrats Charles Kennedy died suddenly on Monday at the age of 55. Kennedy’s family announced his death in a statement released yesterday morning, saying, “Charles was a fine man, a talented politician and a loving father to his young son.” Politicians from across the political divide have since paid tribute [...]
Streams are the new downloads: Apple music service rumours swirl as Netflix tests ads and Spotify experiments with video June 2, 2015 The battle to dominate the growing online media streaming market, and to make money from it, is about to go up a level. Tech giant Apple is rumoured to be preparing to announce a $10 (£6.50) a month music streaming service at its WWDC conference for software developers on Monday. If the move [...]
