Packaging maker DS Smith shares on the rise as profits soar June 13, 2019 DS Smith shares rose five per cent today on the news it enjoyed profit boost of nearly one-third last year. The packaging manufacturer said it had plans in place to stockpile goods ahead of Britain’s planned exit from the EU at the end of October. Read more: DS Smith sells plastics division to US private [...]
Lidl unveils £500m London expansion plan for 40 new stores June 12, 2019 Lidl has unveiled a £500m expansion plan to create 40 new stores in the capital, including its first central London store. The German discount supermarket said the openings would create 1,500 new jobs over the next five years. Read more: Big Four supermarkets stall amid fast rise of Lidl and Aldi A proposed Tottenham Court [...]
Big Four supermarkets stall amid fast rise of Aldi and Lidl May 29, 2019 The UK’s Big Four supermarkets all failed to post a rise in sales during the last quarter as they battled it out with the German discounters to keep their market share in an increasingly competitive landscape. While Tesco’s overall sales were flat in the 12 weeks to 19 May, its performance trumped the likes of [...]
Morrisons in City spotlight for first-quarter results May 6, 2019 Investors will be hoping Morrisons can replicate recently-improved trading results from its supermarket rivals later this week when it looks set to extend a long spell of like-for-like sales growth. Read more: Morrisons granted permission for Supreme Court appeal over data ruling Following a largely better-than-expected financial performance from both Sainsbury’s and Tesco in recent [...]
Sainsbury’s slips behind supermarket rivals after Asda merger blocked April 30, 2019 Sainsbury's sales fell behind those of rivals in the three months to the end of April, according to data released just a week after the supermarket's £7.3bn Asda merger was blocked. Sainsbury’s suffered a 1.2 per cent fall in sales compared to the same period last year, data group Kantar's statistics showed, while Aldi and Lidl [...]
Sainsbury’s: Buyers bet that shares have seen the low April 26, 2019 By Graeme Evans from interactive investor. Trading within a whisker of a record low, a lot of bad news is already written into the share price. Yesterday’s humiliation of Sainsbury (J) (LSE:SBRY) and its boss Mike Coupe has not stopped investors from piling into the supermarket giant’s shares in the belief the chain can bounce [...]
Competition watchdog kills Sainsbury’s £7.3bn Asda merger: What went wrong? April 25, 2019 Almost a year to the day since Sainsbury’s first revealed that it was in merger talks with Asda, it has all come crashing down. In late April 2018 the two retail giants were losing market share to German discounters Aldi and Lidl, and the threat of Amazon moving into the grocery sector was very real. [...]
Competition regulator blocks Sainsbury’s-Asda merger April 25, 2019 A planned tie-up between supermarket giants Sainsbury’s and Asda suffered a final blow from the UK’s competition watchdog, which said this morning that "it has decided to prohibit the merger in its entirety". Read more: Watchdog may block Sainsbury's-Asda merger Sainsbury’s, Walmart and Asda revealed today that they have mutually agreed to terminate the merger plans [...]
Card Factory sales flat as high street footfall drops April 16, 2019 Card Factory saw sales remain flat last year as high street footfall levels dropped, the greetings card company announced this morning. The figures Card Factory’s like-for-like sales dipped 0.1 per cent while overall revenue rose 3.3 per cent to £436m in the year to the end of January 2019. Underlying earnings fell 4.9 per cent [...]
Tesco turnaround marks the milestone for Drastic Dave April 10, 2019 In the never-ending debate about executive pay, examples of failure are cited more frequently than cases of good value for money. Recently the likes of WPP, Persimmon and Ted Baker have all demonstrated how the actions of the top boss can dent the fortunes of a company and frustrate shareholders. But despairing investors now have [...]