Tesco drags Sainsbury’s and Morrisons share price down too April 13, 2016 Tesco might have hoped for a better reaction to its news that it has returned to profit this morning than for investors to send its share price tumbling. Perhaps it was the relatively cautious statement given by chief executive Dave Lewis, or the fact that while profits were above consensus expectations, sales missed by a touch. Or [...]
Tesco’s share price drops as supermarket misses sales forecasts but beats consensus on profit April 13, 2016 Tesco's share price fell 4.7 per cent on the open this morning, despite the supermarket returning to profit and sales growth. The supermarket was the biggest faller on the FTSE 100 in early trading – and it was dragging some of its rival grocers down with it. [stockChart code="TSCO" date="2016-04-13 09:17"] The figures The troubled supermarket's [...]
Supermarket sales rise over Easter – but prove egg-sasperating for Tesco, Morrisons and Asda April 5, 2016 It could have been so easy for supermarkets. Not only are prices at an all-time low, but an early Easter pushed sales up compared with last year, new figures have shown. But while the Easter bunny hopped along to most of the nation's retailers, the big four continued to struggle. The figures, by Kantar Worldpanel, showed sales [...]
Baketime biscuits and crackers retailing in Aldi recalled by Food Standards Agency in pest contamination scare March 30, 2016 NULL
Baketime biscuits and crackers retailing in Aldi recalled by Food Standards Agency in pest contamination scare March 30, 2016 The Food Standards Agency (FSA) has urged customers not to eat a number of biscuit and cracker products sold at the discount supermarket chain Aldi as they have been manufactured in "unhygienic conditions". The 16 affected products, made in a factory on Teeside by a company called Baketime, have been recalled in a notice on the [...]
Supermarkets reap over £1bn of property investment in 2015 as new buyers pile in March 22, 2016 Britain's supermarket sector attracted over £1bn of property investment last year as investors shrugged off the price wars and and went in search of stable returns. Research released today by Colliers International and data analytics provider MSCI revealed that deal volumes reached £1.4bn in 2015, up slightly on the previous year but down on the record [...]
The Waitrose effect: Living near to the supermarket can double your house price March 21, 2016 We all know that properties near good schools can command higher than average prices – but what about your local supermarket? If you're lucky enough to live within walking distance of a Waitrose, your home is likely to benefit from an uplift to your house price, new research from Emoov claims. It's not clear what [...]
Tesco’s share price rises as supermarket takes fight to the discounters with launch of seven value own-label ranges March 21, 2016 Tesco has added fuel to the supermarket price war after launching a range of entry level own-label brands that will challenge the discounters on price. The retailer's share climbed by more than one per cent this morning after it said it will sell around 80 fresh, meat and poultry products under seven new "Farms" brands which, in many cases, will either match or [...]
Sainsbury’s boss Mike Coupe celebrates a Sport Relief windfall with David Walliams and Eastenders star Maddy Hill as the grocery giant raises more than £7m for charity this year March 20, 2016 Sainsbury's boss Mike Coupe must be feeling pretty confident about his store's competitive streak. A week after revealing strong results, the superstore boss got together with soap opera stars to celebrate the success of Sainsbury's Sport Relief Games. This year, the grocery giant has raised over £7m in aid of Sport Relief, culminating in a series fitness [...]
From the Budget 2016 and Brexit to Cheltenham and the world’s first pizza robot: Here’s what got us talking this week March 18, 2016 Humanities students were given a fright in this week's Budget. Getting pizza suddenly got a lot easier. And we learned that when it comes to houses, Britons don't dream big. Bookies have had to pay out £50m already at Cheltenham according to William Hill (Source: Getty) 1) Budget blues Whether you were a sugar lover or a second [...]