Incredible shrinking toilet paper: The six products you’re getting less of, but are not getting cheaper April 20, 2016 When you're spending a penny, you're being short changed, it turns out. One brands' toilet rolls have been quietly shortened, but you're still paying the same price, and it's just one of several products where you're now getting less bang for your buck – and may even pay more for less – according to research from consumer [...]
Asda toasts £850k deal to stock 25 beers from 13 Scottish craft breweries, including Isle of Arran, Isle of Skye, Loch Ness and Kelburn April 18, 2016 The unstoppable cultural phenomenon that is craft beer has just ratcheted up even more mainstream support. Supermarket giant Asda has agreed a listings deal with 13 breweries to put 25 new craft beers on its shelves in Scotland, in a deal worth more than £850,000. An industry source told City A.M. that if sales in Scotland are robust and [...]
Pepsico’s revenue drops three per cent, but earnings beat analyst expectations April 18, 2016 Pepsico's reported revenue fell by 2.9 per cent in its first quarter, but its earnings beat analysts' expectations. The figures In the quarter to 19 March, the Pepsi, Tropicana and Quaker porridge maker reported net income attributable to the firm of $931m (£657m), down from $1.22bn in the same period last year. Its net revenue was $11.86bn, down [...]
Asda and Aldi recall white and dark rums over fears of glass fragments in bottles produced by Glen Turner Co April 14, 2016 Bottles of dark and white rums sold in Aldi and Asda have been recalled by the food and drinks watchdog over concerns the bottles may contain "small fragments of glass". The spirits producer Glen Turner Co, which supplies both supermarket chains, has recalled 70cl bottles of rum on a precautionary basis as they pose "a [...]
With Tesco’s profits up but facing an “uncertain market”, has Dave Lewis saved the supermarket? April 14, 2016 John Ibbotson, director of retail consultancy Retail Vision, says Yes. Yesterday’s fall in Tesco’s share price should be taken with a Value sack of salt. Chief executive Dave Lewis is achieving an extraordinary feat, turning around an oil tanker in a very tight spot. With Tesco hemmed in by ruthless competition and food price deflation, it’s [...]
City heavyweights join shadow business secretary Angela Eagle to decide the corporate winners of this year’s LGBT Awards April 6, 2016 Distinguished business figures met in the capital today to decide the British LGBT Awards corporate winners The judging panel, made up illustrious names across the banking, finance and legal sectors, met up with shadow business secretary Angela Eagle to pick out winners for an array of gongs that praise the hard work done by Square Mile staffers [...]
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 [...]
Cost of weekly supermarket shop drops for fourth month in a row to hit lowest level in over a year April 4, 2016 The cost of the average weekly grocery shop has fallen for the fourth month in a row to reach its lowest level in over a year, data released today shows. Research by price comparison site MySupermarket found that a basket of 35 staple products across the major grocers cost £84.36 in March, down 3.8 per [...]
Bonmarche’s share price rises as it names Asda director Helen Connolly as new chief executive March 30, 2016 Bonmarche has named Asda director Helen Connolly its new chief executive, replacing Beth Butterwick at the helm. Connolly will take up the role at the womenswear retailer later this year. Bonmarche's share price rose almost two per cent on the news this morning. She is currently senior buying director for George at Asda, where she is responsible for all women's [...]
Fruit juices, drinks and smoothies might not be one of your “five a day” according to new sugar study March 24, 2016 Just a few weeks after it was revealed how much sugar was lurking in your Starbucks coffee drinks and a fortnight since George Osborne announced a sugar tax on soft drinks, it seems fruit juice could be another villain too. The authors of a new study have even gone so far as to suggest that [...]