‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Bottom Line: Focus on staying number one at home April 16, 2014 BELEAGUERED Tesco boss Philip Clarke has declared he isn’t going anywhere. Unfortunately, on his watch, neither is the nation’s favourite supermarket. After twenty years of rising profits for the group, this is the second year in a row where they have fallen. Pre-tax profits were down 6.9 per cent: 7.7 per cent in constant exchange [...]
The real casualties of the supermarket price wars April 16, 2014 The threat posed by the hard discounters on Britain’s big four retailers has been well documented. Tesco’s chief executive Philip Clarke today described his discount rivals as “formidable” as he announced further plans to slash prices beyond the £200m already set aside in February. But new research shows that the biggest unrecognised casualties of the [...]
Big four grocers all lose ground to discounters April 9, 2014 BRITAIN’S four biggest supermarket groups all lost market share over the last three months to German discounters Aldi and Lidl, with Sainsbury’s suffering the biggest drop in market share in ten years. Sainsbury’s has until this month been the only one of the big four to resist the pressure of the discounters and hold onto [...]
Brand Index: Cheaper supermarket brands are outflanking Morrisons April 8, 2014 GERMAN discounters Aldi and Lidl continue to expand their reach in the UK at the expense of the so-called “big four” chains, with Aldi increasing its market share by more than a third. Tesco, Asda, Sainsbury’s and Morrisons have all experienced a decline in sales, though Asda has proved the most resilient and Morrisons has [...]
Big four grocers all lose ground to discounters April 8, 2014 BRITAIN’S four biggest supermarket groups all lost market share over the last three months to German discounters Aldi and Lidl, with Sainsbury’s suffering the biggest drop in market share in ten years. Sainsbury’s has until this month been the only one of the big four to resist the pressure of the discounters and hold onto [...]
Cameron open to overhauling the way MPs are held to account April 7, 2014 DAVID Cameron would be “very open” to overhaul the way MPs monitor and police themselves and is happy to take suggestions on other options, he said yesterday. During a visit to an Asda store in Clapham, the Prime Minister once again threw his support behind culture secretary Maria Miller despite mounting calls for her to [...]
Allan Leighton to join cast of Peppa Pig March 31, 2014 PEPPA Pig owner and television distributor Entertainment One yesterday appointed former Asda chief exec Allan Leighton as chairman, in a move rumoured since September. Leighton also serves as chairman of set-top box maker Pace and was formerly chairman of the Royal Mail. James Corsellis will step down as Entertainment One’s chairman today.
Royal Mail veteran Allan Leighton announced as chair of Peppa Pig owner March 31, 2014 Allan Leighton, chief executive of jewellery company Pandora and former chairman of Royal Mail, has been appointed chairman of Entertainment One, who jointly own, with Astley Baker Davies, popular children's TV programme Peppa Pig. Leighton is a boardroom heavyweight; he's been chief executive of Asda, chairman of lastminute.com, and on the board of BSkyB. Chairman James Corsellis has stepped [...]
More to spend as income growth above inflation March 31, 2014 HOUSEHOLDS have seen their weekly discretionary spending rise by £5 in the year to February, the fastest uptick for 15 months, Asda’s income tracker suggests. The analysis of UK incomes released today shows typical disposable incomes rising to £169 per week this February, a 2.95 per cent increase since February 2013. The supermarket highlighted declining [...]
Asda plans HQ redundancies March 24, 2014 ASDA has announced around 200 job losses among its senior managers at its head offices in Leeds and Leicestershire amid mounting competition among Britain’s major grocers. The US-owned chain, which alerted staff yesterday morning, said the redundancies follow a review into the business last year and recognising “a structural change taking place in the retail [...]