Law firm lodges equal pay claims against supermarket giant Morrisons November 13, 2018 The law firm that is taking on the big four supermarket giants over allegations of unequal pay has today lodged its first batch of claims against Morrisons in the Employment Tribunal. As well as Morrisons, Leigh Day is also taking on Asda, Sainsbury's and Tesco on behalf of female members of staff who believe they [...]
Sainsbury’s and Asda merger could cut hole in shoppers’ pockets, Waitrose warns November 8, 2018 The proposed merger of Asda and Sainsbury’s will cause substantial harm to customers, rival chain Waitrose warned today. It said the merger could force independent retailers to close in the face of competition from the new giant, leaving shoppers with fewer alternatives, while prices could rise. In comments to the Competition and Markets Authority (CMA), which [...]
Sainsbury’s sees rising sales despite ‘uncertain’ outlook November 8, 2018 Sainsbury’s posted growth in underlying profit for its half-year results today, despite highlighting an 'uncertain' outlook ahead of the Christmas spending period. The figures Like-for-like sales climbed 0.6 per cent year on year during the six months, rising from the 0.2 per cent growth it reported for the first quarter of the year. That helped revenue hit £16.8bn, up [...]
Food can’t save M&S as it posts weak results again November 8, 2018 High street bellwether Marks and Spencer issued another disappointing set of figures yesterday and warned that sales are unlikely to pick up any time soon. Shares closed down 0.5 per cent, having been over three per cent down earlier in the day. M&S warned of tough trading conditions due to fierce competition from online competitors [...]
Asda, Morrisons and Sainsbury’s to cut price of unleaded petrol by 2p November 6, 2018 Supermarket giants Asda, Morrisons and Sainsbury's are locked in a pricing war after all three pledged to cut the price of fuel by 2p. The war was triggered by Asda's decision to cut the price of its unleaded fuel by 2p to 122.7p per litre. Rivals Morrisons and Sainsbury's announced soon after that they too would shave [...]
Asda considers up to 2,500 job cuts as CMA probes Sainsbury’s merger October 26, 2018 Asda has said that it will begin consultations with staff over changes that could lead to a reported loss of up to 2,500 jobs next year. The news, first reported by the Press Association, comes as the Competition and Markets Authority (CMA) conducts a second stage investigation into the proposed takeover of the supermarket by [...]
Ranked: Sports Direct tops poll of UK’s most loathed brands October 23, 2018 House of Fraser owner Sports Direct is the UK’s most loathed brand, according to consumer finance website Money Saving Expert. However, billionaire Mike Ashley's bottom-placed retail giant may have been hurt by a social media campaign against the company, admitted the website, which asked 7,600 readers to rank 52 household name brands. Read more: Mike [...]
Asda and Sainsbury’s mega merger could hit Aldi and Lidl’s trollies October 17, 2018 Britain’s store wars are intensifying by the day but the force is still strong with German discounters Aldi and Lidl. The price-cutters continued to steal market share from the Big Four supermarkets in the 12 weeks to 7 October, figures from the closely-watched Kantar Worldpanel report showed yesterday. Aldi’s sales growth, its fastest since January [...]
Walmart lowers earnings projections after online push hits profits October 16, 2018 Asda-ower Walmart lowered its earnings forecast for the financial year, after it warned online retail acquisitions would hit profits. The supermarket said its takeover of Indian e-commerce company Flipkart, the largest in the company’s history, would reduce earnings per share by 60 cents in the next financial year, and between 25 and 30 cents this [...]
Aldi and Lidl to be part of watchdog probe into Sainsbury’s takeover of Asda October 16, 2018 The UK’s competition watchdog will be factoring in the role of major rivals and potential threats to suppliers as part of its probe into the planned Sainsbury’s and Asda merger. The Competition and Markets Authority (CMA) said this morning that as part of its investigation into the J Sainsbury takeover of rival Asda, the “level [...]