Sainsbury’s Asda merger makes Mayfair live worse for more after delivering £140m blow April 30, 2018 Some of Mayfair’s best-known hedge funds were today delivered a blow by Sainsbury’s as shares in the supermarket giant surged following a weekend confirmation it was holding merger talks with rival Asda. Along with other retailers, the grocer is one of Britain’s most heavily shorted stocks. Some 14.55 per cent of Sainsbury’s share capital is [...]
Sainsbury’s Asda merger facing review by the Competition and Markets Authority April 30, 2018 Sainsbury’s proposed merger with Asda is “likely to be subject to review”, the Competition and Markets Authority (CMA) confirmed this morning. Sainsbury’s chief executive Mike Coupe said this morning that the supermarket has asked the CMA to fast-track the deal to a phase two in-depth probe, and expects the watchdog will be minded to keep [...]
Sainsbury’s (SBRY) share price soars after confirming Asda merger proposal will lead to price cuts of around 10 per cent April 30, 2018 Sainsbury’s this morning provided more detail on its plans to merge with Asda, after reporting a return to growth with full-year profit before tax up 1.4 per cent to £589m. Shares in the supermarket soared in early trading after the tie-up proposal was confirmed, up more than 16 per cent in early trading. The combination [...]
Store wars: Sainsbury’s and Asda mega-merger heats up race to become Britain’s ultimate supermarket superpower April 30, 2018 The race to become Britain’s ultimate supermarket superpower grew suddenly more interesting over the weekend as Sainsbury’s and Walmart-owned Asda revealed they are in merger talks to become Britain’s largest grocer. The two supermarkets, which have both lost market share, are seeking to join forces in a bid to topple Tesco, the current market leader [...]
Sainsbury’s to announce details of talks for £10bn Asda merger April 30, 2018 Details of a proposed £10bn mega-merger between Sainsbury’s and Asda will be revealed today, after it emerged that the two giants are locked in takeover talks. Sainsbury’s will issue a statement to the market this morning after confirming on Saturday that it was in advanced discussions regarding the tie-up with Wal-Mart owned Asda. City observers [...]
Duracell distributor targets alternative investment market float April 23, 2018 A leading manufacturer and supplier of batteries, lighting, and vaping products will make its stock market debut next month. Supreme, which counts retailers Asda and Iceland among its customers, announced plans today to join London’s junior market in May as it targets raising £10m for a new stage of growth. The company’s revenues hit £70.7m [...]
Tinder is carrying out a huge company-wide review to close the gender pay gap March 7, 2018 Dating app Tinder said today it will be carrying out a comprehensive review of its compensation structure to assess any pay discrepancy and tackle the gender pay gap. The firm said that it was “determined to play a bigger role in the fight for gender parity in the workforce”, so had commissioned a global consulting [...]
Retail job losses could number 15,000 as industry strains under cost pressures March 1, 2018 At least 15,000 retail sector jobs have either been slashed this year or are now at risk as household names sink into administration, according to calculations by City A.M. Toys R Us and Maplin went into administration yesterday, putting more than 5,500 jobs in doubt. The double-whammy for the industry comes after fashion chain East [...]
John Lewis, Waitrose and Lidl: The top 10 retailers with the best customer shopping experience – Forrester February 15, 2018 Middle England favourites John Lewis and Waitrose continue to triumph when it comes to offering shoppers the best customer experience – but Lidl is racing ahead of rivals. The discounter climbed to ninth – a rise of six places – in an annual ranking of the best customer shopping experience, taking into account things such [...]
Aldi knocks Waitrose off supermarket top spot while shoppers turn to Iceland and Ocado for online groceries February 12, 2018 Aldi has knocked Waitrose off the top spot as the UK’s favourite supermarket for in-store shopping. Customers rated their experience at the budget retailer as best in Which?’s annual survey. Last year’s most popular supermarket Waitrose fell to fourth-highest, below Marks & Spencer and Lidl. Respondents rated Aldi’s value for money very highly, and were [...]