Tesco sales growth slows January 31, 2012 Sales growth at Tesco has slowed to just half that of the broader grocery market as rivals like Wal-Mart’s Asda and J Sainsbury gain share, data showed. Market research by Kantar WorldPanel showed grocery sales in Britian climbed 4.2 per cent year-on-year in the 12 weeks to January 22 compared with 4.8 per cent in [...]
Bury bonds in tax-efficient Isas to avoid digging deep January 25, 2012 HIDDEN among the carnage following the implosion of Lehman Brothers in 2008 lay an opportunity to profit from corporate bonds. And for those who weren’t busy stocking up on water, guns and canned food, corporate bond funds have proved an invaluable hedge against volatile and broadly weak equity returns and inflation’s creeping decimation of their [...]
Inflation plummets as high street sales help the consumer January 17, 2012 CONSUMER prices increased at their slowest pace for six months in December, the Office for National Statistics revealed yesterday, with alcohol and tobacco prices down in the month and fuel rises slowing. The headline consumer price index increased by 4.2 per cent in the year to December – down from 4.8 per cent the month [...]
With the Eurozone tottering it may be time we signed up for some Norwegian lessons January 15, 2012 NORWAY is indeed a country of good fortune. Post World War II, the quality of living was relatively poor by Western standards, based upon the proceeds of an old-fashioned primary economy. Since the discovery of North Sea oil in the 1960s, this nation of only 4.9m has rocketed to fourth in the IMF’s league table, [...]
Banks lead FTSE up after bond auctions boost January 13, 2012 Banks led the FTSE 100 up this morning as they were buoyed by tentative signs of recovery in the Eurozone. European shares and the single currency rose after positive comments on the region’s outlook from the European Central Bank and the success of Spain’s bond auction yesterday. Meanwhile Italy launched a €4.75bn bond auction today. [...]
Co-op buys David Sands shops after strong trading January 10, 2012 SUPERMARKET chain the Co-operative Group reported strong trading figures for the four weeks to 31 December yesterday, as it announced it had bought 28 convenience stores in Scotland from the David Sands group. Co-op, run by chief executive Peter Marks, has previously said it wants to increase the number of stores it runs across Britain [...]
Tesco loses market share in run-up to Xmas January 10, 2012 Britain’s biggest retailer, lost grocery market share in the run-up to Christmas as rivals fought back against its price-cutting campaign and cash-strapped shoppers flocked to discount stores, according to new data. Market researcher Kantar Worldpanel said grocery sales rose 4.8 per cent in the 12 weeks to 25 December. That lagged a 5.9 per cent [...]
It’s crackers! Experts count the cost of Christmas lunch December 22, 2011 IF you’re heading to the supermarket today to pick up the ingredients for Christmas dinner, then along with your shopping trolley there’s one other basket you shouldn’t forget – the inflation basket. Choosing between broccoli and carrots may not seem like a crucial decision, but with food inflation and supermarket price wars hitting the cost [...]
Retailers hit as consumers cut spending December 18, 2011 RETAIL sales are continuing to slump as consumer spending power is hit by inflation, government spending restraint and the Eurozone crisis, according to research published yesterday by the Centre for Economics and Business Research (CEBR). Spending is down 1.7 per cent compared with November, the CEBR claims, and down 0.3 per cent on last December [...]
Supermarket price war hits food inflation December 13, 2011 THE PACE of price rises slowed slightly last month as the supermarket price war cut inflation and petrol prices fell, according to data from the Office for National Statistics, but the cost of living is still soaring relative to wages. Consumer prices (CPI) rose by 4.8 per cent in the 12 months to November, down [...]