JCDecaux marks 10 years of Nurture at London Stock Exchange after supporting 500+ UK growth businesses
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 [...]
Inflation falls to 4.8pc December 13, 2011 The (CPI) inflation figure in the UK fell to 4.8 per cent in November, down from five per cent the month before, according to the Office for National Statistics. Retail Prices Index (RPI) inflation – which includes mortgage interest payments – fell to 5.2 per cent from 5.4 per cent. The fall was partly due [...]
THE WEEK AHEAD December 11, 2011 COMPANY NEWS ● Betfair Group will announce its interim results tomorrow. The sports-focused online gambling exchange is betting on seeing the numbers in their favour. ● Domino Printing Sciences will announce its preliminary results tomorrow. The company is lasered in on industrial printing equipment. Carpetright, Britain’s largest carpet retailer, will also roll out its preliminary [...]
Price slashes couldn’t save sales at Tesco December 8, 2011 TESCO sales fell for the fourth quarter in a row yesterday, hitting the bottom end of analyst forecasts. Like-for-like UK sales, excluding VAT and petrol, dropped 0.9 per cent, equalling last quarter’s decline. This comes despite Tesco’s attempt to revive sales with its £500m Big Price Drop campaign. The marketing drive enticed an extra 346,000 [...]
Indian retail reform plans put on hold December 7, 2011 INDIA has suspended plans to open its $450bn (£286bn) supermarket sector to foreign firms such as Wal-Mart, backtracking from one of the government’s boldest reforms in years in the face of a huge political backlash. The retreat, within two weeks of the policy being mooted, is another nail in the coffin of Prime Minister Manmohan [...]
Price war cut food inflation December 6, 2011 CUSTOMERS are benefiting from intense competition between supermarkets, according to data out today from the British Retail Consortium. Food price inflation fell for a second consecutive month to 4.0 per cent in the year to November, compared with 4.2 per cent in October. Overall shop prices rose 2.0 per cent in the twelve-month period, down [...]
Greencore operating profits slide but firm is upbeat after Uniq acquisition December 6, 2011 IRISH food group Greencore expects significant profit growth in 2012 helped by its Uniq acquisition and as cost price inflation eases, after it reported 2011 results in line with analyst expectations. Greencore, one of the biggest sandwich and ready meal suppliers to Britain, said it still planned to play a role in the consolidation of [...]
BEST OF THE BROKERS December 4, 2011 COMPASS GROUP Goldman Sachs rates the food and support services group as a “buy” and increases its target price from 695p to 705p, as well as updating its estimates. The broker expects earnings per share of 43.74p in 2012, rising to 48.99p in 2013, but sees several downside risks to both its view and price [...]