UK grocers Morrisons, Sainsbury’s and Tesco set to show their hand in Christmas battle for sales January 10, 2016 The winners and losers of the battle for this winter’s Christmas dinner will be laid bare this week as Morrisons, Sainsbury’s and Tesco prepare to report tough trading amid intense competition in the grocery sector. Morrisons will report its Christmas trading figures on Tuesday, with the Bradford-based chain expected to post a two per cent decline [...]
Asda boss Andy Clarke adds £500m fuel to the supermarket price war with Tesco, Sainsbury’s, Morrisons as well as discounters Aldi and Lidl ahead of supermarket Christmas earnings bonanza January 10, 2016 Asda is throwing a further half a billion pounds at the supermarket price war as boss Andy Clarke predicted another "challenging" year for the sector. "There is currently no growth in the food market and the rise of the limited assortment discounters means that we must take radical action to win back our customers," said [...]
Tesco, Morrisons, Aldi, Lidl, Asda and Sainsbury’s: What to expect from the supermarket sector’s Christmas results January 5, 2016 Supermarkets were going for broke this Christmas, after a poor year of trading for the likes of Tesco, Morrisons and Asda, with Sainsbury's the only one of the Big Four in growth in the run-up to the festive period. But with challengers Lidl and Aldi stealing market share from the price conscious, while Marks & Spencer and [...]
Amazon expands Pantry online supermarket as it lays out fresh challenge to UK’s Big Four supermarkets Asda, Tesco, Sainbury’s and Morrisons December 29, 2015 Amazon’s foray into the supermarket sector has quickly become a success, after the online retail giant announced plans to expand its new Pantry service in the UK next year. In other words, there's more disruption ahead for the UK’s troubled traditional supermarkets. The “Big Four” – Asda, Tesco, Sainsbury’s and Morrisons – are struggling to keep up [...]
Christmas quiz 2015: How much do you remember of the year in business, politics and economics? December 23, 2015 Deloitte chief economist Ian Stewart asks some of the trickiest business, politics and economics questions of the year. Answers can be found below. 1 According to the OECD, Mexicans work the longest hours. In 2014, the average Mexican worker put in 2,228 hours, equivalent to a 43-hour working week with no holidays. Which country’s workers [...]
Tesco, Sainsbury’s, Asda, Morrisons and even Lidl supermarkets slash Christmas 2015 advertising spend December 22, 2015 Britain's beleaguered supermarkets have slashed the amount of cash they are spending on advertising over Christmas this year, with Tesco and Sainsbury's cutting budgets by as much as 30 per cent. Troubled Tesco made the biggest cuts to its festive advertising, spending almost £3m less in a four week run up to the big day compared to last [...]
Morrisons prepares for first day of trading on FTSE 250 along with G4S, while Worldpay gets ready for the blue chip index December 20, 2015 Tomorrow will be Morrisons’ first day trading on the FTSE 250, after being demoted from the blue-chip index in the last quarterly review. Security firm G4S and engineering firm Meggitt, will also have their first day of trading on the FTSE 250. It will be a happier day for Worldpay, which will join the FTSE [...]
From Ed Miliband to Martin Winterkorn: These are 2015’s biggest people moves December 18, 2015 From politicos to business nerds, it's been a busy year for people-watchers of all ilks, as the mighty fell. Whether you were more interested in the surprise departure of Barclays chief executive Antony Jenkins, or the many u-turns of Ukip leader Nigel Farage, here are the biggest people moves this year. 1. Mack the Knife's reign [...]
The Mog effect? Sainsbury’s share price climbs as grocer outperforms Tesco, Asda and Morrisons as Kantar supermarket figures December 15, 2015 Could it be the Mog effect? Sainsbury's has beaten Tesco, Asda and Morrisons to become the best performing supermarket among the Big Four. In fact, Kantar Worldpanel figures show that Sainsbury's was the only grocer among the top spots to post a growth in sales for the 12 weeks to 6 December, up 1.2 per cent. Tesco and Asda had [...]
As Tesco’s share price drops to an 18-year low, it’s clear the rollercoaster ride will continue for some time yet December 10, 2015 Tesco has turned back time this week, with its share price dropping to an 18-year low. The less said about what was going on in 1997 the better – instead, we turn our focus to the rollercoaster ride that is the UK's largest retailer. Dave Lewis has certainly ushered in some change, but given where Tesco's [...]