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 [...]
Winners of the year 2015: Uber, Lidl and Tony Pidgley and other success stories December 6, 2015 In 2015 the UK's economy continued to steadily grow and employment reached new highs – it was a good year for business. There will be plenty of champagne corks popping and glasses clinking this Christmas period, and no one has more reason to do so this year than these companies and personalities. Read more: The seven [...]
Morrisons supermarket reportedly set to exit the FTSE 100 index December 1, 2015 Struggling supermarket Morrisons will reportedly be booted out of the FTSE 100 index tomorrow as part of its quarterly shake up. The Bradford based company has been nudging the bottom of the table for the last 12 months and just managed to dodge relegation in the last reshuffle. Latest update: Morrisons is kicked out of the FTSE [...]
Cranswick results sizzle as Asia goes mad for British pork November 30, 2015 Pork producer Cranswick put in far from its wurst performance in the six months to the end of September, after it posted a 9.9 per cent rise in revenues. The figures It's been a sizzling summer for Cranswick, which said revenues jumped to £529.1m during the period, up from £481.5m during the same period last year. Adjusted profits before tax [...]
How German discounter Lidl became the UK’s fastest growing supermarket November 30, 2015 At Lidl on Clapham Road, south London, friends Raquel Zantedeschi and Beatriz Castro are doing their weekend shop together, their baskets filled with fresh produce, meat and Lidl’s own brand cheeses. Being Italian, Zantedeschi, 35, jokes that she knows her produce: “I personally come here to buy fruit and vegetables that come from Italy and [...]
Morrisons in danger of falling out of FTSE 100 as blue-chip index comes up for renewal November 29, 2015 Supermarket Morrisons is in danger relegation from the FTSE 100 list of Britain’s biggest companies as the prestigious blue-chip index comes up for renewal this week. Morrisons has been hovering near the bottom of the index over the last year and narrowly avoided being kicked out in the last quarterly reshuffles in June and September. Its share price has fallen by [...]
Now Lidl’s getting into the online grocery delivery business after Amazon Fresh’s UK debut and Aldi’s plans, taking on Tesco, Sainsbury’s, Asda and Morrisons November 24, 2015 Fresh from Amazon's launch into the highly competitive grocery delivery game with Pantry, is fellow supermarket disrupter Lidl about to follow suit? The German discounter, which is already giving the big four a run for their money in bricks and mortar, has snapped up a fresh food delivery startup in its home country. Kochzaube, which delivers fresh [...]
Christmas spending to hit £16.5bn as 60pc of Brits head to discounters for their festive food shop November 23, 2015 Britons are feeling a bit more generous this Christmas than they were last year thanks to improved economic conditions and higher wages, new figures show, with spending set to reach £16.5bn over the festive season. Travelodge’s annual Christmas report, which surveyed the spending habits of over 3,000 people, found that households expect to spend an average of [...]