Two thirds of chickens sold in supermarkets are infected with E.coli November 21, 2016 Scientists have found that two thirds of chickens in UK supermarkets are contaminated with E.coli. The study from Public Health England and the Department for Environment, Food and Rural Affairs (Defra) claimed that 78 per cent of chickens sold in high streets in England contained an antibiotic-resistant E.coli strain. This figure dropped to 53 per [...]
John Lewis Partnership chairman Sir Charlie Mayfield admits pay changes in retail aren’t a “genuine move forward” November 16, 2016 The chairman of the John Lewis Partnership, Sir Charlie Mayfield, has admitted that the response to the national living wage from retailers has not been a "genuine move forward" for their employees. Following the introduction of the new national living wage, several retailers have cut staff benefits while increasing basic pay rates. Minutes from a John [...]
Morrisons’ bounce back shapes up with same-day delivery Amazon tie-up (but it’s bad news for Ocado’s share price) November 16, 2016 The dream team is very much in business. Yes, that's right: Amazon and Morrisons have developed their tie-up to launch the aptly named Morrisons at Amazon service. But it's bad news for Ocado: shares were down 9.4 per cent by the early afternoon. Ouch. From today, Amazon Prime customers in selected areas can order a full [...]
City Moves for 16 November 2016 | Who’s switching jobs November 16, 2016 HSBC HSBC’s Sanjeev Chopra is to join Psigma Investment Management as investment director in January 2017 reporting to John Howard-Smith, CEO. A seasoned investment professional, Sanjeev has worked at HSBC for nearly two decades, his most recent role being client director at HSBC Global Asset Management. IHS Markit IHS Markit has appointed Andrew Aziz as the global [...]
Defence and aerospace group Meggitt returns to growth and appoints former Rolls-Royce executive as COO November 15, 2016 Shares in aerospace and defence giant Meggitt rose almost five per cent today after the firm appointed a former Rolls-Royce executive as its new chief operating officer and reported a return to organic growth. Tony Wood, a former head of aerospace at Rolls-Royce, will join Meggitt on 1 December. Chief executive Stephen Young said Wood's "extensive industry [...]
Sales at Tesco are growing at their fastest rate in three years – but Morrisons and Asda are still suffering November 15, 2016 The supertanker that is Tesco continues to change its course, after new figures suggested its sales rose to their highest in three years in the last quarter. Data by Kantar Worldpanel showed Tesco sales rose 2.2 per cent in the 12 weeks to 6 November, putting its market share at 28.2 per cent – up from [...]
Christmas adverts rated: Which retailer has made the best ad of 2016? November 12, 2016 Argos A gang of multicoloured yetis on ice skates stealing unattended electrical items from a pleasant-looking neighbourhood. Does anything say ‘come and visit our store’ less? ★☆☆☆☆ Aldi Good-looking food. But the poor carrot, Kevin, who we become attached to in this one-minute advert, is surely destined to meet an unfortunate ending. ★★★☆☆ Ebay Definitely [...]
Businesses are unwittingly entering the political fray with post-Brexit price rises November 10, 2016 More businesses are justifying price rises by blaming the fall in the pound post-Brexit. Whatever their commercial reasons, this is an extremely dangerous game. Commenting in these ways means entering the political arena at a sensitive time. These firms should be ready for serious scrutiny and hostile comment – now, but more importantly in the [...]
Sainsbury’s like-for-like sales fell for its first half, but statutory profit is up November 9, 2016 Sainsbury's like-for-like sales excluding fuel fell by one per cent in the its first half as the supermarket faces an uphill struggle to entice customers through its doors. The company eked out more profit however. Sainsbury's share fell at the open, ditching almost five per cent after it warned second half underlying profit is expected [...]
Leicester City 1, West Brom 2: Claudio Ranieri cites Champions League exertions for loss of 20-match unbeaten home record November 6, 2016 Leicester boss Claudio Ranieri blamed an over-focus on the club’s Champions League campaign for the surrendering of their 20-game unbeaten Premier League record in a 2-1 reverse against West Brom. Club-record £29m striker Islam Slimani had hauled the Foxes level after James Morrison’s second-half opener, only for Matty Phillips to take advantage of a woeful [...]