Retailers’ share prices are on the up as markets recover slightly June 28, 2016 Shares in retailers including Next, M&S and Associated British Food were on an upward trend this morning as stock markets recorded their first gains since the UK voted to leave the European Union. In morning trading, M&S' share price was up 5.10 per cent, Next's rose 8.40 per cent and Associated British Foods' shares climbed [...]
Here’s how the supermarkets were doing just before the Brexit vote June 28, 2016 In the immediate run-up to the EU referendum, supermarket sales were strong, according to data released today, but in the three month period before the vote, sales slipped. The figures from Nielsen show that in the four weeks ending 18 June, UK supermarkets had their first increase in year-on-year takings since July 2015. Sales were up 0.4 [...]
Amazon who? Ocado shares jump as it delivers 14 per cent sales rise June 28, 2016 Everyone and their mum may be trying to get into the food delivery business at the moment (Amazon and Uber have both just launched offerings…) – but Ocado has suggested with experience comes wisdom, after it posted a juicy rise in sales. The figures Retail sales rose 13.9 per cent to £582.9m in the 24 weeks to the end of May, [...]
How to trade EU referendum night June 21, 2016 Sterling volatility has rocketed over the past few weeks, as markets have digested the ups and downs of the opinion polls in advance of the EU referendum. But if you think the sealing of the ballot boxes at 10pm on Thursday night will be the end of it (until UK stock markets re-open on Friday [...]
Convenience store openings up by a fifth as the big four try to match our changing shopping habits June 17, 2016 Convenience stores are popping up all over the country as people do fewer weekly shops and opt for fewer, more frequent trips instead. The number of convenience stores has risen by 21 per cent in the past five years. The big four supermarkets – Tesco, Asda, Sainsbury's and Morrisons – opened the stop-off shops at the [...]
European banking shares take a hammering as Deutsche Bank falls to its lowest ever June 16, 2016 European banking shares dropped today – with Deutsche Bank's share price falling to its lowest-ever in early trading. Deutsche shares fell as low as €12.94 , 2.5 per cent lower, while the UK's big four lenders were also hit, with HSBC dipping 1.1 per cent to 420.95p, Barclays falling 2.5 per cent to 157p, Royal [...]
At the close: £30bn wiped off FTSE 100 as Brexit fears mount June 14, 2016 Financial markets were plunged into turmoil today as the latest Brexit opinion polls sent investors running for the hills, wiping tens of billions off the value of the UK's leading companies. The FTSE 100 shed two per cent to end the day at 5,923.53 – its lowest close since 24 February – knocking roughly £30bn [...]
This £5 supermarket Malbec has been named the world’s best red wine June 13, 2016 It looks like it's officially time to embrace supermarket plonk, after Asda rode to a surprise victory with one of the world's best red wines at the Decanter World Wine Awards. The supermarket toasted the success this weekend of its Chilean La Moneda Reserva Malbec after it won the top prize in the single-varietal red under £15 category at the awards, [...]
As Amazon Fresh launches in London, does it pose a real threat to UK supermarkets? June 10, 2016 Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, says Yes. The last thing that the traditional British supermarkets want is another challenge to their model – they’re still busy fending off the shock of Aldi and Lidl’s sharp pricing model. Online grocery sales are growing well ahead of the overall market, so it’s [...]
Probe finds non-transparent practices are pervasive within the US advertising industry June 7, 2016 Media agencies in the US have been given cash rebates by media companies for spending a certain amount of their clients' budgets with them, a probe by an American industry trade body has found. Agencies are expected to act in the best interests of their clients, and such rebates are banned in the States. A "pervasive" [...]