Fruit juices, drinks and smoothies might not be one of your “five a day” according to new sugar study March 24, 2016 Just a few weeks after it was revealed how much sugar was lurking in your Starbucks coffee drinks and a fortnight since George Osborne announced a sugar tax on soft drinks, it seems fruit juice could be another villain too. The authors of a new study have even gone so far as to suggest that [...]
Shore Capital share price rises despite scrapping its dividend as chief executive warns the outlook for markets may not improve March 22, 2016 Shore Capital's share price has risen in trading today, despite the company axing its dividend and warning challenging markets could continue. The company reported strong profit growth in its preliminary results for its year ended December 2015, mostly due to the sale of a number of radio spectrum licences in Germany to Deutsche Telekom AG. The sale of six [...]
Tesco’s share price rises as supermarket takes fight to the discounters with launch of seven value own-label ranges March 21, 2016 Tesco has added fuel to the supermarket price war after launching a range of entry level own-label brands that will challenge the discounters on price. The retailer's share climbed by more than one per cent this morning after it said it will sell around 80 fresh, meat and poultry products under seven new "Farms" brands which, in many cases, will either match or [...]
Sainsbury’s boss Mike Coupe celebrates a Sport Relief windfall with David Walliams and Eastenders star Maddy Hill as the grocery giant raises more than £7m for charity this year March 20, 2016 Sainsbury's boss Mike Coupe must be feeling pretty confident about his store's competitive streak. A week after revealing strong results, the superstore boss got together with soap opera stars to celebrate the success of Sainsbury's Sport Relief Games. This year, the grocery giant has raised over £7m in aid of Sport Relief, culminating in a series fitness [...]
Sainsbury’s Mike Coupe: Aldi and Lidl are starting to look like “conventional” supermarkets March 16, 2016 Mike Coupe must be feeling confident about Sainsbury's progress in the grocery price wars. The supermarket boss, who yesterday revealed strong results, appears to be trolling Aldi and Lidl, telling Mumsnetters yesterday that the German discounters were "increasingly looking like conventional supermarkets". Speaking at Mumstock, a conference about marketing to mums, he told the audience [...]
Ocado’s share price climbs as sales rise – but order sizes slip March 15, 2016 Ocado may have lost out on a lucrative tie-up with Amazon, but sales are still surging ahead, its latest update shows. The figures Gross group sales at the delivery business – which includes its Morrisons agreement – rose 15.3 per cent to £312.4m in the 12 weeks to 21 February, while retail sales – which includes Fetch and Sizzle [...]
Sainsbury’s share price falls despite posting a sales rise in the fourth quarter as deadline looms for Argos bid March 15, 2016 Sainsbury's is continuing to prove itself the strongest of the big four supermarkets, with total and like-for-like sales up in the fourth quarter as it moves to phase out multi-buy offers entirely. But the business has warned of ongoing challenges in the market as the price wars continue. The figures Total retail sales excluding fuel [...]
Steel sector jobs could be saved by government March 13, 2016 The government is working with private equity fund Greybull on a deal to save 4,000 jobs at Tata’s Scunthorpe steelworks. The department for business, innovation and skills (BIS) is negotiating with both Tata Steel and Greybull to finalise a deal ahead of a 31 March deadline that could see the government taking a stake in [...]
From the best US barbecue restaurants to the Senior Bankers’ Regime: What got you reading this week March 11, 2016 1. US barbecue restaurants City A.M. readers are clearly experiencing wanderlust: our US roadtrip sampling 32 of the US' most mouth-watering barbecue restaurants stormed to the top of our rankings this week. Find out where was finger-lickin' good here. 2. Another supermarket sweep Asda and Morrisons' share of of the market fell further this week – while sales at [...]
Don’t worry, be happy: FTSE 100 shakes off its ECB woes to open higher, pushed up by Aviva March 11, 2016 The FTSE 100 stormed back into positive territory this morning, after a miserable finish to yesterday's trading. The market was up 1.5 per cent at 6,131.6 points, after it edged perilously close to the 6,000 mark yesterday, when comments by European Central Bank chief Mario Draghi hinted rates are unlikely to be cut any further. [...]