Cake maker Finsbury posts sweet performance after munching on new bakeries November 25, 2015 Celebration cake maker Finsbury Food Group reported a huge jump in revenue during its first four months of the financial year thanks to recent acquisitions of rival bakeries. The company, which supplies major baked goods as well as Peppa Pig and Disney Princess celebration cakes to retailers including Morrisons and Marks & Spencer, said sales revenue [...]
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 [...]
Oil stocks drag down the FTSE ending its rally – London Report November 24, 2015 Traders’ concerns over miners and retailers yesterday pull down London’s main index, ending a week-long run. The FTSE 100 dropped 29.1 points to 6,305.5. Oil companies were struggled after Saudi Arabia indicated it will work to stabilise oil markets, sending the price pinballing. Producers ended lower, despite a late rally after the oil price bounced [...]
Online shoppers abandon Tesco and Asda as website traffic drops at Britain’s biggest grocers November 23, 2015 Tesco and Asda have seen a sharp drop in traffic to their websites over the last year, new research shows, in a sign that supermarkets are facing fierce competition online as well as on the shop floor. Visits to Tesco’s website through desktop computers and mobile devices dropped to 35m in November from 49m the [...]
Arsenal injuries: Midfield options further depleted as Francis Coquelin and Mikel Arteta injured during West Brom defeat November 21, 2015 As if a first Premier League defeat in seven games wasn't enough of a blow, Arsenal were left to rue injuries to Francis Coquelin and Mikel Arteta during a 2-1 reversal at West Bromwich Albion that leaves them short of options in midfield. During another bruising encounter with a Tony Pulis side, Joel Campbell staked [...]
Square IPO pop: Jack Dorsey’s shares soar 50pc on market debut calming tech bubble fears after low pricing November 19, 2015 Shares in US mobile payments company Square have made a spectacular debut, with shares opening at $11.20 on the New York Stock Exchange, 24 per cent above its initial pricing. They rocketed as much as 50 per cent, surpassing the $14 mark, before falling back down in afternoon trading to close at $13.16. The startup founded by [...]
Kantar figures show Aldi and Lidl combined now account for 10 per cent of UK grocery market November 17, 2015 Budget supermarkets Aldi and Lidl now account for 10 per cent of all spend on the British grocery market for the first time since they launched in the country, new figures reveal. The two grocers have stolen market share from the more established supermarkets in a short period of time. Just three years ago, their [...]
Discounters Aldi and Lidl pick up the space race left by Big Four supermarkets November 15, 2015 The big four supermarkets may have called an end to the space race. But for Aldi and Lidl the race has just begun, after new figures show the discounters have submitted plans for nearly five times as many stores. The latest data from construction data firm ABI Barbour shows that Aldi has submitted 93 planning [...]
Morrisons hires Post Office boss Paula Vennells as “restructuring” board strategist November 12, 2015 Could there be more changes in store for Morrisons? The struggling supermarket has hired Paula Vennells, the boss of the Post Office, citing her "restructuring" experience as being "invaluable". Vennells will join the board as non-executive director from 1 January. She is taking over from Johanna Waterous, who is leaving after six years. Vennells has been chief executive of [...]
Fast food chains Domino’s and McDonald’s could have lessons for other retailers November 11, 2015 How do you get stuff to people? This seemingly straightforward question poses a dilemma that continues to bamboozle retail executives throughout the world. While many of us are fascinated by products of the future – driverless cars, 3D printers, the internet of things – an equally significant challenge lies in how to bring today’s goods [...]