Morrisons, Tesco, Ocado and Marks & Spencer’s share prices soar after UK food sector shows signs of growth February 10, 2015 Supermarkets led the FTSE 100 higher this afternoon, after figures revealed the grocery sector was in growth once again. Morrisons' share price had recorded the biggest gains at pixel time, rising 5.5 per cent. This was on the back of Kantar figures out this morning, showing its sales had fallen 0.4 per cent, the [...]
Ravel is released as Hammers cut ties early with midfielder February 8, 2015 WEST Ham have announced the immediate termination of England Under-21 midfielder Ravel Morrison’s contract at Upton Park. Hammers boss Sam Allardyce refused to comment on the 22-year-old’s departure from the club at his post-match press conference in the wake of his side’s draw with Manchester United yesterday. Morrison’s existing deal at West Ham was set [...]
Dairy Crest milk sales go sour but cheddar cheese churns up a profit February 5, 2015 DAIRY Crest said yesterday that it has sold enough milkshakes and blocks of cheddar cheese to offset losses across its dairies business as the company battles with falling milk prices. The FTSE 250 company said its cheddar brand Cathedral City and FRijj milkshakes both performed strongly in the nine months to 31 December, although sales [...]
Ocado says it is at forefront of food revolution February 3, 2015 Ocado chief executive Tim Steiner said the “online grocery revolution” taking place will only help to further distance his firm from rivals and stay ahead of the market, as it posted its first ever full-year profit. The online grocer made an adjusted pre-tax profit of £10.1m in the year to 30 November compared with £3.8m [...]
Ocado chief executive Tim Steiner heralds “online grocery revolution” as firm records first full year profit February 3, 2015 Ocado has made its first full-year profit in the company's 15-year history The figures Pre-tax profit was £7.2m for the 12 months to 30 November, compared to a loss of £12.5m during the equivalent period a year earlier. Sales went up from £843m to £972.4m, while earnings before interest, tax, depreciation and amortisation rose [...]
Drastic Dave reveals 43 Tesco store closures January 28, 2015 TESCO chief executive Dave Lewis yesterday lived up to his nickname “drastic Dave” as the company named the 43 stores it would be closing in a bid to revive its flagging fortunes. The retailer said it would shut 30 convenience stores – including 18 Express outlets and 12 inner-city Metro shops – along with seven [...]
FTSE creeps higher as miners dig deep after price recovery – London Report January 28, 2015 BRITAIN’S top share index edged slightly higher yesterday, with miners gaining ground following a recovery in prices of key industrial metals such as copper and aluminium. The blue chip FTSE 100 index, which climbed to its highest level since mid-September on Tuesday, closed 0.2 per cent higher at 6,825.94 points. The UK mining index rose [...]
Mooove over Sainsbury’s: Waitrose claims its dairy farmers get the cream of milk prices January 26, 2015 Premium supermarket Waitrose has lifted the lid on its dairy practices following Sainsbury's attack ad last week, insisting it pays “a fair price” for its milk. The John Lewis Partnership-owned grocer was among those to appear on the naughty list of businesses that were accused of not supporting British fresh milk farmers. The [...]
Amazon steals entertainment spend from UK supermarkets January 26, 2015 ONLINE retail giant Amazon took a larger slice of the UK entertainment market over the Christmas period, largely at the expense of the major supermarkets, according to research published today. Kantar Worldpanel figures show that Amazon took one in every four pounds (25.6 per cent) spent on physical music, games and video in the 12 [...]
Two of the big four supermarkets pay less than the cost of production for milk, Sainsbury’s advert claims January 21, 2015 Sainsbury's has revealed how much supermarkets pay farmers for milk- and claims that at least two of the big four stump up less than the cost of production. The figures have been released as part of the grocer's latest ad campaign, which claims that “at Sainsbury's we support our British fresh milk farmers,” asking [...]