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 [...]
Dairy Crest loses a third of its milk contract with Morrisons January 20, 2015 Dairy Crest has lost a third of its fresh milk contract with Morrisons to rival milk producer Arla after signing a new three-year deal with the supermarket chain. The company, which also owns Cathedral City cheese and Country Life butter, is in the process of selling its liquid milk business to Muller UK & Ireland [...]
In a supermarket version of The Apprentice, Alan Sugar would have a whale of a time January 16, 2015 Imagine an Apprentice supermarket special – Alan Sugar, flanked by his experts, reviewing the practices of the big supermarkets each week. “[Morrisons' soon-to-depart chief exec] Dalton Phillips, you took far too long to introduce smaller convenience stores, ecommerce and a delivery service. The other supermarkets have had these things for years. Honestly, man. What [...]
Ocado outperforms its rivals during Christmas and sees sales rise 15pc January 14, 2015 ONLINE grocer Ocado yesterday announced that it had outperformed its traditional supermarket rivals over Christmas, adding it was confident about prospects in 2015 despite an escalating price war. The firm, whose range includes products supplied by upmarket grocer Waitrose, said sales growth in December continued at the rate it achieved in the final quarter of [...]
Tesco’s share price nears pre-overstatement level for the first time in four months January 14, 2015 Tesco's share price is nearing the level it was before the supermarket admitting to overstating its profits in September, thanks to a sustained rally in the last month. Shares in the UK's largest retailer have risen more than 30 per cent since mid-December and at pixel time this morning the business was up 2.1 [...]
Ocado Christmas sales soar and looks ahead to first ever full-year profit January 14, 2015 Online grocer Ocado reported its customer fulfilment centres processed close to 40 per cent more items in the week to Christmas for Ocado.com and Morrisons.com than over the same period the previous year. On the company's biggest day in the run-up to Christmas sales climbed 15 per cent from 2013 to almost £6m. Gross sales [...]
Sainsbury’s to slash 500 jobs January 13, 2015 SAINSBURY’S is to cut 500 head office jobs as part of a plan set out by its new chief executive to save hundreds of millions of pounds in costs. Mike Coupe pledged in November to save £500m over the next three years in order to fund a £150m price offensive against its retail rivals. The [...]