Budget grocers up market slice July 17, 2012 BUDGET supermarket chains Aldi and Lidl have raised their market share again, new figures showed yesterday. The latest Kantar Worldpanel survey revealed that Lidl and Aldi have 2.9 per cent each of the UK market, a record for the budget chains, which have been catching their rivals as austerity bites. Among the big four grocers, [...]
BEST of the BROKERS July 3, 2012 BTG Merchant Securities has initiated coverage of the speciality healthcare group with a “buy” rating and a target price of 490p, seeing what it calls a tantalising growth story after three development and distribution companies were combined to produce two direct sales operations. As a result the broker is forecasting a significant increase in revenues [...]
Pwc’s PARTNERSHIP: the new recruits June 28, 2012 TAX Fiona Camenzuli Dean Farthing Ben Flockton Janette Jones Scott Lindsay Philip Martinos Tim McCann Darrel Poletyllo Lucy Redding Lachlan Roos Ben Wilkins Paul Wolstenholme ADVISORY Mark Anderson Antony Cook Jeff Ford Celine Herweijer John Lyons Edward Macnamara Richard Major David Morris Brendan O’Driscoll Neil O’Keeffe Will Richardson Dan Stott Jeremy Webb ASSURANCE Lee Clarke [...]
Olazabal and Montgomery out in the Open June 25, 2012 RYDER Cup captain Jose Maria Olazabal and Scotsman Colin Montgomerie missed out on qualification for the Open Championship last night at Sunningdale, where England’s Sam Walker succeeded in qualifying for the first time. Montgomerie, who could yet reach the Open by finishing within the top five at either the French or Scottish Opens, hit just [...]
Morrisons’ finance chief checks out in surprise supermarket exit June 25, 2012 BRITAIN’S fourth biggest grocer Wm Morrison Supermarkets said group finance director Richard Pennycook will leave the business next June after eight years at the firm. The grocer said yesterday that Pennycook had informed the board he would concentrate on building “a portfolio career”. “I feel that it’s the right time to seek new challenges,” he [...]
Commodity shares and banks pull FTSE below important 5,500 mark June 25, 2012 WEAKNESS in commodity stocks and banks pulled Britain’s top shares lower yesterday, extending last week’s drop as investor appetite for riskier assets was curbed by global growth and Eurozone debt worries ahead of a summit of European leaders. The FTSE 100 index was down 25.73 points, or 0.5 per cent, at 5,487.96, dropping back though [...]
Banks and miners peg FTSE back June 25, 2012 Miners and banks led the FTSE 100 lower in early trading as fears over stalling global growth took their toll. With the grim scene in the Eurozone still casting a shadow investors were shying away from riskier assets. Spain today formally requested a bailout loan for its banking sector from its eurozone partners. The loan [...]
Market report: FTSE drops after Moody’s downgrade banks June 22, 2012 The FTSE was down this morning following poor global growth forecasts and the decision by credit ratings agency Moody’s to downgrade some of the world’s biggest banks. Last night Moody’s lowered the credit ratings of 15 of the world’s biggest lenders to reflect the risk of losses they face from volatile capital markets. But the [...]
Trust The Fugue to bounce back from unlucky Oaks defeat June 20, 2012 THIS year’s Investec Oaks turned out to be a messy race and the unluckiest filly in the field was undoubtedly John Gosden’s THE FUGUE. William Buick’s mount was almost brought down on the back straight, but finished with such a rattle that she would surely have won had she not met with that interference. I [...]
Jubilee gives grocers £200m turnover boost June 19, 2012 BRITAIN’S grocery market grew 3.2 per cent in the 12 weeks to 10 June, boosted by an 11.3 per cent leap in the run-up to the Queen Elizabeth Diamond Jubilee celebrations, industry data revealed yesterday. Market researcher Kantar WorldPanel said supermarkets took an extra £213m in the tills in the week ending 3 June. “The [...]