Morrisons in City spotlight for first-quarter results May 6, 2019 Investors will be hoping Morrisons can replicate recently-improved trading results from its supermarket rivals later this week when it looks set to extend a long spell of like-for-like sales growth. Read more: Morrisons granted permission for Supreme Court appeal over data ruling Following a largely better-than-expected financial performance from both Sainsbury’s and Tesco in recent [...]
Sainsbury’s slips behind supermarket rivals after Asda merger blocked April 30, 2019 Sainsbury's sales fell behind those of rivals in the three months to the end of April, according to data released just a week after the supermarket's £7.3bn Asda merger was blocked. Sainsbury’s suffered a 1.2 per cent fall in sales compared to the same period last year, data group Kantar's statistics showed, while Aldi and Lidl [...]
Hostelworld booking growth slows as firm implements turnaround plan April 29, 2019 Travel booking site Hostelworld reported slowing bookings growth as the firm implements a plan to return to profit. Gross bookings grew four per cent, the company said in its annual report this morning, however overall group bookings were flat due to the managed decline on the group’s supporting brands offsetting the growth in the Hostelworld [...]
Sainsbury’s: Buyers bet that shares have seen the low April 26, 2019 By Graeme Evans from interactive investor. Trading within a whisker of a record low, a lot of bad news is already written into the share price. Yesterday’s humiliation of Sainsbury (J) (LSE:SBRY) and its boss Mike Coupe has not stopped investors from piling into the supermarket giant’s shares in the belief the chain can bounce [...]
My Sporting Life: Little Dot Studios co-founder Andy Taylor on being a teenage snooker prodigy and the power of 5G April 22, 2019 Little Dot Studios co-founder Andy Taylor on his teenage years as a snooker prodigy, taking on Google at the beautiful game and the power of 5G. What is your sporting passion? Oldham Athletic. My dad took me to my first game in 1974 and I didn’t miss a home game until I got a Saturday [...]
Morrisons granted permission for Supreme Court appeal over data breach ruling April 16, 2019 Morrisons has been granted permission to appeal to the Supreme Court after losing a major court case over a data leak. In October the UK’s fourth-biggest supermarket lost an appeal against a High Court ruling that concluded the firm was legally liable for a former employee leaking personal information about 100,000 staff members, meaning it [...]
Independent cafe chain loses £250,000 from disposable cup ban April 2, 2019 Bristol-based cafe chain Boston Tea Party (BTP) lost £250,000 in takeaway coffee sales after it banned disposable cups from its stores, the company confirmed today. The cafe made headlines last June when it banned single use coffee cups in its 21 branches in England, thought to be a first for a UK chain. Read more: The rubbish [...]
Hostelworld profits and revenue dip during heatwave and World Cup April 2, 2019 Hostelworld’s profits and revenue dipped last year as the budget accommodation platform struggled to boost bookings due to the summer heatwave and the timing of the World Cup. Bookings through Hostelworld’s supporting brands saw 47 per cent drop, due to the company’s planned “managed decline” of the brands which offset a four per cent rise [...]
Discounter Aldi ramps up market share as Easter approaches April 2, 2019 Cut-price supermarket Aldi continued its rise up the grocery food chain in March, achieving a record market share of eight per cent as it made ground on its rivals. The German-owned chain’s sales increased by 10.6 per cent in the 12 months to 24 March compared to a year earlier, pushing its market share up [...]
Morrisons keeps income investors happy March 18, 2019 By Graeme Evans from interactive investor. After flagging another special dividend with annual results, there are opportunities for this grocer. In an eventful and turbulent period for the grocery sector, Morrisons (LSE:MRW) continues to hold its own after unveiling further robust profits growth and another special divi for investors. Today’s full-year results, despite drifting back [...]