These are the best value wines to buy this year July 8, 2016 If you're looking for the biggest bargains in the wine world – look no further. These are the top wines to buy if you want a great Friday night dinner, without spending too much. The best value wines in the 2016 International Wine Challenge (IWC) Great Wine Champions have been announced – make sure you grab them [...]
At the close: Markets enter reverse as Brexit strains stack up July 6, 2016 Sterling has been savaged today, the FTSE 100 has crashed and half of all assets in UK property funds have been frozen in a difficult day on the financial markets. The pound dropped down below $1.28 overnight, recovered briefly, but is now on the slide after a number of analysts published decidedly bearish forecasts. A [...]
Aldi is hungry for a 10 per cent share of the grocery market July 6, 2016 It's a tough time for supermarkets, but as the price war between the Big Four rages on, Aldi's UK chief executive says he is aiming to take a 10 per cent share in the grocery market. Speaking to City A.M., Matthew Barnes, Aldi's chief executive in UK and Ireland Matthew Barnes said: "We will have 10 per cent [...]
Supermarket sell-off: grocers’ share prices fall as HSBC analysts predict Asda will cut prices July 6, 2016 The big grocers' share prices fell today after analysts said Asda may cut its prices, trimming the industry's profits and intensifying the supermarket price war. HSBC analyst David McCarthy said: "We believe there are signs that Asda may be about to fundamentally reposition on price, bringing down sector profits. Read more: Traders betting against troubled supermarkets "Asda has been [...]
At the open: Strong FTSE 100 highlights wider Brexit fears July 6, 2016 Financial markets appear to be getting themselves into a bit of a pattern in the wake of the EU referendum. As sterling moves one way (down, inevitably), the FTSE 100 moves in the other. This morning is no different. After a small hiccup at the open, London's leading benchmark rose 0.4 per cent to 6,570, [...]
Tesco is opening a pop-up wine bar in Soho on Wardour Street this summer June 29, 2016 It might not be what you'd normally expect from a visit to Tesco, but this summer for the first time you will be able to visit the supermarket giant's first pop-up wine bar nestled in the heart of Soho. The finest* wine bar, tied into the grocer's Tesco Finest* range, will be open from 2 [...]
Does the acquisition of Harris and Hoole from Tesco mean Caffe Nero is entering a new era? June 29, 2016 Last week's announcement that Caffe Nero has acquired in-supermarket coffee chain Harris and Hoole from Tesco sent a strong signal that the brand is committed to modernisation. This is vital in a market where casual dining brands have to fight huge levels of competition and a fast-moving, fickle audience base that will often be swayed by promotions and [...]
Nurofen is the most overpriced over-the-counter medicine, while branded drugs are three times more expensive than their generic counterparts June 29, 2016 It's enough to give you a headache. If you thought you'd been short-changed by the cost of painkillers last time you had a cold, or by hayfever tablets as soon as spring came, you were probably right. Branded medication costs on average nearly three times as much as generic equivalents that do exactly the same [...]
Retailers’ share prices are on the up as markets recover slightly June 28, 2016 Shares in retailers including Next, M&S and Associated British Food were on an upward trend this morning as stock markets recorded their first gains since the UK voted to leave the European Union. In morning trading, M&S' share price was up 5.10 per cent, Next's rose 8.40 per cent and Associated British Foods' shares climbed [...]
Here’s how the supermarkets were doing just before the Brexit vote June 28, 2016 In the immediate run-up to the EU referendum, supermarket sales were strong, according to data released today, but in the three month period before the vote, sales slipped. The figures from Nielsen show that in the four weeks ending 18 June, UK supermarkets had their first increase in year-on-year takings since July 2015. Sales were up 0.4 [...]