Asda sparks off a supermarket petrol price war October 29, 2013 ASDA fuelled a supermarket price war when it unveiled plans to cut petrol prices yesterday, causing other major British chains to quickly follow suit. The budget chain said that from tomorrow it would cut petrol to its lowest price this year, at 126.7p per litre on unleaded and 133.7p per litre for diesel. Sainsbury’s is [...]
Grand Theft Auto V accelerates games market back into growth October 28, 2013 THE RELEASE of Grand Theft Auto V helped push the video games market back into growth for the first time in five years last month, according to data out today. Kantar Worldpanel figures for the 12 weeks to 29 September show that the games market grew by 29 per cent compared with the same period [...]
Stobart profits get boost from Autologic buy October 24, 2013 BRITISH haulier Stobart Group’s first-half revenue from continuing operations jumped 33 per cent, helped by its acquisition of Autologic Holdings in mid 2012. The company, whose Eddie Stobart trucks deliver goods to retailers like Tesco, reported an underlying pre-tax profit of £13.8m in the six months ended 31 August, up five per cent from a [...]
And a few more things we learned from Apple’s launch October 23, 2013 THE MAC PRO IS A BEAST Mac’s oddly-shaped new desktop computer (pictured right) is a powerhouse. If you’ve got cash to spend (the lowest-priced version will cost £2,499), it will make video editing, heavy Photoshop use or intensive design programs run like a breeze. The cylindrical casing is just an eighth of the volume of [...]
Scottish fairytale not over yet, says Sir David October 23, 2013 SHRUGGING off a nine-division demotion and financial meltdown to return to the pinnacle of English rugby might seem like scaling Everest, unless you have already helped turn Tesco from supermarket into superpower. Sir David Reid saw the retailer become the world’s second largest during his time as chairman and now has designs on domestic, if [...]
Discounters grab market share from UK’s leading supermarkets October 22, 2013 SAINSBURY’S was the only one of the big four supermarkets to gain market share in the 12 weeks to 13 October as discounters continued to put pressure on Britain’s grocers, Data from Kantar Worldpanel out yesterday showed Aldi’s sales leapt by 31.7 per cent year-on-year, gaining record market share of 3.8 per cent against three [...]
Warren Buffett slashes Tesco stake October 21, 2013 Investment guru Warren Buffett has sold more than £300m of his stake in Tesco, a stock market filing showed yesterday. That amounts to around one-fifth of his investment group Berkshire Hathaway’s holding in the supermarket chain. It comes just two weeks after Tesco reported a 68 per cent fall in mainland Europe profits in the [...]
Tesco ends promotions on salad after study into wasted produce October 20, 2013 TESCO has called an end to promotions on certain fresh food products in stores after conducting a study into food waste across its UK operations. Britain’s biggest supermarket said it will stop multi-buy offers on large bags of salad to stop encouraging people to buy large amounts that then go to waste. Commercial director Matt [...]
3D printing could spark high street revival says JP Morgan October 17, 2013 JP Morgan has suggested that 3D printing (3DP) is the trend to watch, although the short term impact will be limited. JP Morgan analysts who visited 'the future is here' exhibition concluded that 3DP should be watched closely and suggested that mall operators should focus on gaining more 3DP store tenants. A major factor in [...]
How did the UK’s Warren Buffett make his money? October 15, 2013 The surprise departure of Neil Woodford has prompted some analysts to suggest that now is the time to exit Invesco Pereptual funds – led to such success by Woodford during his 25 years with Invesco. Hargreaves Lansdown has temporarily suspended Invesco Perpetual from their Wealth 150 index and recommend that new investors wait until the [...]