Tesco must rein in the runaway horse lasagne scandal February 12, 2013 THREE weeks ago I wrote in this column that Tesco had suffered an immediate image impact after the revelations over horsemeat in burgers – but that the supermarket giant was already starting to recover and the story could prove to be a storm in a teacup. Our measurement of brand perception – called the Index [...]
The future looks cloudy for this Sauvignon Blanc February 12, 2013 bottle.opener@cityam.com Once the wine of choice, Cloudy Bay now has some real competition Whatever HAPPENED to Cloudy Bay? A few years ago the release of the new Cloudy Bay Sauvignon vintage was greeted with excitement amongst wine lovers. After all, this was a wine to celebrate – a taut yet ripe Sauvignon Blanc with real [...]
Horsemeat scandal spreads to Tesco Value spaghetti bolognese February 11, 2013 TESCO was last night forced to admit that some of its Everyday Value spaghetti bolognese contained 60 per cent horse, as the scandal over the mislabelling of meat continued to spread. Environment secretary Owen Paterson told the House of Commons that he had ordered all meat producers and retailers to commence regular testing of all [...]
FTSE pauses for breath beneath the 6,300 mark February 11, 2013 BRITAIN’S FTSE 100 was lifted yesterday by strength in energy stocks and food retailers, but the index was still struggling to break through the four-and-a-half year highs hit at the start of February. London’s blue chip index gained 13.13 points, or 0.2 per cent at 6,277.06, holding within the 70-point range of the last five [...]
Mining and banking shares boost FTSE February 11, 2013 The leading share index was modestly up in early deals, as mining and banking shares boosted the FTSE 100. Russian steelmaker Evraz rose 1.77 per cent. Miner Eurasian Natural Resources was up almost 1.7 per cent in early deals. Last week the Kazakh-focused miner soared more than nine per cent as it reported a jump [...]
No Waitrose for Sir Terry’s wife February 3, 2013 FORMER Tesco boss Sir Terry Leahy was in charge of the playlist yesterday, getting listeners dancing in the aisles by mixing folk with Handel’s Messiah on Radio Four’s Desert Island Discs. Sir Terry began his Tesco career as a shelf-stacker in Wandsworth and rose to become chief executive of the grocer from 1997 to 2011. [...]
The trusted brand with personality at its core February 3, 2013 YOU may have seen Clippy McKenna’s eponymous preserves on your supermarket shelves. Her two-man show (it is just Clippy and fiancé Paul Gorman working at the business; everything else, including the actual jam-making, is contracted out) now stocks its products in some of the biggests stores – including Tesco and Harvey Nichols. After graduating as [...]
Tesco ends deal with supplier in horse scandal January 30, 2013 TESCO yesterday fired a supplier controlled by Ireland’s most powerful beef baron for selling it burgers containing horse meat. The grocer also promised to use DNA testing equipment to check the content of products on its shelves. Britain’s biggest supermarket chain is reeling from a wave of bad publicity after the Irish food safety authority [...]
Tesco fightback steadies giant’s market share January 29, 2013 TESCO maintained its market share and matched market growth for the first time since June 2011, according to the latest grocery share data from Kantar Worldpanel. The UK’s biggest supermarket grew sales year-on-year by 3.3 per cent in the 12 weeks to 20 January, giving it a market share of 30.4 per cent, as its [...]
Greencore warns UK market showing little or no growth January 29, 2013 FOOD group Greencore yesterday said a “challenging UK food market” has resulted in flat like-for-like sales in the first quarter of the year. The company, which makes prepared meals and sandwiches for retailers such as Tesco and Asda, said sales at its convenience food division rose 2.5 per cent to £285.8m in the 13 weeks [...]