Ocado considers London flotation by early 2010 June 17, 2009 ONLINE grocery retailer Ocado is considering an IPO, City A.M. can confirm, in a drastic u-turn by its finance director Jason Gissing. Sources close to the firm said it would use the capital from a London IPO to fund international expansion, after several foreign retailers expressed interest. It is considering floating on the stock exchange [...]
Quality brands are becoming more popular again June 16, 2009 FOR a while we saw the march of the “value” brands, as the recession helped Aldi and co make advances on their more expensive rivals. The graph shows what actually happened to brand values. We have created two baskets of brands – seven associated with lower-end or “value-for-money’ (Aldi, Morrisons, Primark, Matalan, RyanAir, Walls, Subway), [...]
Met Office holds the secret to summer success June 14, 2009 I THOUGHT this whole “green shoots” argument was becoming a bit clichéd…then we started getting results from the DIY retailers. In a strictly horticultural sense “green shoots” went a long way towards propping up earnings at Home Retail last week, as sunny weather motivated the great British public to snap up gardening gear, barbecues, bikes [...]
Premium food brands are staging a comeback June 2, 2009 AFTER the extensive coverage that the ascent of the discounter retailers received throughout 2008, it may come as a surprise to hear that the trend has been reversing for the past six months. From the beginning of January 2008 through to mid-November, the value-brand supermarkets of Aldi, Lidl, Netto and Somerfield achieved an average uplift [...]
English wine comes of age June 2, 2009 KETTNER’S in Soho is one of the best-known wine bars in London, with a champagne list of over 100. So it was intriguing to hear that, for one week only, it was having an English Wine Festival. It was a small affair, with four wines on the list, but I was curious. If even Kettner’s [...]
Hop & glory May 27, 2009 MOST people, when they think of a thirst-quenching beer for summer, probably go no further than lager. Now, there is nothing wrong with a good lager, the problem is simply that there are plenty of sub-standard ones about. The pints of fizz flowing from the beer-taps of many pubs are second-rate and suffer from mass-production. [...]
J Sainsbury in bullish mood May 13, 2009 J SAINSBURY has pledged to dominate the grocery sector over the next decade, after reporting a stellar 11.3 per cent pre-tax profit hike to £543m in the year to 21 March. Chief executive Justin King said the group now has “the greatest growth potential of any grocery retailer in the next ten years”. Sainsbury’s has [...]
RUM at the top August 8, 2008 The Caribbean spirit is entering the ranks of the premium tipples, writes Timothy Barber What do you think about when you think about rum? For lots of folk, the answer is one of two things: a glass of Bacardi and coke, or pirates. Okay, so a few people know that it forms the basis for [...]