Tesco share price falls, sales slide as discounters march on ahead June 30, 2015 Tesco shares were dealt a blow yesterday, after industry figures revealed another slowdown in sales at the troubled supermarket chain – despite its recent efforts to turn itself around. Data from Kantar Worldpanel showed sales at Tesco fell by 1.3 per cent in the 12 weeks to 21 June, underperforming the overall grocery [...]
Tesco’s share price is falling on the back of Kantar figures showing sales are dropping again June 30, 2015 Tesco was the biggest loser on the FTSE 100 this morning, with the share price dropping like a stone after Kantar's latest market update. Sales at the troubled supermarket fell 1.3 per cent for the 12 weeks to 21st June – underperforming the sector average, which slipped back into a decline of 0.1 per [...]
Best of the Brokers for 30 June 2015 June 29, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com IG GROUP The stock keeps its “hold” rating and target price of 758p from Numis, which believes good strategic progress is being made with the stockbroking offering in the Netherlands and work towards a regulatory licence in Dubai. WENTWORTH RESOURCES Panmure Gordon dropped [...]
Fever Tree does can cans for supermarkets June 28, 2015 UPMARKET drinks company Fever-Tree has stepped up its retail presence by launching mixers in can format on supermarket shelves for the first time today. The 10 year-old business, which supplies mixers for alcohols to retailers, hotels and bars, said its Naturally Light Tonic Waters will be available to buy in packs of eight 150ml cans [...]
Tesco tops suppliers’ naughty list over groceries code June 22, 2015 Tesco has been on the receiving end of more than half of issues raised by suppliers with the new Groceries Code adjudicator in the last year. The troubled supermarket was at the centre of 54 per cent of complaints made, with 11 per cent of Tesco's suppliers going to the new government ombudsman, according [...]
Lidl “ale assault” will rival supermarket beer offers in latest price war after “claret offensive” success June 21, 2015 Lidl's is embarking on an "ale assault" with a new beer range to rival the big four supermarkets after the success of last year's "claret offensive". The discounter has now switched its attention from wine to beer, and will launch more than 60 new brews onto its shelves from Monday, many priced more cheaply than [...]
From anti-austerity protests to remote-controlled cars: Here’s what got us talking this week June 19, 2015 There was plenty of Greek drama. RBS had to call in the boys from the IT Crowd. And some guy got a new job talking about cars. Here's what got us talking this week 1) There's going to be a huge protest in London today There will be tens of thousands of [...]
MRSA superbug found in pork sold by Sainsbury’s, Tesco, Asda and Co-operative June 18, 2015 Pork sold by four major UK supermarkets has tested positive for MRSA CC398 – a variant of the superbug, which can cause skin disorders and serious infections in humans. Products from Sainsbury's, Tesco, the Co-operative and Asda all tested positive for the bacteria during an investigation carried out by The Guardian. Read more: Sainsbury's, [...]
Waitrose PYOO (“pick your own offers”) ups game in supermarket price wars with Aldi, Lidl and big four June 17, 2015 Middle England favourite Waitrose has upped the stakes in the supermarket price wars with what it's calling "game-changing" discounts. The latest salvo in the battle with Aldi, Lidl and the big four – and adding a new acronym to our lingo almost as good as BOGOF – is "Pick Your Own Offers", or PYOO, which is [...]
City and Gild: Premium brands should beware the temptation to “be more Aldi” June 17, 2015 So the head of the Boarding Schools Association, Robin Fletcher, has apparently encouraged his members to be more like Aldi, and cut their prices to offer a budget version in an effort to appeal to a larger market. If filling spaces were the issue for boarding schools, then this could be an approach you [...]