Supermarket promotions face overhaul after CMA competition probe
16th Jul 2015 08:47
(ShareCast News) - UK supermarkets are to be hit by a range of new rules to try and end "confusing and misleading promotions", after an investigation found some deals had even broken the law. The Competition and Markets Authority (CMA), in response to a 'super-complaint' by Which?, the UK consume
Read moreShop price deflation eases in June, BRC-Nielsen says
8th Jul 2015 10:25
Food prices in June fell at their slowest rate for several months and non-food retail price deflation eased off as overall shop prices fell 1.3% in June, up from -1.9% in May. The monthly BRC-Nielsen Shop Price Index (SPI) for June 2015 showed annual food deflation of 0.4%, the lowest since February
Read moreEagle Eye soars as Sainsbury's inks digital voucher contract for "material revenue"
7th Jul 2015 09:17
Eagle Eye Solutions, the retail promotions and voucher specialist with ex-Tesco boss Sir Terry Leahy on its board, has inked a contract of "material" size with Sainsbury's and said its revenues soared 165% in the year to end-June. The AIM-listed company said Sainsbury's will deploy the Eagle Eye AIR
Read moreTuesday newspaper round-up: Greece, UK banks, Sainsbury's
7th Jul 2015 07:12
"The European Central Bank has tightened liquidity conditions for the Greek banking system following the landslide victory for the Leftist government in Sunday's referendum," writes The Telegraph. Greece has appointed Oxford-educated economist Euclid Tsakalotos as its new Finance Minister, reports T
Read moreSunday newspaper round-up: Energy and financial regulators, Sainsbury's and Supergroup
5th Jul 2015 16:03
The Big Six energy firms are expected to escape demands for a major break-up when the Competition and Markets Authority (CMA) this week announces the results of its lengthy review into competition in the industry. The competition regulator is expected to say that the vertical integration structure u
Read moreLondon close: Last-minute Greek proposal fails to lift stocks, FTSE plunges 1.5%
30th Jun 2015 16:41
A last-minute request from Greek prime minister Alexis Tsipras for a new bailout programme failed to inspire gains on London's stock market as the heavyweight mining sector bore the brunt of a reduction in risk appetite. A sell-off on the base metals market was weighing heavily on mining stocks, pus
Read moreFTSE 100 movers: Travel stocks rebound, but supermarkets dip on Kantar data
30th Jun 2015 13:06
UK stocks extended losses on Tuesday, as the recovery in travel stocks was offset by weakness in supermarkets and miners. As of 14:30 BST, the FTSE 100 was trading 0.6% lower at 6,583. Travel stocks including TUI, Easyjet and IAG rebounded from Monday's losses, which followed disruption to tourism
Read moreLondon midday: Stocks pare losses as investors hope for last-minute Greek deal
30th Jun 2015 11:05
UK stocks were trading in the red again on Tuesday, but had bounced off their lows by lunchtime as investors digested the latest news flow from Greece. The FTSE 100 was trading 0.6% lower at 6,583.15 by midday, having bounced off an intraday low of 6,540.52 early on. The index has not closed below t
Read moreUK grocery market slides but Morrisons continues to grow, Kantar says
30th Jun 2015 09:56
The UK's grocery market slipped into decline in the second quarter of 2015, figures released on Tuesday showed. According to the latest survey from Kantar Worldpanel, sales in the sector fell 0.1% year-on-year, driven by a 1.6% decline at both Tesco and Sainsbury's, which brought their market share
Read moreFTSE 100 movers: Tesco surges on slower sales decline, miners lower
26th Jun 2015 14:25
UK stocks edged lower on Friday, as Greece's crucial weekend approached and mining, engineering and oil stocks provided a drag. As of 15:00 BST, the FTSE 100 was trading 0.4% lower at 6,783. Supermarket chain Tesco gained after reporting that the ongoing slide in sales was slowing. UK like-for-like
Read moreLondon open: Stocks fall as Greece enters crunch talks over debt deal
26th Jun 2015 09:13
UK stock markets fell on Friday morning after the collapse of Greek debt talks at the Eurogroup meeting the previous day. The FTSE 100 was down 0.72% at 6,758.47 in early trading, as gains in the supermarket sector were offset by weakness among miners as investors scaled back their appetite for risk
Read moreSainsbury expands CFO's role
25th Jun 2015 09:51
Supermarket retailer J Sainsbury said on Thursday that the role of chief financial officer John Rogers will be expanded to include business development as Helen Buck, who previously held the responsibility for this area, will step down from the operating board on 31 July. In his expanded role, Roger
Read moreLondon close: UK markets hit two-week high despite Greek impasse
24th Jun 2015 16:24
Fading optimism over an imminent short-term funding deal for Greece didn't stop UK stocks from rising for the fifth straight day, as decent gains from a number of blue chips bolstered markets. The FTSE 100 ended the day up 0.15% at 6,844.80, its highest close since 11 June. Supermarket stocks, oil
Read moreFTSE 100 movers: Sainsbury surges on upgrade, but IAG hit by takeover delay speculation
24th Jun 2015 12:54
London markets were subdued on Wednesday, as gains in the supermarket, oil and mining sectors were offset by weaker performances from chemicals, software, and financial services stocks. As of 13:45 BST, the FTSE 100 was trading broadly flat at 6,843. Sainsbury surged after being boosted by a Societ
Read moreLondon midday: UK market rises despite Greek uncertainty, supermarket stocks gain
24th Jun 2015 12:00
Strong gains from supermarket, oil and mining stocks bolstered UK markets on Wednesday as investors shrugged off worrying reports that creditors have rejected Greece's reform proposals. The FTSE 100 was up 0.29% at 6,854.95 by midday, with blue chips Sainsbury's, Shell and BHP Billiton among the bes
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