Monday, September 25, 2017

Co-op underlying profits dive 48%

Co-op has seen underlying pre-tax profits divebomb by nearly a 50 per cent in its first half as it diverted funds to its members reward scheme.
grocery market share

Almost 2/3 of Brits now shop at Aldi or Lidl

Shoppers visiting Aldi or Lidl in the last quarter has grown to almost a third compared to the same period last year, new grocery market share figures show.
Ocado

Ocado Q3 revenue jumps 14.3%

Ocado's sales continued to rise in the third quarter, with the online grocer recording a 14.3 per cent jump in total revenue.
J Sainsbury's

Sainsbury’s appoints Jo Harlow to board as non-exec director

The parent company of Sainsbury's and Argos has appointed Jo Harlow to the board as a non-executive director, with immediate effect.
Palmer & Harvey

Tesco-Booker merger could have adverse impact on Palmer & Harvey

One of the UK's biggest wholesalers has warned that the proposed Tesco-Booker merger could make rival wholesaler Palmer & Harvery go bust.
Turnaround

Morrisons sees profits leap 40% as turnaround produces results

Morrisons has solidified its revival efforts posting growth in revenue and profits for the “first time in the turnaround”.
bag tax

Tesco under fire for deducting 10% bag tax funds meant for charity

Tesco has deducted millions of pounds in administration fees from funds raised from the plastic bag tax, an initiative that the government stated should go towards charitable causes.
Groceries tracker

Average grocery costs continues to rise

The price of the average basket of grocery items continued its upwards trajectory in August, according to a monthly tracker.
Asda job cuts

Asda axes 300 jobs at head office

Asda has culled almost 300 jobs at its head office as part of a major turnaround plan.
Asda suppliers

Asda accused of bullying suppliers with threats of de-listing

Asda allegedly used "aggressive tactics" to demand suppliers to pay significant sums of money or face being de-listed, a new report has revealed.

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