Retail news from FPJ – Page 302
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ArticleAsda price shakes bananas
Asda stirred up the banana market again this week by slicing 14p off a kilo of loose product and announcing that it will be running a direct-sourcing trial on the fruit, similar to that set up with International Produce.
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ArticleSpending boost for UK spuds
UK spending on potatoes has jumped significantly in the last six years, a study has found, with growth fuelled by premium varieties.
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Tesco sales at £88,000 a minute
As predicted yesterday on freshinfo, Tesco this morning unveiled a 13 per cent rise in full-year underlying profits to £2.55 billion.
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Tchenguiz increases Sainsbury’s stake
Sainsbury’s shareholder Robert Tchenguiz has increased his stake in the company and called for the board to restructure its balance sheet, it emerged today.
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ArticleTesco set to add fuel to fire
Tesco is expected to post record annual profits to the end of February of around £2.5 billion this week, adding yet more fuel to the debate that the retailer is too dominant in the UK grocery market.
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Apple Day comes to Covent Garden
This October will see Common Ground hold its 18th Apple Day throughout the country. A national charity, Common Ground held the first Apple Day in London’s Covent Garden to draw attention to the plight of our orchards as well as the versatility of British home-grown fruit.
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Industry still pushing for less packaging
The industry does not believe that enough is being done to remove unnecessary packaging, the freshinfo poll showed last week.
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ArticlePomegranates outperform produce rivals
The pomegranate market is outperforming the total fruit and vegetable market by far, with growth being driven by more shoppers buying the fruit, which is now dubbed a superfood.
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ArticleApple popularity surge
Apples are enjoying a resurgence in popularity on the UK market, pulling ahead of overall supermarket sales levels and notching up price inflation for the first time in three years.
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Show over for Sainsbury's bidder
The private equity consortium that had been preparing to buy Sainsbury’s has officially pulled out of the running for the retail chain.
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ArticleFarma drama: Farmers' markets attacked
The National Farmers’ Retail and Markets Association (Farma) has criticised The Sunday Times for taking a “pot shot” at farmers’ markets.
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Sainsbury's private-equity deal unravels
CVC, the private equity firm heading up a bid for retailer Sainsbury’s, has reportedly called in the help of Goldman Sachs’ private equity division in an attempt to save its fast-collapsing proposal.
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Competition Commission extends enquiry
The Association of Convenience Stores (ACS) has welcomed a decision by the Competition Commission to extend the timetable of investigation into the grocery market by three months.
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ArticleSainsbury's bidding consortium dealt further blow
Shares in Sainsbury’s tumbled by 15p to 546p this morning, a 2.5 per cent drop, amid reports that Texas Pacific Group (TPG) has withdrawn from the CVC-led private equity consortium heading up a bidding war for the supermarket chain.
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ArticleChilled cabinets could be on way out
The major UK retailers have combined to challenge manufacturers of chilled and frozen display cabinets to find natural alternatives to environmentally-damaging HFC refrigerants.
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ArticleIncreasing drive for home procured food
The rising importance of procuring home grown produce for public institutions was reflected by an enthusiastic audience at a recent conference in the north east.
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Waitrose's Williamson moves up
Mark Williamson has been appointed to the Waitrose management board and the post of supply chain director by John Lewis Partnership.
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ArticleSainsbury's bid finally tabled
A bid for Sainsbury’s has reportedly been tabled by private equity groups, but according to the national media, family shareholders are not in favour.
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Somerfield has Easter egg on face
Somerfield was left with Easter egg all over its face when its PR department mistakenly told the world that handing out chocolate eggs symbolises "the birth of Jesus."
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ArticleTNS: top three in fine fettle
Latest TNS figures show top three supermarkets performing well above retail industry average.