Retail news from FPJ – Page 355
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ArticleRose unveils M&S blueprint
Marks & Spencer will look to return £2.3 billion to shareholders under new proposals from chief executive Stuart Rose.
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ArticleAsda celebrates five years with Wal-Mart
Asda is celebrating five years within the Wal-Mart fold this summer.
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DTI classes aim to beat long working hours
Trade and Industry secretary Patricia Hewitt has announced a series of free masterclasses to help companies learn how to overcome inefficient working time practices.
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M&S cherry backing
Marks & Spencer, long-time supporter of the National Cherry & Soft Fruit Show, traditionally held at Detling at the same time as the Kent County Show, is backing a drive to widen participation.
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ArticleSainsbury's cancel Sir Peter's bonus
Sainsbury's has confirmed that it is cancelling the controversial bonus awarded to ousted boss Sir Peter Davis.
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M&S rejects latest Green bid
The board of Marks & Spencer has rejected Philip Green’s latest takeover bid for the high street retailer.
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ArticleSainsbury's prepares legal battle over Davis shares
Sainsbury’s board is preparing to take on its former chairman Sir Peter Davis to prevent him receiving any of the £2.3 million of free shares he was awarded.
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Morrisons shares sold off
Wm Morrison shares took a sharp drop after an institutional investor sold off its 1.2 per cent holding in the supermarket.
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ArticleGreen makes new M&S offer
Philip Green has raised his proposed takeover offer for Marks & Spencer to about £9.1 billion.
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ArticleSainsbury's credit downgraded
Sainsbury's supermarket group has been downgraded by credit rating agency Fitch after announcing a profit warning.
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ArticleWhich? report bashes smoothies
Smoothie drinks are not always as fruity and healthy as they make out, according to a Which? survey.
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Green given hurry-up for M&S bid
Entrepreneur Philip Green has been given until midday on August 6 to make a formal offer for Marks & Spencer.
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ArticleMorrisons blames Safeway for profits warning
Morrisons has issued its first-ever profits warning, after uncovering a host of problems at Safeway, the chain it paid £3 billion for in March.
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ArticleSainsbury's names new chairman
Sainsbury’s chief executive Justin King has announced Philip Hampton will replace Sir Peter Davis as chairman of the troubled chain on July 19.
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ArticleSainsbury's snack attack expansion
Sainsbury's will "definitely" be rolling out its fresh fruit snack packs, launched last week, to stores nation-wide, buyer Dominique Schulenburg confirmed to freshinfo this week.
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ArticleInterest in 5-a-day rises
Interest in the 5-a-day logo from the department of health is growing as are the activities and outreach to consumers and response from the public, the department reports.
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ArticleMorrisons to sell off small Safeway stores
Morrisons will sell up to 120 smaller Safeway stores in an attempt to reverse poor trading from the supermarket chain.
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Hargreaves looks for greener asparagus
Hargreaves Plants has just completed planting its asparagus variety-testing site in West Norfolk in a bid to bring more true green types to UK supermarket shelves.
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ArticleSainsbury's chairman quits
Sainsbury’s has confirmed that chairman Sir Peter Davis is to step down with immediate effect.
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ArticleGreen threatens to abandon M&S bid
Entrepreneur Phillip Green has told his M&S bidding team that he would end his takeover campaign by July 30 unless shareholders placed pressure on the M&S board to open up negotiation talks.