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UK's food manufacturers to participate in new labelling scheme Wednesday, 19th June 2013
A new traffic light labelling system designed to advise consumers on making healthier choices on food products is being introduced to major supermarkets and food manufacturers. 60 per cent of the food sold in the UK has already adopted the new scheme, with the Government hopeful that others will follow suit.
Just two out of 25 well-known store groups awarded "Fair Tax Mark" Thursday, 13th June 2013
The tax scandal engulfing many of the UK’s retailers rumbles on today, with just two of 25 well-known store groups awarded a “Fair Tax Mark” in a report published Thursday by the Fair Tax Campaign. Tax campaigners have criticised several UK companies in the past few weeks over the way they structure their tax affairs, provoking consumer anger and demand for political action.
“Solid” Q1 performance for Sainsbury’s, as supermarket continues to grow market share Wednesday, 12th June 2013
Total sales for Sainsbury's first quarter rose 3.6 per cent, as the country’s third largest supermarket group became the only major grocer to continue to increase its market share, up 0.2 per cent to 16.8 per cent for the period. Wednesday’s announcement will no doubt add pressure to the UK’s three other largest grocers, as Tesco, Asda and Morrisons continue to battle for their share of the market amidst a fiercely competitive economic backdrop.
Sainsbury's to give start-ups a leg up with competition Thursday, 6th June 2013
Sainsbury’s is set to give start-up businesses the chance to pitch their products to the grocer this year as part of the new PitchUp with Sainsbury’s competition.
Sainsbury’s Justin King secures 23% pay rise as supermarket goes from strength to strength Thursday, 6th June 2013
Sainsbury’s chief executive Justin King has been awarded a 23 per cent pay rise, as the number three supermarket continues to top targets. King, who has headed up the supermarket giant for more than nine years, will see his overall pay rise to £4.27 million, after his bonus nearly doubled to £996,000.
Aldi posts all-time record share of grocery market Tuesday, 21st May 2013
The latest figures from Kantar Worldpanel show an ongoing polarisation of the grocery market, as both Aldi and Waitrose continue to make gains on rivals. Value retailer Aldi posted an all-time record share of 3.5 per cent in the 12 weeks to 12 May 2013, up from 2.8 per cent of the market last year.
Parliament demands supermarkets explain confusing pricing policy Tuesday, 21st May 2013
Representatives of the UK’s leading supermarkets are being summoned to parliament on Tuesday, to explain confusing and misleading “unit prices” on food and drink products. Consumer affairs minister, Jo Swinson, will meet representatives at the Department of Business to discuss inconsistencies in their promotional items, which in some cases mislead and confuse customers into buying products that do not represent value for money.
Asda report first quartely profits Thursday, 16th May 2013
Price reductions and online offerings have boosted Asda’s underlying sales by 1.3 per cent in the first quarter, Reuters reports. The supermarket chain, which is owned by American retail giants Wal-Mart, said on Thursday that excluding fuel and VAT, sales at shops open over a year have seen a 1.3 per cent rise in the 14 weeks to April 12.
Ocado's shares fall 8 per cent amid potential contract dispute with Waitrose Monday, 13th May 2013
Ocado, the grocery delivery service, saw its shares drop 8 per cent amid a potential breach of contract with main clients Waitrose, The Guardian reported Monday. Waitrose lawyers remain concerned about Ocado’s proposed deal to set Morrisons up with their own online delivery service, fearing a conflict of interests.
Morrisons shares fall as sales continue to struggle Thursday, 9th May 2013
The UK’s fourth biggest grocer, Morrisons, crashed in the stock market today as it continues to fall behind its competitors. The 1.8 per cent slump was an improvement from its 4.1 per cent performance in the last quarter, however, shares fell 8.2p to 288.2p, making them the worst performers in the FTSE 100 index.