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Tesco ends contract with burger meat supplier, vows to ‘set a new standard’ for meat testing Wednesday, 30th January 2013
Tesco has dropped its frozen burger supplier Silvercrest, after tests discovered traces of horse meat in its beef products. The UK’s largest supermarket on Wednesday said Silvercrest had failed to comply with company policy by sourcing meat from abroad, and that this “breach of trust” meant it had decided to bring the contract to an end.
Tesco maintains market share while Morrisons lags behind Tuesday, 29th January 2013
Tension between the UK’s four biggest supermarkets shows little sign of letting up as industry figures suggest Tesco is back on fighting form. The latest grocery share figures from Kantar Worldpanel found Tesco maintained its market share of 30.4 per cent in the 12 weeks to 20 January.
Premier Foods shares take a tumble after CEO resigns Monday, 28th January 2013
Premier Foods saw its shares fall 12 per cent on Monday after it announced chief executive Michael Clarke would step down from the board with immediate effect. The food manufacturer, which owns the Hovis, Bisto, Oxo and Mr Kipling brands, will now be led by former Cable & Wireless head Gavin Darby, who will take up his position on 4 February.
SPAR unveils Middle East expansion plans Monday, 28th January 2013
Spar China store. Dutch supermarket group SPAR International has announced plans to enter the Middle East with 30 stores set for the region by the end of 2015. Spar managing director Gordon Campbell on Sunday told Reuters that the retailer plans to have eight stores in Abu Dhabi, two in Qatar and one in Lebanon by the end of the year, with a further expansion into Oman and Saudi Arabia lined up over the next three years.
Tesco’s 50th regeneration partnership store allocates jobs to 100 unemployed in Corby Friday, 25th January 2013
A new Tesco Extra store in Corby has had 100 jobs allocated to locals in the area who have been unemployed for a period 6 months or more. Since 2000, Tesco has opened 50 regeneration partnership stores across the country. In each of these stores, roughly 1 in 3 of the jobs available are allocated specifically for local citizens who have been unemployed for a period of several months.
Morrisons and Lakeland to create new online retail site Monday, 21st January 2013
Morrisons has announced plans to create a new online retail site in cooperation with Lakeland to sell kitchenware. It's not the first time Morrisons has expanded into online sales. In 2011, the company purchased Kiddicare.com and the following year created the website MorrisonsCellar.
Minister warns horsemeat scandal could see prosecutions Thursday, 17th January 2013
The discovery of horsemeat in a number of supermarket’s beef products could lead to criminal prosecutions, according to environment minister David Heath. As Tesco places full-page adverts in national newspapers to apologise for selling beef burgers that are thought to have contained up to 29 per cent horsemeat, Heath warned that the “serious” discovery could lead to criminal proceedings.
Horse meat revelations knock almost £300m off Tesco shareprice Wednesday, 16th January 2013
Supermarket chains Tesco, Iceland, Aldi and Lidl have withdrawn numerous beef products from their shelves in the UK and Ireland after an investigation by the Food Safety Authority of Ireland (FSAI) discovered that they had been contaminated with the meat of horses and pigs. Of the products tested, most contained only small traces of horse and pig DNA, but one product (Tesco Everyday Value Beef Burgers) after it was discovered that 29 per cent of its content was comprised of horse meat.
Supervalu strikes $3.3bn deal to sell off 877 supermarkets Friday, 11th January 2013
The United States’ third largest supermarket on Thursday announced a USD 3.3 billion deal that will see it sell off 877 supermarkets to an investor group led by Cerberus Capital Management. According to Reuters shares rose more than 14 per cent in Supervalu stock on the New York Stock Exchange after news of the pending sale broke.
Tesco’s Christmas coup: sales up 1.8% after stronger seasonal offering Thursday, 10th January 2013
Tesco on Thursday reported a 1.8 per cent rise in sales for the run up to Christmas, its strongest UK growth in three years, after the retailer stepped up its game for the festive season. The nation’s largest retailer said sales excluding new store openings, VAT and petrol grew 1.8 per cent in the six weeks to 5 January, compared with the same time a year before.