All Grocery articles – Page 681
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News
Tesco completes acquisition of Dobbies
In a stock exchange announcement today, the grocer announced that Tesco Holdings has bought 100 per cent of the issued share capital of Dobbies.
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John Lewis sales hit by hot weather
John Lewis department stores suffered a drop in sales after warm weather last week kept customers away from its shops.
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Metro results top expectations
German retail giant Metro has posted better-than-expected results for the six months to June 30.
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Government to pick grocery czar if talks fail
The Government will consider bringing in a grocery ombudsman itself if the Competition Commission cannot come to an agreement with the supermarkets.
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Tesco to ramp up banking offer in stores following £950m RBS deal
Tesco is poised to roll out personal finance desks in about 200 of its Extra superstores after buying Royal Bank of Scotland’s 50 per cent stake in Tesco Personal Finance (TPF) for 950 million.
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Tesco: The city view
Tesco’s share price fell a little this week, reflecting what analysts said was the “full” price paid for Tesco Personal Finance.
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Consumer confidence nosedives
Consumer confidence has plummeted to an all-time low as concerns over the economy and finances take hold.
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Retailers rethink business travel
More than half of retailers say they have changed the way they consider business travel out of concern for the environment, a survey has revealed.
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Analysis
Cool in a crisis
When Baugur bought Iceland three years ago it was on the brink and the retailer’s staff were far from happy. Katie Kilgallen finds out how drastic HR intervention helped transform the business.
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Carrefour picks new board to streamline management
Shareholders at French grocery giant Carrefour have this week approved the creation of a board of directors to simplify its management structure.
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OFT invites comments on Co-op’s Somerfield buy-out
The Office of Fair Trading (OFT) has invited interested parties to lodge comments about the Co-operative Group’s 1.57 billion acquisition of Somerfield.
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Asda slashes petrol prices again
Asda has charged ahead in the petrol price war, slashing its prices by 2p for unleaded petrol and 4p for diesel across all of its forecourts with effect from tomorrow.
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Asda extends use of Odin brand management tool to non-food
Asda has rolled out Odin’s brand management software to non-food.
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Tesco given deadline for decision over Guardian libel action
Tesco must decide by September 15 whether to accept an apology and damages from The Guardian , following the newspaper’s incorrect tax avoidance story, a judge has ruled.
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Government responds to grocery inquiry
The Government has responded to the Competition Commission’s inquiry into the UK grocery sector, saying that it will consider establishing an ombudsman itself if the body cannot come to an agreement with grocers.
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Wal-Mart crowned world’s largest retailer for 10th year
Wal-Mart has been ranked the world’s largest retailer for the 10th year running, with Tesco named the third biggest, in a report by Planet Retail.
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July sales volumes plummet
The Summer Sales have bought no respite for beleaguered retailers as they reported plummeting sales volumes in July.
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Government threatens to call time on free plastic bags
Supermarkets have been warned that they must cut the number of plastic bags they distribute by 70 per cent by spring 2009 or be forced to start charging for them.
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News
Qataris raise Sainsbury's stake again
The Qatar Investment Authority (QIA) has raised its stake in Sainsbury’s for the third time in a month.
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News
Tesco buys out RBS in £950 million deal
Tesco has taken full ownership of its Tesco Personal Finance (TPF) financial services, in a move that it says will generate 1 billion in profit from retailing services.