Clive Black news and analysis – Page 35
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Asda ups ante in price war
Fiona McLellandAsda is seizing the initiative in the battle on price in a bid to retain the upper hand over arch rival Tesco. The number two retailer was already following up its eighth successive Grocer 33 pricing survey win with a...
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Breaking up is hard to do
The New Economics Foundation has proposed curbing Tesco with a break up. Outrageous? Or viable? Rachel Barnes reportsThis week the New Economics Foundation – the independent think-tank that promotes “real economic wellbeing” –...
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Teething troubles overseas
Tesco is experiencing mixed fortunes on the international scene, with patchy performance in certain countries. Glynn Davis reportsTesco’s strategy for world domination is well under way. According to international operations director...
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United’s bid: who’s in the shadows?
Is United Co-op’s Peter Marks bidding for Somerfield on behalf of several societies? And should it take heed of the lessons from Morrisons’ acquisition of Safeway? Fiona McLelland reportsUnited Co-operatives surprised everyone last...
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Every little helped
Tesco has become the first UK retailer to break the £2bn profit barrier. But that’s just the start of its ambitions. Simon Mowbray reportsTuesday morning started as we all knew it would: Tesco announced record full-year results,...
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Tesco's double whammy
Tesco has broken through the 30% market share barrier for the first time, according to exclusive new figures for The Grocer.The revelation comes just days before Britain’s biggest retailer is expected to post a profit of more than £2bn for the...
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New hero for Asda
Andy Bond was widely expected to be announced as the new boss of Asda as The Grocer went to press this week, marking the start of a new chapter in the history of the Wal-Mart subsidiary. But analysts warn it will be the most challenging chapter for...
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Sainsbury: can it be resuscitated?
Sales at Sainsbury, once Britain’s proudest supermarket, are flatlining. There are signs that chief executive Justin King is breathing new life into the business. But is he applying the right treatment to restart its pulse? The City gives its...
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Is Morrisons up to the task?
Its first profit warning in 37 years resulted in City analysts substantially cutting profit forecasts. So how do these analysts rate Morrisons now, asks Glynn DavisThe brief period of euphoria following the consummation of the deal...
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Fault lines along the path to union
Glynn Davis explores cultural flashpoints liable to flare in a Morrisons-Safeway integration processMorrisons might be close to the finishing line in the marathon takeover battle for Safeway but only when the deal is actually...
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Fresh Produce Consortium: Boost for fruit and veg, but confe
The Government unveiled plans for its fully funded campaign to boost consumption of fruit and veg to a depleted audience at the Fresh Produce Consortium near Grantham this week. Apathy towards the conference, which attracted around 100 delegates ...
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US: Sainsbury's US commitment in doubt
Sainsbury's decision to step up its presence in the US with the acquisition of 18 supermarkets from Grand Union (see this page) does not necessarily mean it is in the country for the long haul, said analysts after interim results were announced on...
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News analysis: Iceland
Carry on Malcolm. It's still early days for the Iceland/Booker merger, so does Stuart Rose's departure put the odd couple on a shakier footing? John Wood and Elaine Watson report on the challenges ahead for Malcolm Walker Malcolm Walker was taking...
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C-store multiples: Alldays valued at a fraction of 1998's £2
It may have almost 800 c-stores, and a national presence, but investors now think Alldays is worth less than £11m. The heavily indebted c-store chain has seen its share price continue to trickle downwards in the past week, slipping below the 24p...
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City sceptical at talk of US venture capital move
Belinda Gannaway The City has been forced into a waiting game following Somerfield's announcement on Monday that it is in talks with one or more bidders. Few analysts believe the approach has come from a trade buyer either domestic or overseas....
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Booker has made an impressive recovery under the guidance of
Stuart Rose has nurtured cash and carry chain Booker through a rough transition period and come up smelling sweet. At this time last year, the company was in serious trouble but, after 18 months of his careful nurturing, the end of the financial...