Clive Black news and analysis – Page 7
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Analysis & FeaturesTesco in way better shape for the recession than share sell-off suggests
Tesco in ‘really great shape’ to deal with cost of living crisis, says CEO Ken Murphy
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NewsMorrisons new owners look to speed up refinancing despite profits warning
Sources said despite the gloomy predictions in the update given yesterday, it had “cleared the way” for CD&R to seek bank support to refinance more than £6bn of short-term borrowing
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NewsMorrisons warns on impact of inflation and ‘geopolitical environment’
Private equity owned Morrisons has warned its profits will come under pressure from mounting inflation and the situation in Ukraine.
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NewsRussian discounter Mere pulling out of UK
Mere has thanked suppliers for their co-operation while informing them UK ambitions are on hold due to the ‘political situation’
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NewsYandex-backed Yango Deli UK resists taking position on Ukraine
Russia’s largest technology company was banned in Ukraine in 2017 due to security concerns
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NewsOcado shares plummet as it ploughs investment in tech
Ocado’s share price slumped to wipe out all its pandemic-driven gains this week after continued investment in technology saw losses balloon and guidance was lowered for 2022
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NewsCD&R denies headhunting for David Potts successor
A Morrisons source is adamant there is no truth in the report that Potts intends to step down in two years’ time
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ProfilesA giant of the industry: Lord Sainsbury obituary
John Sainsbury was a towering figure, dominating and defining the most important period in the rise of the supermarkets through his vision and attention to detail
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NewsMedia Bites 10 Jan: THG, M&S, Morrisons
THG has handed a dossier of data to the City regulator that chief executive Matt Moulding hopes will prove that hedge funds and stockbrokers colluded to drive down the online retailer’s share price
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NewsOmicron saves Christmas for the grocers, with Tesco, Lidl, Aldi and Ocado the standouts
Tesco and the discounters have emerged as the winners in the battle for Christmas sales, according to industry data.
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Analysis & FeaturesChristian Härtnagel’s legacy of loyalty and the next steps for Lidl GB
Härtnagel’s promotion to Lidl Germany CEO shows he has impressed in his role here. So what has he achieved, and who is Ryan McDonnell?
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NewsLidl minimum store size now 18,000 sq ft to fit more SKUs
The discounter’s minimum desired unit size outside London has grown from 14,000 sq ft to 18,000 sq ft
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NewsCity News: Premier Foods weathers mini sell-off as it faces tough comparatives
As consumers returned to out-of-home eating, the business came up against last year’s Covid-elevated figures.
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NewsCity Snapshot: Tesco website back online after weekend cyber attack
Tesco has fixed the issues plaguing its website and app over the weekend, with the online service back up and running again today.
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Analysis & FeaturesWhy Asda’s convenience ‘move’ to supply EG Group sites is not a piece of cake
Asda’s new c-store format is rolling out to hundreds of EG Group forecourts. But a potentially steep learning curve is ahead
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NewsCity News: Sainsbury’s shares soar as takeover speculation mounts
Takeover fever engulfed Sainsbury’s this week, as corporate raiders looking to the UK for cheap assets eyed up yet another supermarket
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Comment & OpinionApollo’s bid for Sainsbury’s may be speculation, but UK grocers remain attractive investments
The market has reacted wildly to hints of a bid for Sainsbury’s. But there’s little substance to the report just yet
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NewsCity Snapshot: Sainsbury’s shares rocket on takeover speculation
Shares in Sainsbury’s have ballooned more than 9% to a three-year high after speculation emerged in the weekend papers that the supermarket group was the next target of US private equity group.
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Analysis & FeaturesWhat Asda’s bulk buy move says about wholesale ambition
Asda is trialling bulk buys in 10 stores. With Tesco also evolving its own bulk buy concept, will shoppers be keen to fill their shelves?
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Analysis & FeaturesWhat does £5.5bn takeover tussle mean for Morrisons?
Clayton Dubilier & Rice has form in UK retail. Is its bid likely to succeed, and what would the implications be for Morrisons and the sector?