There’s plenty of coverage of Kantar Worldpanel’s latest supermarket market share figures, with Morrisons somewhat surprise sales rise being the focus of attention.
Price cuts, a loyalty card and home deliveries from Wm Morrison appear to be winning approval among shoppers, writes The Times (£). While The Telegraph says “the ailing Bradford-based grocer” is showing signs of a fightback.
Morrisons could even cling on to its place in the FTSE 100 after the sale uptick. The UK’s fourth biggest grocer looked set to be kicked out of the blue chip index as a result of its declining value, but the shares inched up nearly 2% after new sales data - meaning the retailer might now retain its position in the prestigious index. (The Guardian)
Ahead of its AGM on Thursday, Nils Pratley writes that the £1m bonus for ex-Morrisons boss Dalton Philips “shows the flaws” in the supermarket’s incentive scheme. (The Guardian)
Meanwhile Tesco’s 0.4 percentage point market share decline and 1.3% sales fall “heaped more pressure on boss Dave Lewis” as Tesco’s recovery suffered another setback. (The Daily Mail)
British consumers are still more likely to hunt for a bargain than splash out on a luxury item, and have kept the word “caution” at the top of their shopping lists. Many Britons are “still in survival mode” even as the country emerges from recession, the British Lifestyles report by Mintel says, with the “savvy shopper” looking for quality products but at bargain prices. (The Financial Times £)
The head of the health service has issued a veiled threat to food companies, warning that public opinion will turn against those who continue to push junk food on children. Simon Stevens, chief executive of NHS England, hinted that laws will be implemented if food companies fail to cut sugar voluntarily. (The Times £)
Looking at Pernod Ricard’s results yesterday, the Financial Times’ Lex column writes: “If Pernod is to sustain sales growth at that level, it can afford few slip-ups, and will need new markets like Africa and India to deliver on their promise. The company is admired for its brand stewardship and a devolved, entrepreneurial structure, but Tuesday’s 5% share price decline suggests investors are a bit sceptical.” (The Financial Times £)
JE Wilson & Sons, best known for making Kendal Mint Cake has been taken out of administration, saving 121 jobs. (The Telegraph)
The head of the world’s biggest brewery company in Germany has lost his job after just five months for drink driving. Till Hedrich, head of German operations for Anheuser-Busch Inbev, crashed his car while travelling on an autobahn near Munich at the end of April while under the influence of alcohol. (The Times £)
Indian food safety authorities have launched a probe into Nestlé’s popular Maggi instant noodles, after regional inspectors said they found dangerously high levels of lead and excess monosodium glutamate. (The Financial Times £)