All news articles – Page 3103
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News
Makro expected to turn a profit within the next four years
Makro boss Hannes Floto has said he expects his chain of 33 cash & carries to become profitable within the next four years. The business, which is currently being propped up by German parent company Metro Group, had undergone a transformation since...
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The first low-salt olive hits the market
The first low-sodium olive is set to hit the UK to tap into the trend for healthier low-salt products. The company behind the olives, Interolivia, said the olives had been two years in development and that it had to design an entirely new production...
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Stokes makes a fresh new start
Retailer Stokes has paid the price for aiming too high in the past, but it’s now making a comeback by putting its energy into quality, fresh, local produce. Nick Hughes reports
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KitKat helps power record Nestlé sales
Nestlé said its British business had achieved “good organic growth”, as it announced record nine-month sales this week. The company’s global operations posted a sales increase of 8.9% and real internal growth of 3.4%. Nestlé did not give figures...
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It’s just talks, says Tesco as it summons suppliers
Tesco has denied its current tough negotiating stance with suppliers breaches either the current Supermarkets Code of Conduct or the new tougher code currently being drafted by the Competition Commission. Responding to criticism from pressured...
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Retailers urged to speak up over logo
Retailers are being urged to respond to the Agriculture and Horticulture Development Board’s consultation on adopting the Red Tractor. So far there have been very few submissions by supermarkets to the debate over whether the Red Tractor should be...
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Taking the work out of vegetables
Waitrose has launched a new range of pre-prepared seasonal vegetables to make life easier for shoppers in the kitchen. The mixes are touted as ideal additions to soups, casseroles and stews. The range includes Vegetable & Bean Casserole, Irish Stew,...
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Supermarkets' petrol price war intensifies
The battle at the pumps between the big four has intensified with Asda and Sainsbury's cutting the price of fuel for the third time in a week.
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OFT: 'Free wholesalers from newspaper code of practice'
Rules governing newstrade wholesalers could be relaxed following the findings of three Office of Fair Trading reports released today. Releasing its long-awaited reports into the 1994 National Newspapers Code of Practice and the vertical agreements between wholesalers and publishers, the OFT said wholesalers should be "released from the undertakings ...
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Parmalat payout prompts share price to plummet
Shares in Parmalat plummeted by around 20% yesterday after a US court awarded Citigroup a payout of more than $350m relating to the 2003 collapse of the Italian dairy giant.
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Green puts bid for Iceland on hold – reports
Sir Philip Green, the retail magnate linked with an approach for Baugur's UK retail interests, has put his interest in the group on hold, according to media reports.
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Giants fuel war at the pumps with another petrol price cut
Petrol prices are continuing to fall as the UK’s largest supermarkets cut prices for the second time in a week.
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Cadbury is official confectioner of London Olympics
Cadbury has become the latest major company to agree a sponsorship deal with the London Olympics, the confectionery giant announced yesterday.
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OFT greenlights Co-op’s Somerfield deal but 126 stores must be sold
The Co-operative Group's £1.57bn acquisition of Somerfield has been rubber-stamped by the Office of Fair Trading.
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Bread price falls for first time since ’07
Bread prices have fallen for the first time since July 2007 but industry experts warn the drop is down to supermarket competition rather than falling wheat prices. The average price of bakery goods at the big four on The Grocer 33 database has...
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World News 18/10/08
CARREFOUR, SYRIA: Carrefour is to enter Syria with a hypermarket that will be the centrepiece of a massive shopping centre. A Dubai investor has ploughed $1bn (£572m) into the project to build Syria’s biggest mall, which will sit in a fast-growing...
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Other Movers: 18/10/2008
Andy Hornby has resigned as HBOS chief executive after the company accepted an £11.5bn government cash injection. Hornby joined HBOS in 1999 from Asda, where he was MD of George clothing. l Patrick Bastow, one of the founders of Swedeponic, which...
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NewsGrocer 33: Asda basket beats closest rival by £2.14
Asda was comfortably this week’s cheapest retailer, with its £49.33 basket coming in at £2.14 less than nearest rival Tesco’s
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Beckham’s face fronts omega-3 food range
After endorsing sunglasses, aftershave and mobile phones, David Beckham has ventured into food for the first time, investing in a new range of vitamin and omega-3 enriched frozen food products. Beckham has teamed up with supplement brand GO3,...
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NewsGrocer 33: Morrisons tastes victory in Eccles
In a week of tough competition, Morrisons in Eccles clinches this week’s Service award thanks to 100% availability, well-staffed checkouts and a tidy store