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.... . However, its gross profit margin fell because of the price cutting, and its full-year profit before tax is predicted to be "broadly in line with market consensus". ... [Read full article on BBC ]
Tuesday 4th of April 2017 07:32:22 AM
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....While discount rival Aldi overtook the Co-op to become the UK’s fifth-largest grocer in February, the Co-op has increased sales ahead of most other rivals helping it maintain a 6% market share. However, in September, the Co-op revealed that pre-tax profits more than halved to £17m in the first six months of 2016 after restructuring costs and price cuts. ... [Read full article on Guardian ]
Monday 3rd of April 2017 06:30:15 AM
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.... Separate data from Nielsen showed the proportion of consumer spending on promotions at UK supermarkets has fallen to an 11-year low. Just over a quarter (26%) of money spent at supermarkets went on products with temporary price cuts or multibuy offers in the four weeks to 25 March, the lowest level since 2006. ... [Read full article on Guardian ]
Tuesday 4th of April 2017 09:17:14 AM
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Latest Finance News related to Price Cut

Sharp rise in UK food prices inflates household shopping bill image
Source : Guardian [Read Article] Tuesday 4th of April 2017 09:17:14 AM
.... Separate data from Nielsen showed the proportion of consumer spending on promotions at UK supermarkets has fallen to an 11-year low. Just over a quarter (26%) of money spent at supermarkets went on products with temporary price cuts or multibuy offers in the four weeks to 25 March, the lowest level since 2006. ...
Online retailer Asos sees exports boosted by weak pound image
Source : BBC [Read Article] Tuesday 4th of April 2017 07:32:22 AM
.... . However, its gross profit margin fell because of the price cutting, and its full-year profit before tax is predicted to be "broadly in line with market consensus". ...
Co-operative Group to write off the value of its stake in Co-op bank image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:30:15 AM
....While discount rival Aldi overtook the Co-op to become the UK’s fifth-largest grocer in February, the Co-op has increased sales ahead of most other rivals helping it maintain a 6% market share. However, in September, the Co-op revealed that pre-tax profits more than halved to £17m in the first six months of 2016 after restructuring costs and price cuts. ...
Petrol and diesel prices cut amid pressure on retailers image
Source : BBC [Read Article] Friday 24th of March 2017 03:15:07 PM
. Motorists will see an acceleration in fuel price cuts over the weekend as supermarkets take up to 2p off a litre of petrol and diesel. ...
Landline charges for 2m customers to be cut as telecoms watchdog steps in image
Source : Guardian [Read Article] Tuesday 28th of February 2017 09:12:38 AM
....99 – a reduction of at least 26%. The price cut would not apply to landline services sold by BT as part of a bundle of services including broadband. ...
BT landline-only customers set to get £5 off monthly bills image
Source : BBC [Read Article] Tuesday 28th of February 2017 07:28:21 AM
....". The planned price cut will effectively reverse cost rises seen in recent years, Ofcom said. ...
Energy bills: are UK customers finally starting to switch supplier? image
Source : Guardian [Read Article] Monday 27th of February 2017 12:01:44 AM
....8%, the highest level since 2010. The increase in activity among customers followed a round of price cuts in early 2016, and strong competition among some of the country’s smallest energy firms. ...
The truth about falling gas prices image
Source : Guardian [Read Article] Saturday 25th of February 2017 06:59:05 AM
.... The Guardian focussed on the fact that, after March, electricity prices would jump 8. 4%, but dutifully reported the gas price cut. ...
Aldi becomes UK's fifth largest supermarket image
Source : Guardian [Read Article] Tuesday 7th of February 2017 09:18:50 AM
....While their pace of growth has slowed in the past two or three years, Aldi and Lidl now control nearly 11% of the UK grocery market after the major players Tesco, Sainsbury’s and Asda all lost share. The rise of the discounters, which stock a much smaller range of goods than in most rival stores, has led to price cuts across the sector as the traditional supermarkets try to win back shoppers. ...
Tesco hails turnaround as festive sales increase image
Source : Guardian [Read Article] Thursday 12th of January 2017 09:18:49 AM
....2bn of operating profit this year “and maybe slightly more”, as the sales rise had been achieved alongside improvements in efficiency. Tesco won back market share in the UK for the first quarterly period in five years before Christmas as shoppers responded to price cuts and investment in customer service. ...
Morrisons sees best Christmas performance for seven years image
Source : BBC [Read Article] Tuesday 10th of January 2017 07:29:30 AM
....2%. Morrisons introduced price cuts on a number of its products late last year, but Kantar said inflation had returned to the sector for the first time in 28 months. ...
Good Christmas? M&S set to surprise as retailers reveal festive sales image
Source : Guardian [Read Article] Sunday 8th of January 2017 02:14:45 PM
.... But Bubb fears heavy discounting in the Christmas run up will have eaten into the employee-owned retailer’s profits. John Lewis’s “never knowingly undersold” promise means it has to match rivals’ price cuts. ...
UK housing market: what to expect in 2017 image
Source : Guardian [Read Article] Monday 26th of December 2016 04:11:22 PM
....Since the referendum, estate agents have reported interest from overseas buyers attracted by the weak pound, but some developers have reported falling sales. There have been price cuts in some of the most expensive developments, and also some reconfiguring of newbuilds so that apartments are smaller and cheaper. ...
Sainsbury's chief Mike Coupe stocks up for future image
Source : Guardian [Read Article] Thursday 22nd of December 2016 07:00:40 AM
....When Mike Coupe took over from his showier former boss Justin King as Sainsbury’s chief executive in 2014, just as the group’s nine year-long stretch of sales growth was coming to an end, many industry observers believed he had been handed one of the biggest turkeys in the business. The rise of discounters Aldi and Lidl forced all of the big four grocers, including Sainsbury’s, to slash profits to fund price cuts just as they had to close stores which were surplus to requirements thanks to the rise of online shopping. ...
EDF to cut gas bills but raise electricity prices image
Source : BBC [Read Article] Friday 16th of December 2016 10:34:35 AM
....About one million of EDF's customers will lose out when the company introduces the electricity rise in March. However, 700,000 consumers will gain from the gas price cuts in January. ...
Co-operative Group secures £82m windfall in sale of travel division image
Source : Guardian [Read Article] Tuesday 6th of December 2016 07:30:43 PM
....The anticipated windfall comes at a useful time for the group, which is halfway through a three-year turnaround programme after its bank came close to collapse in 2013, threatening the existence of the entire group. Pre-tax profits more than halved to £17m in the first six months of 2016 after restructuring costs and price cuts amid a competitive grocery market. ...
Supermarket shoppers can get their Christmas dinner for £20 – survey image
Source : Guardian [Read Article] Wednesday 30th of November 2016 01:00:03 AM
....The reduced cost of groceries at Aldi and Lidl was the main contributor to the fall in the overall price of the Christmas dinner shopping basket compared to 2015, according to Good Housekeeping. Food prices generally have been driven down in recent years as the big four supermarkets – Tesco, Asda, Sainbury’s and Morrisons – have reacted to the rise of German discounters Aldi and Lidl with aggressive price cutting. ...
Black Friday deals: how to make sure you really do have a bargain image
Source : Guardian [Read Article] Thursday 24th of November 2016 02:41:00 PM
.... Which? recently published research showing that out of 178 deals publicised on Black Friday in 2015, only 90 were actually cheaper than they had been before the sale day. Retailers from Currys to Amazon all mark their Black Friday deals with magnificent-sounding price cuts, but they are only really useful if you know what price they were before the sale started. ...
Mothercare slips to loss as UK sales fall image
Source : BBC [Read Article] Thursday 24th of November 2016 08:35:54 AM
....It closed six stores in the first half and has now refurbished three-fifths of its shops in a "new modern format". Mothercare said that unseasonal weather during spring and summer led to bigger price cuts in order to shift stock. ...
Aldi and Lidl hike milk and banana prices as pound's fall bites image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 06:55:10 PM
....The price move on two of the most frequently purchased items marks a step change in the battle between the fast-growing German chains and the UK’s traditional big four supermarkets. It comes as the Aldi and Lidl’s pace of growth has hit a five-year low in the face of price cuts and service improvements at their bigger rivals. ...
Mitie withdraws from healthcare as it issues second profit warning image
Source : Guardian [Read Article] Monday 21st of November 2016 09:37:09 AM
....Mitie put its healthcare division under review in September and will now look for a company to take over the business or allow its contracts to wind down. Cash-strapped local councils have been seeking price cuts from the loss-making business, McGregor-Smith said. ...
Morrisons to slash petrol price to below £1 image
Source : Guardian [Read Article] Sunday 20th of November 2016 12:39:05 PM
.... Last week the supermarket – along with Asda, Tesco, Sainsbury’s – cut fuel prices by up 3p a litre, bringing relief to drivers after several months of price hikes. The price cuts took petrol down to 110. ...
Britain’s housing crisis is so serious that it must be tackled now image
Source : Guardian [Read Article] Sunday 20th of November 2016 06:59:30 AM
....Walmart-owned Asda has just revealed its ninth consecutive quarter of declining sales as German discounters Aldi and Lidl eat its breakfast, lunch and dinner. Asda’s new boss, Sean Clarke, insists the grocer’s fortunes are on the turn as carefully targeted price cuts and a decision to put more staff in stores begins to bring back shoppers. ...
Tesco chief warns brands not to make UK shoppers pay for weak pound image
Source : Guardian [Read Article] Thursday 17th of November 2016 06:49:32 PM
....Lewis said Tesco was already seeing inflation in certain categories, singling out pork, with the currency impact being felt “commodity by commodity, product by product”. After five years of declines, Tesco has started to win back market share in the UK as shoppers respond to price cuts and investment in customer service. ...
Asda sales slump puts chain at bottom of UK supermarket league image
Source : Guardian [Read Article] Thursday 17th of November 2016 01:13:32 PM
....“We have lowered thousands of prices, improved hundreds of own brand products and invested in more hours for colleagues on the shop floor, so it’s encouraging to see more customers shopping with us in stores and online,” he said. Consumer body Which? had found Asda to have the lowest prices on branded groceries for the seventh month in a row, recognising continuing price cuts at the supermarket, Clarke said. ...
Tesco makes gains as Aldi and Lidl growth hits five-year low image
Source : Guardian [Read Article] Tuesday 15th of November 2016 12:26:45 PM
....Mike Watkins, UK head of retailer and business insight at analysis firm Nielsen, which also found that Aldi and Lidl had slipped to its slowest pace of growth since 2011, said grocers had yet to see any impact from Brexit. “Shoppers are still spending freely and we’ve seen a return of sustainable growth in the volume of items people are buying, helped by industry-wide price cuts,” he said. ...
Asda and Tesco cut up to three pence off petrol and diesel prices image
Source : Guardian [Read Article] Monday 14th of November 2016 07:32:18 PM
....Tesco and Asda have cut up to three pence a litre off fuel prices, bringing relief to drivers after several months of price hikes. Asda was the first of the supermarkets to announce a price cut, with a national cap meaning motorists will be charged no more than 110. ...
Sainsbury’s boss says suppliers should take hit over falling pound image
Source : Guardian [Read Article] Wednesday 9th of November 2016 09:08:09 AM
....6bn in the 28 weeks to 24 September, helped by growth online, the opening of 16 new convenience stores and a 1% rise in clothing sales and growth at its newly acquired Argos chain. Coupe warned that, excluding the contribution from Argos, Sainsbury’s profits for the second half of its financial year would be even lower than the first because of price cuts and cost inflation, partly resulting from wage rises for shopfloor staff. ...
Price of 20 Unilever products up by average of 5.7% since Brexit vote image
Source : Guardian [Read Article] Monday 7th of November 2016 06:01:37 AM
....Marmite was included in the basket of 20 goods but its price slipped slightly overall, by 0. 78% on average across the four chains, as a price cut at Asda offset a price increase at Morrisons. ...
M&S set to announce store closures in turnaround plan image
Source : BBC [Read Article] Friday 4th of November 2016 06:28:36 PM
.... . He outlined the first part of his strategy in May, including price cuts and promotions to help win shoppers back that were expected to dent profits in the short term. ...
Online scams and 'portal juggling': National Trading Standards lists threats image
....“Portal juggling” by estate agents is also expected to continue, it said. This involves misleading prospective homebuyers by removing and re-listing properties on property websites to make them appear brand new on the market, and to disguise any price cuts. ...
Yellow sticker hunters image
Source : BBC [Read Article] Thursday 3rd of November 2016 04:56:41 AM
.... Bakery items are discounted later. Co-op says the "majority" of price cuts take place in the early afternoon - with another two reductions allowed if the food is not sold. ...
How to avoid mobile rip-offs image
Source : Daily Express [Read Article] Wednesday 2nd of November 2016 07:57:00 AM
.... . “You are effectively paying for your handset even after it has been paid off and will not benefit from price cuts or new deals,” he says. ...
Morrisons recovery continues as sales and profits rise image
Source : BBC [Read Article] Thursday 15th of September 2016 07:32:32 AM
....The grocery sector has seen a fierce competition as the big four supermarket chains - Tesco, Sainsbury's, Asda and Morrisons - have tried to fight off the threat posed to them by the rapid growth of discount chains Aldi and Lidl. Morrisons' chief executive David Potts, who took charge of the chain in March 2015, has been attempting to revive the retailer's fortunes through measures such as price cuts and improving customer service. ...
Apple's iPhone 7 ditches traditional headphone socket image
Source : BBC [Read Article] Wednesday 7th of September 2016 06:31:47 PM
....They are available to buy from 16 September. Apple has also raised the prices of other products in the UK, including its iPads, despite the fact that the tablets have just been given price cuts in the US. ...
Record drop in food prices may not be sustained image
Source : BBC [Read Article] Monday 5th of September 2016 10:54:47 AM
....2% in July. Morrisons is the latest to announce price cuts on food, reducing the cost of 130 essential meat and poultry products by 12%. ...
Morrisons to slash food prices by up to 12% image
Source : Guardian [Read Article] Sunday 4th of September 2016 10:22:25 AM
.... The latest move comes just a month after Morrisons trimmed the price of more than 1,000 products, including toiletries and seasonal fruit and vegetables, by an average of 18%. The price cuts will be reassuring for households and the Bank of England amid worries that a weaker pound will stoke inflation by making imports more expensive. ...
Big four supermarkets report a drop in summer sales image
Source : BBC [Read Article] Tuesday 23rd of August 2016 08:23:32 AM
....Market researcher Nielsen, which has published industry data in the 12 weeks up to 13 August, found similar trends. It and Kantar noted that promotional sales had dropped, reflecting the big four supermarkets' move towards simpler pricing models and permanent price cuts. ...
Asda has worst quarterly sales drop blaming food deflation image
Source : BBC [Read Article] Thursday 18th of August 2016 12:11:18 PM
....He said that Asda seemed to have been hit harder by the arrival of discounters such as Aldi and Lidl, since low prices had always been its main selling point. "If Asda has been waiting to push the button on its latest wave of price cuts, the time must be now, especially as a more uncertain post-Brexit consumer becomes ever more price sensitive," he added. ...
Staycation BOOST as supermarkets slash petrol prices – with more to follow image
Source : Daily Express [Read Article] Monday 1st of August 2016 02:24:00 PM
....RAC fuel spokesman Simon Williams said: "A 2p a litre supermarket cut in the price of petrol and diesel from a major supermarket is of course good news for motorists, it’s just a shame it didn’t come sooner. “This price cut takes us back to a supermarket price that was last seen in early May. ...
UK property asking prices drop 0.9% since June image
Source : Guardian [Read Article] Sunday 17th of July 2016 11:01:13 PM
....On Thursday, the Bank of England said its forecasts for prices had been adjusted downwards since the vote. The bank also announced that it would not cut the base rate, but falling returns from government bonds have already led to price cuts on fixed-rate mortgages. ...
Household energy costs rise again post-Brexit image
Source : Daily Express [Read Article] Wednesday 13th of July 2016 10:58:00 AM
.... . The big energy suppliers generated plenty of anger by passing on only small price cuts when wholesale oil and gas prices crashed back in 2014 and 2015. ...
Homebase customers left to sit on their hands as bargain sofas fail to arrive image
....”. Mills is one of hundreds of customers who took advantage of a sale which offered a £100 discount on top of price cuts of up to 75%, and he is not alone in being disappointed. ...
Marks and Spencer clothing sales plunge in first quarter image
Source : BBC [Read Article] Thursday 7th of July 2016 06:35:46 AM
.... In fact they're the worst like-for-like sales in clothing and homewares for a decade. But the underlying picture is less grim, if you strip out the effects of price cuts and promotions and the clearance sale now falling into the second quarter of the year. ...
Should we be worried about house prices falling on Brexit? image
Source : Guardian [Read Article] Saturday 2nd of July 2016 06:01:01 AM
....We are about to exchange contracts on a £360,000 house in Bristol, but are worried prices will fall on Brexit. Given the uncertainty, we’re thinking of demanding a late price cut. ...
Tesco 'encouraged' by sales progress image
Source : BBC [Read Article] Thursday 23rd of June 2016 04:19:39 PM
....And earlier this month, online retailer Amazon launched its Amazon Fresh grocery delivery service in central and east London, with plans to roll the deliveries out further across the UK. Since taking over as Tesco chief in September 2014, Mr Lewis has put Tesco's focus on price cuts and putting more staff in stores in an attempt to revive the company's fortunes. ...
Asda replaces CEO with Walmart's China chief image
Source : Guardian [Read Article] Monday 13th of June 2016 11:11:27 AM
....Asda has been the main casualty of the supermarket price war as customers defect to rivals such as the German discounters Aldi and Lidl. Walmart said last month that price cuts had failed to stop sales falling for the seventh quarterly period in a row as shoppers opted to shop in rivals’ smaller shops instead of Asda’s large stores. ...
As Amazon takes on the UK grocery market, can it deliver a profit? image
Source : Guardian [Read Article] Saturday 11th of June 2016 03:00:14 PM
.... “Amazon is very good at the service side of things and deliveries. It is going to make other players pull their services up when grocery online is already not very profitable, and profits are under pressure with price cuts. ...
Promotions cut back hits Sainsbury’s sales  image
Source : Daily Express [Read Article] Sunday 5th of June 2016 12:01:00 AM
....14 billion. Chief executive Mike Coupe is dropping multi-buy deals at the UK’s second largest supermarket and replacing them with price cuts, in order to protect its profit margins. ...
Sainsbury's suffers sales decline after end of multibuy discounts image
Source : Guardian [Read Article] Wednesday 1st of June 2016 10:11:06 AM
. Sainsbury’s has suffered its biggest decline in sales in nearly a year after dropping multibuy offers in favour of price cuts. ...
Asda sales fall for seventh quarter in a row image
Source : Guardian [Read Article] Thursday 19th of May 2016 12:39:05 PM
....7% in the first three months of 2016. The supermarket chain’s American parent company, Walmart, admitted that price cuts had failed to stop customers defecting to rivals such as the discounters Aldi and Lidl. ...
Yorkshire Building Society launches cheapest two-year fixed-rate mortgage image
....The society will offer borrowers with a 35% deposit the cheapest rate on the market, subject to a £1,345 product fee. The price cut follows a small increase in the cost of short-term fixed-rate mortgages since the summer. ...
Sandwiches are toast: why we swapped sliced bread for wraps and salads image
.... According to data from market analysts Kantar Worldpanel, nearly 80 years after it first hit the shelves in this country, we’re falling out of love with the ready-wrapped loaf – sales are down by 50m units over the last 12 months, despite the fact that it has never been cheaper. Bread is often at the frontline of price cuts as retailers attempt to lure customers back with discounted basics. ...
Morrisons chief executive given £1m bonus image
Source : Guardian [Read Article] Friday 6th of May 2016 02:16:11 PM
.... But some of that increase was offset by changes to benefits – including the end of extra pay for Sundays and paid breaks. Morrisons is battling to secure its place on the high street against rising competition from discounters Aldi and Lidl and heavy price cutting by rivals Tesco and Asda. ...
UK shoppers benefiting from three years of falling prices image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 11:01:11 PM
....“While some food prices have stabilised this month, this is partly due to external factors, and will probably be short term,” said Mike Watkins, head of retailer and business insight at Nielsen. “The underlying trend in shop prices is downwards with continued price cutting by supermarkets which is driving deflation. ...
UK shoppers benefiting from three years of falling prices image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 11:01:11 PM
....“While some food prices have stabilised this month, this is partly due to external factors, and will probably be short term,” said Mike Watkins, head of retailer and business insight at Nielsen. “The underlying trend in shop prices is downwards with continued price cutting by supermarkets which is driving deflation. ...
Richard Desmond's firm in £25m loss after price cuts and digital investment image
. Richard Desmond’s Northern & Shell fell to a £25m loss last year after embarking on costly tabloid price cuts and boosting investment in digital publishing. ...
Tesco turning tanker around, says Dave Lewis image
Source : Daily Express [Read Article] Thursday 14th of April 2016 12:01:00 AM
....The pace of declining sales slowed significantly in the second half and UK like-for-like takings were up 0. 9 per cent in the fourth quarter as shoppers returned in increasing numbers to buy more goods after it invested in price cuts and service improvements. ...
Tesco shares DIVE after boss admits food price cuts will dent profits image
Source : Daily Express [Read Article] Wednesday 13th of April 2016 10:42:00 AM
....Investors quickly dumped stocks after the grocer released details of its full year results today, pulling Tesco's share price down by five per cent. The chain is still suffering large pressure from discounters Lidl and Aldi and revealed investment in price cuts would hurt performance for shareholders. ...
Wholesale energy costs at ten-year low image
Source : BBC [Read Article] Wednesday 13th of April 2016 08:45:22 AM
....Ann Robinson, a director of Uswitch, called for bills to be reduced further. She said that consumers had been "short-changed by token gesture price cuts". ...
Tesco shares hit by warning on outlook image
Source : BBC [Read Article] Wednesday 13th of April 2016 06:21:45 AM
....The market remains "challenging, deflationary and uncertain," he added. He said that continued price cuts, needed to remain competitive, would slow its profit improvement "particularly in the first half". ...
City news: Tesco, Co-op, Asos and Costa coffee image
Source : Daily Express [Read Article] Wednesday 13th of April 2016 12:01:00 AM
....The mutual said sales at established convenience stores rose by 3. 8 per cent last year – over twice the rate of growth in its overall food business – as its investment in refitting and price cuts reaps rewards from consumers buying less but more often. ...
Tesco starts sell-off ahead of results image
Source : BBC [Read Article] Tuesday 12th of April 2016 07:15:16 AM
.... . Mr Lewis has focused on price cuts and putting more staff in stores in an attempt to revive sales. ...
Tesco results: analysts expect strong start to the year image
Source : Guardian [Read Article] Sunday 10th of April 2016 11:01:01 PM
....Related: Tesco's fictional farms: a marketing strategy past its sell-by date?. Recent data from market analysts at Kantar Worldpanel also indicated Tesco had halved the pace of its sales decline as price cuts helped stem the loss of customers. ...
City News: Co-op, ASOS, Flybe, Sainsbury's image
Source : Daily Express [Read Article] Thursday 7th of April 2016 08:19:00 PM
.... Shares fell 5½p to 58½p. SAINSBURY’S is shelving its Brand Match scheme so it can step up price cuts on everyday products. ...
Co-op chief's trumpeted 60% pay cut does not complete until 2017 image
Source : Guardian [Read Article] Thursday 7th of April 2016 08:10:41 PM
.... Underlying sales, which strip out the impact of openings and closures, rose 1. 6% as the company said shoppers were welcoming £155m of price cuts and improvements in own-label products. ...
M&S boss out to arrest slide image
Source : Daily Express [Read Article] Thursday 7th of April 2016 08:02:00 PM
....Rowe, who took over from Marc Bolland last weekend, has made his “number one priority” a revival of the general merchandise business he has run since last July. He will retain direct control of the division, having introduced measures such as price cuts of 10-15 per cent on more than 300 lines of menswear and womenswear. ...
Co-op boss takes a 60% cut in his pay package image
Source : Guardian [Read Article] Thursday 7th of April 2016 10:04:27 AM
....Underlying sales, which strip out the impact of openings and closures, rose 1. 6% as the company said shoppers were welcoming price cuts and improvements in own-label products. ...
Tesco targets soaring sales despite fierce competition from Lidl and Aldi image
Source : Daily Express [Read Article] Wednesday 6th of April 2016 12:01:00 AM
. The drop in takings at the UK’s biggest supermarket slowed for the fourth straight month, according to analyst Kantar Worldpanel, in a boost to the turnaround strategy of chief executive Dave Lewis, pictured, including price cuts and improved customer service. ...
UK shoppers gain as prices fall again in March image
Source : Guardian [Read Article] Tuesday 5th of April 2016 11:01:21 PM
.... Ambient food prices rose, driven higher by bread, cereals and alcohol. Mike Watkins, head of retail and business insight at Nielsen, said: “Shoppers are still making changes to how they spend to stay within their household budget and looking out for price cuts and promotions is one of the ways to save money. ...
Early Easter sweetens sales at Co-op and supermarket rivals image
Source : Guardian [Read Article] Tuesday 5th of April 2016 11:11:09 AM
....3% in the month to 26 March – after six periods of declines. But the value of sales during the two-week Easter trading period were down 2% compared to last year as a result of price cuts. ...
Aldi cranks up the pressure on the big four supermarkets image
Source : Guardian [Read Article] Saturday 2nd of April 2016 11:00:01 AM
....”. Maintaining that price position has hit Aldi’s already slim profit margins, but Barnes says profits were strong last year, with the cost of price cuts offset by increased sales and tight control of central costs. ...
Argos owner Home Retail backs Sainsbury's £1.4bn takeover bid image
Source : Guardian [Read Article] Friday 1st of April 2016 07:21:22 AM
....He said: “Sainsbury’s has recognised that now is not the time to stand still. It sees the value in having a variety of locations and methods of selling food, clothing and homeware and understands that price cutting alone isn’t the way to attract consumers or cultivate loyalty. ...
BT hits back in fibre optic row image
Source : Daily Express [Read Article] Wednesday 23rd of March 2016 12:01:00 AM
....But it said laying new high-speed lines can be complex and the need for street works mean delays are often beyond its control. A BT statement said: “The required price cuts will not help to underpin service improvement. ...
BT must install business broadband more quickly, Ofcom says image
Source : Guardian [Read Article] Tuesday 22nd of March 2016 08:04:32 AM
....BT said it accepted that “there is more to do on service” but argued that “ethernet provision can be complex and the need for street works and wayleaves [consent to work on private land]mean delays are often beyond our control”. “We are doing all we can to overcome such challenges,” it insisted, but noted that the price cuts would not help to underpin service improvement. ...

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