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This week, it is expected that Sainsbury’s will admit that a slowdown is being experienced by is organization as the economic downturn affecting High Street is also taking a toll on its business. It has been predicted by some analysts that the recent sales growth experienced Sainsbury’s will be affected as shoppers throughout the nation [...]
(Read More)18th Mar 11
Ocado poaches Tesco director
by Adam Richards
Ocado, the online grocer’s, has poached Teso’s Simon Belsham to help develop its non-food ranges. Belsham, formerly Tesco’s multichannel development director, is to put together a new-product team in line with Ocado’s new expansion plans, due to take effect in early 2012. Ocado’s chief executive, Tim Steiner, said that his company was entering its next [...]
(Read More)17th Mar 11
Five per cent tax rise for the poor says Tesco
by Katie Naylor
Tesco’s boss has said that the increase in taxes, fuel and utilities represents a ‘real challenge’ for his customers. Richard Brasher, Tesco’s UK chief executive, has reported that the ‘inexorable rise of fuel prices’ and other household costs equates to a five per cent increase in income tax for his poorer patrons. The rise is [...]
(Read More)15th Mar 11
Tesco security worker awarded damages
by Katie Naylor
A Tesco security worker has been awarded €13,500 in damages. The damages came after the man was trapped in an in-store lift. The security worker was one of seven employees who were trapped in the lift inside the Tesco store. The workers were trapped for approximately an hour. The man has been awarded the damages [...]
(Read More)15th Mar 11
Watchdog to investigate arrest of student fee demonstrator
by Natasha Redman
A police officer is being investigated for allegedly abusing his position and conspiring with colleagues to arrest a demonstrator who was protesting against the hike in student fees. The incident occurred last December in Parliament Square. The investigation by the Independent Police Complaints Commission will also be looking at how the 20-year-old received a broken [...]
(Read More)15th Mar 11
Supermarkets sign up to government health initiative
by Sally Davies
A number of leading supermarkets have signed up to a controversial plan by the government to improve public health. The retailers have agreed to increase awareness of how many units of alcohol are contained in specific drinks as well as providing cash for programmes set up to tackle the problems associated with alcohol abuse. Andrew [...]
(Read More)9th Mar 11
Tesco refuses to give government their data
by Harry Oldfield
Tesco is refusing to hand over its Clubcard data after the government has requested all UK companies part with their customer information in order to help put together the national census. The 2011 census, taking place on 27 March, is estimated to cost as much as £500m. Information contained within it will be used for [...]
(Read More)7th Mar 11
Morrisons holds on to market share
by Paul Russell
Despite heavy competition in the supermarket sector, Morrisons, currently the country’s fourth largest grocer is expected to announce growth in pre-tax profits later in the week. Analysts are predicting that profits for the full-year to the end of January will have increased from £767 million to £861 million, a rise of 12 per cent. Although [...]
(Read More)4th Mar 11
Tesco continue with Fresh & Easy
by Katie Naylor
The American supermarket Fresh & Easy owned by Tesco, has received a boost by having another store opened in San Francisco. At present the chain is losing money. This is not the only store. In the next few weeks, Tesco plan to open a further twelve shops, making 300 new jobs available in the process. [...]
(Read More)3rd Mar 11
Dementia cases on the rise
by Paul Russell
It is predicted that within the next 10 years the UK will have more than a million patients suffering from dementia. However, more than half will not be diagnosed. This will mean that many sufferers of diseases such as Alzheimer’s will be left to deal with the debilitating symptoms by themselves. A recent study commissioned [...]
(Read More)