Friday, 17 November, 2017

Supermarket prices rise at fastest rate in four years

A shopper checks her shopping list in a supermarket in London Britain TOP NEWS: Price Rises Keep UK Supermarkets Buoyant As Christmas Begins
Conrad Doyle | 14 November, 2017, 19:51

Sainsbury's is the fastest growing of the "big 4" supermarkets.

The average shop is now costing GBP18.26, meaning consumers are now paying an extra 62 pence each visit, adding GBP143.70 to the typical family's grocery bill.

The latest Kantar Worldpanel market share figures have found that Lidl is now the fastest growing United Kingdom supermarket for the fifth consecutive period in a row, with sales rising 15.1%.

"The British public is only just getting started when it comes to Christmas shopping", Fraser said, "and is expected to shell out a whopping £28.7 billion at the grocers in the final 12 weeks of 2017". Prices are rising fastest in markets such as butter, fish and cola and are falling in only a few markets, including crisps and fresh poultry.

Tesco welcomed 76% of British households during the past 12 weeks, growing sales by 2.3% as its market share dipped to 28%, down 0.2 percentage points on last year, while Morrisons saw sales increase by 2.1% accompanied by a marginal fall in share from 10.5% last year to 10.4% during the latest quarter.

Lidl is the country's fastest growing supermarket for the fifth consecutive period with sales up 15% year on year.

"Alcohol sales have ramped up too, increasing by 5.3% year-on-year as shoppers parted with an extra GBP142.00 million on their favourite tipples".

Waitrose held market share steady year on year at 5.3 per cent, seeing sales growth across the board: from convenience stores, larger supermarkets and online.

Sainsbury's share price has been steady in today's session, having added 0.18 percent to 227.70p as of 13:38 GMT, in line with the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.16 percent higher at 7,427.20 points.

On currency markets, the pound was flat against the dollar at $1.3115, but fell against the euro, however, down 0.33% at €1.1205.

Tesco saw sales growth of 2.3 per cent as its market share dipped to 28.0 per cent, down 0.2 percentage points on previous year. The group's shares have lost more than three percent of their value over the past year, and are down by some eight percent in the year-to-date. The news follows the grocer's interims earlier this month, which revealed that its profits had fallen in the first half of its financial year.

Elsewhere in the Big 4 Asda enjoyed its eighth period of sales growth jumping 1.5 per cent driven by an 88 per cent sales boost in its budget Farm Stores range.

United Kingdom grocery sales reportedly increased 3.1 per cent year-on-year, and 1.7 per cent excluding discounters.

Recommended

  • Bangladesh oust India from Under-19 Asia Cup

    Bangladesh oust India from Under-19 Asia Cup

    After the defeat, India are out of the tournament and now Nepal and Bangladesh, from Group A, qualified for the semi-finals. Bangladesh openers Pinak Ghosh and Mohammad Naim Sheikh sealed the match with their opening partnership of 82 runs.
    Buffalo Wild Wings Gets $2.3 Billion-Plus Buyout Bid From Roark Capital

    Buffalo Wild Wings Gets $2.3 Billion-Plus Buyout Bid From Roark Capital

    It has underperformed by 5.50% the S&P500.The move comes after 8 months positive chart setup for the $2.27B company. Alpine Associates Management Inc increased Time Warner Inc (TWX) stake by 2003.27% reported in 2017Q2 SEC filing.

    This is what analysts have to say about Extra Space Storage, Inc

    The Firm owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The stock rose 0.54% or $0.62 reaching $114.76. (NYSE:EXR) earned "Hold" rating by Cantor Fitzgerald on Wednesday, November 1.
  • Suspect killed in police-involved shooting in the Bronx identified

    Suspect killed in police-involved shooting in the Bronx identified

    Cornell Lockhart, left, is accused of using this knife to stab two women in the Bronx on November 13, 2017. The officers were wearing body cams and that footage will be included as part of the investigation.
    Beyonce's twins Sir and Rumi seen for the first time in public

    Beyonce's twins Sir and Rumi seen for the first time in public

    It certainly rings true as their eldest child Blue Ivy was seen having a ball, enjoyed the adventure with her family on board. Queen B looked insane in love as she doted on Sir as Tina, every inch the proud gran, held Rumi in her arms.
    Senate approves Buhari's $5.5bn loan request

    Senate approves Buhari's $5.5bn loan request

    The government intends to spend money on infrastructure projects to diversify the OPEC member's oil-dependent economy. Senate leader Ahmed Lawan said the loan will make a huge difference in the economy, if properly utilised.
  • Ronald Darby Practices With First Team; Eyes Return At Dallas

    Ronald Darby Practices With First Team; Eyes Return At Dallas

    Ellerbe said his ankle hasn't been an issue since training camp and felt his workout with the Eagles two weeks earlier went well. Cowboys fans better hope they can fix that problem, because it looks like they'll be without him for the next few games.

    Brokers Offer Predictions for Ctrip.com International, Ltd.'s FY2018 Earnings (CTRP)

    Jabre Capital Partners Sa increased Twitter Inc (NYSE:TWTR) stake by 50,000 shares to 730,000 valued at $13.05M in 2017Q2. The company was upgraded on Friday, February 19 by CLSA. (NASDAQ:QCOM) on Wednesday, November 1 with "Hold" rating.
    Chipotle Mexican Grill (CMG) Position Decreased by Td Asset Management Inc

    Chipotle Mexican Grill (CMG) Position Decreased by Td Asset Management Inc

    The last close places the company's stock about $1.82 off its 52 week high of $43.55 and $16.23 above the 52 week low of $25.5. Generation's stake was worth $169.7 million at the time of purchase. (NASDAQ:ELGX) to report earnings on February, 28.
  • Nigeria vs Argentina Live Tuesday @ 5:30pm

    Nigeria vs Argentina Live Tuesday @ 5:30pm

    Of that group, Musa and Uche stand out as the only two to have scored a brace, and Musa scored his at the World Cup. Like Clemens Westerhof before him, Gernot Rohr came into Nigeria under-promising, but has seemingly over-delivered.
    NAB reference: Accountability court issues non-bailable arrest warrant for Ishaq Dar

    NAB reference: Accountability court issues non-bailable arrest warrant for Ishaq Dar

    The assets are disproportionate to his known sources of income for which he could not reasonably account for, the reference said. The court also recorded the statements of NAB investigation officers in three references against sons of former prime minister.
    Clubbing corruption references: Nawaz challenges NAB court's verdict in IHC

    Clubbing corruption references: Nawaz challenges NAB court's verdict in IHC

    Later, the court ordered the Securities and Exchange Commission of Pakistan (SECP) to freeze the assets of Hasan and Hussain. Investigation officers of NAB recorded their statement and gave details of four bank accounts in the name of Hussain Nawaz.

Charles steps up under Queen's gaze to lay Cenotaph wreath Charles steps up under Queen's gaze to lay Cenotaph wreath The army forbids soldiers and officers from having facial hair, unless they have specific religious or skin-related reasons for doing so.

Russian Federation accuses U.S. of providing cover for the 'Islamic State' militia Russian Federation  accuses U.S.  of providing cover for the 'Islamic State' militia The flags used by Syrian Democratic Forces units found in Abu Kamal confirm that, the Russian Defense Ministry noted. The retreating IS fighters were equipped with "military vehicles and heavy weapons", they added.

Two energy companies investigated for contracts with Puerto Rico Two energy companies investigated for contracts with Puerto Rico There were no bids that competed with Whitefish, a small company whose office is in the hometown of Energy Secretary Ryan Zinke . Linemen from Lakeland were paid $63 an hour, while workers from Jacksonville earned up to $100 in double time .

Letterman, Colbert, and More Roast Kimmel with Mean Tweets on His Birthday Letterman, Colbert, and More Roast Kimmel with Mean Tweets on His Birthday Don't worry - the four-and-a-half hours is actually closer to four-and-a-half minutes, which we've included below for your convenience.

Australia's Kurtley Beale in trunks call with Prince William Australia's Kurtley Beale in trunks call with Prince William Even basketball star Shaquille O'Neal took notice, hilariously photoshopping himself in the photo share it with his own followers. Kurtley Beale has taken the crown when it comes to royal social media snaps, after posting this gem with Prince William .

Research Ratings: The Southern Company (SO), Lam Research Corporation (LRCX) Finally, JPMorgan Chase & Co. reissued a buy rating on shares of Lam Research Corp.in a research report on Thursday, October 6th. The firm has "Hold" rating by BMO Capital Markets given on Monday, June 26. (NYSE:PII) on Wednesday, June 29 with "Buy" rating .

Vidya Balan asked if she will lose weight for 'glamorous' roles Vidya Balan asked if she will lose weight for 'glamorous' roles Vidya Balan , who recently shot a video titled Taboo , feels that it is time to "re-look" at the attitude towards sex. But that hasn't deterred her from experimenting with different roles, and her next film Tumhari Sulu is no different.

Stocks for Your Case: Ambev SA (ABEV), Valeant Pharmaceuticals International, Inc. (VRX) Ameriprise Financial Inc. raised its position in shares of Valeant Pharmaceuticals International by 31.3% in the first quarter. The average twelve-month price target among analysts that have issued a report on the stock in the previous year is C$22.50.

Judgement reserved in Imran Khan's disqualification case Judgement reserved in Imran Khan's disqualification case During the hearing, Justice Saqib Nisar asked if hiding assets in the nomination paper was a mistake or deliberate lying. Earlier, it was observed by CJP that PTI Chairperson Imran Khan declared his London flat but not the offshore company.

Credit Suisse Charged by New York State Department Credit Suisse Charged by New York State Department The bank confirmed the fine, as well as its willingness to pay it, in a statement released late Monday evening. The probe is still ongoing in relation to other banks, according to a person familiar with the matter.

China Posts Moderate Economy Growth China Posts Moderate Economy Growth Gross domestic product grew 6.8 percent in the third quarter, a touch slower than the 6.9 percent pace in the first two quarters. Economic growth is within a reasonable range, Liu Aihua, a spokeswoman at NBS, told reporters.

Cohen & Steers Global Realty Majors ETF (GRI) Rises 0.06% for Nov 12 Columbia Partners L L C Investment Management purchased a new stake in Cohen & Steers in the 2nd quarter valued at about $417,000. The company reported $0.51 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.51.

Davido lambastes AFRIMA organisers, says their award peels Davido lambastes AFRIMA organisers, says their award peels The DMW Boss, has joined 2Baba and D'banj as the only African Artists to win both Best African Act awards at the BET Awards and MTV #EMAs.

Israel Raises Alert Level Amid Tensions With Islamic Jihad Israel Raises Alert Level Amid Tensions With Islamic Jihad The IDF estimates that the Islamic Jihad is planning an attack on the Jewish State following the IDF's demolition of a Gaza terror tunnel some two weeks ago.

Pat McGrath Partners with Maggie Lindemann and Spotify Pat McGrath Partners with Maggie Lindemann and Spotify The rising star, pictured above, is a new McGrath muse and is releasing a new single, "Obsessed", timed with the campaign launch. All users need to do is head over to Lindemann's artist page, and scroll down to her Merchbar to find what's on offer.