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25 июня, 16:47

Supermarket watchdog's oversight may extend to Amazon and Boots

Grocery Code Adjudicator hopes to win new powers after complaints from suppliersThe grocery industry watchdog is hoping to win new powers to oversee Amazon and Boots after receiving numerous complaints about their treatment of suppliers.Christine Tacon, the Grocery Code Adjudicator (GCA), already oversees 10 retailers including the big four supermarkets – Tesco, Sainsbury’s, Asda and Morrisons – and has the power to issue multi-million pound fines if suppliers are treated poorly. Continue reading...

12 июня, 20:13

Cut out meat, pets and kids to save the Earth | Letters

Readers react to George Monbiot’s article on dropping meat and dairy, news about Sainsbury’s selling vegan ‘fake meats’ , and a report on meat being found in vegan and vegetarian mealsAlongside George Monbiot’s suggestion (Want to save the planet? Drop meat and dairy, 8 June), another way to reduce greenhouse gases is to stop keeping pets. It’s been calculated that an average dog has an ecological footprint twice as large as that of a large car.Like meat-eating, pet ownership is nowadays encouraged by a vast industry; the pet insurance sector alone is said to generate more of Britain’s GDP than fishing does. The production of pet food, provision of veterinary services and breeding the creatures are big businesses, all with an interest in promoting the alleged benefits of owning a furry friend. Continue reading...

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11 июня, 02:01

Sainsbury's to sell vegan 'fake meats' next to real thing in trial

Exclusive: Supermarket targets UK’s estimated 22m ‘flexitarians’ with vegan-friendly rangeBritish shoppers will soon be able to find “fake” meats – including burgers that ooze lookalike “blood” when cut open – in the chiller section alongside real meats, as Sainsbury’s announced its new vegan-friendly range would go on sale this month.As more people drop meat from their diet, shops are catering to consumers’ changing eating habits. Sainsbury’s is hoping to capitalise not only on the burgeoning vegan market but also the UK’s estimated 22 million “flexitarians”, who enjoy meat but want to reduce their meat consumption. Continue reading...

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09 июня, 02:05

Watchdog examines claims meat was found in vegan ready meals

Investigation launched by the Food Standards Agency into leading supermarket productsThe food watchdog is investigating claims meat was found in ready meals advertised in major supermarkets as suitable for vegans and vegetarians.The Food Standards Agency (FSA) made the move on Friday after a newspaper report alleged that traces of pork were found in Sainsbury’s own brand “meat-free” meatballs, and traces of turkey were detected in a Tesco macaroni ready meal, which is part of the supermarket’s new vegan foods line. Continue reading...

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08 июня, 18:54

Sainsbury's chief 'in the money' with £3.4m pay package

Mike Coupe’s annual wage rose by more than £1m last year as 9,000 shop staff face pay cutThe chief executive of Sainsbury’s is “in the money”, having earned nearly £3.4m in the past year – up 45% on the previous year – as a result of a big cash bonus and incentive scheme payouts.Mike Coupe was widely mocked in April when he was filmed singing one of the best known songs from the musical 42nd Street. An accomplished musician, he was caught off-guard singing while waiting to be interviewed on ITV about a planned merger with Asda. Continue reading...

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01 июня, 13:43

Asda profits fell by 10% last year after price cuts

Retailer blames investment in lowering prices as it fought back against Aldi and LidlAsda, the supermarket chain being taken over by larger rival Sainsbury’s, has revealed a 10% slump in annual profits for 2017.The supermarket blamed price cuts and an overhaul of its own-brand products for the decline in pre-tax profits as its regrouped to fight back against the discounters Aldi and Lidl. Continue reading...

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31 мая, 18:08

No wonder people on benefits live in fear. Supermarkets spy on them now | Jay Watts

It’s bad enough that we demonise the poor and disabled – now they can’t even leave their homes or use social media in peaceUntil a few years ago, if a patient with a diagnosis of paranoid schizophrenia told you that they were being watched by the Department for Work and Pensions (DWP), most mental health practitioners would presume this to be a sign of illness. This is not the case today. The level of scrutiny all benefits claimants feel under is so brutalthat it is no surprise that supermarket giant Sainsbury’s has a policy to share CCTV “where we are asked to do so by a public or regulatory authority such as the police or the Department for Work and Pensions”. Gym memberships, airport footage and surveillance video from public buildings are now used to build cases against claimants, with posts from social media used to suggest people are lying about their disabilities. More and more private companies are being asked to send in footage. The atmosphere is one of pervasive suspicion, fuelled by TV programmes such as Benefits Street and successive governments’ mentality of “strivers v skivers”. Continue reading...

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30 мая, 13:09

Royal wedding and FA Cup boost UK supermarket sales

Shoppers spent £415m on the Friday before the Duke and Duchess of Sussex marriedSunny weather, the royal wedding and the FA Cup sparked bumper sales of burgers, sun cream and non-alcoholic beer, with shoppers splashing out £415m on the Friday before the Duke and Duchess of Sussex tied the knot and Chelsea beat Manchester United.The grocery market rose by 2.7% in the three months to 20 May, up from 2% reported a month ago, according to Kantar Worldpanel. Continue reading...

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25 мая, 09:00

Sainsbury’s Bank and Santander pass the buck when I fall victim to ID fraud

The fraudulent loan is still showing on my credit record months later and neither bank seems botheredLast year I was the victim of identity fraud. When checking my credit report, I discovered a current account at Santander I had not applied for. The fraudster had taken out a loan from Sainsbury’s Bank for £11,420 and paid it into the Santander account. Sainsbury’s was informed and it raised an indemnity against Santander to recover the money, but told me my credit file would not be corrected until this was done. Continue reading...

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14 мая, 08:01

Morrisons offers boost to 'honesty' fridge network

Supermarket’s £45,000 funding will double number of fridges distributing food to communitiesA fledgling UK network of community or “honesty” fridges, which offer free food to those with limited means, is set to double in size in six months, thanks to funding from a major supermarket.The Community Fridge Network, run by environmental charity Hubbub, is to receive £45,000 from Morrisons, it will be announced this week, allowing it to increase the total of 31 fridges to 58 by November. Continue reading...

Выбор редакции
07 мая, 18:46

Sainsbury's-Asda deal risks environmental harm, say campaigners

Regulators told shortcuts may be taken as pressure grows on producers from price cutsThe proposed merger of Sainsbury’s and Asda puts too much power in the hands of large retailers and will have a damaging impact on the environment, regulators have been warned.Food campaigners, environmentalists and farmers’ leaders are claiming the proposed deal, and the accompanying promise to further drive down prices, will put more pressure on producers, many of which may be forced to cut corners on environmental safeguards and shelve green initiatives. Continue reading...

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06 мая, 18:08

Rotten results: Sainsbury's drops project to halve food waste

Residents in Derbyshire pilot town cut waste by only 9% despite free gadgets and toolsSainsbury’s has abandoned a £10m project to halve food waste in a designated town across Britain after a year-long trial produced miserable results.The supermarket group gave families in one town, Swadlincote in south Derbyshire, free gadgets to cut food waste – such as devices to measure the correct amount of spaghetti to cook, “smart” fridges to control content and temperatures more accurately, food planners and magnetic shopping lists – and monitored the results. Continue reading...

Выбор редакции
06 мая, 16:31

Sainsbury's-Asda merger could lead to 'monopoly' towns in UK

MPs call on regulator to protect communities in Torquay, Brighton, Paignton, Lancaster and KirkcaldyTorquay, Paignton, Lancaster, Brighton and Kirkcaldy could become Sainsbury’s “monopoly” towns if its planned merger with Asda goes ahead, prompting MPs to demand action to protect local communities.The proposed merger of the two supermarket chains will leave little or no major supermarket competition in the towns, opening the possibility of a local monopoly and a headache for competition authorities, which could order a sell-off but find no buyers. Continue reading...

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03 мая, 15:51

Asda-Sainsbury's merger: MPs fear squeeze on suppliers

Politicians call for watchdog to gauge affects of deal, saying it should not hurt suppliersMPs from two parliamentary committees have called on the competition regulator to examine how the merger of Sainsbury’s and Asda will affect suppliers.The merger of the UK’s second- and third-largest supermarket chains could hand them control of about 30% of the grocery sales, a similar level to Tesco, meaning two businesses would account for 60% of the market in future. Continue reading...

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02 мая, 10:25

MPs slam TSB boss's complacency over IT fiasco - business live

TSB chief executive Paul Pester criticised by Treasury committee over the collapse of its banking servicesPester accused of ‘staggering’ attitude to IT fiascoTSB cannot say when crisis will be overPester to give up integration bonusTSB has had 40,000 complaintsSession highlights start hereEarlier:TSB hires law firm Slaughter and May to investigate IT chaosInsiders blame rushed testing and poor management 4.41pm BST Nicky Morgan wraps up the session by telling TSB that the committee expects customers to be properly compensated -- including finding a replacement car for Simon Clarke’s constituent.She also declares that the committee expects to see the full Slaughter and May report into what went wrong.At the end of the day, this is a bank for whom many customers feel you are not saying “yes”...but making it as difficult as possible to get hold of the money to pay bills and putting them in an impossible financial situation. 4.31pm BST Q: With hindsight, would you do the migration again?CEO Paul Pester says he would not!If I had a time machine, I would take myself back to one minute before one o’clock in the afternoon and change the decision.If there was one decision in my life I could change, it’s the decision to go ahead with the migration on 1pm on Sunday afternoonOf course I would change it. Continue reading...

Выбор редакции
01 мая, 21:23

CMA must step up to plate served by Asda-Sainsbury's merger | Nils Pratley

Merged behemoth will have 60% market share – cheering for shareholders, less so for shoppersHow are the share prices of Tesco and little ol’ Morrisons doing as a bigger and fiercer supermarket creation – the two-headed Sainsbury’s/Asda beast – comes into view? Are they collapsing as investors prepare for keener price competition? Are executives also trembling in fear of their bonuses as Sainsbury’s boss Mike Coupe vows to unleash 10% price cuts?Hardly. While Sainsbury’s market value has improved by 16% since Monday morning, investors in Tesco and Morrisons have not recoiled in horror. Share prices in both firms have barely budged. Continue reading...

Выбор редакции
01 мая, 17:54

Sainsbury’s CEO is singing – but ordinary people will pay the price | Stefan Stern

The supermarket’s merger with Asda is just one of a flurry of deals that will have costs for staff, suppliers and taxpayersYou only sing when you’re winning. That is one explanation for the unguarded moment when Sainsbury’s chief executive, Mike Coupe, started trotting out the words to We’re In the Money while waiting for his next interview on the proposed £12bn Asda deal to begin. “To attach any wider meaning to this innocent, personal moment is preposterous,” a spokesman for Sainsbury’s said. Who could resist a challenge like that?Coupe was bound to be feeling perky. The stock market had responded enthusiastically to his news, with Sainsbury’s share price rising 15%. But mega-mergers like these are not usually such good news for a lot of staff. The Competition and Markets Authority, if it allows the deal to go ahead, is likely to insist that many stores are sold to other businesses – who may feel no obligation to keep them open. Continue reading...

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01 мая, 11:59

Sainsbury’s growth lags behind major rivals as it lines up Asda merger

Tesco and Morrisons turn in strong performances, putting pressure on London-based chainSainsbury’s planned £7.3bn takeover of Asda comes as the London-based supermarket continues to be outgunned by its three major rivals, according to the latest sales figures.Sainsbury’s sales rose by just 0.2% in the 12 weeks to 22 April, its slowest pace of growth for more than a year. Continue reading...

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30 апреля, 21:35

Sainsbury's chief sings 'We're in the Money' after Asda merger

Mike Coupe filmed singing song from 42nd Street while waiting for interview with ITV about dealThe chief executive of Sainsbury’s has been filmed singing “We’re in the Money” on the same day he announced a blockbuster merger with Asda.Waiting to be interviewed by ITV, Mike Coupe started warbling one of the best-known songs from the musical 42nd Street. In the clip released by the broadcaster, he is shown singing: “We’re in the money, the sky is sunny. Let’s lend it, spend it, send it rolling along.” Continue reading...

Выбор редакции
30 апреля, 21:30

Sainsbury's and Asda should not sing too soon

The merger needs regulatory approval and the gamble will rebound if the CMA plays roughSainsbury’s shares rose 15% on the idea of combining with Asda. One can see why. The chief executive, Mike Coupe – who was yesterday captured on camera by ITV singing “We’re in the money” – is promising a £500m-a-year boost to profits. Tesco would be knocked off its top perch. And Walmart, after a bruising few years in the UK, is selling Asda on loser’s terms – the Americans have even agreed to tow away Asda’s pension fund. Fine – but don’t sing too soon. This deal needs regulatory approval and then has to be made to work. There are reasons to be sceptical.First, Coupe’s view of how the Competition and Markets Authority will view his “historic” reshaping of the UK grocery market sounded optimistic. He said the CMA applies “a higher level of sophistication” these days than the “blunt fascia test” that prevailed in 2003 when Tesco, Asda and Sainsbury’s were barred from buying Safeway. Does it really? Continue reading...