Top stories in the papers this week 02 – 08 October 2012
Tesco records first fall in profit in 20 years; Londis launches phase II of chilled programme; Thousands of farmers expected at 'day of action'
Print8 October 2012
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2. Tesco records first fall in profit in 20 years
Tesco has reported a fall in group profits, with a return to sales growth in the UK being overshadowed by a downturn in Asia and Europe. The Irish Independent reports the UK’s biggest grocer recorded a 12% decline in group pre-tax profits to £1.7 billion (€2.2bn) in the six months to August 25 – its first profits fall in nearly 20 years – attributed to "unprecedented external pressures". Meanwhile, like-for-like sales in Ireland rose 0.2% in the first half of the year.
3. Londis launches phase II of chilled programme
Building on the success of its centralised chilled distribution facility, ADM Londis plc has now announced the roll out of Phase II of its chilled programme. ShelfLife reports that with the addition of over 400 product lines as part of Phase II, the chilled offering from Londis will grow to approximately 1,200 products. Phase II will also result in the availability of Nisa Today’s chilled private label range to the full Londis estate on a weekly basis.
4. Thousands of farmers expected at ‘day of action’
Thousands of farmers are expected in Dublin tomorrow for an IFA-organised protest to highlight their concerns over the future of family farming. The Irish Times reports traffic disruption is expected in the Merrion Square and St Stephen’s Green area and diversions will be place. As well as protesting against Common Agriculture Policy (Cap) proposals, the ‘day of action’ will also focus on the "excessive" margin being taken by supermarket chains.
5. McEvoy Family Foods exits examinership
McEvoy Family Foods Ltd has exited examinership following an investment of €420,000 in the business by Glanbia Consumer Foods. ShelfLife reports the company is now a subsidiary of Glanbia Consumer Foods, but will continue to trade under its existing name, with Gary and Jane McEvoy continuing to run the company. Gary McEvoy will continue to lead the business, while Jane McEvoy will focus on developing a new brand of children’s foods, Harry’s Little World.
6. Border-hopping shoppers better off in the South
Tobacco, petrol and car diesel are cheaper in the Republic than north of the Border, the Irish Independent reports. Many items of alcohol are also better value in the Republic – for the first time in years. The results of a new price-comparison survey, carried out by the Revenue Commissioners, suggests that this Christmas, northern shoppers may be heading south for bargains in certain items of drink, all cigarettes and cheaper petrol and diesel.
Also:
Tesco says UK sales improving (Irish Times)
Threat to regional retail centres (Irish Examiner)
Recycling up 650% over 15 years (Irish Times)
Cash is king as consumers save rather than spend (Irish Independent)
Sainsbury sales are boosted by Paralympic backing (Belfast Telegraph)
Too little too late to reform inequalities in grocery sector (Irish Examiner)
‘Day of action’ will call for full CAP budget (Irish Examiner)
Sainsbury’s beats second quarter sales forecasts (RTE News)
Commercialisation can boost landlords income by up to 10% (Irish Independent)
Consumer confidence dives as Budget fears grow (Irish Independent)
Crisp company wins Fingal recognition (Irish Times)
Siteserv’s CFO Niall Devereux moves to petrol retailer (Irish Times)
Marketeers get all loved up to win customer affection (Irish Times)
Impose ban on imports from Israeli settlements (Irish Times)
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