Top stories in the papers this week 16 – 22 October 2012

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Revenue rules ‘threaten rural fuel retailers'; Dealz to open 10 new stores in Ireland; Musgrave MarketPlace invests €2 million in new Waterford cash and carry site

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22 October 2012

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1. Revenue rules ‘threaten rural fuel retailers’

Rural fuel retailers are being forced out of business by a range of stringent new licenses being introduced by Revenue to clamp down on illegal fuel. The CSNA has warned that 300 of its members will be pushed to the brink by the introduction of the new marked fuel traders licence and auto-fuel traders licence which will cost €250 each. The Irish Examiner reports fuel retailers will also be required to submit a mandatory monthly online return of oil movements.

2. Dealz to open 10 new stores in Ireland

Discount retailer Dealz will open 10 new stores across Ireland, creating 300 jobs. The company, which began trading in Ireland a year ago, said it would mean an investment of close to €3 million in the economy. The Irish Times reports the stores will be opened in the group’s next financial year, which begins in April. Dealz has already opened 20 stores in the Republic, with the last one in Midleton, Co Cork, creating 30 jobs.

3. Musgrave MarketPlace invests €2 million in new Waterford cash and carry site

Musgrave Wholesale Partners has opened a MarketPlace cash and carry outlet at a new site on Kilbarry Road, Waterford. Waterford Today reports €2 million has been invested in the outlet bringing Musgrave’s total investment in its MarketPlace network to €10 million to-date, with an additional €3 million to be invested in branch revamps over the next three years. The cash and carry will also offer customers a new online ordering service, the first of its kind in Ireland.

4. Tesco extends lead as Ireland’s most popular supermarket

Tesco has extended its status as Ireland’s most popular supermarket, according to the latest Kantar Worldpanel market share figures. The Journal.ie reports Tesco holds a 28.6% share of the market in the 12 weeks up to the end of September – up from 27.8% a year ago.Dunnes Stores retains second place, but has seen its share of the market fall in the last year – from 23.3% in the equivalent period last year to 21.6 per cent this year. 

5. Tesco to sell Fresh & Easy products in its UK stores

Tesco is to start selling Fresh & Easy branded products in all its UK supermarkets in a surprise move analysts believe could help cut losses at its eponymous US venture. The Guardian reports that earlier this month, Tesco cut investment in new US stores after the near-200 strong chain racked up a loss of £74m in the six months to 25 August. Now, around 10 Fresh & Easy products, including ready-to-cook vegetable kits for casseroles and stews, are set to reach all stores within weeks.

Also:

Katie and retailer ‘spar’ for its 50th (Irish Independent)

Poundland celebrates a glamorous birthday (Irish Times)

SABMiller volumes rise as it overcomes Latin American slowdown (RTE News)

Retail chains shut 30 shops a day (Belfast Telegraph)

Poll: Do you try to shop in Irish-owned supermarkets? (The Journal.ie)

Big brands take austerity measures (Guardian, UK)
-As Europe’s financial crisis deepens, producers find smaller packets and economy brands are the answer to shoppers’ shrinking budgets

McArdles get craft butcher status (Argus)

New reporting restrictions ‘could close 300 rural petrol stations

Retail under pressure as shoppers flocking to Aldi (Irish Independent)

Ballymun site could sell for €3 million (Dublin People)

Taste of success for Slender Choice range (Irish Times)

Soup kitchen for Athlone as levels of food poverty soar (Irish Times)

Dispelling the myths around co-operatives (Guardian, UK)

Inside Track Q&A with Tom Butler, founder of Cuinneog, Irish farmhouse country butter and natural buttermilk (Irish Times)

Shop next to Luas line for rent (Irish Times)

Interns receive payouts after petition for minimum wage (Guardian, UK)
-Companies pay out more than £2,250 after two interns demanded wages for over seven months’ work

FTSE lifted by Spanish hopes while Tesco buoyed by talk of £8bn return to investors (Guardian, UK)

 

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