Top stories in the papers this week 22 – 28 May 2012
Retailers will keep lottery ticket sales margin - Howlin; Aldi sues Tesco over display of trademark; Texaco service station agrees to stop selling rival’s fuel
Print28 May 2012
1. Retailers will keep lottery ticket sales margin – Howlin
Minister for Public Expenditure Brendan Howlin has indicated that he will protect the 6% margin earned by retailers from selling National Lottery products. The Irish Times reports that Mr Howlin told the Seanad on Wednesday that he had met with representatives of RGDATA, the NFRN and CSNA. He said he understood “fully their concerns” and “intend[s] to safeguard their margins in the legislation.”
2. Aldi sues Tesco over display of retailer’s trademark logo
Aldi is suing rival Tesco Ireland over alleged infringement of its trademarks in an in-store campaign. According to The Irish Times, Aldi alleges Tesco has failed to compare like with like, misstated the prices and failed to compare the relevant quantity of the Tesco product with an equivalent Aldi product. The recent use of Aldi marks in banners displayed in Tesco stores was apparently “the final straw” for the German group.
3. Texaco service station operator agrees to stop selling rival’s fuel
A Texaco service station operator has agreed to stop selling a rival’s fuel, the High Court has heard. The Irish Examiner reports that last March, the Douglas Service Station in Cork decided to source motor fuel from an alternative supplier "due to a legal dispute with Texaco”. However following the hearing, owner John Cuddihy and his company Daymount will order a minimum of 20,000 litres of Texaco fuel for the service station.
4. Tesco boss declines £372,000 bonus
Tesco chief executive Philip Clarke’s pay was cut by 49% after he declined a bonus amid slumping earnings at the British retailer. The Irish Times reports the executive’s total pay was €1.2 million in fiscal 2012, compared with €2.3 million a year earlier. Clarke declined a bonus payment of approximately £372,000, stating that "I wasn’t satisfied with the performance in the UK and I won’t take the bonus."
5. Union: Workers face food struggle
A survey of Mandate union members shows 39% reported an average fall of €109 a week in their take home pay over the last year. The results outlined in the Irish Independent show retail workers’ hours have dropped by more than 4% since last year, with a sharper decline of almost 6% for part-timers. More than half say they are struggling to pay their gas, electricity and heating bills while over 70% are far less likely to go to the doctor.
Also:
Crime costs SMEs €1.5bn a year (Irish Examiner)
Britvic to cut costs as sales in company decline (Irish Examiner)
Souped-up success story now dishing up healthy kids meals (Irish Times)
Britvic loses its fizz in recession (Irish Times)
MasterCard loses fees challenge (Irish Times)
Food and tourism businesses gain from development group funding (Irish Examiner)
New Zealand announces 40% hike in tobacco taxes (Irish Examiner)
M&D set to distribute blaa nationally (Waterford News)
Retailers expect €250m Euro boost from sporty men and bored women (Irish Examiner)
“We cannot compete” say town centre retailers (Strabane Chronicle)
MSPs set to pass alcohol price Bill (Belfast Telegraph)
Multi-buy retail offers ‘misleading’ (Belfast Telegraph)
UK retail sales down 2.3% in April (Irish Examiner)
Dawn Meats to create 65 jobs after signing €300m deal with McDonald’s (Irish Examiner)
Court rules shopkeeper failed to establish reckless lending claim (Irish Examiner)
Dairy sector will create 15,000 jobs once EU milk quotas end: economist (Irish Examiner)
Buyer sought for Dealz store (Irish Independent)
NAMA to fund €13m Charlestown project (Irish Independent)
Payment card fraud rises 24% to €25m (Irish Examiner)
Barriers to eating fish still remain (Waterford Today)
Greencore revenue increases by 50% following acquisition (Irish Times)
M&S targets cut amid profits fall (Irish Examiner)
Retail sector has been thrown to the lions by the ‘Tesco Tax’ (Belfast Telegraph)
Food industry experience offered (Belfast Telegraph)
Group welcomes jail sentences handed down to tax evaders (Irish Times)
KFC operator in the red as pre-tax losses hit €2m and revenues fall 8% (Irish Examiner)
Retail park vacancy levels at a record low, says guide (Belfast Telegraph)
Companies seeking 150 new staff (Irish Times)
Pay still a hot topic despite Tesco chief’s gesture (Irish Times)
€2.8m sought for mixed-use buildings on Westland Row (Irish Times)
‘Misleading’ supermarket special offers dupe shoppers, Which? finds (Guardian, UK)
Ocado shares jump 5% as sales growth improves (Guardian, UK)
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