Top stories in the papers this week 4 – 10 December 2012

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Aldi to receive damages over price war; supermarkets to hold off on increase in wine prices until the new year; Tesco in Ballincollig gets the green light



10 December 2012

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1. Tesco to pay Aldi €150k over price war

Retail giant Aldi is to receive €150,000 damages and legal costs under a settlement of its action against Tesco over infringement of Aldi trademarks in a Tesco advertising campaign. The Irish Examiner reports that Tesco Ireland has also given various undertakings to Aldi, including not to engage in comparative advertising involving use of Aldi’s trademarks in a defined range of circumstances.

2. Supermarkets swallow wine price rise for Christmas

Ireland’s supermarkets will absorb the cost of the €1 wine tax until Christmas. Some of the country’s top retailers say they are prepared to maintain prices at their current level. But, the Evening Herald reports, in the long run wine could end up costing customers more than €1 extra. It was claimed today that the €1 duty could actually result in a €1.50 rise on the shelf from January.

3. Food producers call for laws to tackle supermarkets abusing power

Food producers are reviving calls for legislation to regulate the retail sector as England has unveiled plans to empower an independent adjudicator to name, shame, and ultimately fine supermarkets who abuse their power in the marketplace, reports the Irish Examiner. IFA president John Bryan said the fact that legislation to regulate the retail sector in the UK is in its final stages, with an adjudicator to be appointed shortly, highlights the urgency the Government here should attach to legislation that has been promised.

4. Maeve Dineen: All we want for Christmas is an autumn Budget

Business Editor with the Irish Independent, Maeve Dineen is pleased that Public Reform Minister Brendan Howlin signalled in his Budget speech that we may have seen the last December Budget ever. In a press conference later the same evening, Mr Howlin suggested that future Budgets may well be held in October and signalled that he wants a lot more pre-Budget discussion – although he fears we lack the "political maturity" to do so. 

5. Rival fails to halt Tesco development

A new Tesco supermarket in Ballincollig, Cork, is now set to be built by O’Flynn Construction, after the High Court this week rejected a challenge to its planning by the owners of a nearby SuperValu. The Irish Examiner reports that with approval for a new 70,000 sq ft store just west of the main Ballincollig Town Centre complex, which is anchored by Dunnes Stores, Tesco will now join rival traders such as Dunnes, SuperValu (two Ballincollig stores), Aldi (who also have two Ballincollig shops) and Lidl.




Profits halved at Lir after packaging write-down (Irish Independent)

Tesco eyeing Mumbai, Bangalore for expansion post Parliament FDI all-clear (Dublin News)

€50m shopping splurge to kick off festive rush (Irish Independent)

Reaction to Budget 2013 (Irish Times)

Busiest shopping day ‘now like any other’ (Irish Examiner)

India to allow foreign retailers (Belfast Telegraph)

Athlone supplier to join SuperValu’s Christmas range (Athlone Advertiser)

Wine to rise by more than €1, retailers warn (Irish Times)

Hopes high seasonal parking will provide incentive to shoppers (Clare Champion)

Brisk trade at off-licences before price hikes (Irish Examiner)

Denmark scraps anti-jobs ‘fat tax’ (Irish Examiner)

Tesco’s American dream set to end with nightmare losses (Belfast Telegraph)

Supermarket Sainsbury’s the star performer in UK (Irish Examiner)

Emerging markets play growing role in exports growth, says Bord Bia (Irish Examiner)

An Post puts on extra vans to cope with surge in online orders (Irish Independent)

Can a cheap Christmas dinner pass the taste test? (Irish Times)



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